White Biotechnology

White Biotechnology

Global White Biotechnology Market to Reach US$513.4 Billion by 2030

The global market for White Biotechnology estimated at US$301.3 Billion in the year 2023, is expected to reach US$513.4 Billion by 2030, growing at a CAGR of 7.9% over the analysis period 2023-2030. Bioenergy Application, one of the segments analyzed in the report, is expected to record a 8.0% CAGR and reach US$203.1 Billion by the end of the analysis period. Growth in the Food & Feed Additives Application segment is estimated at 6.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$82.1 Billion While China is Forecast to Grow at 12.5% CAGR

The White Biotechnology market in the U.S. is estimated at US$82.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$115.4 Billion by the year 2030 trailing a CAGR of 12.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.5% and 7.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.

Global White Biotechnology Market - Key Drivers and Trends Summarized

 

White biotechnology, also known as industrial biotechnology, leverages biological systems such as microorganisms and enzymes to drive industrial processes. This approach is gaining traction as a means to produce chemicals, materials, and energy more sustainably and efficiently. White biotechnology, also known as industrial biotechnology, involves the use of biological systems, such as microorganisms and enzymes, in industrial processes to produce chemicals, materials, and energy. This branch of biotechnology leverages natural biological processes to create environmentally friendly and sustainable solutions for various industries, including pharmaceuticals, chemicals, food and beverage, and biofuels. White biotechnology aims to reduce the reliance on fossil fuels and minimize environmental impact by developing processes that are more efficient, cost-effective, and less harmful to the environment.

As environmental concerns and regulations become more stringent, industries are seeking alternative methods to produce goods and energy that reduce carbon footprints and pollution. White biotechnology offers solutions that utilize renewable resources and produce fewer by-products, aligning with global sustainability goals. Another driver is the advancement in genetic engineering and synthetic biology, which has enhanced the ability to design and manipulate microorganisms for specific industrial applications. These technological advancements have led to more efficient production processes and the creation of novel bioproducts. Additionally, the rising cost of fossil fuels and the depletion of natural resources are compelling industries to adopt biotechnological processes that are not only sustainable but also economically viable. The application of white biotechnology in the chemical and plastics industry demonstrates significant advantages. The use of microorganisms and enzymes in these processes can streamline complex chemical reactions, making them more straightforward and less resource-intensive. This technology allows for the creation of new chemicals and materials that were previously difficult or impossible to produce using conventional methods

The growing field of white biotechnology is marked by several notable trends. One significant trend is the increased use of biobased feedstocks in industrial processes, reducing dependency on fossil fuels and enhancing sustainability. Additionally, the integration of microorganisms and enzymes into manufacturing processes not only improves efficiency but also allows for the development of novel materials and chemicals. This technological shift is particularly evident in the plastics industry, where biotechnological processes are creating more sustainable alternatives to traditional plastics. The potential for lower environmental impact and enhanced production efficiency makes white biotechnology an attractive option for the future.

Select Competitors (Total 32 Featured) -

• AkzoNobel
• Amyris
• Angel Yeast Co.Ltd.
• BASF SE
• Biosphere
• Borregaard
• DSM
• Du Pont Danisco
• Fermentalg
• Genecor

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