Industrial Microbiology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Industrial Microbiology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global industrial microbiology market size reached US$ 10.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.0 Billion by 2028, exhibiting a growth rate (CAGR) of 8.19% during 2022-2028.

Industrial microbiology or microbial biotechnology refers to the process of manipulating microorganisms for the benefit of the environment, society, and industries. These microorganisms, which are used to produce large-scale industrial products, include naturally occurring organisms, laboratory selected mutants, and genetically modified organisms (GMO). As industrial microbiology relies on renewable resources, it assists in replacing fossil fuels, non-biodegradable plastics, and highly polluting chemical processes with biocompatible alternatives. Presently, it finds extensive application in the manufacturing of alcohols and acetone across the globe.

Industrial Microbiology Market Trends:
The flourishing pharmaceutical industry represents one of the key factors strengthening the growth of the market. Industrial microbiology assists in the development of antibiotics, vaccines, and steroids. It also aids in maintaining the overall quality and preventing microbial contamination of drugs, injectables, eye drops, nasal solutions, and inhalation products. This, in confluence with the rising demand for antibiotics, is contributing to the market growth. Additionally, depleting oil resources and increasing energy demands are catalyzing the need for cost-effective and eco-friendly oil recovery technologies. Apart from this, as industrial microbiology does not require vast energy inputs and is not impacted by crude oil prices, it finds a wide array of applications in the oil and gas industry across the globe. Moreover, it is increasingly being employed in the food and beverage (F&B) industry for producing fermented food products and the conversion of industrial food wastes into value-added products. This, coupled with the technological advancements to improve productivity, enhance organoleptic characteristics, and attribute new nutritional functions to certain foods, is creating a favorable market outlook. The market is also propelled by the expanding applications of microbiology in the cosmetics and personal care industry worldwide.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial microbiology market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, test type and end use industry.

Breakup by Product:

Equipment and Systems
Filtration Pumps and Systems
Microbial Detection Systems
Air Monitoring Systems
Automated Equipment
Incubators and Culture Apparatus
Others
Reaction Consumables
Media
Simple Media
Complex Media
Defined Media
Specialty Media
Reagents and Strains
Others
Laboratory Supplies
Bags and Bottles
Loop and Needles
Petri Dishes, Racks, Seals, Plates and Holders
Filtration Disc and Membranes
Others

Breakup by Test Type:

Sterility Testing
Microbial Limits Testing
Bio-burden Testing
Water and Environmental Testing

Breakup by End Use Industry:

Food and Beverages
Pharmaceutical Biotechnology
Agricultural
Environmental
Cosmetic and Personal Care
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Becton Dickinson and Company, bioMérieux SA, Bio-Rad Laboratories Inc, Danaher Corporation, Eppendorf AG, QIAGEN, Sartorius AG, Merck KGaA and Thermo Fisher Scientific Inc.

Key Questions Answered in This Report:
How has the global industrial microbiology market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global industrial microbiology market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the test type?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global industrial microbiology market and who are the key players?
What is the degree of competition in the industry?