IMARC Group’s report titled “White Biotechnology Market Report by Product (Biofuels, Biochemicals, Biopolymers), Application (Bioenergy, Food and Feed Additives, Pharmaceutical Ingredients, Personal Care and Household Products, and Others), and Region 2024-2032”. The global white biotechnology market size reached US$ 310.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 755.2 Billion by 2032, exhibiting a growth rate (CAGR) of 10.1% during 2024-2032.
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Factors Affecting the Growth of the White Biotechnology Industry:
- Environmental Concerns and Sustainability Goals:
Rising concerns about environmental issues such as climate change, pollution, and depletion of natural resources have led to increased adoption of white biotechnology and the market outlook is positive. Increasing focus on maintaining sustainability goals across the globe is driving market growth. White biotechnology provides an environmentally friendly alternative to traditional chemical processes by using living cells or their components to manufacture products. These biological methods typically require less energy, reduce greenhouse gas (GHG) emissions, and minimize waste generation, thereby contributing to environmental protection.
- Advancements in Biotechnological Research:
Innovations in biotechnology research have enabled the development of new bio-based products and processes that are more efficient, cost-effective, and environmentally friendly. Breakthrough advances in genetic engineering, fermentation technology, and enzyme optimization are increasing the viability and attractiveness of biobased solutions. Advances in fermentation technology, such as bioreactor design and process optimization, improve the scalability and efficiency of biobased production processes. Modern bioreactors offer greater control and maintain optimal conditions for microbial growth and product formation, leading to higher yields and lower production costs.
- Rising Focus on Biofuels:
White biotechnology plays an important role in producing biofuels such as ethanol and biodiesel from renewable resources such as biomass, agricultural waste, and algae. Biofuels can be produced domestically from a variety of raw materials and can reduce dependence on imported fossil fuels while increasing energy security. When burned for energy, they generally produce lower greenhouse gas (GHG) emissions than traditional fossil fuels, contributing to efforts to mitigate climate change and improve air quality. Additionally, continued advances in white biotechnology have enabled more efficient and cost-effective biofuel production processes, making biofuels increasingly competitive with fossil fuels.
Leading Companies Operating in the Global White Biotechnology Industry:
- Archer Daniels Midland Company
- BASF SE
- Cargill Inc.
- DuPont de Nemours Inc.
- Fujifilm Holdings Corporation
- General Electric Company
- Henkel AG & Co. KGaA
- Kaneka Corporation
- Koninklijke DSM N.V.
- Lonza Group AG
- Mitsubishi Corporation
- Novozymes A/S
White Biotechnology Market Report Segmentation:
By Product:
- Biofuels
- Biochemicals
- Biopolymers
On the basis of the product, the market has been divided into biofuels, biochemicals, and biopolymers.
By Application:
- Bioenergy
- Food and Feed Additives
- Pharmaceutical Ingredients
- Personal Care and Household Products
- Others
Based on application, the market is segmented into bioenergy, food and feed additives, pharmaceutical ingredients, personal care and household products, etc.
Regional Insights:
- 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
Regionally, the white biotechnology market is divided into North America (United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, etc.), Europe (Germany, France, United Kingdom, Italy, Spain, Russia, etc.) , Latin America (Brazil, Mexico, etc.), the Middle East and Africa.
Global White Biotechnology Market Trends:
Government agencies in various countries have implemented numerous policies to reduce dependence on fossil fuels. It also provides financial incentives for the development and adoption of bio-based products, supporting market growth. Various policies mandate the inclusion of biofuels in national fuel mixes and provide subsidies for the production of biodegradable products. These efforts will not only foster innovation in this field, but also increase the market competitiveness of biobased products.
Rising preference for natural and organic products in various sectors is driving the market growth. White biotechnology can produce natural ingredients and materials that are considered healthier and more environmentally friendly.
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