San Francisco, 16 June 2020 — “White Biotechnology Market Analysis By Regions (North America, Europe, Asia-Pacific, Latin America and Africa), Product, By Application And Segment Forecasts To 2027”
The global White Biotechnology Market size is expected to value at USD 487.08 billion by 2024. The market is subject to witness a substantial growth due to the rise in adoption of White Biotechnology for production of various biofuels like bioethanol and biodiesel. In addition, white biotechnology plays a vital role during production of essential chemical products such as organic acids, amino acids, ethanol and various types of vitamins, thus propelling the market growth in the recent years. Globally, the white biotechnology industry is predicted to grow at CAGR of 10.2% in forecast period, providing numerous opportunities for market players to invest in research and development of the white biotechnology sector.
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Increasing adoption of biotechnology market in healthcare sector and pharmaceutical industry coupled with reduced manufacturing cost of drugs and various chemical products are expected to drive market demand for white biotechnology over the forecast period. Additionally, ecofriendly nature of white biotechnology, easy availability of essential raw materials, advanced production methods, declined production costs, and minimum waste generation are some of the critical factors driving market growth, since the last decade.
Growing end-user demand for organic chemicals, especially in the North American and European region, due to numerous advantages over non-organic products and shifting trend towards renewable products are anticipated to fuel deployment of biotechnology process instead of conventional chemical manufacturing methodologies.
Furthermore, increasing demand from different end-user market segments such as automobile industry and packaged food sector to achieve required sustainability and flexibility is predicted to boost market growth in the upcoming years. The white biotechnology technique is considered as highly cost effective and efficient in comparison with conventional non-organic chemical processes that largely uses of non-renewable energy sources. In addition, the white biotechnology is considered as simple process involving least number of production steps and produces minimum residue after the completion. Unlike other types of chemical process, the white biotechnology is not affected by price volatilities of raw materials. These advantages are estimated to foster the growth of white biotechnology market in years to come.
This report studies the global White Biotechnology market status and forecast, categorizes the global White Biotechnology market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions.
This research report offers a comprehensive analysis of key elements of the White Biotechnology Market such as potential top key Manufacturers along with their strengths and weaknesses. The White Biotechnology Market report also comprises some useful strategies and scenario for the new players in the market. While forecasting the growth of the global White Biotechnology market, various statistical tools were utilized to get an accurate result of the Demographic data.
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