Global White Biotechnology Market is expected to reach US$ 265 Bn by 2026 from US$ XX Bn in 2019 at a CAGR of 4.5 % during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
White Biotechnology Definition:
White biotechnology also meaning Industrial Biotechnology uses microorganisms and their enzymes to manufacture goods for industry, such as chemicals, plastics, pharmaceuticals, food, and energy carriers. These renewable raw materials and the waste from forestry and agriculture are used for manufacturing industrial goods. White biotechnology is solely applied to the industry to replace polluting technologies with clean ones.
Global White Biotechnology Market Dynamics:
White biotechnology provides significant benefits over the conventional chemical industry because it allows the production of chemicals and energy from annually renewable resources in a more energy-effective manner. White biotechnology involves the production of by-products by the decreased generation of wastes, reduced CO2 formation, and increased product yield and purity for additional advantages for the same. The adoption of various recent technologies in bio-product production by pharmaceutical and chemical industries is triggering the growth of the global white biotechnology market.
Metabolic engineering will play the most important role in white biotechnology as it allows the development of strains that are capable of enhanced production with fewer by-products from various renewable raw materials. Recent developments in the area of systems biology further make advancements in white biotechnology by providing genome-scale and holistic information of a given organism.
There is no doubt that white biotechnology will become an essential technology paradigm for sustainable growth using renewable materials. However, the efficiency of the processes for the production of diverse chemicals needs to be improved. Activities and opportunities in White biotechnology are rapidly growing due to recent breakthroughs in genomics, molecular genetics, metabolic engineering, and catalysis.
Developments in the White Biotechnology:
Bioethanol is the best-developed bio-based bulk chemical produced by white biotechnology. Recently, the US government decided to fund additional research in ‘cutting-edge methods’ for producing ethanol. The goal is to make ethanol more practical and competitive to replace crude oil imports.
Global White Biotechnology Market Segment Analysis:
The report groups the Global White Biotechnology Market in different segments By Product, Application, and Region to forecast the revenues and analyze the market share of each segment over the forecast period.
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Based on Product, the Global White Biotechnology Market is segmented into Biochemical, Biofuel, Biomaterial, and Bioproduct. The Biochemical segment was dominant in 2019 and is expected to command a market share of xx% by 2026.
Current practice in industrial biotechnology demonstrates that the social, environmental, economic benefits of biochemicals are going hand in hand. Production of biochemical makes substantial reductions of 17-65% greenhouse gas emissions and a more profound shift towards bio-based products could potentially account for 20% of the global Kyoto target. The potential economic value of industrial biotechnology for the biochemical industry alone is estimated to be 22 billion per annum by 2018.
Rising consumer demand for green bioproducts particularly in North America and Europe who are willing to pay a green premium for numerous renewable products is expected to push manufacturers to employ white biotechnology processes as opposed to traditional chemical manufacturing.
Global White Biotechnology Market Regional Insights:
Global White Biotechnology Market 1
North America is expected to command the largest market share of xx% by 2026
The USA is moving fast in this white biotechnology field. The current US administration has adopted the simulation of white/industrial biotechnology as a part of its government program. They allocated a substantial budget to draft a “road map” to facilitate the development and implementation of the use of this form of biotechnology. Europe and other individual member states use the rich potential that the USA continents offer in terms of knowledge, industrial activities, and academic research institutes.
Europe is expected to command the second largest market share of xx% in the global white biotechnology market.
EuropaBio, the EU Industrial Association of Biotechnology, urges all-white biotechnology stakeholders to jointly discuss the benefits of applying white/industrial biotechnology in Europe.
Nederlands has a long tradition in biotechnology. Dutch-based life Sciences companies have an overall yearly turnover of more than the US $ 49 Bn invest the US $ 950 million in research and development every year. A substantial part of these life sciences is devoted directly or indirectly to industrial biotechnology. The Country has the infrastructure and potential to become a leading player in industrial biotechnology.
The objective of the report is to present a comprehensive analysis of the Global White Biotechnology Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global White Biotechnology Market dynamics, structure by analyzing the market segments and projects the Global White Biotechnology Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global White Biotechnology Market make the report investor’s guide.
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Global White Biotechnology Market Key Players
• Amyris
• BioAmber
• Borregaard
• Codexis
• Deinove
• Evolva
• Fermentalg
• Gevo
• Global Bioenergies
• Metabolic Explorer
• Novozymes
• Solazyme
• Corbion
• ADM
• DuPont
• Eucodis Biosciences GmbH
• Koninklijke DSM NV
• BASF SE
• Evonik Industries AG
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