White Biotechnology Market

White Biotechnology Market Report 2024, Trends, Key Players & Forecast 2032


Global White Biotechnology Industry: Key Statistics and Insights in 2024-2032

Summary:

  • The global white biotechnology market size reached USD 310.6 Billion in 2023.
  • The market is expected to reach USD 755.2 Billion by 2032, exhibiting a growth rate (CAGR) of 10.1% during 2024-2032.
  • North America leads the market, accounting for the largest white biotechnology market share.
  • Biochemicals account for the majority of the market share in the product type segment due to their versatility in producing bio-based chemicals, enzymes, and specialty chemicals.
  • Bioenergy holds the largest share in the white biotechnology industry.
  • The rising focus on sustainability and environmental concerns is a primary driver of the white biotechnology market.
  • The growing demand for biobased products is reshaping the white biotechnology market.

Industry Trends and Drivers:

  • Sustainability and environmental concerns:

White biotechnology focuses on developing processes that minimize greenhouse gas emissions. For example, biotechnological methods for producing chemicals and fuels often generate fewer carbon emissions compared to traditional chemical processes. White biotechnology emphasizes the use of renewable raw materials, such as plant-based feedstocks, instead of finite fossil resources. This shift helps reduce dependency on non-renewable resources and supports the transition to a circular economy. The development of biodegradable plastics and materials through white biotechnology addresses the growing problem of plastic waste. These products break down more quickly and safely in the environment, reducing landfill accumulation and pollution. White biotechnology offers solutions for waste treatment and recycling. Certain microorganisms can break down industrial waste or convert it into valuable byproducts, enhancing waste management and resource recovery.

  • Advancements in biotechnology:

Recent developments in enzyme engineering are leading to the creation of more efficient and specialized enzymes. These enzymes can catalyze reactions under milder conditions, improving process efficiency and reducing energy consumption. Advancements in genetic engineering and synthetic biology allow for the customization of microorganisms to produce specific chemicals, materials, or energy sources. This enables more precise and scalable production processes, driving innovation in industrial applications. Innovations in microbiology and genetic modification techniques are producing more robust and versatile microbial strains. These strains can perform complex biochemical transformations, making industrial processes more efficient and adaptable. Advancements in bioprocessing techniques, such as fermentation and downstream processing, are leading to higher yields, faster production times, and reduced costs.

  • Rising demand for biobased products:

As consumers are becoming more environmentally conscious, they prefer biobased products over conventional ones. This shift in consumer preference is driving the demand for biobased materials, such as biodegradable plastics, biofuels, and natural chemicals. Governments and regulatory bodies are implementing policies and offering incentives to promote the use of biobased products as part of their sustainability agendas. These regulations, which often include carbon reduction targets and plastic bags, encourage industries to adopt biobased alternatives and invest in white biotechnology. Biobased products are often perceived as having a lower environmental impact compared to fossil-based products. Biobased plastics and packaging materials reduce reliance on petrochemicals and are often designed to be biodegradable or compostable, aligning with global efforts to reduce waste and pollution.

Grab a sample PDF of this report: https://www.imarcgroup.com/white-biotechnology-market/requestsample

White Biotechnology Market Report Segmentation:

Breakup By Product:

  • Biofuels
  • Biochemicals
  • Biopolymers

Biochemicals represent the largest segment due to their extensive use in various industries, including pharmaceuticals, agriculture, and environmental applications.

Breakup By Application:

  • Bioenergy
  • Food and Feed Additives
  • Pharmaceutical Ingredients
  • Personal Care and Household Products
  • Others

Bioenergy accounts for the majority of the market share because of its crucial role in providing renewable energy solutions and reducing reliance on fossil fuels.

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

North America enjoys the leading position in the white biotechnology market owing to its advanced research and development infrastructure, strong industry presence, and supportive government policies promoting biotechnological innovations.

Top White Biotechnology Market Leaders:

The white biotechnology market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

  • 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

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: [email protected]

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145