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By 2030, the market for white biotechnology is anticipated to reach USD 714.6 billion, growing at a CAGR of 13% from 2023 to 2030. The market for white biotechnology has expanded as a result of the rising demand for biofuels like bioethanol and biodiesel. Increased use of technology across a wide range of industries is also a good idea because it has several advantages, including reduced negative effects on the environment, access to new raw material sources, and improved manufacturing processes.
The term "white biotechnology" describes the use of living organisms, organic materials, or chemical elements like enzymes during the production of various goods. The development of biomaterials, manufacturing techniques, and alternative energy sources are a few examples of white biotechnology applications that are now being researched or used in actual applications. White biotechnology is being researched for its potential to lessen the environmental impact of industry in addition to its potential benefits for business. In order to achieve this, it would be necessary to increase access to cleaner energy sources, decrease dependency on fossil fuels, and create cleaner manufacturing techniques. In North America and Europe, where consumers are willing to pay more or a "green premium" for a variety of renewable products, there is an increasing demand for environmentally friendly chemicals. This demand is expected to encourage manufacturers to use the white biotechnology process rather than the traditional method of producing chemicals. The need for a variety of consumer industries, including the automotive and consumer goods industries, to meet sustainability requirements is likely to expand during the projection period, which will stimulate demand for technology. The white biotechnology approach offers more favourable cost curves than a wide range of chemical processes, which are primarily reliant on the use of fossil fuels, making it possible for it to be priced competitively. Additionally, compared to other processes, the white biotechnology process uses less energy, involves fewer production stages overall, and produces less waste byproducts overall. However, a large number of businesses have already started using these products in order to meet a variety of environmental requirements, which is anticipated to fuel demand for these products over the course of the forecast period given that these businesses are anticipated to keep using these products.
The industrial enzymes, the biomaterials, the biochemicals, and the biofuels segments of the worldwide white biotechnology market are divided based on type. With the largest market share of 33.1% and the highest market value of 85.2 billion in 2021, the biofuels sector led the market. Examples of biofuels include bioethanol and biodiesel. In order to reduce particulates, hydrocarbons, and carbon monoxide during the forecast period, it is anticipated that more pure biodiesel will be utilised in the vehicle sector, particularly in the United States and Europe. Demand will rise as a result.
Report Coverage
Global White Biotechnology research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global White Biotechnology report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and White Biotechnology competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key White Biotechnology market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global White Biotechnology market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, White Biotechnology market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Amyris, BioAmber, Borregaard, Codexis, Deinove, Evolva, Fermentalg, Gevo, Global Bioenergies, Metabolic Explorer, Novozymes, and Solazyme.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global White Biotechnology market based on the below-mentioned segments:
Global White Biotechnology Market, By Type
Global White Biotechnology market, By Application
Global White Biotechnology market, Regional Analysis
The term "white biotechnology" describes the use of living organisms, organic materials, or chemical elements like enzymes during the production of various goods. The development of biomaterials, manufacturing techniques, and alternative energy sources are a few examples of white biotechnology applications that are now being researched or used in actual applications. White biotechnology is being researched for its potential to lessen the environmental impact of industry in addition to its potential benefits for business. In order to achieve this, it would be necessary to increase access to cleaner energy sources, decrease dependency on fossil fuels, and create cleaner manufacturing techniques. In North America and Europe, where consumers are willing to pay more or a "green premium" for a variety of renewable products, there is an increasing demand for environmentally friendly chemicals. This demand is expected to encourage manufacturers to use the white biotechnology process rather than the traditional method of producing chemicals. The need for a variety of consumer industries, including the automotive and consumer goods industries, to meet sustainability requirements is likely to expand during the projection period, which will stimulate demand for technology. The white biotechnology approach offers more favourable cost curves than a wide range of chemical processes, which are primarily reliant on the use of fossil fuels, making it possible for it to be priced competitively. Additionally, compared to other processes, the white biotechnology process uses less energy, involves fewer production stages overall, and produces less waste byproducts overall. However, a large number of businesses have already started using these products in order to meet a variety of environmental requirements, which is anticipated to fuel demand for these products over the course of the forecast period given that these businesses are anticipated to keep using these products.
The industrial enzymes, the biomaterials, the biochemicals, and the biofuels segments of the worldwide white biotechnology market are divided based on type. With the largest market share of 33.1% and the highest market value of 85.2 billion in 2021, the biofuels sector led the market. Examples of biofuels include bioethanol and biodiesel. In order to reduce particulates, hydrocarbons, and carbon monoxide during the forecast period, it is anticipated that more pure biodiesel will be utilised in the vehicle sector, particularly in the United States and Europe. Demand will rise as a result.
Report Coverage
Global White Biotechnology research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global White Biotechnology report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and White Biotechnology competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key White Biotechnology market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Amyris, BioAmber, Borregaard, Codexis, Deinove, Evolva, Fermentalg, Gevo, Global Bioenergies, Metabolic Explorer, Novozymes, and Solazyme. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of White Biotechnology Market from 2021 to 2030.
- Market Forecast for White Biotechnology Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, White Biotechnology competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on White Biotechnology
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global White Biotechnology market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, White Biotechnology market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Amyris, BioAmber, Borregaard, Codexis, Deinove, Evolva, Fermentalg, Gevo, Global Bioenergies, Metabolic Explorer, Novozymes, and Solazyme.
Primary Target Market
- Market Players of White Biotechnology
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global White Biotechnology market based on the below-mentioned segments:
Global White Biotechnology Market, By Type
- Biofuels
- Biomaterials
- Biochemicals
- Industrial Enzymes
Global White Biotechnology market, By Application
- Chemicals
- Pharmaceuticals
- Food and Beverage
- Feed
- Other Applications
Global White Biotechnology market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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