White Biotechnology Market, By Product Type (Biochemical, Biofuel, Biomaterial, Bioproduct), By Application (Bioenergy Food & feed additives, Pharmaceutical ingredients, Personal care & household products, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Jul 2024

Code : CMI3876

Pages :145

Formats :

Excel and PDF

Industry : Biotechnology

Market Concentration and Competitive Landscape

White Biotechnology Market Concentration By Players

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Growing demand for renewable resources and environment friendly products

Increasing worldwide focus on sustainability and reducing carbon footprint has boosted demand for renewable and environment-friendly products across industries. More companies and consumers seek options that minimize negative impact on the environment. This shift towards greener alternatives can drive the white biotechnology market growth globally. White biotechnology utilizes micro-organisms and enzymes for industrial applications like manufacturing renewable chemicals, developing alternative fuels, reducing waste, and more. By leveraging nature's solutions, white biotech enable a circular bio-economy. For food and beverage companies, it allows developing sustainable and plant-based packaging, additives, and ingredients. The chemical industry is investing in white biotech to produce industrial enzymes for more efficient and less polluting manufacturing processes. Biofuels developed through white biotech methods offer cleaner and renewable alternatives to fossil fuels for the transportation sector. In 2022, according to the report published by International Renewable Energy Agency, biofuel production had increased by 43% between 2020 and 2023 due to rising demand for sustainable fuels.

Key Players Insights