AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "White Biotechnology market - Global outlook to 2026". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global White Biotechnology market to grow at a CAGR of 7.1%.
The Feedstock, such as Food Waste, is boosting the White Biotechnology market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global White Biotechnology market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Increasing Inclination for Green Chemicals, Advantages of white biotechnology and Increasing usage of biomass as an effective alternative to petroleum.
The global white biotechnology market is likely to grow tremendously over the coming years. The growing adoption of enzyme technology is expected to have a positive impact on the growth of the market. High use of enzyme technology in the industrial process has driven the demand for the market. The enzymes also decrease chemical waste generation & water consumption during the manufacturing process. High adoption of enzyme technology as a substitute to harmful chemicals will consequently drive the growth of the global white biotechnology market. High technology use through various industries with its various advantages like new raw material chains, environment friendliness, reduced manufacturing costs, efficient production methods, low waste generation as well as raw material consumption are the factors that drive global white biotechnology market growth over the coming years.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global White Biotechnology market by Type (Biofuels, Biomaterials, Biochemicals and Industrial Enzymes), by Application (Bioenergy, Food & Feed Additives, Pharmaceutical Ingredients, Personal Care & Household Products and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market