San Francisco, 16 June 2020 — “White Biotechnology Market Analysis By
Regions (North America, Europe, Asia-Pacific, Latin America and Africa),
Product, By Application And Segment Forecasts To 2027”
The global White Biotechnology
Market size is expected to value at USD 487.08 billion by 2024. The market is
subject to witness a substantial growth due to the rise in adoption of White Biotechnology for production
of various biofuels like bioethanol and biodiesel. In addition, white
biotechnology plays a vital role during production of essential chemical
products such as organic acids, amino acids, ethanol and various types of
vitamins, thus propelling the market growth in the recent years. Globally, the
white biotechnology industry is predicted to grow at CAGR of 10.2% in forecast
period, providing numerous opportunities for market players to invest in
research and development of the white biotechnology sector.
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Increasing adoption of
biotechnology market in healthcare sector and pharmaceutical industry coupled
with reduced manufacturing cost of drugs and various chemical products are
expected to drive market demand for white biotechnology over the forecast
period. Additionally, ecofriendly nature of white biotechnology, easy
availability of essential raw materials, advanced production methods, declined
production costs, and minimum waste generation are some of the critical factors
driving market growth, since the last decade.
Growing end-user demand for
organic chemicals, especially in the North American and European region, due to
numerous advantages over non-organic products and shifting trend towards
renewable products are anticipated to fuel deployment of biotechnology process
instead of conventional chemical manufacturing methodologies.
Furthermore, increasing demand
from different end-user market segments such as automobile industry and
packaged food sector to achieve required sustainability and flexibility is
predicted to boost market growth in the upcoming years. The white biotechnology
technique is considered as highly cost effective and efficient in comparison
with conventional non-organic chemical processes that largely uses of
non-renewable energy sources. In addition, the white biotechnology is
considered as simple process involving least number of production steps and
produces minimum residue after the completion. Unlike other types of chemical
process, the white biotechnology is not affected by price volatilities of raw
materials. These advantages are estimated to foster the growth of white
biotechnology market in years to come.
This report studies the global White Biotechnology market status
and forecast, categorizes the global White
Biotechnology market size (value & volume) by manufacturers, type,
application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South
Korea and Taiwan and other regions.
This research report offers a
comprehensive analysis of key elements of the White Biotechnology Market such as potential top key Manufacturers
along with their strengths and weaknesses. The White Biotechnology Market report also comprises some useful
strategies and scenario for the new players in the market. While forecasting
the growth of the global White
Biotechnology market, various statistical tools were utilized to get an
accurate result of the Demographic data.
Avail complete report with TOC and List of Figures @ https://www.millioninsights.com/industry-reports/white-biotechnology-market
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