PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1284251
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1284251
White Biotech Market Forecasts to 2028 - Global Analysis By Product (Biopolymers, Biofuels and Other Products), End User (Electronics and Semiconductor, Consumer Goods And Services and Other End Users) and By Geography
According to Stratistics MRC, the Global White Biotech Market is accounted for $205.38 billion in 2022 and is expected to reach $432.15 billion by 2028 growing at a CAGR of 13.2% during the forecast period. The use of scientific and technical ideas forms the foundation of biotechnology. Industrial biotechnology is another name for white biotechnology. In order to produce bio-based products that may be used in a variety of industries, including chemicals, bio-energy, home care, food and feed, and pharmaceuticals, this method makes use of enzymes and microorganisms. The advantages of white biotech products in everyday life and the negative consequences of greenhouse gas emissions from non-biological products are not commonly known to end users in emerging and impoverished nations.
According to a report shared by the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, by 2022, 45 billion liters of biodiesel will be produced worldwide, up from 37 billion in 2020.
Market Dynamics:
Driver:
Wide market application with different functionality
White biotechnology has seen a growth in demand from end users over the past few years as a result of a growing understanding of its uses and numerous benefits, which include eco-friendliness, reduced manufacturing costs, little waste formation, and maximum raw material utilisation. Consumer demand for green chemicals, especially in developed nations, is forcing manufacturers to adopt white biotechnology rather than conventional chemical production processes. Furthermore, the development of polymer production technology, notably from biomass, has created profitable opportunities in the biochemical market over the past few years.
Restraint:
Declining fertility of agricultural lands could hold back development
The production status of bio crops may soon be lost due to factors such as the growing population, the scarcity of agricultural land, small landholdings, and declining soil fertility. The fertility of agricultural areas also decreased due to the misuse and incorrect application of fertilisers to crops, which has led to the depletion of that fertility. Because there is uncertainty over the production yield, which is expected to restrict market expansion, the prices of bio-crops have also fluctuated due to excessive fertiliser use. The current degree of nutrient-use efficiency is still quite low for the majority of nutrients. As a result, falling land fertility is limiting the production of bio crops, which could restrict the market's growth throughout the projection period.
Opportunity:
Demand for bio plastic is surging
Global demand for bio-based and biodegradable polymers reached 960,000 metric tonnes. The bioplastics industry, though still in its infancy, has established itself as a cornerstone in a number of commercial industries and applications. Due to consumer preferences for eco-friendly materials, a growth in the usage of bioplastics by plastic processors and compounders, and the launch of new products that expand the benefits of bioplastics, demand is anticipated to rise significantly in almost all geographic areas.
Threat:
Lower adoption of biofertilizers
The global white biotechnology market is anticipated to experience slower growth due to lower adoption of biofertilizers compared to traditional fertilisers in both developed and emerging economies. Increased desire for conventional fertilisers is a result of declining soil fertility and growing food demand. Additionally, it is anticipated that lesser adoption of biofuels relative to conventional fuels will also restrain market expansion. This is caused by the variable supply of biofuels and the superior performance of conventional fuels over biofuels.
COVID-19 Impact:
The COVID-19 pandemic had a huge impact on the pharmaceutical industry's innovation in the white biotechnology market, which suggests a successful market expansion in the sector. The growing consumer demand for green chemicals, particularly in developed regions like North America and Europe, is expected to drive manufacturers to use white biotechnology processes rather than conventional chemical manufacturing. Over the projection period, it is anticipated that the demand for technology would increase due to the growing pressure on various consumer industries, such as the automotive and consumer goods sectors, to fulfil the sustainability targets.
The biochemicals segment is expected to be the largest during the forecast period
The biochemicals segment is estimated to have a lucrative growth, as a result of stricter laws, environmental concerns, and customer demand for more sustainable products. As a result, producers of cleaning products including those for the home have been decreasing their carbon footprints for years by lowering suggested product temperatures, reducing packaging, and increasing the number of bio-based components.
The healthcare segment is expected to have the highest CAGR during the forecast period
The healthcare segment is anticipated to witness the fastest CAGR growth during the forecast period, due to increasing technological use in the production of biopharmaceuticals, particularly antibodies for cancer treatment that cannot be produced through chemical synthesis. Additionally, the creation of chiral molecules and other challenging-to-synthesize intermediates, including active pharmaceutical ingredients (API), is made possible by the enzymes used in this method.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the availability of biotechnologically altered food ingredients. In this approach, players contribute money to nearby companies. Additionally, product contamination results in variable potency and poor product quality, which restrict the growth of the Chinese biotech and pharmaceutical industry.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period. Food demand is rising due to an increase in both human and livestock populations. As urban areas are encroaching on agricultural grounds, it puts pressure on how land is used. These international trends provide biotechnology with the opportunity to boost agricultural production.
Key players in the market:
Some of the key players profiled in the White Biotech Market include Global Bioenergies, Solazyme, Borregaard, BioAmber., Fermentalg, Amyris, Codexis, Deinove, Novozymes, Metabolic Explorer, Evolva, Gevo, Kerry Group plc and BASF SE.
Key Developments:
In March 2022, Kerry Group plc (Kerry), an Ireland-based public food company, acquired 92% of the issued share capital of c-Lecta for $134.8 million (€ 137M). With this acquisition, Kerry's innovative capabilities in enzyme engineering, fermentation, and bioprocess development will be accelerated.
In March 2021, BASF Venture Capital (BVC) invested in Bota Biosciences Ltd (Bota Bio), an industrial synthetic biotech company located in Hangzhou, China, which develops next-generation biotechnology platforms, enabling sustainable and economical production of high-value products for a broad array of industrial applications, like sweeteners, vitamins, personal care, or crop protection products.
Products Covered:
- Biopolymers
- Biofuels
- Biochemicals
- Industrial Enzymes
- Other Products
End Users Covered:
- Electronics and Semiconductor
- Consumer Goods And Services
- Healthcare
- Agriculture
- Hospitality & Tourism
- Automotive
- Automation and Process Control
- Aerospace And Defense
- Food and Beverage
- Chemicals & Materials
- Energy and Resources
- Information Technology
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Product Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global White Biotech Market, By Product
- 5.1 Introduction
- 5.2 Biopolymers
- 5.3 Biofuels
- 5.4 Biochemicals
- 5.5 Industrial Enzymes
- 5.6 Other Products
6 Global White Biotech Market, By End User
- 6.1 Introduction
- 6.2 Electronics and Semiconductor
- 6.3 Consumer Goods And Services
- 6.4 Healthcare
- 6.5 Agriculture
- 6.6 Hospitality & Tourism
- 6.7 Automotive
- 6.8 Automation and Process Control
- 6.9 Aerospace And Defense
- 6.10 Food and Beverage
- 6.11 Chemicals & Materials
- 6.12 Energy and Resources
- 6.13 Information Technology
- 6.14 Other End Users
7 Global White Biotech Market, By Geography
- 7.1 Introduction
- 7.2 North America
- 7.2.1 US
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 Italy
- 7.3.4 France
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 Japan
- 7.4.2 China
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 New Zealand
- 7.4.6 South Korea
- 7.4.7 Rest of Asia Pacific
- 7.5 South America
- 7.5.1 Argentina
- 7.5.2 Brazil
- 7.5.3 Chile
- 7.5.4 Rest of South America
- 7.6 Middle East & Africa
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 Qatar
- 7.6.4 South Africa
- 7.6.5 Rest of Middle East & Africa
8 Key Developments
- 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 8.2 Acquisitions & Mergers
- 8.3 New Product Launch
- 8.4 Expansions
- 8.5 Other Key Strategies
9 Company Profiling
- 9.1 Global Bioenergies
- 9.2 Solazyme
- 9.3 Borregaard
- 9.4 BioAmber.
- 9.5 Fermentalg
- 9.6 Amyris
- 9.7 Codexis
- 9.8 Deinove
- 9.9 Novozymes
- 9.10 Metabolic Explorer
- 9.11 Evolva
- 9.12 Gevo
- 9.13 Kerry Group plc
- 9.14 BASF SE
List of Tables
- Table 1 Global White Biotech Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global White Biotech Market Outlook, By Product (2020-2028) ($MN)
- Table 3 Global White Biotech Market Outlook, By Biopolymers (2020-2028) ($MN)
- Table 4 Global White Biotech Market Outlook, By Biofuels (2020-2028) ($MN)
- Table 5 Global White Biotech Market Outlook, By Biochemicals (2020-2028) ($MN)
- Table 6 Global White Biotech Market Outlook, By Industrial Enzymes (2020-2028) ($MN)
- Table 7 Global White Biotech Market Outlook, By Other Products (2020-2028) ($MN)
- Table 8 Global White Biotech Market Outlook, By End User (2020-2028) ($MN)
- Table 9 Global White Biotech Market Outlook, By Electronics and Semiconductor (2020-2028) ($MN)
- Table 10 Global White Biotech Market Outlook, By Consumer Goods And Services (2020-2028) ($MN)
- Table 11 Global White Biotech Market Outlook, By Healthcare (2020-2028) ($MN)
- Table 12 Global White Biotech Market Outlook, By Agriculture (2020-2028) ($MN)
- Table 13 Global White Biotech Market Outlook, By Hospitality & Tourism (2020-2028) ($MN)
- Table 14 Global White Biotech Market Outlook, By Automotive (2020-2028) ($MN)
- Table 15 Global White Biotech Market Outlook, By Automation and Process Control (2020-2028) ($MN)
- Table 16 Global White Biotech Market Outlook, By Aerospace And Defense (2020-2028) ($MN)
- Table 17 Global White Biotech Market Outlook, By Food and Beverage (2020-2028) ($MN)
- Table 18 Global White Biotech Market Outlook, By Chemicals & Materials (2020-2028) ($MN)
- Table 19 Global White Biotech Market Outlook, By Energy and Resources (2020-2028) ($MN)
- Table 20 Global White Biotech Market Outlook, By Information Technology (2020-2028) ($MN)
- Table 21 Global White Biotech Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 22 North America White Biotech Market Outlook, By Country (2020-2028) ($MN)
- Table 23 North America White Biotech Market Outlook, By Product (2020-2028) ($MN)
- Table 24 North America White Biotech Market Outlook, By Biopolymers (2020-2028) ($MN)
- Table 25 North America White Biotech Market Outlook, By Biofuels (2020-2028) ($MN)
- Table 26 North America White Biotech Market Outlook, By Biochemicals (2020-2028) ($MN)
- Table 27 North America White Biotech Market Outlook, By Industrial Enzymes (2020-2028) ($MN)
- Table 28 North America White Biotech Market Outlook, By Other Products (2020-2028) ($MN)
- Table 29 North America White Biotech Market Outlook, By End User (2020-2028) ($MN)
- Table 30 North America White Biotech Market Outlook, By Electronics and Semiconductor (2020-2028) ($MN)
- Table 31 North America White Biotech Market Outlook, By Consumer Goods And Services (2020-2028) ($MN)
- Table 32 North America White Biotech Market Outlook, By Healthcare (2020-2028) ($MN)
- Table 33 North America White Biotech Market Outlook, By Agriculture (2020-2028) ($MN)
- Table 34 North America White Biotech Market Outlook, By Hospitality & Tourism (2020-2028) ($MN)
- Table 35 North America White Biotech Market Outlook, By Automotive (2020-2028) ($MN)
- Table 36 North America White Biotech Market Outlook, By Automation and Process Control (2020-2028) ($MN)
- Table 37 North America White Biotech Market Outlook, By Aerospace And Defense (2020-2028) ($MN)
- Table 38 North America White Biotech Market Outlook, By Food and Beverage (2020-2028) ($MN)
- Table 39 North America White Biotech Market Outlook, By Chemicals & Materials (2020-2028) ($MN)
- Table 40 North America White Biotech Market Outlook, By Energy and Resources (2020-2028) ($MN)
- Table 41 North America White Biotech Market Outlook, By Information Technology (2020-2028) ($MN)
- Table 42 North America White Biotech Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 43 Europe White Biotech Market Outlook, By Country (2020-2028) ($MN)
- Table 44 Europe White Biotech Market Outlook, By Product (2020-2028) ($MN)
- Table 45 Europe White Biotech Market Outlook, By Biopolymers (2020-2028) ($MN)
- Table 46 Europe White Biotech Market Outlook, By Biofuels (2020-2028) ($MN)
- Table 47 Europe White Biotech Market Outlook, By Biochemicals (2020-2028) ($MN)
- Table 48 Europe White Biotech Market Outlook, By Industrial Enzymes (2020-2028) ($MN)
- Table 49 Europe White Biotech Market Outlook, By Other Products (2020-2028) ($MN)
- Table 50 Europe White Biotech Market Outlook, By End User (2020-2028) ($MN)
- Table 51 Europe White Biotech Market Outlook, By Electronics and Semiconductor (2020-2028) ($MN)
- Table 52 Europe White Biotech Market Outlook, By Consumer Goods And Services (2020-2028) ($MN)
- Table 53 Europe White Biotech Market Outlook, By Healthcare (2020-2028) ($MN)
- Table 54 Europe White Biotech Market Outlook, By Agriculture (2020-2028) ($MN)
- Table 55 Europe White Biotech Market Outlook, By Hospitality & Tourism (2020-2028) ($MN)
- Table 56 Europe White Biotech Market Outlook, By Automotive (2020-2028) ($MN)
- Table 57 Europe White Biotech Market Outlook, By Automation and Process Control (2020-2028) ($MN)
- Table 58 Europe White Biotech Market Outlook, By Aerospace And Defense (2020-2028) ($MN)
- Table 59 Europe White Biotech Market Outlook, By Food and Beverage (2020-2028) ($MN)
- Table 60 Europe White Biotech Market Outlook, By Chemicals & Materials (2020-2028) ($MN)
- Table 61 Europe White Biotech Market Outlook, By Energy and Resources (2020-2028) ($MN)
- Table 62 Europe White Biotech Market Outlook, By Information Technology (2020-2028) ($MN)
- Table 63 Europe White Biotech Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 64 Asia Pacific White Biotech Market Outlook, By Country (2020-2028) ($MN)
- Table 65 Asia Pacific White Biotech Market Outlook, By Product (2020-2028) ($MN)
- Table 66 Asia Pacific White Biotech Market Outlook, By Biopolymers (2020-2028) ($MN)
- Table 67 Asia Pacific White Biotech Market Outlook, By Biofuels (2020-2028) ($MN)
- Table 68 Asia Pacific White Biotech Market Outlook, By Biochemicals (2020-2028) ($MN)
- Table 69 Asia Pacific White Biotech Market Outlook, By Industrial Enzymes (2020-2028) ($MN)
- Table 70 Asia Pacific White Biotech Market Outlook, By Other Products (2020-2028) ($MN)
- Table 71 Asia Pacific White Biotech Market Outlook, By End User (2020-2028) ($MN)
- Table 72 Asia Pacific White Biotech Market Outlook, By Electronics and Semiconductor (2020-2028) ($MN)
- Table 73 Asia Pacific White Biotech Market Outlook, By Consumer Goods And Services (2020-2028) ($MN)
- Table 74 Asia Pacific White Biotech Market Outlook, By Healthcare (2020-2028) ($MN)
- Table 75 Asia Pacific White Biotech Market Outlook, By Agriculture (2020-2028) ($MN)
- Table 76 Asia Pacific White Biotech Market Outlook, By Hospitality & Tourism (2020-2028) ($MN)
- Table 77 Asia Pacific White Biotech Market Outlook, By Automotive (2020-2028) ($MN)
- Table 78 Asia Pacific White Biotech Market Outlook, By Automation and Process Control (2020-2028) ($MN)
- Table 79 Asia Pacific White Biotech Market Outlook, By Aerospace And Defense (2020-2028) ($MN)
- Table 80 Asia Pacific White Biotech Market Outlook, By Food and Beverage (2020-2028) ($MN)
- Table 81 Asia Pacific White Biotech Market Outlook, By Chemicals & Materials (2020-2028) ($MN)
- Table 82 Asia Pacific White Biotech Market Outlook, By Energy and Resources (2020-2028) ($MN)
- Table 83 Asia Pacific White Biotech Market Outlook, By Information Technology (2020-2028) ($MN)
- Table 84 Asia Pacific White Biotech Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 85 South America White Biotech Market Outlook, By Country (2020-2028) ($MN)
- Table 86 South America White Biotech Market Outlook, By Product (2020-2028) ($MN)
- Table 87 South America White Biotech Market Outlook, By Biopolymers (2020-2028) ($MN)
- Table 88 South America White Biotech Market Outlook, By Biofuels (2020-2028) ($MN)
- Table 89 South America White Biotech Market Outlook, By Biochemicals (2020-2028) ($MN)
- Table 90 South America White Biotech Market Outlook, By Industrial Enzymes (2020-2028) ($MN)
- Table 91 South America White Biotech Market Outlook, By Other Products (2020-2028) ($MN)
- Table 92 South America White Biotech Market Outlook, By End User (2020-2028) ($MN)
- Table 93 South America White Biotech Market Outlook, By Electronics and Semiconductor (2020-2028) ($MN)
- Table 94 South America White Biotech Market Outlook, By Consumer Goods And Services (2020-2028) ($MN)
- Table 95 South America White Biotech Market Outlook, By Healthcare (2020-2028) ($MN)
- Table 96 South America White Biotech Market Outlook, By Agriculture (2020-2028) ($MN)
- Table 97 South America White Biotech Market Outlook, By Hospitality & Tourism (2020-2028) ($MN)
- Table 98 South America White Biotech Market Outlook, By Automotive (2020-2028) ($MN)
- Table 99 South America White Biotech Market Outlook, By Automation and Process Control (2020-2028) ($MN)
- Table 100 South America White Biotech Market Outlook, By Aerospace And Defense (2020-2028) ($MN)
- Table 101 South America White Biotech Market Outlook, By Food and Beverage (2020-2028) ($MN)
- Table 102 South America White Biotech Market Outlook, By Chemicals & Materials (2020-2028) ($MN)
- Table 103 South America White Biotech Market Outlook, By Energy and Resources (2020-2028) ($MN)
- Table 104 South America White Biotech Market Outlook, By Information Technology (2020-2028) ($MN)
- Table 105 South America White Biotech Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 106 Middle East & Africa White Biotech Market Outlook, By Country (2020-2028) ($MN)
- Table 107 Middle East & Africa White Biotech Market Outlook, By Product (2020-2028) ($MN)
- Table 108 Middle East & Africa White Biotech Market Outlook, By Biopolymers (2020-2028) ($MN)
- Table 109 Middle East & Africa White Biotech Market Outlook, By Biofuels (2020-2028) ($MN)
- Table 110 Middle East & Africa White Biotech Market Outlook, By Biochemicals (2020-2028) ($MN)
- Table 111 Middle East & Africa White Biotech Market Outlook, By Industrial Enzymes (2020-2028) ($MN)
- Table 112 Middle East & Africa White Biotech Market Outlook, By Other Products (2020-2028) ($MN)
- Table 113 Middle East & Africa White Biotech Market Outlook, By End User (2020-2028) ($MN)
- Table 114 Middle East & Africa White Biotech Market Outlook, By Electronics and Semiconductor (2020-2028) ($MN)
- Table 115 Middle East & Africa White Biotech Market Outlook, By Consumer Goods And Services (2020-2028) ($MN)
- Table 116 Middle East & Africa White Biotech Market Outlook, By Healthcare (2020-2028) ($MN)
- Table 117 Middle East & Africa White Biotech Market Outlook, By Agriculture (2020-2028) ($MN)
- Table 118 Middle East & Africa White Biotech Market Outlook, By Hospitality & Tourism (2020-2028) ($MN)
- Table 119 Middle East & Africa White Biotech Market Outlook, By Automotive (2020-2028) ($MN)
- Table 120 Middle East & Africa White Biotech Market Outlook, By Automation and Process Control (2020-2028) ($MN)
- Table 121 Middle East & Africa White Biotech Market Outlook, By Aerospace And Defense (2020-2028) ($MN)
- Table 122 Middle East & Africa White Biotech Market Outlook, By Food and Beverage (2020-2028) ($MN)
- Table 123 Middle East & Africa White Biotech Market Outlook, By Chemicals & Materials (2020-2028) ($MN)
- Table 124 Middle East & Africa White Biotech Market Outlook, By Energy and Resources (2020-2028) ($MN)
- Table 125 Middle East & Africa White Biotech Market Outlook, By Information Technology (2020-2028) ($MN)
- Table 126 Middle East & Africa White Biotech Market Outlook, By Other End Users (2020-2028) ($MN)
