White Biotechnology Market is Estimated to Witness High Growth Owing to Rising Demand for Renewable Resources

White Biotechnology Market


 White biotechnology focuses on utilizing biological processes based on microorganisms such as yeast, bacteria and fungi or plant-based biosystems for industrial purposes. It involves the use of microorganisms and enzymes for the manufacturing of renewable fuels, power generation, foods and food additives, and materials like bioplastics. White biotechnology reduces the dependency on depleting fossil fuel resources and helps achieve environmental sustainability goals.


The global white biotechnology market is estimated to be valued at US$ 312.17 Bn in 2023 and is expected to exhibit a CAGR of 22% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

Rising demand for renewable resources has been a key driver propelling the growth of the white biotechnology market. With depleting fossil fuel reserves and increasing environmental concerns, industries are focusing on replacing chemical processes with environment-friendly, renewable biological processes. White biotechnology provides sustainable solutions for manufacturing chemicals, materials and fuels from renewable feedstocks like plant matter instead of petroleum. This reduces carbon footprint and dependence on non-renewable oil reservoirs.

Additionally, technological advancements have facilitated large-scale production of industrial enzymes, which are extensively utilized in white biotechnology. Novel enzyme engineering techniques have enabled designing robust enzymes that can function optimally under different industrial conditions. Sophisticated enzyme screening methods also aid in identifying new enzymes from environmental samples. These advancements have increased the repertoire of industrial enzymes and expanded their applications in various industries.

SWOT Analysis
Strength: White biotechnology leverages renewable feedstocks and environmentally friendly processes to produce industrial goods and services. It helps reduce dependency on petrochemicals and limits carbon emissions. The production processes do not generate toxic byproducts.

Weakness: Initial investment required for R&D and setting up industrial units is high owing to newness of the technology. Convincing investors about long-term benefits may be challenging. Dependence on availability of agricultural residues and biological waste as raw material can affect continuous production.

Opportunity: Growing global focus on sustainability and circular economy presents an opportunity for white biotechnology products and services. Demand for green chemicals and materials is increasing from industries like textiles, packaging and construction. Several governments provide funding and subsidies to support R&D and commercialization in this sector.

Threats: Slow pace of technology adoption compared to conventional methods poses a threat. Competition from established petrochemical companies can affect profit margins of white biotech startups. Stringent regulatory norms for new products may delay market entry. Dependency on nature for raw materials exposes to risks of climate change impacts.

Key Takeaways

The Global White Biotechnology Market Demand is expected to witness high growth over the forecast period supported by policy push for a bio-based economy.

Regional analysis: Asia Pacific region is projected to be the fastest growing market for white biotechnology. Countries like China, India, South Korea are emphasizing on building domestic capabilities through funding for academic research and industry academia collaborations. China has emerged as a key manufacturing hub for several white biotech products.

Key players: Key players operating in the white biotechnology market are EveryoneSocial, Hootsuite, Sociabble, PostBeyond, Dynamic Signal, Sociabble, MarketBeam, Bambu by Sprout Social, Influitive, GaggleAMP, Rallyware, Ambassify and DrumUp. They are focused on expanding product portfolios and global footprint through collaborations.

For more details on the report, Read- https://www.ukwebwire.com/white-biotechnology-market-growth-demand-and-overview/

Comments

Post a Comment

Popular posts from this blog

The Notchback Market is Estimated To Witness High Growth Owing To Rising Demand From Emerging Economies

Image
  Notchback Market Market Overview: A notchback is a body style of cars characterized by a gently sloped rear window and greenhouse. Notchbacks provide practical interior space with good cargo capacity. They offer balanced interior volume for passengers and cargo along with sleek and stylish exterior design. The body style has advantages like no C-pillar which enhances visibility compared to sedans. Market key trends: The growth of the notchback market is attributed to rising demand from emerging economies like China, India and Brazil. These nations have growing middle-class population and increasing disposable income which is driving vehicle ownership. Moreover, notchback body style is quite popular in these developing markets due to its spacious cabin combined with stylish looks at affordable prices. Leading automakers are launching various notchback models to cater to the surging demand from developing countries, which is fueling the growth of the notchback market size during ...
Read more

The increasing demand for adhesives and sealants is anticipated to open up the new avenue for Petroleum Resins Market

Image
Petroleum Resins Market  Market Overview: Petroleum resins are amorphous thermoplastic polymers made from petroleum-based feedstock materials, through either thermal or catalytic polymerization. They are mainly used for applications such as adhesives, inks, paints, rubber compounding, and others. Different types of petroleum resins include C5 resins, C9 resins, hydrogenated hydrocarbons (HHCs), and modified and specialized petroleum resins. Among applications, adhesives and sealants hold the largest share in the petroleum resins market owing to increasing use of petroleum resins in hot melt and pressure sensitive adhesives. Market Dynamics: The increasing demand for adhesives from packaging and construction industries is a major driver for the petroleum resins market. According to statsista, the global adhesive market was valued at over US$ 53.3 billion in 2020 and is projected to reach around US$ 78 billion by 2027, growing at a CAGR of over 5.7% during the forecast period. Pe...
Read more

Global Synthetic Biology Market Analysis: Size and Share

Image
Synthetic Biology Market  Synthetic biology encompasses the design, construction, and redesigning of biological parts, devices, and systems, either non-existent in nature or reengineered from existing biological systems. The market is experiencing significant growth, driven by the increasing demand for personalized medicine and healthcare. Applications of synthetic biology span pharmaceuticals, chemical production, agriculture, environmental protection, and renewable energy. Advancements in synthetic biology contribute to the rapid manufacturing of biotherapeutics, fostering the development of personalized medicine and more cost-effective healthcare solutions. The Synthetic Biology Market is projected to be valued at US$ 31,693.59 million in 2023, with an expected CAGR of 28% during the forecast period from 2023 to 2030, according to a newly published report by Coherent Market Insights. Key Market Trends: A prominent trend in the Global Synthetic Biology Market is the escalat...
Read more