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White Biotechnology Market is predicted to reach USD 389.69 billion at a CAGR of 5% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global White Biotechnology Market”.


The White Biotechnology market is estimated to register a CAGR of 5.00% during the forecast period of 2024 to 2032.


MRFR recognizes the following companies as the key players in the global White Biotechnology market— EUCODIS Bioscience GmbH, Dupont De Nemours Inc., Koninklijke DSM NV, BASF SE, Evonik Industries AG, Lonza Group Ltd, Laurus Labs, Corbion NV, Novozymes, and Archer Daniels Midland Company.


White Biotechnology Market Highlights


The global White Biotechnology market is accounted to register a CAGR of 5.00% during the forecast period and is estimated to reach USD 389.69 billion by 2032.


The white biotechnology market is growing due to increasing environmental issues around the world, including resource depletion and climate change. Demand for sustainable solutions is rising as sectors come to terms with their part in these problems. Due to factors such as increasing population density, limited agricultural area, tiny landholdings, and decreasing soil fertility, bio-crop production status could soon be lost. Furthermore, the fertility of agricultural areas has decreased due to misuse and poor application of fertilizers to crops.


Segment Analysis


The global White Biotechnology market has been segmented based on Type and Application.


On the basis of Type, the market is segmented into Biofuels, Biomaterials, Biochemicals, and Industrial Enzymes. The Biochemicals segment was attributed to holding the largest market share in 2023. With businesses placing more attention on reducing their carbon footprints and transitioning to sustainable practices, the need for bio-based chemicals has increased.


Based on Application, the global White Biotechnology market has been segmented into Bioenergy, Pharmaceuticals, Food and Beverages, Feed, and Other Applications. The Bioenergy segment was expected to hold the largest market share in 2023. Bioenergy is becoming more and more in demand as businesses look to use greener energy sources and lessen their carbon footprint.


Access full details on White Biotechnology Market Research Report 


Regional Analysis


The global White Biotechnology market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe White Biotechnology market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The White Biotechnology market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World White Biotechnology market comprises the Middle East, Africa, and Latin America.


The largest market share for White Biotechnology was maintained by the North American regional sector. This can be attributed to several factors, including the existence of reputable biotechnology businesses, substantial R&D expenditures, and supportive policies from the government that support environmentally friendly and sustainable solutions. The need for white biotechnology in a variety of industries, including energy, medicines, and agriculture, is being driven by the region's strong emphasis on environmental sustainability.


Moreover, Europe is a significant market for white biotechnology because of its strict environmental restrictions and strong focus on sustainable development. The area offers a strong regulatory framework and a well-established infrastructure for biotechnology research and development. The usage of bio-based goods in industries including chemicals, food and beverage, and pharmaceuticals has been actively promoted by European nations. The European Union's efforts to promote a circular economy and the growing use of biofuels and bioplastics are anticipated to propel the development of white biotechnology.


Additionally, the market for white biotechnology is being driven by the region's vast population, rising disposable income, and growing awareness of sustainable practices. Furthermore, nations such as China and India have made significant investments in R&D, which has stimulated innovation and technological progress in the white biotechnology industry. White biotechnology is expanding throughout Asia Pacific as a result of several factors, including the region's fast industrialization and growing need for ecologically friendly solutions.


Furthermore, the rest of the world's White Biotechnology market is divided into the Middle East, Africa, and Latin America. As environmental pollution worries grow, the region is turning to sustainable and renewable energy sources.


Key Findings of the Study



  • The global White Biotechnology market is expected to reach USD 389.69 billion by 2032, at a CAGR of 5.00% during the forecast period.

  • The Asia-Pacific region accounted for the fastest-growing global market due to rising disposable income and growing awareness of sustainable practices.

  • Based on Application, the Bioenergy segment was attributed to holding the largest market in 2023.

  • EUCODIS Bioscience GmbH, Dupont De Nemours Inc., Koninklijke DSM NV, BASF SE, Evonik Industries AG, Lonza Group Ltd, Laurus Labs, Corbion NV, Novozymes, and Archer Daniels Midland Company are the key market players.

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Companies Covered 15
Pages 128
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