White Biotechnology Market Is Anticipated To Witness High Growth Owing To Rising Concern Related To Environmental Pollution

White Biotechnology Market

White biotechnology, also known as industrial biotechnology, refers to technology that uses living systems such as microorganisms to develop industrial processes and products in a more sustainable manner, including manufacturing of renewable chemicals, biomaterials and biofuels. The products manufactured using white biotechnology have various advantages such as sustainability, eco-friendliness and cost efficiency. With surging concerns regarding pollution caused by traditional manufacturing processes, there is a rising demand for green and sustainable alternatives. The global white biotechnology market is estimated to be valued at US$ 359.62 Bn in 2024 and is expected to exhibit a CAGR of 22.% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the white biotechnology are EveryoneSocial, Hootsuite, Sociabble, PostBeyond, Dynamic Signal, Sociabble, MarketBeam, Bambu by Sprout Social, Influitive, GaggleAMP, Rallyware, Ambassify, DrumUp, SocialChorus, Speakap, PostBeyond, Dynamic Signal, Sociabble and Bambu, Influitive. These players are focusing on new product launches and partnerships to expand their market share.

For instance, in 2021, EveryoneSocial launched Storyflow Media to help PR and marketing teams easily promote earned media coverage.

The key opportunities in the White Biotechnology Market Demand include growing demand for renewable chemicals and materials from end-use industries like food and beverage, textiles and pharmaceutical. The market players are investing heavily in R&D to develop new sustainable product lines catering to industrial and consumer needs.

The market is also witnessing significant expansion in regions like North America, Europe and Asia Pacific due to implementation of stringent environmental regulations and availability of funding for innovative green projects. Countries like US, Germany, China and India are emerging as major hubs of white biotechnology research and production facilities.

Market Drivers

The major driver for the white biotechnology market is the growing demand for eco-friendly products from various end-use industries. White biotechnology helps in developing sustainable alternatives for petroleum-based chemicals, plastics, fuels and other materials in an environmentally benign way. This significantly reduces pollution levels.

Market restrain

High initial investment required for setting up white biotechnology plants and R&D activities is a major challenge. Also, lack of standardization in regulations is restraining the market growth.

Segment Analysis

This market is comprised of two major sub-segments - Biofuels and Bio-based chemicals. The biofuels segment is currently dominating and accounts for over 60% of the total market share. This is because of the high demand for eco-friendly fuels and energy sources across various industries like automotive, aviation etc. Ethanol produced from grains is the largest and most established type of biofuel globally. The application of cellulosic ethanol and biogas is also increasing owing to the abundant availability of feedstock like agricultural waste, energy crops and municipal waste.

The bio-based chemicals sub-segment involves producing industrial chemicals like organic acids, amino acids, biopolymers etc. from renewable feedstocks. Lactic acid holds the major share under bio-based chemicals as it is used in many applications ranging from food additives and pharmaceuticals to personal care products. Polylactic acid or PLA is a fast emerging biopolymer used to manufacture biodegradable plastics. Increased regulation on single-use plastics is further driving the adoption of such bio-based alternatives.

Global Analysis

Europe dominates the current white biotechnology market with over 35% revenue share. Government schemes and initiatives promoting bioeconomy in countries like Germany, France, Netherlands etc. have boosted foreign investments and R&D activities in the region. Asia Pacific is projected to grow at the fastest pace during the forecast period owing to rising biofuel production and bioplastics industry in countries like China, India and South Korea. This is a result of supportive policies backing sustainable development and adoption of cleaner technologies. North America also represents a sizable portion of the market led by United States. Availability of skilled workforce and presence of leading players have made the region an innovation hub in synthetic biology and industrial biotechnology.

Get more insights, On White Biotechnology Market

Check more trending articles related to this topic: Calcium Formate Market