This report on the white biotechnology market studies the current as well as future prospects of the market globally. Environment concerns related to emission of greenhouse gases and dependence on non-renewable resources are the major challenges in the developed and developing nations.
This research report provides a detailed analysis of the white biotechnology market and helps understand the various driving factors for the growth of the market. The market overview section analyzes market dynamics and trends such as drivers, restraints, and opportunities that influence the current nature and future status of the market. Porter’s Five Forces Analysis has been covered in terms of bargaining power of buyers and suppliers, threat of new entrants and substitutes, and competitive rivalry in the global white biotechnology market. Value chain analysis and other market dynamics factors such as market attractiveness analysis have also been explained in order to deliver a thorough analysis of the overall competitive scenario of the global casting and splinting (supplies and equipment) market.
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Global White Biotechnology Market Witness Most Promising Rise in Demand:
With the increasing awareness level of consumers pertaining to the benefits of white biotechnology-based eco-friendly products, the market for white biotechnology is gaining significant traction across the world. As the governments across a number of economies is increasingly focusing on raising the level of awareness among people regarding the need for taking up greener technologies, especially white biotechnology, across a number of industries.
Funds allocated to increase the research and development activities in this area and the implementation of stringent emission regulations are encouraging industries to uptake white biotechnology products and principles. This, as a result, is reflecting greatly on the worldwide market for white biotechnology.
In 2015, the global white biotechnology market was worth US$178.1 bn. Expanding at a 4.50% CAGR between 2016 and 2024, the market is anticipated to reach US$262.3 bn by the end of the 2024.
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Biochemical, biomaterial, biofuel, and bioproducts are the key type of products available in the global white biotechnology market. In 2015, the biofuel segment led the overall market with a share of 38.16%. Researchers anticipate the demand for biofuel to remain strong throughout the period of the forecast.
White biotechnology solutions find a widespread application in the pharmaceuticals, food and feed, pulp and paper, energy, and the textile sector. Currently the demand for these solutions is significantly high in the energy sector and the scenario is likely to continue like this in the years to come.
Key Players of White Biotechnology Market Report:
A list of recommendations has been provided for new entrants as well as existing players to help establish a strong presence in the market and increase market share. The report also profiles major players in the white biotechnology market based on various attributes such as company overview, financial overview, business strategies, product portfolio, and recent developments. Major players profiled in this report include Archer Daniels Midland Company, BASF SE, Cargill, Inc., DuPont, Corbion, DSM, Novozymes, and Lesaffre.
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