Brooklyn, NY -- (SBWire) -- 09/28/2017 --It sheds light on the size of the market both in terms of value and volume and on its competitive dynamics too. It also presents a qualitative analysis of the various growth drivers and restraints in the market.
The report finds that the global white biotechnology market will likely expand at a tepid 4.5% CAGR from 2016 to 2024 to become worth US$262.3 bn by 2024-end from US$178.1 bn in 2015.
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It states that big players who are related with various categories have the means to chart their trajectories decisively. Smaller players, on the other hand, try and formulate better strategies of growth in individual segments or to plan their foray into additional segments based on the level of success that they can gain from them.
The global market for white biotechnology has being bolstered on account of the rising awareness among consumers about the advantages of white biotechnology-based eco-friendly products. 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.
Based on the type of materials, the global white biotechnology market can be segmented into biochemical, biomaterial, biofuel, and bioproducts. Of them, the segment of biofuel accounted for a maximum market share of 38.16% in 2015. In the near future too, the segment will likely retain its dominant share. Based on applications, the key segments of the global white biotechnology market are pharmaceuticals, food and feed, pulp and paper, energy, and the textile sector.
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Geographically, the key segments of the market are Europe, Latin America, the Middle East and Africa, Asia Pacific, and North America. At present, North America dominates the market on account of investments by the government in the research and development in the domain of biotechnology and rising demand for green products. The market in North America accounted for a share of 35% in 2015. The growing range of applications in different industries, namely energy, food, pharmaceuticals, and feed, is also projected to boost the North America market for white biotechnology in the near future.
The white biotechnology market in Asia Pacific is also slated to grow at a cracking pace in the next couple of years on account of the demand for renewable resources from developing countries of India and China. The abundant availability of raw materials will also prove beneficial for the market in the region.
The global market for white biotechnology is consolidated in nature. Some of the prominent participants in the market are DuPont, Cargill Inc., Novozymes, BASF SE, Archer Daniels Midland Co., Lesaffre, DSM, and Corbion.
List of Tables and Figures
Figure White Biotechnology Product Scope
Figure Global White Biotechnology Market Size (Million USD) (2012-2017)
Table Global White Biotechnology Market Size (Million USD) and Growth Rate by Regions (2012-2017)
Figure Global White Biotechnology Market Share by Regions in 2016
Figure United States White Biotechnology Market Size (Million USD) and Growth Rate by Regions (2012-2017)
Figure EU White Biotechnology Market Size (Million USD) and Growth Rate by Regions (2012-2017)
Figure Japan White Biotechnology Market Size (Million USD) and Growth Rate by Regions (2012-2017)
Figure China White Biotechnology Market Size (Million USD) and Growth Rate by Regions (2012-2017)
Figure India White Biotechnology Market Size (Million USD) and Growth Rate by Regions (2012-2017)
Figure Southeast Asia White Biotechnology Market Size (Million USD) and Growth Rate by Regions (2012-2017)
Figure Global White Biotechnology Market Share by Type in 2016
Figure Biochemical Market Size (Million USD) and Growth Rate (2012-2017)
Figure Biofuel Market Size (Million USD) and Growth Rate (2012-2017)
Figure Biomaterial Market Size (Million USD) and Growth Rate (2012-2017)
Figure Bioproduct Market Size (Million USD) and Growth Rate (2012-2017)
Figure Global White Biotechnology Market Share by Application in 2016
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Small Players Foray Into Additional Segments to Grow Share in Global White Biotechnology Market
QYResearchReports.com has added a new research report to its repository, titled, “Global White Biotechnology Market Size, Status and Forecast 2022.” It studies the different facets of the market after segmenting it based on various parameters.