What Is Expected Of The White Biotechnology Market in terms of Size And Growth?
The white biotechnology market size witnessed significant growth in recent years and is poised to grow from $425.76 billion in 2024 to $468.85 billion in 2025 at a compound annual growth rate (CAGR) of 10.1%. This growth during the historic period can be attributed to cost competitiveness and economic viability, reduced reliance on fossil fuels, consumer demand for sustainability, investment in research and development, and circular economy initiatives. The market size is expected to reach $701.22 billion in 2029 at a compound annual growth rate (CAGR) of 10.6% driven by global shift towards renewable energy, funding growth and focus on circular economy and waste reduction.
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What Are The Key Factors Driving The White Biotechnology Market Growth?
One of the significant drivers propelling the growth of the white biotechnology market is the escalating demand for biofuels. Biofuels, a type of renewable energy made from biological sources, are becoming increasingly popular and white biotechnology is used for their sustainable synthesis. According to a report by the International Energy Agency (IEA), the production of biodiesel worldwide is set to increase from 45.7 billion liters in 2021 to 47.4 billion liters in 2022. This increasing demand for biofuels, therefore, is a major driving factor for the white biotechnology market.
What Are the Major Segments in the Global White Biotechnology Market?
The white biotechnology market covered in this report is segmented into:
1) By Product Type: Biofuels, Biomaterials, Biochemicals, Industrial Enzymes
2) By Application Type: Bioenergy, Food And Feed Additives, Pharmaceutical Ingredients, Personal Care And Household Products, Other Applications
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Who Are The Major Players In The White Biotechnology Market?
There are several key companies operating in the white biotechnology market, including Novozyme A/S., Koninklijke DSM N.V., BASF SE., Du Pont Danisco., Amyris Inc., Henkel AG & Co. KGaA., Kaneka Corporation., Biosphere Corporation., Fujifilm Holdings Corporation., General Electric Company., Bayer AG., Evonik Industries AG., Evolva Holding., EUCODIS Bioscience GmbH., Lonza Group Ltd., Laurus Labs., Borregaard ASA., Codexis Inc., Deinove SA., Fermentalg SA., Gevo Inc., Global Bioenergies SA., Metabolic Explorer SA., Oligomerix Inc., immatics biotechnologies GmbH., Neurimmune Therapeutics AG., AkzoNobel N.V.
What Are The Emerging Trends In The White Biotechnology Market?
Technological advancements are a significant trend in the white biotechnology market. Companies are utilizing technology platforms like co-polymer and precise platforms for discovering remarkable items. For instance, International Flavors & Fragrances Inc., launched Designed Enzymatic Biomaterials (DEB) technology, a Biomaterials technology platform to deliver sustainable biopolymers, allowing manufacturers to adapt to changing market needs and regulatory shifts.
Which Region Leads in the White Biotechnology Market?
North America was the largest region in the white biotechnology market in 2024. The report covers white biotechnology market trends across Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The White Biotechnology Market Report 2025 Offer?
White biotechnology, also known as environmental biotechnology, is the application of biotechnology for environmentally-friendly synthesis of biochemicals, biomaterials, and biofuels from renewable resources using live cells and/or their enzymes. The White Biotechnology Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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