Lucintel Forecasts White Biotechnology Market to Grow at a CAGR of 9%-12%

According to the recent study the white biotechnology market is projected to grow at a CAGR of 9%-12% from 2020 to 2026. Growth in this market is primarily driven by rising consumer demand for green chemicals and increasing growth in the biotechnology industry.

Browse XX figures / charts and XX tables in this 150-page report to understand trends, opportunities and forecast in white biotechnology market by product (biofuels, biomaterials, biochemical, and industrial enzymes), feedstock (grains & starch crops, agricultural residues, food waste, forestry material, animal by-product, energy crops, and urban & suburban waste), and application (bioenergy, food & feed additives, pharmaceutical ingredients, personal care & household products, and others), and region (North America, Europe, Asia Pacific, and Rest of the World).

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“Biofuels market is expected to remain the largest segment during the forecast period.”      

Based on product, the white biotechnology market is segmented into biofuels, biomaterials, biochemical, and industrial enzymes. Lucintel forecasts that the biofuels market is expected to remain the largest segment during the forecast period due to growing demand for biodiesel and bioethanol to improve vehicle efficiency.

“Within the white biotechnology market, the bioenergy segment is expected to remain the largest application.”  

Based on application, the bioenergy segment is expected to witness the largest segment over the forecast period due to the advantages of clean energy source and expansion of bioenergy in the energy sector.    

“North America will dominate the white biotechnology market in near future.”

North America is expected to be the largest region over the forecast period due to the rising demand for green products and chemicals from consumers and government support for R&D activities in the field of white biotechnology in the region.

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Major players of white biotechnology market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Amyris, BioAmber, Borregaard, Codexis, Deinove, Evolva, Fermentalg, Gevo, Global Bioenergies, Metabolic Explorer, Novozymes, and Solazyme are among the major White biotechnology providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/white-biotechnology-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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