Transparency Market Research Reports included a detailed market survey and analysis trends on “White Biotechnology Market”. This report also includes more info about basic overview of the industry including definitions, applications and global market industry structure.
White biotechnology often known as industrial biotechnology is used for applications in processing and production of materials, energy and chemicals. White biotechnology uses microbes and enzymes to produce products in the field of chemistry, paper & pulp, energy, textiles, pharmaceutical, bio-plastics, bio-polymer and personal care industries.
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Government regulations specific to green products and rising demand for green products from chemical industry are expected to drive the market. Governments in developed countries are forcing companies to use bio-based products as they are eco-friendly and have no waste. Further, volatility in crude oil prices and supply is expected to drive the white biotechnology market as bio-based products are being developed. In addition factors such as low carbon emissions and fast rate of technology development are expected to fuel the market. However the cost of technology and genetically modified organisms related issues are expected to hamper the market growth. Growing applications of white biotechnology in development of biomaterials, bio-composite and bio-plastics is expected to provide immense opportunities for the players in this market. Bio-diesel is used as a raw material for synthesis of polymers, resins, and other chemical materials, which is expected to fuel the market in the near future.
North America region had the largest share in white biotechnology market owing to rising demand of green products and government support for research and development activities. Government and big companies are funding the research in biotechnology field to develop new technologies which are eco-friendly. Asia Pacific was the second largest contributor of this market, with rise in awareness of eco-friendly products and acceptance of biologically synthesized products. Europe was the growing with slower pace and is expected to remain slow growing in the near future.
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