Report Hive Research adds a new study titled “White Biotechnology Market Report” to its research database. Delivering in-depth insights, the report discusses recent trends, market drivers, applications, restraints, opportunities, and growth prospects of the global White Biotechnology Market forecasted from 2019to 2024. Besides, it also includes vital information related to future strategies, acquisitions and mergers, market footprint, financial positions, supply chain trends, innovations, and key developments.

Market Overview:

Traditionally, biotechnology uses a variety of microbial and natural metabolic pathways to enable the commercial production of a wide range of products. In the past, these natural products were not used in a wide range of industries or were only used in niche markets. However, as of today, many industries are starting to use these products to comply with various environmental standards and thereby are expected to boost white biotechnology market demand over the coming years.

Growing consumer demand for green chemicals in developed regions like North America and Europe are leading manufacturers to use white biotechnology processes instead of traditional chemical manufacturing. In addition, the increasing demand from various consumer industries, including automobiles and consumer goods to meet sustainability goals, is expected to stimulate White biotechnology market trends during the forecast period.

White biotechnology processes are cost-competitive due to their low-cost requirements, relatively few production steps, low energy needs, and low waste by-products, as opposed to many chemical processes based primarily on the use of fossil fuels.  In addition, the technology does not compete with the prices of oil and crops, so it is immune to price fluctuations, unlike fossil fuels. The aforementioned benefits are collectively expected to boost the white biotechnology market growth over the forecast period.

The global White Biotechnology Market is projected to continue a healthy growth trajectory, growing at an estimated CAGR of X.X% in terms of value during forecast period. For more details, please order a sample report from the link below or simply get in touch with one of our sales executives.

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Key Players discussed in this report:

·       BASF

·       Cargill

·       DuPont

·       Novozymes

·       Archer Daniels Midland

·       BioAmber

·       Borregaard

·       Codexis

·       Evolva

·       Fermentalg

·       GEVO

Market Segmentation covered in this Report:

By Industry Segmentation

·       Food and feed additives

·       Bioenergy

By regions:

·       North America Country (United States, Canada)

·       South America

·       Asia Country (China, Japan, India, Korea)

·       Europe Country (Germany, UK, France, Italy)

·       Other Country (Middle East, Africa, GCC)