The Business Research Company’s Synthetic Biology Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Synthetic Biology Global Market Report 2023 evaluates synthetic biology market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global synthetic biology market is expected to grow from $ 33,492.2 million in 2026 at a rate of 27.0%. The global synthetic biology market size is then expected to grow at a CAGR of 16.4% from 2026 and reach $71,709.6 million in 2031.
The increase in demand for genetically modified crops due to the surging population is also driving the global synthetic biology market. GMOs are genetically modified, which means that the organism’s natural DNA has been altered in a lab by artificial human interference (as opposed to intervention through crossbreeding, which used to be the only way to manipulate organisms to get desired characteristics). For example, in 2022, according to the center for food safety, currently, 94% of cotton, 94% of soybeans, and up to 92% of corn in the United States are genetically modified (GE) (cottonseed oil is often used in food products). According to estimates, up to 75% of processed items on store shelves, including soda, soup, crackers, and sauces, include ingredients that were genetically modified. Therefore, an increase in demand for genetically modified crops for supporting synthetic biology will promote the growth of the market.
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The synthetic biology market segments in the report are:
1) By Technology: Nucleotide Synthesis And Sequencing; Bioinformatics; Microfluidics; Genetic Engineering
2) By Application: Pharmaceuticals And Diagnostics; Chemicals; Biofuels; Bioplastics; Other Application
3) By Product Type: Oligonucleotides; Enzymes; Cloning And Assembly Kits; Xeno-Nucleic Acids (XNA); Chassis Organism
The table of contents in TBRC’s synthetic biology market report includes:
1.Executive Summary
2.Table of Contents
3.List of Figures
4.List of Tables
5.Report Structure
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- Company Profiles
- Key Mergers and Acquisitions
- Global Synthetic Biology Market Opportunities And Strategies
22.Synthetic Biology Market, Conclusions And Recommendations
23.Appendix
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