The White Biotechnology Global Market Report 2023, provides comprehensive information on the white biotechnology market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s White Biotechnology Global Market Report 2023, the global white biotechnology market size is expected to grow from $347.59 billion in 2022 to $385.13 billion in 2023 at a compound annual growth rate (CAGR) of 10.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The white biotechnology market size is expected to grow to $555.54 billion in 2027 at a CAGR of 9.5%.
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Technological advancements have emerged as a key trend gaining popularity in the white biotechnology market. The market has witnessed the use of new and advanced technologies platform such as co-polymer and precise platform which are based on biotechnological applications and aiding in discovering remarkable items. Major companies operating in the white biotechnology market are focused on such discoveries to sustain their position in the market. For instance, in June 2020, Evonik Industries, a Germany-based specialty chemicals company, launched RESOMER® Precise. It is a customized functional excipient platform that allows researchers to precisely tailor the release profile of parenteral medicinal solutions. It is compatible with more than 20 high and low molecular weight polymers.
The white biotechnology market is segmented:
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
North America was the largest region in the white biotechnology market in 2022.
The table of contents in TBRC’s white biotechnology market report includes:
1. Executive Summary
2. White Biotechnology Market Characteristics
3. White Biotechnology Market Trends And Strategies
4. White Biotechnology Market – Macro Economic Scenario
5. White Biotechnology Market Size And Growth
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26. Africa White Biotechnology Market
27. White Biotechnology Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The White Biotechnology Market
29. White Biotechnology Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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