Key sectors in the white biotechnology market include biofuels, biochemicals, industrial enzymes, and biomaterials, with new fields like bioremediation emerging. Advances in synthetic biology and digital tools such as machine learning are accelerating product development and market entry, driving growth from niche to large-scale industrial applications. The market is in a growth phase, buoyed by rising demand for renewable resources but challenged by high initial investment costs. Notable players include Novozymes, DuPont, BASF, and Evonik. North America is a key region, driven by government initiatives for renewable resources.
Key sectors in the white biotechnology market include biofuels, biochemicals, industrial enzymes, and biomaterials, with new fields like bioremediation emerging. Advances in synthetic biology and digital tools such as machine learning are accelerating product development and market entry, driving growth from niche to large-scale industrial applications. The market is in a growth phase, buoyed by rising demand for renewable resources but challenged by high initial investment costs. Notable players include Novozymes, DuPont, BASF, and Evonik. North America is a key region, driven by government initiatives for renewable resources.
