Rising concerns about greenhouse gas emission, high crude oil prices, and low biofuel costs are driving Europe Industrial Biotechnology market revenue growth

Europe Industrial Biotechnology Market Size – USD 365.08 Billion in 2021, Growth – at a CAGR of 9.9%, Trends – Increased investment in RD

The global Europe Industrial Biotechnology Market size is expected to reach USD 852.55 Billion in 2030 and register a revenue CAGR of 9.9% over the forecast period, according to the latest report by Reports and Data. Rise in demand for new approaches to prevent pollution, conserve resources, and increase application in biofuels is driving market revenue growth.

If fully developed, Europe Industrial Biotechnology might have a bigger global impact than medical services and agriculture biotechnology. It enables companies to minimize costs and grow their markets while still protecting the environment. Furthermore, since many Europe Industrial Biotechnology products do not require the lengthy review times that drug products must undergo, it's quicker, and easier, which is driving market revenue growth. Today, new industrial processes can be taken from lab study to commercial application in two to five years, as compared to almost a decade it took earlier.

Get a sample of the report https://www.reportsanddata.com/download-free-sample/1338

Top Companies: BASF SE, Amyris, Inc, Borregaard AS, Global Bioenergies, Codexis, Inc., Deinove SAS, Fermentalg, Evolva, Gevo, Inc., and Novozymes.

Further Key Finding from the Report Suggestion:

• In April 2020, Amgen Inc. and Adaptive Biotechnologies partnered to research and produce antibodies to combat the COVID-19 pandemic. The collaboration will combine Amgen's experience in the fields of novel antibody treatment and immunology with Adaptive's patented immune medicine platform to find virus-neutralizing antibodies and create promising new medicines against SARS-CoV-2.
• Biofuel segment accounted for largest revenue share in 2021. Fuels that have been extracted from plants and crops are known as biofuels. As prices of crude oil are soaring day by day, most people are switching to biofuels to save money and reduce their dependence on crude oil. Biofuels are produced from wheat, corn, soybeans, and sugarcane, which can be produced again and again on demand, so they are sustainable. It also helps in reducing greenhouse gases up to much extent by emitting less pollution.
• Agricultural residues segment accounted for largest revenue share in 2021. Agricultural residues are rich in bioactive compounds. Agro-industrial wastes are used for manufacturing biofuels, enzymes, vitamins, antioxidants, animal feed, antibiotics, and other chemicals through solid-state fermentation (SSF). The use of agro-industrial wastes as raw materials can help to reduce the production cost and reduce the pollution load from the environment. Such factors are contributing to growth of the segment.
• Food and feed segment is expected to register a rapid growth rate during the forecast period. Production of feed and inorganic supplements is energy-intensive and the undigested nutrients excreted by the livestock into the environment lead to pollution problems. Enzymes are capable of degrading complex components in the feed, and addition of industrially produced enzymes increases energy and nutrient value of feed and reduces emissions into the environment, thus driving segment revenue growth.

To understand how our Europe Industrial Biotechnology Market report can bring difference to your business strategy:-Download Summary 

Market Overview:

Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.

The global Europe Industrial Biotechnology Market is segmented into:

Type Outlook (Revenue, USD Billion; 2019 – 2030)

• Biofuel
• Biochemical
• Biomaterial
• Bioproduct

Raw Material Outlook (Revenue, USD Billion; 2019 – 2030)

• Grains Starch Crops
• Agricultural Residues
• Food Waste
• Forestry Material
• Animal By-product
• Energy Crops
• Urban Suburban Waste

Application Outlook (Revenue, USD Billion; 2019 – 2030)

• Food Feed
• Pharmaceuticals
• Pulp Paper
• Textile
• Bio Energy
• Others

Regional Outlook:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market?
• What kind of strategic business plans have they made?

Request a customization of the report https://www.reportsanddata.com/request-customization-form/1338

Thank you for taking the time to read our article. The report can be tailored to the needs of the client. Please contact us for more details, and our team will tailor the report to your specific requirements.

Browse More Reports:

Paraxylene (PX) Market https://www.reportsanddata.com/report-detail/paraxylene-px-market

Magnesium Oxide Market https://www.reportsanddata.com/report-detail/magnesium-oxide-market

Magnesium Chloride Market https://www.reportsanddata.com/report-detail/magnesium-chloride-market

Magnesium Stearate Market https://www.reportsanddata.com/report-detail/magnesium-stearate-market

Manganese Sulfate Market https://www.reportsanddata.com/report-detail/manganese-sulfate-marketv

About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

John W

Head of Business Development

Reports And Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

LinkedIn | Twitter | Blogs | Insights

Read the innovative blog at https://www.reportsanddata.com/blogs

Check out our upcoming research report at https://www.reportsanddata.com/upcoming-reports