Industrial Biotechnology Market Size is HIt USD 365.08 Billion at a CAGR of 9.9% by 2030 | Reports and Data

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

The global 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, 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 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.

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