Industrial Bioprocessing Market
Industrial Bioprocessing Market was valued at US$ 17,296.4 Mn in 2020 and is expected to register a CAGR of 15.2% during the forecast period (2021-2031). It is projected to generate a revenue of US$ 81,215.7 Mn by the end of 2031.
Increasing demand for bio-based goods has led to significant expansion in the global industrial bioprocessing industry over the past few years. Manufacturing of foods, medications, nutraceuticals, chemicals, and polymers are all included in industrial bioprocessing. Environmental friendliness and non-toxicity are two benefits of bio-based products. Over the next seven years, it is anticipated that the trend toward producing industrial bio-based products like specialty chemicals, pharmaceuticals, fuels, and chemical feedstock through biological sources will have a positive effect on the global industrial bioprocessing market. Through bioprocessing, value-added products can be made from sustainable sources like vegetable oils and fatty acids. As a result of fluctuating petroleum prices, companies have shifted their demand toward bio-based goods. Over the forecast, this tendency is anticipated to complement market expansion.
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Industrial Bioprocessing Market: Segment Analysis
Global Industrial Bioprocessing Market: By Type
Upstream Bioprocessing
Downstream Bioprocessing
Global Industrial Bioprocessing Market: By Application
Food
Medical
Pharmaceuticals and Nutraceuticals
Chemicals
Fuels
Other
Global Industrial Bioprocessing Market: Key Players
BD Biosciences
BioPharm International
GE Healthcare
Thermo Fisher Scientific
Danaher Corporation
Sartorius Stedim Biotech
Merck Millipore
3M Company
Eppendorf AG
Finesse Solutions
Applikon Biotechnology B.V.
Cesco Bioengineering
Key Regions & Countries
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Physiotherapy Devices market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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