White biotechnology refers to the use of numerous enzymes, microorganisms and other metabolic processes for industrial manufacturing. This technology is employed in numerous applications including biofuels, food & feed additives, personal care and household products and pharmaceuticals. Pharmaceuticals are expected to be the fastest growing application this technology is used in the manufacturing of numerous vitamins and drugs including vitamin B2. Vitamin B2 is widely employed in human food, animal feed, and cosmetics.
The use of white biotechnology for manufacturing of biobased products is expected to help achieve sustainability. It has been considered a key technology over the past few years as it offers economic as well as environmental advantages over traditional chemistry. Enzymes employed in this technology enable chemical reactions at a biological temperature as opposed to high temperatures that are required in the traditional chemical process, thus resulting in low energy costs.
The key raw materials used in the manufacturing of green & biobased solvents include corn, soybean oil, refined glycerine, and bio-succinic acid. The abundant availability of the aforementioned raw materials enables the large-scale commercial production of bio-based solvent products such as bio-alcohols, bio-glycols, and lactate esters
Instead of raw materials derived from fossil fuels, the ones employed in this technology are agricultural feedstock such as starch and their residues which in turn helps to maximize the use of crops. Also manufacturing of products using white biotechnology results in the reduction of greenhouse gas emissions, less energy consumption, reduced waste products and higher yields.
However, there are numerous issues that may hinder the complete commercialization of this technology in various end-use industries including setting favorable regulatory as well as the economic framework and development of long-term strategies.
The global market is highly fragmented, and the magnitude of competitive rivalry is expected to increase over the next few years, mainly as major manufacturers are willing to heavily invest in R&D and innovation to gain a competitive edge through the higher quality output, efficient production, and innovative portfolios.
Rising awareness among consumers regarding greenhouse gas, and environmental and human health, will translate into increased demand for products manufactured via this process over the next few years, thereby promising a profitable future for the manufacturers in the market.
In-depth report on global white biotechnology market by Grand View Research: