Rising demand for bio-based goods and chemicals is also driving market revenue growth.
The global Bioprocess Technology Market size was USD 44.01 Million in 2022 and is expected to reach USD 88.9 Million in 2032, and register a revenue CAGR of 9.2% during the forecast period. Growing environmental concerns, expanding demand for bio-based goods and chemicals, and rising demand for renewable and sustainable energy sources are some of the major factors driving market revenue growth.
Rising need for renewable and sustainable energy sources is one of the major factor driving revenue growth of the market. Demand for biofuels and biogas is being driven by the global focus on lowering carbon emissions and switching to cleaner energy sources. Throughout the forecast period, market revenue growth is expected to be aided by growing use of bioprocessing in the creation of biofuels and biogas.
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Major Companies:
- Thermo Fisher Scientific Inc.
- Danaher Corporation
- Sigma-Aldrich Corporation
- General Electric Company
- 3M Company
- Becton, Dickinson and Company
- Sartorius AG
- Merck KGaA
- Agilent Technologies, Inc.
- Bio-Rad Laboratories, Inc.
Key questions addressed in the report:
- What is the expected market size of the global Bioprocess Technology market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Bioprocess Technology market?
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Bioprocess Technology Market Segmentation:
By Product Type Outlook:
- Equipment
- Services
- Consumables
By Application Outlook:
- Pharmaceuticals
- Food & Beverages
- Biofuels
- Biopharmaceuticals
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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