In India, Key Market Insights published a report forecasting the biotechnology market focusing on biochemical, biomaterial, biofuel and bioproducts industries to 2021. The report forecasts that rising consumer demand for green chemicals is helping to increase renewable biochemicals technologies and production, more so than traditional chemicals. Sustainability targets by automotive and consumer goods sectors are also responsible for the forecasted increase in fuel technology. Biofuels led the biotech market in 2015 at 38.16% of the share, but they see other applications in pharmaceuticals, food and feed, paper, energy, and textiles to increase market share in the coming years.
Latest article
Ajinomoto combines two biotech ingredients in futuristic latte
In Singapore, iced lattes made from beanless coffee and cow-free proteins pulled from air will be available shortly in a preview at the country’s...
San Fran hotspot Fiorella hosts Mission Barns’ first cultivated pork sale
In California, cultivated meat maker Mission Barns has sold its pork for the first time at an exclusive dinner at San Francisco hot spot...
Uluu raises $10.4M to scale seaweed-based plastic
In Australia, seaweed-based plastic startup Uluu has raised AU$16 million (US$10.4 million) to build a demonstration plant to prove the viability of its technology.
Uluu’s...