IMARC Group has recently released a new research study titled “Industrial Microbiology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the industrial microbiology market?
The global industrial microbiology market size reached US$ 10.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.0 Billion by 2028, exhibiting a growth rate (CAGR) of 6.5% during 2023-2028.
What is industrial microbiology?
Industrial microbiology, or microbial biotechnology, is a branch of applied microbiology which utilizes industrial processes and manipulated microorganisms to produce drugs, chemicals, and fuels. It is also used for replacing fossil fuels, non-biodegradable plastics, and high-polluting chemical procedures with biocompatible substitutes. Industrial microbiology mainly adopts two forms of approaches, which include fermentation and microorganism exploitation. The fermentation process involves aging of the commodities, whereas microorganism treatment is applied to treat waste materials.
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Market Trends and Drivers:
The global industrial microbiology market is primarily being driven by increasing shift toward the improvement of industrial automation, safety and hygiene. The widespread application of industrial microbiology in the pharmaceutical industry is further contributing to the market growth. It enabled pharmacists to produce medicines either directly or by using other products with microorganisms. Other than this, the escalating demand for high-quality consumer products has led to the emerging need for enhanced safety and quality tests during the manufacturing process. This factor is, in turn, supporting the market growth significantly.
Who are the key players operating in the industry?
The competitive landscape of the global industrial microbiology industry has been studied in the report with the detailed profiles of the key players operating in the market.
List of Key Companies Covered in this Market Report:
- 3M Company
- Becton Dickinson and Company
- bioMérieux SA
- Bio-Rad Laboratories Inc
- Danaher Corporation
- Eppendorf AG
- Sartorius AG
- Merck KGaA
- Thermo Fisher Scientific Inc.
Competitive Analysis and Segmentation:
Key Market Segmentation:
The report has segmented the global industrial microbiology market on the basis of product, test type, end use industry and region.
Breakup by Product:
- Equipment and Systems
- Reaction Consumables
Breakup by Test Type:
- Sterility Testing
- Microbial Limits Testing
- Bio-burden Testing
- Water and Environmental Testing
Breakup by End Use Industry:
- Food and Beverages
- Pharmaceutical Biotechnology
- Cosmetic and Personal Care
- North America
- Latin America
- Middle East and Africa
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