The global industrial microbiology market exhibited moderate growth during 2015-2020.
Looking forward, the analyst expects the market to grow at a CAGR of around 7% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Industrial microbiology or microbial biotechnology refers to the process of manipulating microorganisms for the benefit of the environment, society, and industries. These microorganisms, which are used to produce large-scale industrial products, include naturally occurring organisms, laboratory selected mutants, and genetically modified organisms (GMO). As industrial microbiology relies on renewable resources, it assists in replacing fossil fuels, non-biodegradable plastics, and highly polluting chemical processes with biocompatible alternatives. Presently, it finds extensive application in the manufacturing of alcohols and acetone across the globe.
Industrial Microbiology Market Trends: The flourishing pharmaceutical industry represents one of the key factors strengthening the growth of the market. Industrial microbiology assists in the development of antibiotics, vaccines, and steroids. It also aids in maintaining the overall quality and preventing microbial contamination of drugs, injectables, eye drops, nasal solutions, and inhalation products. This, in confluence with the rising demand for antibiotics, is contributing to the market growth. Additionally, depleting oil resources and increasing energy demands are catalyzing the need for cost-effective and eco-friendly oil recovery technologies. Apart from this, as industrial microbiology does not require vast energy inputs and is not impacted by crude oil prices, it finds a wide array of applications in the oil and gas industry across the globe. Moreover, it is increasingly being employed in the food and beverage (F&B) industry for producing fermented food products and the conversion of industrial food wastes into value-added products. This, coupled with the technological advancements to improve productivity, enhance organoleptic characteristics, and attribute new nutritional functions to certain foods, is creating a favorable market outlook. The market is also propelled by the expanding applications of microbiology in the cosmetics and personal care industry worldwide.
Key Market Segmentation: the analyst provides an analysis of the key trends in each sub-segment of the global industrial microbiology market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on product, test type and end use industry.
Breakup by Product: Equipment and Systems Filtration Pumps and Systems Microbial Detection Systems Air Monitoring Systems Automated Equipment Incubators and Culture Apparatus Others Reaction Consumables Media Simple Media Complex Media Defined Media Specialty Media Reagents and Strains Others Laboratory Supplies Bags and Bottles Loop and Needles Petri Dishes, Racks, Seals, Plates and Holders Filtration Disc and Membranes Others
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 Agricultural Environmental Cosmetic and Personal Care Others
Breakup by Region: North America United States Canada Asia-Pacific China Japan India South Korea Australia Indonesia Others Europe Germany France United Kingdom Italy Spain Russia Others Latin America Brazil Mexico Others Middle East and Africa
Competitive Landscape: The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Becton Dickinson and Company, bioMérieux SA, Bio-Rad Laboratories Inc, Danaher Corporation, Eppendorf AG, QIAGEN, Sartorius AG, Merck KGaA and Thermo Fisher Scientific Inc. Key Questions Answered in This Report: How has the global industrial microbiology market performed so far and how will it perform in the coming years? What has been the impact of COVID-19 on the global industrial microbiology market? What are the key regional markets? What is the breakup of the market based on the product? What is the breakup of the market based on the test type? What is the breakup of the market based on the end use industry? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global industrial microbiology market and who are the key players? What is the degree of competition in the industry?
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