2014-01-21 21:57:01 - Environmental Markets for Biotechnology - a new market research report on companiesandmarkets.com
The United States environmental biotechnology products market was valued at $241.2 million in 2012 and is expected to reach $261.9 million by 2013. The industry is forecast to reach nearly $382.3 million by 2018, and register a compound annual growth rate (CAGR) of 7.9%.
Municipal and industrial wastewater treatment facilities are generating volumes of wastewater at unprecedented levels. Companies, water authorities, and other end users need cost-effective and efficient means of treating these waste streams. Environmental biotechnology solutions can treat both organic and toxic wastes found at contaminated sites across the country and worldwide without negatively impacting the environment. Waste treatment applications, such as animal waste, grease traps, biofilters for odor control, composting operations, and septic tank treatments present excellent market
opportunities for effective environmental bioproducts.
Biotechnology promises to offer less expensive solutions for environmental management through natural microorganism, enzyme, and supplemental nutrient products along with new developments in biotechnology, including the production of biofuels derived from biotreatment of wastes. Biotechnology also has a promising future and can help in meeting energy demands with microbial products and the conversion of waste into raw products and processes for biofuel production.
Markets for environmental biotechnology products are well positioned for expansion. Much of this growth will be due to sales within the U.S., but enormous potential in overseas markets will remain through the next decade for manufacturers willing to take initiatives and risks associated with doing business on a global scale.
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