Global Biotechnology Market is estimated to reach $726.8 billion by 2025
Global Biotechnology Market is estimated to reach $726.8 billion by 2025; growing at a CAGR of 8.1% from 2017 to 2025. Biotechnology is the technology to upgrade or modify the whole part of biological system for human and industrial welfare. It is defined as the industrial application of living organisms and their biological processes such as microbiology, genetic engineering, biochemistry among others, so as to make best usage of the microorganisms for the benefit of mankind. Industrial biotechnology application has also steered some clear processes that produces less waste, less energy and water. It is also used in various industrial sectors such as pulp chemical, paper, textiles, minerals and metal industries, among others.
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