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Report Buyer, the online destination for business intelligence for major industry sectors, has now added a new report showing that the U.S. market for environmental biotechnology products for waste treatment is expected to increase to $261.3 million by 2013, experiencing a compound average annual growth rate (CAGR) of 7.7%. The market will be worth $180.2 million in 2008.
“Environmental Markets for Biotechnology”
The report shows that nutrients, the second largest segment, will increase at a slightly faster pace with sales in 2008 of $43.6 million and $66.2 million in 2013, representing a CAGR of 8.7%.
Enzymes will grow at a slower pace from $32.0 million in 2008 to $40.4 million in 2013, for a CAGR of 4.8%, due to relatively limited potential compared to the products forecasted, and limited effectiveness.
According to the authors of the report, microbes are expected to grow from $15.5 million in 2008 to $24.1 million in 2013, for the highest CAGR of 9.3%. They say microbes are expected to increase in relation to growing biofuel production from anaerobic waste treatment methods.
The authors note that as technological advances have taken shape, nature has been transformed by science and offers us unlimited potential in using environmental biotechnology through improved products, application methods and processes that allow us to clean up our past waste problems and control our growing waste streams now and in the future. Biotechnology also has a promising future in helping us meet our energy demands by converting waste to biofuels.
“Environmental Markets for Biotechnology”
Report Buyer product ID: BCC00196
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