International Sugar Journal

Drivers and barriers for industrial biotechnology [Full subscriber]

Industrial biotechnology is a key technology for future economic development. Governments recognise the importance of industrial biotechnology and many are increasing their support to take advantage of the potential and remove barriers to growth. On a sector level, the largest market potential lies in the production of fine chemicals for the pharmaceutical and agro industry, biopolymers and biofuels. In 2007, the sales of biotech products was around 48 billion Euro worldwide (3.5% of total chemical sales). The most important sub-segments were active pharmaceutical ingredients and cosmetics. Sales of biotech products are estimated to increase to around 135 billion Euro (7.7%…

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