Global Industrial Microbiology Market to Reach US$ 17.0 Billion by 2028, Impelled by Expanding Pharmaceutical Industry

November 07, 2022 | Healthcare

The latest report by IMARC Group, titled "Industrial Microbiology Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028," finds that the global industrial microbiology market reached a value of US$ 10.6 Billion in 2022. Industrial microbiology, also known as microbial biotechnology, is the process of using various microorganisms, such as naturally occurring organisms, laboratory-selected mutants, and genetically modified organisms (GMO), for the production of crucial substances, such as food products, antibiotics, enzymes, amino acids, vaccines, and fine chemicals. It assists in replacing non-biodegradable plastics, fossil fuels, and highly polluting chemical processes with biocompatible alternatives. Besides this, industrial microbiology finds extensive application in manufacturing alcohol and acetone across the globe.

Global Industrial Microbiology Market Trends:

The market is primarily driven by the expanding pharmaceutical industry. Industrial microbiology is used to manufacture vaccines, antibiotics, and steroids. It also aids in preventing microbial contamination of injectables, nasal solutions, drugs, eye drops, and inhalation products. In addition, the rising product adoption in the food and beverage (F&B) industry is to produce fermented food products and convert industrial food waste into value-added products. Besides this, industrial microbiology finds extensive applications in the oil and gas industry as it is not impacted by crude oil prices and does not require vast energy inputs. This, coupled with the rapid depletion of oil resources and increasing energy demands, is catalyzing the need for eco-friendly and cost-effective oil recovery technologies. Moreover, the increasing utilization of industrial microbiology in the cosmetics and personal care industry is anticipated to propel market growth in the coming years. Looking forward, IMARC Group expects the market to reach a value of US$ 17.0 Billion by 2028, exhibiting a CAGR of 6.5% during the forecast period (2023-2028).

Market Summary:

Based on the product, the market has been categorized into equipment and systems (filtration pumps and systems, microbial detection systems, air monitoring systems, automated equipment, incubators and culture apparatus, and others), reaction consumables (media, simple media, complex media, defined media, specialty media, reagents, and strains) and others (laboratory supplies, bags and bottles, loop and needles, Petri dishes, racks, seals, plates and holders, filtration disc and membranes, and others).
On the basis of the test type, the market has been segmented into sterility testing, microbial limits testing, bio-burden testing, and water and environmental testing.
Based on the end use industry, the market has been classified into food and beverages, pharmaceutical biotechnology, agricultural, environmental, cosmetic, and personal care, and others.
Region-wise, the market has been divided into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has been examined in the report, with some 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.

Report Scope:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Product, Test Type, End Use Industry, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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.
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
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Global Industrial Microbiology Market to Reach US$ 17.0 Billion by 2028, Impelled by Expanding Pharmaceutical Industry

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