Biotechnology has a Promising Future

According to a new technical market research report, Environmental Markets for Biotechnology, the U.S. market for environmental biotechnology products for waste treatment is expected to be worth $ 180.2 million in 2008. This is expected to increase to $ 261.3 million by 2013, a compound average annual growth rate (CAGR) of 7.7%. The market is broken down into applications of microbial blends, nutrients, enzymes and microbes. Of these, ­microbial blends have the largest share of the environmental biotechnology market. Expected to be worth $ 89.2 million in 2008, this segment will increase to $ 130.6 million in 2013 for a CAGR of 7.9%.¹

¹BCC Research; http://www.bccresearch.com

² Process-Worldwide, Chemical and Pharmaceutical Engineering

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