Biotechnology, with its knowledge-intensive nature and tremendous economic potential,has emerged as one of the rapidly-growing sectors of the Indian knowledge economy today. Focusing on the practical use of biological systems to produce goods and services, biotechnology has made significant achievements in the growth and its application in the areas of agriculture, healthcare, environment, etc through R & D projects and infrastructure creation.

Today products like biofertilizer and biopesticides using the biotechnology techniques have proved that biological control is widely regarded as a desirable technique for controlling insects and pests, due to its minimal environmental impact and its avoidance of problems of resistance in the vectors and agricultural pests. The biopesticide market makes 5% of the total insecticide market, amounting to one billion US dollarsthus accounting an overall growth rate of about 10% per annum but in India biopesticides represent only 2.89% (as on 2005) of the overall pesticide market in India and is expected to exhibit an annual growth rate of about 2.3% in the coming years .Although the biopesticide market accounts for only about $1 billion of the global pesticide market of $33 billion it is expected to continue to grow rapidly and a huge biodiversity of sources remains untapped.

In the same way vermicomposting is compatible process with sound environmental principles that value conservation of resources and sustainable practices and vermicompost is known to bethe world's best organic fertilizer. The practice of organic farming is said to the best known alternative to the conventional method.While trends of rising consumer demand for organics are becoming discernible, sustainability in production of crops has become the prime concern in agriculture development.

The Industrial enzyme market is growing steadily as most of the enzymes are produced by microorganisms in submerged cultures going by the biotechnology technique. Also integrated Biogas Systems have a significant role to play in the development of agro ecological farming systems as these systems can provide a valuable and diverse product slate from existing biowaste resources available in the form of manure to most traditional rural households.

How to Prepare a Project Report on Biotechnology Industry?

One of the requirements for preparing an industrial biotechnology project report is a clear understanding of the industry. You can find more information on biotechnology from market analysis reports. The biotechnology market is a knowledge-based industry.

 

1. Biotechnology Market Potential

Industrial biotechnology has become a trend in consumer product manufacturing. Many industries are abandoning old manufacturing processes in favor of biotechnology. Here is a list of industrial biotechnology products.

• Bread production using baking enzymes
• Manufacture of cosmetics using metathesis chemistry
• Using enzymes in the manufacture of detergents
• Manufacture of textile bleaches using biotech cellulose enzymes
• Wood bleaching enzymes used in paper processing
• Fuel ethanol from enzymatic hydrolysis of starch and cellulose
• Biodegradable polymers for making food packaging
• Making bioplastics from polyhydroxyalkanoates (PHA)
• Manufacture of pharmaceuticals
• Biogas production

There is indeed a huge potential in the biotechnology business. The demand for biotechnology products is on the increase.

2. Biotechnology Market Drivers

1. Campaign for environmental conservation

The global need for sustainable development is slowly shifting consumer preferences. Consumers readily accept and prefer biodegradable bioplastic products to non-biodegradable options.

2. Need for efficient food processing

Food manufacturers recognize that the biotechnology process and application can reduce wastage. Juice processors, for example, capitalize on advances in industrial biotechnology to extract maximum juice from fruits.

3. Growth in Biotechnology

Scientists invest heavily in biotechnology research. Scientists release new technologies into the market every year, giving an impetus to the fastest-growing biotech companies.

How to Set Up an Industrial Biotechnology Business?

To set up an Industrial Biotechnology Business you need to take care of various things-

1. Identify a market gap

Do you have a technology you wish to apply in the biotechnology industry? The first step is to identify an unmet need in the industry that you can address using your technology. The problem should be big enough to create a market for your technology.

2. Assemble a quality multi-skilled team

Scientific innovations cut across different fields of specialization. Going alone may prove fateful along the way. For example, if you are a biomedical engineer working on a project on a cancer diagnostic device, you need to have an oncologist onboard.

3. Capitalize on incentives

Starting an industrial biotechnology business may be expensive. Many governments issue incentives to investors in environmentally friendly, sustainable solutions. Find out what incentives are available. Apply for incentives to cushion your startup expenses.

4. Source for legal advice

An attorney with knowledge on industrial biotechnology will give you relevant legal advice. Some technologies may be harmful to both humans and the environment. Legal advice helps you avoid future legal battles with both government and non-government agencies.

5. Get enough funds

Investing in biotechnology may be expensive for a sole proprietor. You may consider applying for grants and loans. You can also seek support from family and friends.

What Do You Need To Start An Organic Farming Business?

You may never have done farming before. However, you want to start your organic farm. An organic farming business plan will make a big difference. Besides a business plan, there are a few more things that you need to do before starting the business. Below are some organic farming startup tips.

1. Identify your Niche

Identify and keep your eyes focused on what you want to do before starting it. Let us say you intend to do bananas farming. You must ask yourself if, by the time they mature, the anticipated market will still be available. Find out if there is a banana processing industry in your locality. Is the factory performance improving or declining?

2. Find a suitable piece of farm-land

You can use your land or lease one for organic farming. Owning land gives you full control over your operations. Other options for farming space are incubators, rooftops, and SPIN farming. Find out the right soil properties for your crop.

3. Financing

You can refer to your business plan to identify the most suitable funding options. For a small farm, you can save a lot by doing some of the activities yourself instead of hired labor.

4. Marketing Strategy

Farm produce has a short shelf life. If you are not going to use any chemical preservatives, identifying a market in advance is essential. Start sourcing for the market long before your first produce.

 

Market Research Report On Biotechnology Products

An analysis of biotech trends suggests that by the year 2025, the global net worth of the industry will be $727.1 billion, with a CAGR of approximately 7.4%. Pharmaceutical Biotechnology and the use of biotechnology in food processing largely account for this. In the last few years, there has been an increase in regenerative medicine and the application of genetics in diagnosis.

Other key drivers of the biotechnology industry include new technologies and supportive government policies. Developed countries invest in research in biotechnology, and offer grants and incentives for biotech manufacturing. American biotech pharmaceuticals receive a lot of support from the government. This support has seen American companies register great success in biotechnology in the last few years.

Market analysis reports for developing countries may not show similar trends as in developed countries. Canada and the USA are leading in Latin America, while Brazil leads South America. The dominant European players are Germany and the UK, while Japanese and Chinese manufacturers dominate the Asia Pacific. South Africa seems to lead the way in the Middle East and Africa.

 

 

 

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