Plant-based Biologics Market - Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2018 - 2028
Plant-based Biologics Market - Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2018 - 2028
Report Digest
Global Plant-based Biologics Market: Overview
Demand for biologics that the world is witnessing right now is difficult to meet by mammalian cell culture production. A number of reasons stand behind this challenges. One, the availability is limited and two, the scalability is limited. In such a scenario, it is a major plus that plant-based alternatives are available which are quality substitutes to mammalian variants. Besides, advancement in glycoengineering, downstream processing and expression vectors is helping plant variants gain steam.
It is noteworthy here that plants can reduce the cost of a biologic and at the same time, these can be as effective in eukaryotic protein modification as animal cultures. And, thus as per a Transparency Market Research analysis, it will be the next major development in biotechnology, driving market on a growth curve charted by a robust CAGR (Compound Annual Growth Rate)
Global Plant-based Biologics Market: Notable Developments
The landscape of Global Plant-based Biologics Market is at the cusp of transformation, owing to notable developments that are contributing largely to shaping its future, including competitive landscape. A glimpse is provided below.
In 2017, Denka, a Japanese company, acquired Icon Genetics Inc, a plant biotech company based out of Germany. The acquisition was worth USD 85 million and it clearly improves the market share and penetration of Denka which can further solidify its position as it can now focus on vaccines and diagnostics reagents, in order to develop new biopharmaceuticals. This is inclusive of biosimilar and ‘biobetter’ antibodies.
The global plant-based biologics market is highly consolidated. And, prominent players in the global plant-based biologics market are PlantForm, IBio Inc., Mapp Biopharmaceutical, Inc., Pfizer Inc., Ventria Bioscience, Medicago Inc., Greenovation Biotech GmbH, Kentucky BioProcessing, PhycoBiologics Inc., Synthon, Fraunhofer IME, Healthgen, PlanetBiotechnology, and Icon Genetics GmbH among others.
Current focus for most companies to chart growth in the global plant-based biologics market is through improving product and focusing on research and development (R&D). Thus, it does not come as a surprise that R&D is a critical focal point. Additionally, to stay ahead of the curve, players opt for mergers and acquisitions. Moreover, partnerships and collaborations entered strategically lead to exploration of synergies for future growth.
Global Plant-based Biologics Market: Key trends and driver
The global next generation memory market is being driven on to a high growth trajectory, owing to a number of factors. Some of the most potent ones are outlined below:
Global Biologics Manufacturers are shifting focus to plant biologics owing to limited availability of alternatives such as mammalian cultures. They not only have the expertise in the field but also core competencies. Besides, as chronic diseases see a rise in incidence, demands for these increase and to meet the unmet demand, plant based biologics offer the perfect alternative. In the United Sates, six in every ten people suffer from a chronic disease and four in evert ten suffer from at least two.
The reason for rising demand for biologics is that they offer a new treatment mechanism. This applies to a wide range of diseases and also includes cancer and immune disorders. Contributing massively is also the innovations and technological advancements, lowering manufacturing costs, allowing for easy storage of plant-based biologics.
Global Plant-based Biologics Market: Regional Analysis
The North American region is set to dominate the market playfield owing to the presence of a wide number of government and private research institutions working actively in the field. An example here would be of Fraunhofer Centre for Molecular Biotechnology. In 2015, it finished off clinical trials for plant-derived recombinant protective antigen (Biological: PA83-FhCMB) for anthrax vaccine.
The report is segmented into the following:
On the basis of plant system, the global plant-based biologics market is segmented into:
- Leaf-based
- Seeds-based
- Fruits-based
- Tubers-based
- Others
On the basis of source, the global plant-based biologics market is segmented into:
- Carrot
- Tobacco
- Duckweed
- Rice
- Moss
- Alfalfa
- Others
The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.
TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.
TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.
5-Point Growth Formula
The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.
The 5-point growth formula includes the following points:
- Current and Future Threats
- Accurate Trend Analysis
- Regional Assessment
- Industrial Analogy
- COVID-19 Impact
Current and Future Threats
Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.
Accurate Trend Analysis
Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.
Regional Assessment
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
Industrial Analogy
The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.
COVID-19 Impact
The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.
The reports offer answers to the top 7 questions that revolve around the growth of the market
- What are the diverse growth parameters influencing the market?
- Which regions will contribute largely to the growth of the market
- What are the recent innovations and technological advancements in the market?
- What are the emerging trends across the market?
- How has COVID-19 affected the market?
- What will be the post-pandemic scenario of the market?
- What are the major threats that will dent the growth prospects of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report