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Market Demand and Innovation in Germany Propel Industrial Biotechnology Growth
Date:6/25/2010

BERLIN, June 25, 2010 /PRNewswire/ -- Industrial biotechnology is expected to grow worldwide by 10 to 20 percent per year through 2020. Germany has already established the preconditions to accelerate R&D and commercialization in this nascent industry, making it an ideal site for companies looking to benefit from growing market demand. Representatives from Germany Trade & Invest will be on hand at this year's World Congress on Industrial Biotechnology & Bioprocessing, taking place from June 27 - 30 in Washington, DC, to discuss business opportunities in Germany.

More than 40 percent of small and medium enterprises (SMEs) active in industrial biotechnology in Europe are located in Germany. Alongside these highly dynamic SMEs, several large companies, primarily active in the chemical industry, are also conducting industrial biotechnology R&D in Germany. This high level of activity is a testament to the attractive conditions in Germany.

Currently global revenues for goods produced using industrial biotechnology are estimated between EUR 50 and 60 billion annually. By 2030 this figure is expected to grow to a volume of roughly EUR 300 billion, according to the "Cologne Paper" by the Council of the European Union. Growth projections in Germany are largely based on the country's collective environmental awareness and increasing preference for environmentally-friendly products. At the same time, products manufactured using these new processes pro
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SOURCE Germany Trade and Invest
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