Synthetic Biology: Global Markets

Report Code: BIO066H

Publish Date: Aug 2024

Publisher: BCC Publishing

Category: Cell Biology

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Report Highlights

The global market for synthetic biology products was valued at $15.4 billion in 2023. The market is projected to grow from $19.3 billion in 2024 to $61.6 billion by the end of 2029, at a compound annual growth rate (CAGR) of 26.1% from 2024 through 2029.

Report Includes

  • 50 data tables and 45 additional tables
  • An analysis of the global markets for synthetic biology products and technologies
  • Analyses of global market trends, with market revenue data from 2021 to 2023, estimates for 2024, and projected CAGRs through 2029
  • Estimates of the current market size and revenue prospects, along with market share analysis by product type, end-user industry and region
  • Facts and figures pertaining to the market drivers and challenges, innovations, technologies, industry regulations, and the influence of macroeconomic factors
  • Identification of core synthetic biology products, key enabling technologies, commercial opportunities for product development, and competitive strategies
  • Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, the ESG practices of leading companies and their ESG scores
  • An analysis of patents granted for synthetic biology technologies, liquid biopsy and sequencing, and gene editing
  • Analysis of the industry structure, including company market shares, strategic alliances, M&A activity and venture funding outlook
  • Profiles of the market leaders, including Ginkgo Bioworks, Amyris, Twist Bioscience, Codexis Inc., and Thermo Fisher Scientific Inc.

Report Scope

The study scope includes core synthetic biology products (e.g., oligonucleotides, synthetic genes, BioBrick parts, delivery plasmids, chassis organisms, synthetic cells, cell-based and cell-free production systems), enabling technologies (e.g., DNA sequencing, DNA synthesis, gene editing, bioinformatics, specialty media) and enabled technologies (e.g., healthcare, industrial chemicals, consumer products, food and beverage, agriculture) that are already commercialized or are forecast to be commercialized through 2029.

Key synthetic biology technologies and products are analyzed to determine present and future market status, as well as forecasted growth from 2024 through 2029. An in-depth discussion of strategic alliances, industry structures, competitive dynamics, patents, and market-driving forces is also provided.

BCC Research examines the synthetic biology industry by market segment, including DNA sequencing, DNA synthesis, gene editing, synthetic biology foundries, and software. The market is also analyzed by end users, including agriculture, consumer products, cosmetics and skin care, food and beverage, healthcare, and industrial chemicals.

By geographical region, the market is divided into four regions: North America, Europe, Asia-Pacific, and Rest of the World (RoW). For market estimates, data has been provided for 2023 as the base year, with forecasts for 2024 through 2029.

Report Synopsis

Report Metrics Details
Base year considered 2023
Forecast period considered 2024-2029
Base year market size $15.4 Billion
Market size forecast $61.6 Billion
Growth rate CAGR of 26.1% from 2024 through 2029
Units considered $ Millions
Segments covered By Product Type, End User, and Region
Regions covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Countries covered The U.S., Canada, Mexico, Germany, U.K., France, Spain, Italy, Japan, China, India, and South Korea
Key Market Drivers
  • Various applications of synthetic biology in diverse fields
  • Increasing funding for research and development
  • Declining cost of DNA sequencing
  • Continuous innovations in the synthetic biology field
Companies studied
CODEXIS INC.EUROFINS SCIENTIFIC
GENSCRIPTAGILENT TECHNOLOGIES INC.
AMYRISGINKGO BIOWORKS
MERCK KGAATHERMO FISHER SCIENTIFIC INC.
TWIST BIOSCIENCEVIRIDOS
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Frequently Asked Questions (FAQs)

The global synthetic biology market was valued at $15.4 billion in 2023 and is expected to reach $61.6 billion by the end of 2029. The market is expected to grow at a CAGR of 26.1% from 2024 to 2029.
Key factors that are driving the growth are various application of synthetic biology in diverse field, increasing funding for research and development, declining cost of DNA sequencing, continuous innovations in synthetic biology field.
The global synthetic biology market is segmented based on product type, end-user, and region.
The enabled products segment will dominate the market in 2029.
North America holds the highest share of the market.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

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Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Synthetic Biology: Global Markets137Free
Chapter- 1: Executive Summary4Free
Chapter- 2: Market Overview8Free
Chapter- 3: Market Dynamics10Free
Chapter- 4: Emerging Trends and Patent Analysis11Free
Chapter- 5: Market Segmentation Analysis57Free
Chapter- 6: Competitive Intelligence5Free
Chapter- 7: Sustainability in Synthetic Biology Market: ESG Perspective3Free
Chapter- 8: Appendix39Free
Published - Mar-2022| Analyst - BCC Publishing| Code - BIO066G

Report Highlights

The global market for synthetic biology is estimated to increase from $9.5 billion in 2021 to $33.2 billion by 2026, at a compound annual growth rate (CAGR) of 28.4% during the forecast period of 2021-2026.

Report Includes

  • 30 data tables and 99 additional tables
  • An up-to-date review and analysis of the global market for synthetic biology within the life science industry
  • Analyses of the global market trends, with data from 2019 to 2021, and projections of compound annual growth rates (CAGRs) through 2026
  • Evaluation and forecast the global synthetic biology market size, forecasted growth trends, and corresponding market share analysis by product type, end-user industry, and region
  • Highlights of the current and future market potential for synthetic biology products and technologies, and areas of focus to forecast this market into various segments and sub-segments
  • Description of core synthetic biology products, key enabling technologies, and identify commercial opportunities for product development and competitive strategies
  • In-depth assessment of the synthetic biology industry structure, competitors review, and intellectual property landscape
  • Information on synthetic biology industry M&A deals, development of commercially viable products and technologies, and other strategic alliances within the industry
  • Patent review and analysis of patents granted for synthetic biology technologies, liquid biopsy and sequencing, and gene-editing industry
  • Detailed profiles of about 185+ companies within synthetic biology industry. Major players include Agilent Technologies Inc., Eurofins Scientific, GenScript, Merck KGaA, Novozymes A/S, Thermo Fisher Scientific Inc., and Twist Bioscience
Published - Jan-2020| Analyst - John Bergin| Code - BIO066F

Report Highlights

The global synthetic biology market should grow from $5.3 billion in 2019 to $18.9 billion by 2024 with a compound annual growth rate (CAGR) of 28.8% for the period of 2019-2024.

Report Includes

  • 29 data tables and 100 additional tables
  • An overview of the global markets for synthetic biology
  • Analyses of global market trends, with data from 2018, 2019, and projections of compound annual growth rates (CAGRs) through 2024
  • Description of core synthetic biology products i.e. synthetic genes, DNA parts, chassis organisms, and synthetic cells
  • Information on enabling technologies such as DNA sequencing, oligonucleotides, specialty media, and bioinformatics
  • Knowledge about enabled technologies including biofuels, specialty chemicals, diagnostics, pharmaceuticals, and agriculture
  • Analysis of the synthetic biology industry structure, competitors, and intellectual property landscape
  • Assessment of the products and technologies most commercially viable in the immediate and near-future time frame.
  • Comprehensive profiles of leading companies in the industry, including Active Motif, Bayer AG, BASF AG, Cargill Inc., Dowdupont Inc., Glaxosmithkline Plc, Merck KGAA, Novartis Pharma AG, Pfizer Inc. and Thermo Fisher Scientific Inc.
Published - Jul-2018| Analyst - John Bergin| Code - BIO066E

Report Highlights

The global market for synthetic biology will grow from nearly $4.4 billion in 2017 to $13.9 billion by 2022, with a compound annual growth rate (CAGR) of 26.0% for the period of 2017-2022.

Report Includes

  • An overview of the global markets for synthetic biology
  • Analyses of global market trends, with data from 2016, 2017, and projections of compound annual growth rates (CAGRs) through 2022
  • Coverage of core synthetic biology products: synthetic genes, other DNA parts, chassis organisms, synthetic cells
  • Coverage of enabling technologies: DNA sequencing, oligonucleotides, specialty media, bioinformatics
  • Coverage of enabled technologies: biofuels, specialty chemicals, diagnostics, pharmaceuticals, agriculture 
  • Analysis of the synthetic biology industry structure, competitors, and intellectual property landscape
  • Assessments of the products and technologies most commercially viable now and in the near future 
  • Company profiles of major players in the market, including Illumina, Inc, New England Biolabs, Precision Biosciences, Royal Dsm Nv, Sgi-Dna Inc., Synthetic and Genomics, Inc
Published - Jan-2017| Analyst - John Bergin| Code - BIO066D

Report Highlights

The global synthetic-biology market reached nearly $3.9 billion in 2016 and should reach $11.4 billion by 2021, growing at a compound annual growth rate (CAGR) of 24.0% through 2021.

Report Includes

  • An overview of the global markets for synthetic biology.
  • Analyses of global market trends, with data from 2015, estimates for 2016, and projections of compound annual growth rates (CAGRs) through 2021.
  • Coverage of core synthetic biology products: synthetic genes, other DNA parts, chassis organisms, synthetic cells
  • Coverage of enabling technologies: DNA sequencing, oligonucleotides, specialty media, bioinformatics
  • Coverage of enabled technologies: biofuels, specialty chemicals, diagnostics, pharmaceuticals, agriculture 
  • Analysis of the synthetic biology industry structure, competitors and intellectual property landscape
  • An assessment of the products and technologies most commercially viable in the immediate and near-future time frame.
  • Profiles of major players in the industry
Published - Jun-2014| Analyst - John Bergin| Code - BIO066C

Report Highlights

The global synthetic biology market reached nearly $2.1 billion in 2012 and $2.7 billion in 2013. This market is expected to grow to $11.8 billion in 2018 with a compound annual growth rate (CAGR) of 34.4% over the five-year period from 2013 to 2018.

Report Includes

  • An overview of the global market for synthetic biology.
  • Analyses of global market trends, with data from 2012 and 2013, and projections of compound annual growth rates (CAGRs) through 2018.
  • Information on the applications for synthetic biology including specialty chemicals, enzymes, synthetic genes and other DNA parts, pharmaceuticals, biofuels, and chassis microorganisms.
  • An assessment of the products and technologies most commercially viable in the immediate and near-future time frame.
  • Comprehensive profiles of leading companies in the industry.
Published - Nov-2011| Analyst - John Bergin| Code - BIO066B

Report Highlights

The global value of the synthetic biology market reached $1.1 billion in 2010. It is expected to reach $1.6 billion in 2011 and it will further grow to $10.8 billion by 2016, increasing at a compound annual growth rate (CAGR) of 45.8.%.

Published - Jun-2009| Analyst - John Bergin| Code - BIO066A

Report Highlights

  • The global market for synthetic biology generated $233.8 million in 2008. This is expected to increase to $2.4 billion in 2013, for a compound annual growth rate (CAGR) of 59.8%.
  • The chemicals and energy segment has the largest share of the market, worth $80.6 million in 2008. This should reach $1.6 billion in 2013, for a CAGR of 81.6%.
  • The biotechnology and pharmaceuticals segment is the second-largest market segment, worth 80.3 million in 2008. This segment is projected to increase at a CAGR of 49.2% to reach $594 million in 2013.

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Synthetic Biology: Global Markets
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