Increasing demand for energy is expected to propel growth of the global white biotechnology market over the forecast period. For instance, according to the 2019 Annual Energy Outlook, the global energy demand is expected to grow by 1/3 through 2040.Moreover, ban on the use of conventional plastic is also expected to aid in growth of the market. For instance, countries such as Zimbabwe, France, Australia, India, Canada, Peru, Rwanda, and U.K. have banned use of single-use plastic.
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