Synthetic Biology Market Expected to witness a stupendous CAGR in the years to come
Market Snapshot: The global Synthetic Biology Market is expected to witness a stupendous CAGR in the years to come. This could be attributed to its presence across loads of end-users like industrial chemicals, agriculture, and healthcare. The synthetic biology market would be catalyzed further by extensive research along with collaboration of technology, science, and engineering for designing, redesigning, producing or modifying biological systems, genetic materials, and living organisms. The U.S., according to National Science Foundation, did invest close to $820 million between 2008 and 2014 in synthetic biology and is expected to continue with the same in the upcoming period as well. Market Insights: Food security has been a matter of utmost concern off late. Population explosion, environmental stress, and changing climate are adding to the concern. Factors like production of food with much better shelf life, and tailored medicinal or nutritional value are expected to bolster t...