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Growth in the substitute product market, such as plastic and glass bottles, is expected to stifle demand for the bag-in-box container. The abundant availability of low-cost plastic bottles is expected to stifle market growth.
Biocatalysis & Biocatalysts Market Size Forecast to Reach $120 Billion by 2025 Increasing Personal Care and Cosmetic Sector Act as a Driver for the Growth of Biocatalysis & Biocatalysts Market BriefingWire.com, 4/04/2021 - Biocatalysis & Biocatalysts Market size is forecast to reach $120 billion by 2025, after growing at a CAGR of 5.1% during 2020-2025. Biocatalysts are defined as substances of biological (non-human) origin that are capable of catalyzing a wide range of reactions. In addition to the ability to operate under mild conditions, they are organic, biodegradable, and have high catalytic efficiency. Owing to this, they are used for various industrial and commercial applications. Key Takeaways North America dominates the biocatalysis & biocatalysts market owing to the increasing demand for the biocatalysis & biocatalysts from the major end-use industries in Europe and growing research and development activities in the region.