
Global BioTechnology-Based Chemical Market Survey Report 2018-2023." Biotechnology, living systems and organisms are used to develop or modified specific product or processes. The major types of biotechnology are red, green, white, and blue biotechnology. Red biotechnology involves medical processes, white biotechnology which is also known as grey biotechnology is mainly used in industrial processes, green biotechnology involves agricultural biotech processes and blue biotechnology comprises of marine and aquatic processes. Few of the biotechnology-based chemicals available in the market are polylactic acid, polyhydroxyalkanoates, and lactic acid. Biotechnology-based chemicals has wide applications across industrial areas such as agriculture, medicine, food production, healthcare, and crop production. It is also used in other sectors such as chemicals, food and feed, paper and pulp, and detergents and bioenergy.