Synthetic Biology Market Revenue was valued at USD 14.5 Billion in 2024 and is estimated to reach USD 34.5 Billion by 2033, growing at a CAGR of 10.4% from 2026 to 2033.
The South Korea synthetic biology market has witnessed rapid growth in recent years, driven by technological advancements and increasing demand across various industries. Synthetic biology, which combines biology with engineering principles, is playing a pivotal role in transforming sectors like pharmaceuticals, agriculture, and energy production. South Korea's strong foundation in biotechnology and its government's support for research and development have positioned the country as a leading player in this emerging market.
In the synthetic biology market, key industries are demanding solutions that improve efficiency, sustainability, and innovation. The pharmaceutical industry, in particular, is leveraging synthetic biology to develop novel drugs and therapeutic treatments. The ability to engineer microorganisms for drug production has opened up new possibilities in personalized medicine, with South Korea's biopharma companies leading the charge in precision medicine. In agriculture, synthetic biology is helping to create genetically modified crops that are more resistant to diseases and pests, reducing the dependency on chemical pesticides and increasing crop yields.
One of the major requirements from industries is the need for cost-effective production methods. Synthetic biology offers the potential to produce complex compounds at a fraction of the cost of traditional methods. For instance, engineered microorganisms can be used to produce biofuels, which are crucial for South Korea's push toward green energy solutions. This demand for sustainable alternatives is fueling growth in the renewable energy sector, where synthetic biology plays a role in developing more efficient and eco-friendly production processes.
South Korea's synthetic biology market is also driven by the need for innovation in materials science. Companies are using synthetic biology to create novel materials with tailored properties for use in everything from electronics to textiles. These innovations have the potential to revolutionize the manufacturing sector, creating high-performance products that are lighter, stronger, and more sustainable.
Moreover, the market is heavily influenced by government policies that encourage the integration of synthetic biology in industrial applications. Initiatives such as funding for research, tax incentives for biotech companies, and the establishment of innovation hubs are driving the demand for cutting-edge solutions in synthetic biology. These efforts ensure that South Korea remains at the forefront of synthetic biology innovations, meeting both local and global industry requirements.
With the rapid pace of technological advancements and a growing number of applications, the South Korea synthetic biology market is poised for continued expansion. Industries across the board are increasingly recognizing the importance of synthetic biology in solving some of their most pressing challenges, from sustainability to cost efficiency and beyond.
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Thermo Fisher
Novozymes
Merck KGaA
Intrexon
Agilent
Amyris
Genscript Biotech
Ginkgo Bioworks
Integrated DNA
New England Biolabs
Synthetic Genomics
Twist Bioscience
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Synthetic Biology Market
Healthcare
Drug Development
Gene Therapy
Diagnostics
Agriculture
Genetically Modified Organisms (GMOs)
Biofertilizers and Biopesticides
Industrial Biotechnology
Biochemicals
Biofuels
Environmental Applications
Bioremediation
Waste Management
Gene Synthesis
Genome Editing
CRISPR
TALENs
Cloning Technologies
DNA Sequencing
Bioinformatics
Enzymes
Synthetic DNA Oligonucleotides
Culture Media
Reagents
Equipment and Instruments
Academic and Research Institutes
Pharmaceutical and Biotechnology Companies
Agriculture Sector
Environmental Organizations
Contract Research Organizations (CROs)
DNA Assembly
Cell Transformation
Protein Expression
High-Throughput Screening
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Synthetic Biology Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Synthetic Biology Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Synthetic Biology Market, By Type
6. South Korea Synthetic Biology Market, By Application
7. South Korea Synthetic Biology Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Synthetic Biology Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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