Eco friendly bio based products and solutions represent a fast growing business worldwide, and in India.
Investing in these sectors significantly increase the prospects of sustainable, long term business success.
Here is BioBiz Consulting assistance for bio-based products and solutions from India’s leading renewable energy consulting and research firm Energy Alternatives India (EAI).
Companies and businesses working in agriculture, food & dairy, chemicals, packaging, environmental services, renewable energy/power and related sectors who are keen on venturing into bio-based product opportunities.
BioBiz is a consulting assistance offered by EAI, for the fast growing bio-based business opportunities in India.
There is no other management consulting/business intelligence service offered in India with a dedicated focus on the Indian bio-based sector. Thus, one could say that BioBiz Consulting from EAI is perhaps the first comprehensive market and strategy assistance provided for India’s fast growing biomass-based business opportunities.
In today’s trend, there is an urgent need for industries and power plants to sustainably reduce and effectively treat their effluents and CO2 Algae and Biochar (charcoal obtained from plant matter) can be used for reducing carbon dioxide in atmosphere. Algae is also used for wastewater treatment.
Biobased treatment of industrial waste water and other waste water is a fast growing business opportunity worldwide and in India.
A range of avenues are being explored for carbon capture, especially from concentrated sources such as power plants. Some of these avenues - especially sustainable avenues such as algae-based carbon capture - could represent excellent business opportunities.
Biochar, a product obtained from the pyrolysis of biomass, is gaining increasing business attention owing to its use as starting material to make activated carbon, a sustainable filtration material.
Increasing carbon footprint and depleting conventional fuel resources are making large businesses and companies shift to bio based energy resources. Algae/castor based biofuels, oil from plastics and other plant based biomass (briquettes and pellets) are some notable energy resource areas to venture into.
With the price of crude once again increasing, biofuels (both biodiesel and ethanol) are beginning to look as attractive business opportunities once more, especially given India's large reliance on imports for petrol and diesel.
Biomass based power plants are carbon neutral making them a natural choice for companies wishing to reduce their carbon footprint. While challenges exist on feedstock and cost fronts, one can still expect significant investments into this power source for the foreseeable future in India and worldwide.
Biomass-based industrial heating (in boilers, hot air generators and kilns) is expected to see dramatic increases as the prices of alternatives fuels such as coal, natural gas, diesel and LPG increase, and as decreasing carbon footprint becomes a bigger aspiration for many Indian businesses. India is blessed with a large amounts of agri waste that can be used as feedstock for these power plants.
Increasing concerns over the use of plastics have increased the demand for sustainable alternatives to plastics such as bioplastics, biopolymers and other plastic alternatives such as bagasse based, jute based and wheat straw based products.
While bioplastics and biopolymers currently represent just over 1% of the total plastics market (by volume), they hold significant growth potential given the importance given to environmental protection from the fast growing plastic pollution. A range of end uses (all the way from retail packaging to hugh end medical surgery) will see increasing use of bioplastics, especially bio-degradable plastics.
Beyond bioplastics, a range of biomass based packaging solutions are emerging in India - especially packaging from bagasse and rice husk, and innovative bio-based products for select segments such as foodware and cutlery. Expect exciting growth in these segments in India and in countries such as China, EU and United States.
Fashion (including textiles and apparel) is a $3 trillion industry worldwide and there's a clear movement within many segments within this industry to go green. This represents exciting opportunities for many Indian businesses which already are operating in the fashion and textile segments.
With increasing individual health and environmental concerns globally, many companies are looking for bio-based health products such as nutraceuticals, natural food ingredients, natural flavours & fragrances and cosmetics. Algae based health products are an interesting sector to look for. Castor oil is also an excellent source for natural cosmetics globally.
Nutraceuticals is a $200+ billion market worldwide growing at a healthy CAGR of over 7%. In India too, nutraceuticals is a $5 billion market and growing at a 8% CAGR. A range of feedstock native to India - algae, herbs and more - are finding its way into nutraceuticals, thereby implying a significant business potential.
A range of bio-based feedstock native to India is beginning to replace synthetics in cosmetics, flavours and fragrances. With the cosmetics end users worldwide becoming increasingly eco-conscious, expect the natural flavours and fragrances markets to grow significantly in the near future.
While bio-based materials have been used in the pharma industry for a long time, recent trends have shown many extensions and enhancements of such use. Examples of new trends include use of algae (which has over 30000 different strains!) in pharma and related wellness products - and India can boast a vast biodiversity in algae.
Owing to increasing carbon emission regulations and other health and environmental concerns, many companies in the consumer and specialty chemicals sector are looking for bio based feedstock. The major bio-based raw materials used in the production of green chemicals are vegetable oils, animal fats, sugar and starch, and bio-ethanol.
With many end user segments keen on going eco-friendly, a range of chemicals - especially specialty chemicals - will see significant transformation to more sustainable raw materials. And this represents an enormous business opportunity for Indian and international companies.
EAI’s consulting focusses on providing strategic and market focused suggestions and recommendations to entrepreneurs and businesses keen on venturing into bio-based business opportunities. With our extensive network and contacts with different stakeholders across various bio-based sectors, EAI can also further assist entrepreneurs in collaborating with the right stakeholder in select industry.
Our core offering, however, is to enable our clients to understand the market, business and strategic potential for bio-based businesses.
In-depth understanding of the current and emerging markets for select biobased business opportunity
A clear understanding of various product possibilities in the select sector, their properties and their end use applications/markets.
Key drivers and challenges that are shaping the market trends for select biobased product market worldwide
Overview of technologies and production processes for the various products and solutions, and the key companies/solution providers for the same.
EAI is one of the very few cleantech consulting and research companies with a specialized focus on biomass-based business opportunities sectors. Our decade long consulting and market assistance for bio-based opportunities have covered biofuels, biomass to power, biomass to heating, nutraceuticals, renewable chemicals and bio-based environmental remediation. Our consulting has helped the Who’s Who of the World & India – The World Bank, Pepsi, GE, GSK, Reliance, Bill & Melinda Gates Foundation and more.
Owing to our early mover status and pioneering work in renewable energy, we have exceptional contacts across the entire cleantech and biomass value chain, all across India.
BioBiz Consulting is run by a team of professionals from IITs and IIMs, and having a team of specialised professionals in energy and environment.