According to the "China Synthetic Biology Industry White Paper 2024", the global syntheticbiology market has grown from US$5.3 billion in 2018 to over US$17 billion in 2023, with anaverage annual growth rate of 27%. It is expected to maintain rapid growth in the future, the economic impact of synthetic biology and biomanufacturing is likely to reach up to US$100 billionin 2025; and in the next 10 to 20 years, synthetic biology industry may have a direct economicimpact of US$2-4 trillion/year globally.

Synthetic biology is an interdisciplinary field that combines principles from biology, engineering, computer science, and chemistry to design and construct new biological parts, devices, and systems, or to redesign existing biological systems for useful purposes. The field aims to make biology easier to engineer by applying standardized engineering principles to the creation and manipulation of biological systems.

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