Asia-Pacific Agricultural Enzymes Market - By Type, Application and Geography-Market Shares, Forecasts and Trends (2017 - 2022)

Published - Jan 2017 | Category - Agriculture | No. of Pages - 116 | Published By - Mordor Intelligence

Report Highlights

Asia-Pacific agricultural enzymes industry is expected to grow at a CAGR of 8.3% during 2015-2020. Agricultural enzymes are a composite of intracellular and extracellular enzymatic components produced by microbial organisms like bacteria and fungi. Also enzymes can be derived from animal and plant sources like plant roots, residues and digestive tracts of animals.

Agricultural Enzyme is the catalyst that prompts chemical reactions that release nutrients that might otherwise remain chemically bound, which detoxify the soil. Recognizing the importance of these, farmers around the region have been extensively using these and the market for agricultural enzymes is rapidly growing.

The growing demand for agricultural produce owing to high population growth and increasing processed food demand, increasing focus on agriculture biotechnology and awareness on environment friendly agriculture practices are driving the regional agricultural enzymes market. Most of the application demand comes from crop processing and animal feed additives manufacturing industries. The cost effective production and application of enzymes also form a major reason for growth in the price sensitive markets of Asia-Pacific. Increasing effort, investment in research and adoption of various modern farming practices hold opportunity of growth for the industry. High R&D costs and unclear regulations may create obstacles for the market growth in the region.

The agricultural enzymes market is segmented on the basis of strain types, application and crop types. By product types, the market is segmented into Carbohydrases, Proteases, Lipases, Polymerases & Nucleases; carbohydrases is the most popular with varied applications followed by proteases and lipases. Application of agricultural enzymes is explained as per crop protection, fertility and growth enhancing products. Enzyme based pesticides and fertilizers help farmers to enjoy healthier crops and higher yields; direct application of agriculture enzymes into the field acts as agriculture input enhancers. Crop type application involves cereals and grains, and fruits and vegetables and oilseeds and pulses.

Asia-Pacific is the fastest growing region of agricultural enzymes demand in the world. The region’s market is led by agriculture dominated countries like China and India. The increasing farmers’ awareness regarding issues related to agrochemicals and environmental safety will lead the market growth in those countries. Countries like Thailand and Vietnam would grow positively during the forecast period showing future growth opportunities for the region.

Many North America players are actively involved in the agricultural enzymes market of Asia-Pacific as a strategic move. Some of the major players active in the regional market are- Bioworks Inc., Guangdong VTR Bio-Tech, Novozymes A/S, Syngenta AG, and Deepak Fertilizers and Petrochemicals Corporation Ltd. etc. Increasing investment over product innovation and development has been the major long term strategy for the players in the recent past. North America leaders are strategically acquiring smaller, regional players in order to capture the regional markets with a customer specific approach and product lines.

In this report we offer,

Market analysis for the Asia-Pacific Agricultural Enzymes Market, with region specific assessments and competition analysis on global and regional scales.

Market definition along with the identification of key drivers and restraints

Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale

Extensively researched competitive landscape section with profiles of major companies along with their market shares

Identification and analysis of the macro and micro factors that affect the Asia-Pacific Agricultural Enzymes Market on both global and regional scales

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information

A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market

Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

 

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