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

Published - Jan 2017 | Category - Agriculture | No. of Pages - 175 | Published By - Mordor Intelligence

Report Highlights

Global agricultural enzymes industry is poised to grow at a CAGR of 7.5% during 2015-2020 to reach a market value of $350.5 million by 2020. Agricultural enzymes are a composite of intracellular and extracellular enzymatic components produced by microbial organisms like bacteria and fungi. These enzymes can also be derived from animal and plant sources like plant roots, residues and digestive tracts of animals.

Agricultural enzymes act as biological catalysts and find their extensive use in agriculture-based biological processing like- processing of crop and crop residues, silage fermentation and bio processing of fibers. Agricultural enzymes are also popularly employed in animal feed and feed supplement products.

Involvement of agricultural enzymes in agriculture sector denotes the new age farming practices, which show concern over environmental impacts, while assuring high productivity. The global agricultural enzymes market is driven by various environment friendly farming practices; popularity of organic farming is the major reason for the market growth of enzymes. Cheaper production methods and new applications make it a cost effective option for the farmers to adopt them substantially. Increasing effort, investment in research and adoption of various modern farming practices open up new growth prospects for the industry. While the market sentiment is seen positive, enzyme safety, quality and uncertain regulatory environment would hinder the market growth to an extent.

The agricultural enzymes market is segmented by strain types, application and by crop types. On the basis of product types, the market is segmented into Carbohydrases, Proteases, Lipases, Polymerases and Nucleases. 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, grains, fruits, vegetables, oilseeds and pulses.

Enzyme application in agriculture finds its ground with the increasing popularity of organic and green agriculture across the globe. North America and Europe are the primary consuming regions of agricultural enzymes accounting for more than half of the global market share. Increasing concern over environment, drive for safe agriculture, and application of advanced farming technologies are the major factors influencing the growing demand for enzymes in these regions. Market in Asia-Pacific region would exhibit highest growth rate led by China and India’s agriculture sectors. Increasing awareness among farmers regarding ill effects of chemical products, popularity of organic agriculture and increasing investment for new product developments drive the market in the region.

Many local and global players are actively involved in the agricultural enzymes market. Some of the major global players with substantial market share include Bioworks Inc., Camson Bio Technologies Ltd, Novozymes A/S and Stoller Inc. etc. Increasing investments on product innovation and development has been the major longterm strategy for the major players in the recent past. Further, research and development, both at government level and private level would help the market to grow economically.

In this report we offer,

Market analysis for the Global 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 Global 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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