Agricultural Enzymes Market

Agricultural enzymes are eco-friendly microbial enzyme based on bio-chemical technology and involve the use of living microorganisms to improve farming practices. The agricultural enzymes are bioactive protein molecules which are used to protect against various pests & diseases and enhance the fertility of the soil. It is also used to improve nutrient content in composting, enriching the organic soil matter in fertilization, and ensures crop productivity. In addition to this, agricultural enzymes detoxify the effect of hazardous pesticides and industrial wastes. The global market for agricultural enzymes can be categorized on the basis of various types such as phosphatases, dehydrogenases, proteases, sulfatases, ureases and others.

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Agricultural Enzymes Market Key Drivers

The major factors which are driving the growth of the global agricultural enzymes market include increasing demand for the agro-biological products to fulfil the food supply, rising crop production in limited arable land, and the high adoption of modern farming practices at minimum cost across the globe. Rising adoption of organic farming among the farmers and increasing demand of organic food among consumers are propelling the demand of the global agricultural enzymes market during the forecast period.

The rising price of chemical fertilizers enables the farmers to shift towards agricultural biological products such as biofertilizers, biopesticides, and bio-enzymes, thereby surging the growth of the global agricultural enzymes market. Moreover, the increasing adoption of the modern agricultural practices to improve crop genetics, maintenance of soil fertility, and stimulate plant growth with minimum disturbance and negligible soil loss will further support the growth of the global agricultural enzymes market. However, strict international policies ad regulations related to the biological products is expected to be hamper the growth of the global agricultural enzymes market.

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Based on type, the phosphatases segment is projected to grow at a higher CAGR during the forecast period due to the increased demand for phosphates by the farmers globally. Phosphate enzymes helps in catalysing hydrolyses of esters & anhydrides of phosphoric acid for maintaining soil fertility. In addition to this, the phosphatases enzymes can solubilize soil mineral elements from phosphomonoesteraces, which is projected to be higher in the biological system, thereby driving the growth of the phosphatases segment.

Based on crop type, the cereals & grains segment is anticipated to lead the market during the forecast period due to the rising consumption of rice as a staple food in the developing countries, especially in the Asia-pacific region. Furthermore, rapid urbanization is a key factor which is creating demand for cereals & grains driven by the high standard of living, requirement of calories, food requirement, and increase in the income of individuals.

Based on product type, the soil fertility products segment is expected to grow at a higher CAGR in the global agricultural enzymes market due to the increasing usage of soil fertility products for more crop yield, crop yield potentiality, and profit for the farmers.

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Regional – Segment Analysis

Based on the region, North America region is predicted to dominate the agricultural enzymes market during the forecast period owing to the rising environmental concern in the preservation of the fertile arable land. In addition to this, the growing awareness regarding agricultural biotechnology and the application of advance farming technologies among farmers is bolstering the demand for agricultural enzymes in the North America region. Stringent government guidelines regarding the import and export of enzymes, proteins, and extracts by the United States Department of Agriculture, is further driving the market growth of the North America region.

Top Market Players

Various notable players operating in the market include Syngenta AG, BASF SE, DuPont de Nemours, Inc., Novozymes A/S, Bayer AG, DSM, Bioworks, Inc., Chr. Hansen, Bioresource International, Inc., Aries Agro Limited, and Monsanto Company, among others.

Key Developments:

• • In 2020, Syngenta AG collaborated with Novozymes to launch a unique biofungicide i.e., TAEGRO® in Europe and Latin America. TAEGRO will protect from crop diseases such as botrytis and powdery mildew and maximise marketable yields.
  • In 2019, BASF launched Natuphos® E phytase enzymes for the feed industry in Indonesia. Natuphos E phytase enzymes facilitated environmentally friendly and more cost-effective prices to make livestock feed.

Segments covered in the Report:

The global agricultural enzymes market has been segmented based on type, crop type, product type, and regions. Based on type, the market is segmented Phosphatases, Dehydrogenases, Proteases, Sulfatases, Ureases, and Others. Based on the crop type, the market is segmented Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Turfs & Ornamentals, and Others. Based on product type, the market is segmented Soil Fertility Products, Plant Growth Enhancing Products.

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Key questions answered in this research report:

• • At what pace is the global agricultural enzymes market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global agricultural enzymes market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global agricultural enzymes market?
  • Which Type generated maximum revenues in 2019 and identify the most promising Type during the forecast period?
  • What are the various Crop Type areas of global Agricultural Enzymes market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Crop Type, By Product Type, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Syngenta AG, BASF SE, DuPont de Nemours, Inc., Novozymes A/S, Bayer AG, DSM, Bioworks, Inc., Chr. Hansen, Bioresource International, Inc., Aries Agro Limited, Monsanto Company, among others; A total of 11 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

   Market Segmentation

Global Agricultural Enzymes Market by Type

• • Phosphatases
  • Dehydrogenases
  • Proteases
  • Sulfatases
  • Ureases
  • Others

Global Agricultural Enzymes Market by Crop Type

• • Cereals & Grains
  • Oilseeds & Pulses
  • Fruits & Vegetables
  • Turfs & Ornamentals
  • Others

Global Agricultural Enzymes Market by Product Type

• • Soil Fertility Products
  • Plant Growth Enhancing Products

Global Agricultural Enzymes Market by Region

• • North America Agricultural Enzymes Market (Option 1: As a part of the free 25% customization)
    • North America Market by Type
    • North America Market by Crop Type
    • North America Market by Product Type
    • US Market All-Up
    • Canada Market All-Up
  • Europe Agricultural Enzymes Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Type
    • Europe Market by Crop Type
    • Europe Market by Product Type
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Agricultural Enzymes Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Type
    • Asia-Pacific Market by Crop Type
    • Asia-Pacific Market by Product Type
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Agricultural Enzymes Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Type
    • RoW Market by Crop Type
    • RoW Market by Segment 4
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating the Agricultural Enzymes (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Syngenta AG
  • BASF SE
  • DuPont de Nemours, Inc.
  • Novozymes A/S
  • Bayer AG
  • DSM
  • Bioworks, Inc
  • Hansen
  • Aries Agro Limited
  • Monsanto Company
  • Bioresource International, Inc.