Agricultural Enzymes Market Size, Share, Industry Trends & Forecast

Agricultural Enzymes Market

The Agricultural Enzymes Market is estimated to grow at a robust CAGR over the forecast period (2020-2027).

The factors driving the growth of Agricultural Enzymes Market includes surge in the prices of agro-chemicals, rise in the consumption of organic food and beverages around the world and increasing awareness amongst farmers about the environment friendly properties of agriculture enzymes. According to the report published by Bloomberg, the Global Organic Food Market is anticipated to reach USD 564.22 billion by the end of 2030, expanding at a CAGR of 13% over the forecast period (2022-2030), which is expected to boost the Agricultural Enzymes Market Growth in the approaching years. In addition, growing popularity of biological products such as biopesticides and bio-enzymes, rising adoption of modern practices by farmers and increasing use of agriculture enzymes to improve crop fertility and protect it against pests and fertilizers, are some of the additional factors supplementing the Agricultural Enzymes Market share. Moreover, the increasing investments by leading players on research and development, rising disposable incomes and growing population growth rates, are further propelling the Agricultural Enzymes Market size.

Request a free sample of this report

However, the growth of Agricultural Enzymes Market is hindered due to strict regulations imposed by Governments regarding the production of agriculture enzymes.

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

Type: Segment Analysis

Based on Type, the Phosphatases segment is anticipated to expand at a remarkable CAGR during the forecast period because the phosphatases aids in catalyzing hydrolyses of esters and are good indicators of soil fertility.

Crop Type: Segment Analysis

Based on Crop Type, the Cereals & Grains segment is expected to hold the highest market share over the forecast owing to rise in the consumption of rice as a staple food and improvements in living standards across the globe.

Regional: Segment Analysis

Based on Region, the North American region is predicted to capture the largest market share over the forecast period. Rise in the demand for organic food, growing adoption of modern techniques by farmers, increasing awareness about agriculture technology, rapid urbanization, and high per capita incomes, are some of the important factors augmenting the market growth.

Market Segmentation

Segmentation Market by Type

  • Phosphatases

  • Dehydrogenases

  • Proteases

  • Sulfatases

  • Ureases

  • Others

Segmentation by Crop Type

  • Cereals & Grains

  • Oilseeds & Pulses

  • Fruits & Vegetables

  • Turfs & Ornamentals

  • Others

Segmentation by Product Type

  • Soil Fertility Products

  • Plant Growth Enhancing Products

Segmentation by Region

  • Asia Pacific

    • China

    • Japan

    • India

    • Rest of APAC

  • North America

    • United States of America

    • Canada

  • Europe

    • United Kingdom

    • Germany

    • France

    • Spain

    • Rest of Europe

  • RoW

    • Brazil

    • South Africa

    • Saudi Arabia

    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact

Company Name: GMI RESEARCH

Contact Person: Sarah Nash

Email: enquiry@gmiresearch.com

Phone: Europe – +353 1 442 8820; US – +1 860 881 2270

Address: Dublin, Ireland

Website: https://www.gmiresearch.com/