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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.
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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
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