Agricultural Enzymes Market by Enzyme Type (Phosphatases, Dehydrogenases), by Crop Type (Cereals & Grains, Oilseeds & Pulses), by Product Type (Fertility Products, Control Products), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast 2020 to 2027

Agricultural Enzymes Market - Global Industry Analysis and Forecast 2020 to 2027

Agricultural Enzymes Market: Summary

The Global Agricultural Enzymes Market is projected to reach a value of over USD 520 million by 2027 at a CAGR of around 9.8%.

Agricultural enzymes are bioactive proteins, that used instead of chemicals for food production and protection. It Is catalyst which prompts chemical reactions that unlocks the soil, releasing nutrients that might remain chemically bound and unavailable to the probing plant roots. The growing importance of enzymes for soil has, laboratories are producing them to include in biological fertilizers and compost activators and for direct application to the soil.

Agricultural Enzymes Market

Agricultural Enzymes Market: Drivers & Challenges

Market Driver:

  • Consumer Inclination Towards Organic Food Consumption

Growing consumer’s inclination towards organic food consumption coupled with increasing awareness of hazardous properties of pesticides has raised the demand for green and naturally sourced agrochemical. According to Organic eprint, global sales of organic food and drink reached more than USD 109.76 million in 2018. Moreover, rising government concerns over food & environmental safety in various regions have led stringent regulations such as Integrated Pest Management (IPM). This has enforced farmers to adopt bio-based chemicals in place of their conventional chemical counterpart. Organic fruits such as banana, apple, and strawberries have medical benefits such as preventing cancer, enhancement of immunity and reducing inflammation. These factors are likely to drive the agricultural enzyme market during the forecasted period.

Market Challenge:

  • Farmers Reluctant to Adopt Microbe-Derived Products

Despite several efficient fertilizer products, farmers are concern about the performance of microbe. Moreover, farmers are accustomed to chemical pesticides and are reluctant to change their practice. The storage of microbial products is of great concern. In addition to this, the awareness regarding microbe amongst farmers is low Moreover, different chemical pesticides have different application procedures of which farmers are unaware of the benefits of microbial products, which ultimately altering their adoption. Thus, the reluctant nature of farmers to adopt micro-derived may pose a challenge to the growth of the market. Companies would need to invest significantly in developing marketing programs, educating masses, and conducting field trials to improve farmers’ perception of microbial products.

Agricultural Enzymes Market: Key Segments

  • Segmentation based on enzyme type: Phosphatases, Dehydrogenases, Sulfatases, and Others
  • Segmentation based on crop type: Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Turf & Ornamentals, and Others.
  • Segmentation based on product type: Fertility Products, Growth Enhancing Products, and Control Products
  • Segmentation based on region covers: North America, South America, Europe, Asia-Pacific, Middle East & Africa  with individual country-level analysis.

Agricultural Enzymes Market: Report Scope

The report on the Agricultural Enzymes market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2019-2027

Base Year for Market Calculation

2020

Forecasted Period

2021-2027 (2021 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million)

Segments Included

Enzyme Type, Crop Type, Product Type and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

Key Companies Covered

  • Novozymes A/S (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Syngenta AG
  • BASF SE
  • Dow
  • DSM
  • Bioworks, Inc.
  • Agri Life
  • Bayer AG
  • Monsanto Company
  • Stollerusa
  • AB Enzymes
  • Agrinos As
  • Lonza Group
  • Aries Agro Limited 
  • Other Key Companies

Agricultural Enzymes Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Agricultural Enzymes Market, by Enzyme Type

  • Phosphatases
  • Dehydrogenases
  • Sulfatases
  • Others

Agricultural Enzymes Market, by Crop Type

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

Agricultural Enzymes Market, by Product Type

  • Commercial
  • Military
  • Business & General

Agricultural Enzymes Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Report Audience

  • Agricultural Enzymes Market Providers
  • Agricultural Enzymes Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Agricultural Enzymes Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE AGRICULTURAL ENZYMES MARKET STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Consumer Inclination Towards Organic Food Consumption
      2. Inclination Toward Agro-Biologicals 
    3. Restraint
      1. Stringent International Regulations Related to Biological Products 
    4. Opportunities
      1. Adoption of Modern Farming Practices to Mitigate Costs
    5. Challenges
      1. Farmers reluctant to Adopt Microbe-Derived Products
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL AGRICULTURAL ENZYMES MARKET BY ENZYME TYPE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Phosphatases
    3. Dehydrogenases
    4. Sulfatases
    5. Others
  7. GLOBAL AGRICULTURAL ENZYMES MARKET BY CROP TYPE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Cereals & Grains
    3. Oilseeds & Pulses
    4. Fruits & Vegetables
    5. Turf & Ornamentals
    6. Others
  8. GLOBAL AGRICULTURAL ENZYMES MARKET BY PRODUCT TYPE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Fertility Products
    3. Growth Enhancing Products
    4. Control Products
  9. GLOBAL AGRICULTURAL ENZYMES MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  10. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  11. COMPANY PROFILES
    1. Novozymes
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Syngenta AG
    3. BASF SE
    4. Dow
    5. DSM
    6. Bioworks, Inc.
    7. Agri Life
    8. Bayer AG
    9. Monsanto Company
    10. Stollerusa
    11. AB Enzymes
    12. Agrinos As
    13. Lonza Group
    14. Other Key Companies
  12. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : AG 012

Published : July, 2020


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