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.
Market Driver:
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:
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.
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 |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Agricultural Enzymes Market, by Enzyme Type
Agricultural Enzymes Market, by Crop Type
Agricultural Enzymes Market, by Product Type
Agricultural Enzymes Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE AGRICULTURAL ENZYMES MARKET STUDY
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