AGRICULTURAL ENZYMES MARKET TO REACH USD 520 MILLION BY 2027 | CAGR 9.8% – FORENCIS RESEARCH

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

Global Agricultural Enzymes Market: Key Highlights

  • According to the new market research report Agricultural Enzymes Market by Valve Type (Check, Gate, Plug, Pressure-Control), by Material (Metallic, Non-metallic), by Aircraft Type (Commercial, Military), by End-User (OEM, MRO), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2020 to 2027)”, the global Agricultural Enzymes market is estimated to reach USD 6 Billion by 2027 at a CAGR of around 5.4% during the review period.
  • Agricultural enzymes are bioactive proteins, which are 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
  • 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

Global Agricultural Enzymes Market: Key Market Dynamics

  • Growing consumer’s inclination towards organic food consumption coupled with increasing awareness of hazardous properties of pesticides has expected to boost the product market
  • Various stringent regulation imposed by different emerging economies has expected to boost the market growth 
  • Farmers reluctant to adopt microbe derived products may hinder the growth of agriculture enzyme market
  • Adoption of modern technology methods for farming practice to mitigate price has expected to pose an opportunity for the product market

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Global Agricultural Enzymes Market: Regional Overview

  • Europe

The agricultural enzymes market in the Europe region is projected to witness high demand due to increased emphasis of government on adopting sustainable farming substances, methods, and tools coupled with the presence of several Agricultural Enzymes promoting councils. Additionally, growing demand for organic food & drinks owing to its benefits has expected to drive the demand for Agricultural Enzymes market. For instance, according to Eurostats, in 2018 13.4 million hectors of agricultural land is under organic farming and the total area under organic farming continues is expected to increase.

  • Asia Pacific

Owing to effective transformation in various technological advancements has expected to surge the demand for agriculture in the region. Significant adoption of Agricultural Enzymes can be witnessed in emerging economies such as China, Australia, India, Indonesia, and Japan. Moreover, market players such as Sea6 Energy (India) are exclusively offering seaweed-based Agricultural Enzymes along with technological platforms such as TARMA and SPURT.

Global Agricultural Enzymes Market: Key Players Overview

  • Novozymes:

Novozymes was incorporated in 2000 and is a leader in biological solution. The company's focus is the research, development and production of industrial enzymes, microorganisms, and biopharmaceutical ingredients. In February 2017, Novozymes A/S (Denmark) launched advanced enzymes Spirizyme T a suite of glucoamylase enzymes with trehalase. It also helps in enhancing the yields in plants.     

  • Agrinos AS:

Agrinos AS is Norway based biotechnology company.  The Company is focused on agriculture and has developed products to enhance yields of crops and improve its immune system to enable them to withstand disease and pest attacks. In January 2017, Agrinos AS (Norway) announced a distribution partnership with Van Diest Supply Company based in Webster City, Iowa. This partnership will offer crop solution to growers and retailers throughout Midwest area of U.S. to increase biostimulant nutrition product lines for plant and soil health.

About Forencis Research

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Our robust research methodology is designed to constantly map the high growth markets in various industries. This facilitates enhanced decision-making capabilities to our clients. Our robust research methodology is designed to constantly map the high growth markets in various industries. This facilitates enhanced decision-making capabilities to our clients. We strive to help our clients to foray into uncharted space to attain increased revenue growth for the present as well as the future.

 

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Rep Id : AG 012

Published : 2020-07-16

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