Global Agricultural Enzymes Market: Key Highlights
Global Agricultural Enzymes Market: Key Market Dynamics
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Global Agricultural Enzymes Market: Regional Overview
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.
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 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 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.
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