DUBLIN, DUBLIN -- (SBWIRE) -- 03/02/2021 -- Agricultural Enzymes Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)

Key Drivers

The growing crop production in restricted arable land, the strong demand for agro-biological products to meet the food supply, and the high adoption of modern farming practices at reduced cost worldwide are the key drivers contributing to the growth of the global agricultural enzymes market size. The strong adoption of organic farming among the farmers and the rising demand for organic food among consumers are some other factors surging the demand of the market in the coming years.

The increasing cost of chemical fertilizers allows the farmers to drastically shift towards agricultural biological products, including biopesticides, biofertilizers, and bio-enzymes, thus propelling the growth of the global agricultural enzymes market share in terms of revenue. As per the agricultural enzymes market report, the growing adoption of modern agricultural practices to enhance crop genetics, balance soil fertility, and accelerate plant growth with the least disturbance and negligible soil loss will further stimulate the growth of the market. According to the agricultural enzymes market forecast, stringent international policies and regulations regarding biological products will hinder the growth of the global agricultural enzymes market.

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Agricultural Enzymes Market's leading Manufacturers:

- Syngenta AG
- BASF SE
- DuPont de Nemours, Inc.
- Novozymes A/S
- Bayer AG
- DSM
- Bioworks, Inc
- Hansen
- Aries Agro Limited
- Monsanto Company
- Bioresource International, Inc.

Type Segment Drivers

Based on type, the phosphatases is expected to grow at a faster CAGR in the coming years due to the high demand for phosphates by the farmers at a global level. Phosphate enzymes aids in catalyzing hydrolyses of esters & anhydrides of phosphoric acid for preserving soil fertility. Moreover, the phosphatases enzymes can solubilize soil mineral elements from phosphomonoesteraces, which is anticipated to be more in the biological system, thus supporting the growth of the market.

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Regional Drivers

Based on the region, North America is projected to lead the market over the coming years due to the growing environmental issue in the preservation of fertile arable land. Additionally, the increasing awareness associated with agricultural biotechnology and the application of advanced farming technologies among farmers is stimulating the market's demand. Strict government guidelines related to the export and import of proteins, enzymes, and extracts by the United States Department of Agriculture, is further fuelling the growth of the market.

Agricultural Enzymes Market Segmentation:

Segmentation 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:

- North America

o United States of America
o Canada

- Asia Pacific

o China
o Japan
o India
o Rest of APAC

- Europe

o United Kingdom
o Germany
o France
o Spain
o Rest of Europe

- RoW

o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)

Our Other Relevant Reports:

1. Agricultural Chelates Market
2. Agricultural Lubricants Market

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