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Agricultural Enzymes Market New Business Opportunities And Investment Research Report 2027

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.

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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.

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List of the leading companies operating in the Agricultural Enzymes Market Market include:

  • 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 

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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

·         Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)

·         North America (US, Canada, Mexico)

·         Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)

·         Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)

·         South America (Brazil, Argentina, Rest of South America)

Table of Content:

  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

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@prithvi19
November 9, 2020