According to IMARC Group’s latest report, Agricultural Enzymes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market exhibited strong growth during 2015-2020.Agricultural enzymes are bioactive compounds that act as catalysts to accelerate chemical reactions and enhance the absorption of soil nutrients in plants.
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They are commonly available in proteases, sulfatases, phosphatases and dehydrogenases variants. Agricultural enzymes are widely used for oilseeds, fruits, vegetables, grains and ornamentals crops. They aid in enhancing crop fertility, improving crop efficiency, growth and protecting against various pests and diseases. These enzymes are extensively used in agricultural-based biotechnological processing, such as processing of crops and crop residues, enzyme-assisted silage fermentation, bioprocessing of fibers and the production of various animal feed supplements.
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The global agricultural enzymes market is primarily being driven by significant growth in the agriculture industry, along with the increasing demand for organic food products among the masses. Moreover, the widespread adoption of environment-friendly compounds containing various bio-stimulants, bio-fertilizers and micro-organisms for the production of agricultural enzymes is providing a thrust to the market growth.
Other factors, including the rising concerns regarding food safety, along with the implementation of various government initiatives promoting sustainable agricultural practices, are anticipated to drive the market toward growth. Looking forward, IMARC Group expects the agricultural enzymes market to grow at a CAGR of around 10% during 2021-2026.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- AB Enzymes GmbH (Associated British Foods Plc)
- Agrinos Inc. (Agrinos AS)
- Aries Agro Ltd.
- BASF SE
- Bayer Aktiengesellschaft
- Bioworks Inc.
- Deepak Fertilisers and Petrochemicals Corporation Limited
- Dupont De Nemours Inc.
- Stoller Group Inc.
- Syngenta AG (China National Chemical Corporation Limited).
Breakup by Enzyme Type:
- Soil Fertility Products
- Control Products
- Growth Enhancing Products
- Cereals and Grains
- Oilseeds and Pulses
- Fruits and Vegetables
- Turf and Ornamentals
- North America
- United States
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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