Latest Regulatory Trends Impacting the Agricultural Enzymes Market

The report "Agricultural Enzymes Market by Type (Phosphatases, Dehydrogenases, Sulfatases), Product Type (Fertility Products, Growth Enhancing Products), Crop Type (Cereals & Grains, Oilseeds & Pulses, Turf & Ornamentals), and Region - Global Forecast to 2022", The global agricultural enzymes market is projected to grow at a CAGR of 11.2% to reach USD 474.7 million by 2022 in terms of value. The agricultural enzymes market is growing rapidly owing to factors such as cost savings and increasing demand for biofertilizers. The trend towards sustainable industrial agriculture has created opportunities for agricultural enzyme manufacturers to generate significant revenues by developing enhanced and high-quality products for customers.

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By type, the phosphatases segment is expected to grow at the highest growth rate during the forecast period

Among the types segment, the phosphatases segment is expected to grow at the highest CAGR during the forecast period. Phosphatases enzymes helps in catalyzing hydrolyses of esters and anhydrides of phosphoric acid, apart from being good indicators of soil fertility. They also place a key role in soil system; the ability to solubilize soil mineral elements by these phosphomonoesteraces is expected to be higher in biologically managed systems, because of a higher quantity of organic carbon found in those systems. There have been few studies examining the influence of management options in the ecosystem on phosphatases activity in soil where most crops are grown. Such factors drive the phosphatases segment of the agricultural enzymes market.

By crop type, the cereals & grains segment to record the largest market share during the forecast period

The cereals & grains crop type recorded largest market share in the 2016. Rice is the most widely consumed staple food for a large part of the global human population, especially in the Asia-Pacific region. Globally, rice is the second most widely produced grain, after corn. Asian countries accounted for about 90.5% of the global rice production in 2015. The climate in the Asia-Pacific region is suitable for the cultivation of cereals & grains. Cereal consumption in the Asia-Pacific region varies in accordance with the respective geographic and climatic conditions. Urbanization is one of the factors driving the demand for cereals & grains owing to different lifestyles, calorie requirements, increase in income, and food requirements. Agricultural enzymes are used for most cereal crops to enhance the yield as they fertilize the soil and enhance plant growth. As cereals are grown in most countries, the global demand for agricultural enzymes is also projected to grow.

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Europe: Lucrative market for opportunities for the agricultural enzymes market

In 2016, North America accounted for the largest share of the global agricultural enzymes market. The market in Europe is also projected to grow at a significant CAGR during the forecast period. This region comprises countries such as France, Spain, Germany, Italy, the U.K., and Rest of Europe wherein the Spain is a key producer of various agricultural applications. This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Novozymes A/S (Novozymes BioAg) (Denmark), Syngenta AG (Switzerland), E. I. du Pont de Nemours and Company (U.S.), Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), and Bayer AG (Germany)

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