Global Agricultural Enzymes Market to Reach USD 0.909 Million by 2028According to the latest research by SkyQuest Technology, the Global Agricultural Enzymes Market was valued at USD 0.429 Million in 2021, and it is expected to reach USD 0.909 Million by 2028, with a CAGR of 11.3% during the forecast period of 2022- 2028. The research provides up-to-date agricultural enzymes market analysis of the current market landscape, latest trends, drivers, and overall market environment.
Agriculture enzymes are biological catalysts that accelerate chemical reactions to release nutrient-blocking substances from the soil. These enzymes assist in increasing plant output and quality by purging pesticide, herbicide, and chemical fertilizer-contaminated soil. Agricultural enzymes are widely used in the bioprocessing of fibres, enzyme-assisted silage fermentation, processing of crops and crop residues, and manufacturing of various animal feed supplements since they also neutralise both acid and alkaline soils.
Due of their biodegradability, enzymes are a preferred choice in organic and sustainable farming. Due to a rise in the usage of organic biological products such agricultural enzymes, sales of organic foods climbed by around 2% in 2021 to reach USD 57.5 billion. This contrasts with a growth rate of 12.8% in 2020 and a rise of 4.6% in 2019. Additionally, sales of organic fruits and vegetables climbed by roughly 4.5% in 2021 to surpass USD 21 billion, accounting for a 15% share of the whole segment. Over the course of the forecast period, these elements are anticipated to drive the market for agricultural enzymes.
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Read market research report, "Global Agricultural Enzymes Market By Product Type (Fertility Products, Growth Enhancing Products, Control Products, and Others), Crop Type (Cereals & Grains, Oilseeds & Pulses, Turf & Ornamentals and Others), and Region -Forecast and Analysis 2022-2028" by SkyQuest
The agricultural enzymes market will likely be dominated by North America. dependent to a number of factors, including the kind of soil, the established economy, and agricultural technology advancements. The United States is making significant investments in technologies to create chemical-free goods for the agricultural sector. The market in this area will grow as a result of ongoing projects, growing farmer acceptance of genetically modified (GM) seeds, and expanding awareness of organic farming.
Also, As farmers become more aware of the advantages of employing agricultural enzymes during farming activities, Asia-Pacific is anticipated to see the greatest CAGR during the forecast period.
The prominent market players are constantly adopting various innovation and growth strategies to capture more market share. The key market players are DuPont, BASF SE, Bayer AG, American Biosytems, Agrinos AS, among others.
The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about Agricultural Enzymes Market Revenue. The projections featured in the report have been derived using proven research methodologies and assumptions.
Drivers- Growing demand for organic food, rising consumer adoption of biological agricultural goods, and enhanced R&D and marketing initiatives by key players are the drivers propelling the market for agriculture enzymes.
Restraint- In nations like the U.S. and Canada, government rules for the production of agricultural enzymes are extremely strict. The manufacture of the specific product may be halted, according to the U.S. Food and Drug Administration (USFDA), if the detected biological product concern is not resolved within a given time frame. The future expansion of the market would be restricted by this.
What does this Report Deliver?
Market Estimation for 20+ Countries
Agricultural Enzymes Market demand by Region, Sub-Region, and Country
Customization on Segments, Regions, and Company Profiles
100+ tables, 150+ Figures
Global, Regional and Country specific Agricultural Enzymes Market Trends
Comprehensive Mapping of Agricultural Enzymes Industry Parameters
Attractive Investment Proposition in the Global Agricultural Enzymes Industry
Competitive Strategies Adopted by Agricultural Enzymes Market Key Players
Drivers, Restraints, Opportunities, Challenges and the impact on the Agricultural Enzymes Market Size
Market growth rate till 2028
Regulatory scenario, regional dynamics, and Agricultural Enzymes market insights of leading countries in each region
In-depth Market insights by Region and Country
Market Segmentation Trend Analysis, Opportunities and Growth
Porter's five force analysis to know the market's condition
Pricing Analysis and Agricultural Enzymes Market Sales
Parent market analysis
Product portfolio benchmarking
Speak with our analyst for more information: https://skyquestt.com/speak-with-analyst/agricultural-enzymes-market
SkyQuest has segmented the Global Agricultural Enzymes Market based on Product Type, Crop Type, and Region:
Global Agricultural Enzymes Market by Product Type (Revenue, USD million, 2021 - 2028)
Growth Enhancing Products
Global Agricultural Enzymes Market by Crop Type (Revenue, USD million, 2021 - 2028)
Cereals & Grains
Oilseeds & Pulses
Turf & Ornamentals
Global Agricultural Enzymes Market By Region (Revenue, USD million, 2021 - 2028)
Rest of Europe
Rest of Asia Pacific
Central & South America
Rest of CSA
Middle East & Africa
Rest of MEA
Key Players in the Global Agricultural Enzymes Market
Bayer Cropscience AG (Germany)
BASF SE (Germany)
Syngenta AG (Switzerland)
Novozymes A/S (Denmark)
DSM N.V. (The Netherlands)
Bioworks, Inc. (US)
AB Enzymes (Germany)
Agrinos AS (US)
Stoller USA Inc. (US)
Aries Agro Limited (India)
Agri Life (India)
Deepak Fertilizers and Petrochemicals Corporation Limited (India)
Greenmax Agro Tech (India)
Ecozyme (South Africa)
SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.
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