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Agricultural Enzymes Market worth $1,075.15 million by 2030, growing at a CAGR of 12.18% - Exclusive Report by 360iResearch
Agricultural Enzymes Market | 360iResearch
The Global Agricultural Enzymes Market to grow from USD 480.76 million in 2023 to USD 1,075.15 million by 2030, at a CAGR of 12.18%.
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Agricultural enzymes are enzymatic formulations that are used in agricultural practices to enhance crop productivity, provide protection against pests and diseases, and improve soil health and fertility. These enzymes are biologically sourced products that catalyze biochemical reactions necessary for plant growth and resilience. The scope of this market includes enzymes utilized in soil fertility, seed treatment, and plant growth regulation, among other applications. The growing population and the pressure to increase food production are driving the usage of agricultural enzymes. Rising demand for organic products boosts the use of natural agricultural inputs, including agricultural enzymes. The growing availability of policies favoring the reduction of chemical usage propels enzyme adoption, creating a platform for market growth. Increased focus by market vendors on improving enzyme formulations to enhance functionality, stability, and weather resilience is anticipated to expand the scope of the market. The rising integration of smart farming technologies with enzyme-based products to optimize application and efficiency is expected to create opportunities for market growth.
The agricultural enzymes market in the Americas is rapidly expanding owing to the increasing consumer preference for organic agricultural products with ongoing research and development (R&D) activities for novel product development. The massive presence of agricultural lands in developing economies and favorable government initiatives for organic farming assist the growth of agricultural enzymes in the Americas. Countries such as Argentina, Colombia, Cuba, Mexico, and the United States have significant agricultural land contributing to economic growth and gross domestic product (GDP). The Asia-Pacific region witnesses a potent presence of global market players with diverse soil and agricultural enzyme portfolios. The availability of cultivable land to produce more quantity, variety, and quality is heightening the demand for agricultural enzymes. The market growth in EMEA is primarily driven by the increasing focus of developed and developing economies on food security and government encouragement of sustainability in the agricultural sector. The rising demand for organic food products in Europe, the Middle East, and Africa has led governments to strengthen agriculture biological product regulations to ensure their quality. Agriculture enzymes, classified as organic fertilizers, are regulated and certified by government agencies to ensure they are free from possible adulterants.
Market Segmentation & Coverage:
This research report categorizes the Agricultural Enzymes Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Beta-Glucosidase, Cellulases, Dehydrogenases, Phosphatases, Proteases, Sulfatases, and Ureases. The Beta-Glucosidase commanded largest market share of 16.11% in 2023, followed by Proteases.
Based on Product, market is studied across Growth Enhancing Products and Soil Fertility Products. The Growth Enhancing Products commanded largest market share of 64.28% in 2023, followed by Soil Fertility Products.
Based on Crop Type, market is studied across Cereals & Grains, Fruits & Vegetables, Herbs & Spices, Oilseeds & Pulses, and Turfs & Ornamentals. The Cereals & Grains commanded largest market share of 32.17% in 2023, followed by Oilseeds & Pulses.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.37% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Agricultural Enzymes Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Agricultural Enzymes Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Agricultural Enzymes Market, highlighting leading vendors and their innovative profiles. These include AB Enzymes GmbH, Advanced Bio-Agro Tech Limited, Agri Life, American Biosystems, Inc., BASF SE, Bayer AG, BioResource International, Inc., Caprienzymes, Corteva, Inc., Creative Enzyme, Cypher Environmental Ltd., Elemental Enymes, Episome Biyoteknolojik Ürünler AŞ, FMC Corporation, Geolife Group, Ginkgo Bioworks, Inc., Infinita Biotech Private Limited, Keva Kaipo Industries Pvt Ltd, Lifespan BioSciences, Inc., Novozymes A/S, Novus International, Inc., Phytozymes Biotech, SIPCO Innovations Inc., Soil Technologies Corporation, South Cascade Organics, Stoller USA, Inc., and Syngenta AG.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Agricultural Enzymes Market, by Type
7. Agricultural Enzymes Market, by Product
8. Agricultural Enzymes Market, by Crop Type
9. Americas Agricultural Enzymes Market
10. Asia-Pacific Agricultural Enzymes Market
11. Europe, Middle East & Africa Agricultural Enzymes Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Agricultural Enzymes Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Agricultural Enzymes Market?
3. What is the competitive strategic window for opportunities in the Agricultural Enzymes Market?
4. What are the technology trends and regulatory frameworks in the Agricultural Enzymes Market?
5. What is the market share of the leading vendors in the Agricultural Enzymes Market?
6. What modes and strategic moves are considered suitable for entering the Agricultural Enzymes Market?
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