Global Agricultural Enzymes Market Expected to Grow at a CAGR of 7.36% During the Period 2017-2021

Albany, US, 2017-Sep-16 — /EPR Network/ — Market Research Hub includes new market research report “Global Agricultural Enzymes Market 2017-2021″ to its huge collection of research reports.

This market research study identifies Agrinos, BASF, Bayer, Novozymes, and Syngenta as the leading players in the global agricultural enzymes market. A comprehensive analysis of this market is also presented by application (control products, growth enhancing products, and fertility products), by types (carbohydrases, proteases, lipases, and others), by crop types (fruits and vegetables, cereals and grains, pulses, and others), and by geography (the Americas, APAC, and EMEA).

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Overview of the global agricultural enzymes market

The demand for organic farming is increasing because it improves the health of the agro-ecosystem. This involves the enhancement of the biological activity of the soil, biodiversity, and biological cycles. Technavio’s research analysis has identified the growing preference for organic farming as one of the major factors that will have a positive impact on the growth of the on the agricultural enzymes market. Organic farming is not harmful as synthetic materials because they encourage the application of biological and mechanical practices. Additionally, it also minimizes the rate of pollution as they promote the health of soil, water, and air. The adoption of organic farming includes the usage of bio-products such as bio-pesticides or insecticides, bio-fertilizers, and bio-stimulants. This in turn, will boost the demand for agricultural enzymes. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 7% by 2021.

The rising shift in the preference of end users towards organic farming is driving the market for agricultural enzymes in the Americas. The implementation of the latest technologies with huge investments in research and developmental activities in North America will contribute growth to the market. The market will continue to grow in the region throughout the predicted period due to the rising focus on agriculture biotechnology and environment-friendly agricultural practices.

Competitive landscape and key vendors

The agricultural enzymes market has the presence of many players. The presence of many start-up organizations will strengthen the competitive environment of this marketspace. Technological advancement in products and competitive prices will further intensify the competition among the vendors.

Key vendors in this market are –

– Agrinos
– BASF
– Bayer
– Novozymes
– Syngenta

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Other prominent vendors in the market include AB Enzymes, Agrilife, American Biosytems, Aum Enzymes, BioWorks, Buckman Laboratories International, CAMSON, DFPCL, Direvo Biotech, DuPont, Enzymatic Deinking Technologies, Greenmax AgroTech, Specialty Enzymes & Biotechnologies, and Stoller USA.

Segmentation by application and analysis of the agricultural enzymes market

Control products

Growth enhancing products

Fertility products

The demand for agricultural enzymes is increasing in the control products segment due to their unique properties to withstand the changing weather conditions. The market will continue to grow for the next four years in this segment due to the ability of agricultural enzymes to enhance the growth of the crops and add nutritional value.

Segmentation by crop types and analysis of the agricultural enzymes market

Fruits and vegetables

Cereals and grains

Pulses

The cereals and grains segment includes wheat, barley, rye, and oats that consist of enzymes such as α-amylase, endoxylanase, and proteases. Other cereals grown in smaller quantities include triticale, rye, oats, and spelt. The demand for cereals and grains is high in Europe because they are used in animal feed and in production of biofuels. This in turn, will drive the demand for agricultural enzymes in this segment.

Key questions answered in the report include

– What will the market size and the growth rate be in 2021?

– What are the key factors driving the global agricultural enzymes market?

– What are the key market trends impacting the growth of the global agricultural enzymes market?

– What are the challenges to market growth?

– Who are the key vendors in the global agricultural enzymes market?

– What are the market opportunities and threats faced by the vendors in the global agricultural enzymes market?

– What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?

– What are the key outcomes of the five forces analysis of the global agricultural enzymes market?

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