Enzymes are the necessary activators in life processes and are known to play a major role in preserving soil health and its environment. Enzymes are vital for the growth of fruits and vegetables, oilseeds, pulses, grains and cereals. Agricultural Enzymes have become increasingly popular as they change the quality of end-product. It aids in humification of plant residues and supports the rooting and sprouting process in the early development phases. This has inclined the demand for Agricultural Enzymes and has strengthen the overall Global Agricultural Enzymes Market in the past few years. This market will showcase higher growth in the coming few years.
Global Agricultural Enzymes: Market Segmentation
The Global Agricultural Enzymes industry is divided on the basis of application, types of crop and by applications. The application segment is further break-down into fertility products, control products and growth augmenting product. Besides this, the product segment is also further segmented as lipases, proteases, carbohydrases, polymerases and nucleases. On the other hand, segment by type of crops are further sub-divided into fruits and vegetables, cereals and pulses and oilseeds and grains.
Rising inclination of organic food is intensifying the market for Global Agricultural Enzymes industry. Besides this, increasing health consciousness among people with respect to food with added chemicals will bolster the growth of Global Agricultural Enzymes market in the next six years. Apart from this, increasing demand for bio-fuels along with cost-efficiency, new farming procedures and higher investment in research and development will drive the market of Global Agricultural Enzymes.
Global Agricultural Enzymes: Regional Outlook
Geographically, the Global Agricultural Enzymes industry can be divided by major regions which include North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa. It has been noticed that, presently North America captures the major chunk in the overall Global Agricultural Enzymes market and is anticipated to dominate the industry owing to rising agricultural undertakings and enhancing crop protection. Besides this, Asia-Pacific zone will showcase expansion in future due to rapid development in the Chinese market. Inclination in population, higher preferences for enzymes as compared to chemicals will stimulate the growth of China agricultural enzymes market which will ultimately impact the Asian region.
Some of the major conglomerates capturing the substantial market share in the Global Agricultural Enzymes market includes Agrinos Inc. (Norway), Agri Life (India), Bioworks Inc. (U.S.), Novozymes (Denmark), Greenmax Agro Tech (India) and Stoller Inc. (U.S.)
