Increase in Trend of Organic Farming and Demand for Organic Food Drive Agricultural Enzymes Market

The major factors that are expected to be driving the inclination toward agro-biologicals due to rise in prices of agro-chemicals, growth in organic farming and demand for organic food, and increase in production yield from limited arable land.

(EMAILWIRE.COM, January 30, 2020 ) The agricultural enzymes market is experiencing growth in the European region which is one of the major consumers of the agricultural enzymes market. In Europe, enzymes and micro-organisms are used to make bio-based products for agriculture with the help of biotechnology. This has resulted in the overall growth of the agricultural enzymes market. The North American market accounted for the largest share in 2016 owing to factors such as increasing concerns about the environment, awareness about agricultural biotechnology, and application of advanced farming technologies.

Key players identified in the agricultural enzymes market include:

• 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)
• Bayer AG (Germany)
• Agrinos AS (Norway)
• Stoller USA, Inc. (U.S.)

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Enzymes are also present in the soil, which are mainly secreted by the microbes in the plant root and are used in a wide range of other agro-biotechnological processes, such as enzyme-assisted silage fermentation, bioprocessing of crops and crop residues, fiber processing, and production of feed supplements to improve feed efficiency. The agricultural enzymes market is growing rapidly with the increasing demand from the agricultural sector to optimize yield.

The agricultural enzymes market is segmented on the basis of crop type into cereals & grains, oilseeds & pulses, fruits & vegetables, and turf & ornamentals. The cereals & grains segment is projected to grow at the highest CAGR from 2017 to 2022. Agricultural enzymes are used for most cereal crops to enhance yield as they fertilize the soil and enhance plant growth. The turf & ornamentals segment accounted for the largest share in the North American market in 2016.

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Based on by type, the agricultural enzymes market is segmented into phosphatases, dehydrogenases, proteases, sulfatases, and others (beta-glucosidase, cellulases, and urease). The phosphatases segment is projected to grow at the highest CAGR during the forecast period. Phosphatase enzymes play a key role in the soil system and are capable of catalyzing hydrolysis of esters and anhydrides of phosphoric acid.

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