The increasing trend of environmental concerns in developing countries and advancements of R&D activities for technical enzymes are the major factors that are projected to drive the growth of this market during the forecast period.

The global technical enzymes market is projected to grow from USD 1.1 billion in 2019 to USD 1.5 billion by 2026, recording a compound annual growth rate (CAGR) of 4.0% during the forecast period.

The technical enzymes market is projected to grow from USD 1.1 billion in 2019 to USD 1.5 billion by 2026, recording a compound annual growth rate (CAGR) of 4.0% during the forecast period.

The technical enzymes market has been segmented, on the basis of type, cellulases, amylases, proteases, lipases and others. The market for lipases is expected to grow at the highest CAGR between 2016 and 2021.