29.05.2019 Бизнес

Agricultural Enzymes Market Analysis Provides Comprehensive Understanding Of The Market With The Help Of Informed Market Outlook

Major factors witnessed in the global agricultural enzymes market are rising sales of enzymes for organic farming and increasing demand for organic food. Additionally, the rise in need of improving the production yields in a limited arable land is another factor propelling the demand for these enzymes. Due to rise in sales, major players in the agricultural enzymes industry are making large investments in research and development (R&D) of the enzymes. R&D experts are preparing enzymes for insertion in compost activators, biological fertilizers, and for direct application in soil and on plants.

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The agricultural enzymes market is categorized on the basis of crop type as cereals and grains, oilseeds and pulses, fruits and vegetables, and turf and ornamentals. Cereals and grains category holds a significant share in the agricultural enzymes industry, owing to the growing demand of cereals and grains throughout the globe. Fruits and vegetables is another leading category in the market, due to consumers’ growing preference toward organic food. Organically produced food such as banana, apple, strawberries, potatoes, and cabbage have medical benefit, which improves immunity.

Government regulations for producing agricultural enzymes are very stringent in countries such as the U.S. and Canada. According to U.S. Food and Drug Administration (USFDA), if the identified biological product problem is not rectified within a specified time period, the manufacturing of the respective product can be restricted. This would restrict the market growth in the future.

The agricultural enzymes market is segmented on the basis of type, application, crop type, and geography.

Based on application, the agricultural enzymes market is bifurcated into soil fertility and growth enhancement. In recent times, reduction in soil fertility has become a serious issue, which is resulting in increasing consumption of enzymes for improving the soil fertility. Soil fertility enzymes are key ingredients for increasing fertility level of soil and improving response time of crops. Growth enhancing enzymes are used for proper flowering and enhancement of cell division, which contribute to proper growth of plants.

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Based on the region, the agricultural enzymes market is classified into North America, Europe, Latin America (LATAM), Asia-Pacific (APAC) and Middle East and Africa (MEA). Globally, North America is expected to hold a significant share in the market during the forecast period, owing to increasing consumers inclination toward consumption of organic foods. The U.S. and Canada are investing huge amounts of capital and resources for the production of chemical-free products. Moreover, APAC is the fastest growing market, owing to the presence of emerging nations like India and China.

Major players operating in agricultural enzymes market are Novozymes A/S, Syngenta Crop Protection AG, BASF SE, Creative Enzyme, Enzyme India Pvt. Ltd., Cypher Environmental LTD, Afrizymes (Pty) Ltd., Specialty Enzymes & Biotechnologies, and American Biosystems Inc.