Agricultural Enzymes Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The Global Agricultural Enzymes Market is projected to grow at a CAGR of 9.2% during the forecast period (2021-2026).

• The factors driving the market are the natural composition of the enzymes. The enzyme products developed are naturally produced and are not genetically engineered or modified making them very safe to use and environmentally friendly.  These products have gained wide acceptance in the agricultural and farming sectors in the past few years.
• North America and Europe holds a major share in the market. In Europe, Germany forms one-fifth of the agricultural enzymes market share in the region. The market in Spain, the UK, and France are anticipated to grow as the export-oriented agriculture industry rises. The new and small markets in the Europe would provide future growth opportunities in the region.
• The market is not severly affected across the globe as an impact of COVID-19. Inspite of COVID-19 there is an inclination towards sustainable and organic faming which in turn is anticipated to propel the market growth. However, the initial supply disruptions across the globe had a negative impact on the market during the initial months of the year 2020.

Scope of the Report

Agricultural enzymes act as biological catalysts and find extensive use in agriculture-based biological procedures like processing of crop and crop residues, silage fermentation and bio processing of fibers.

The global agricultural enzymes market is segmented by type into carbohydrases, proteases, lipases and polymerases & nucleases. By application the market is segmented into crop protection, fertility and plant growth regulation. By crop type the market is segmented into grains and cereals, oilseeds and pulses, fruits and vegetables and other crop types. The market is also segmented by geography into North America. Europe, Asia-Pacific, South America and Middle East and Africa.

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Key Market Trends

Popularity of Organic Food Consumption Driving the Market

The growing demand for organic food , along with the increasing awareness among people about hazardous properties of pesticides, has raised the demand for green and naturally sourced agrochemicals over the years. Agricultural enzyme assays are emerging as technological tools for various applications in environmental and ecosystems management. Several enzymes have shown sensitivity in reflecting early changes in soil quality due to soil management long before there are measurable changes in total nutrient levels. This holds potential to guide ecosystem management for long-term sustainability. Enzymes affect microbial functions and nutrient cycling, are important indicators of organic matter decomposition, and provide required microbial nutrients. Moreover, the rising government concerns over food and environment safety in Asia-Pacific and Latin America are the factors that are boosting the farmers of various regions to adopt bio-based chemicals in place of their conventional chemical counterparts. These factors are likely to drive the agricultural enzymes market over the forecast period.

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