The Global Agricultural Enzymes for Crop Control Market is projected to reach USD 1.15 billion by 2027. The sector is expected to be powered by increasing food security needs due to rapid population growth, developments in farming technology, and increased demand for chemical-free goods. Companies are developing advanced techniques for storing water and energy-saving agricultural enzymes.
The rising trend in organic farming and increased demand for organic food play a critical role in raising demand for agricultural enzymes from the consumers. Another factor expected to fuel the development of the global market for agricultural enzymes is the increase in production yield patterns in the urban area.
Top Companies Operating in the Global Agricultural Enzymes for Crop Control Market:
Novozymes A/S, Syngenta AG, BASF SE, Agrinos as, Stoller USA Inc., Bioworks, Inc., Agri Life, Bayer Cropscience AG, Monsanto Company, Koninklijke DSM N.V., E. I. Du Pont De Nemours and Company, AB Enzymes, Deepak Fertilisers, Petrochemicals Corporation Limited, Aries Agro Limited and Camson Bio Technologies Limited
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Further key findings from the report suggest
- The primary growth of the market comes from the usage of agricultural enzymes in the soil that are used as the soil fertility indicator, owing to their resilience and quick action to soil control than the soil variables.
- The growth of the global market for agricultural enzymes propelled by main factors such as increasing food security needs due to rapid population growth, developments in farming technology, and growing demand for chemical-free goods. Companies are designing cutting-edge technologies for processing agricultural enzymes that conserve water and energy.
- In recent years, all of the major market players have invested heavily in RD initiatives, contributing to the invention of several innovative products. Major players aim to enhance their product portfolio by strategic mergers and acquisitions of small and medium-scale companies. In the coming years, therefore, an intense rivalry among players is expected.
- In January 2017, Monsanto collaborated with Novozymes A/S (Denmark) to create the BioAg Partnership. This coalition produced a new drug called the Acceleron B-300 SAT that improves and enhances plant nutrient absorption.
- In March 2019, Kemin Industries entered into a strategic collaboration with the partnering China-based company CRVAB Bio-Technology Ltd to expand its production globally through the technological exchange of fermentation and production capacities.
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The Agricultural Enzymes for Crop Control Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Agricultural Enzymes for Crop Control Market.
The global Agricultural Enzymes for Crop Control Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Enzyme Type Outlook (Revenue, USD Billion; 2017-2027)
- Phosphatases
- Dehydrogenases
- Sulfatases
- Proteases
- Lipases
- Polymerases
Crop Type Outlook (Revenue, USD Billion; 2017-2027)
- Cereals and Grains
- Oilseeds and Pulses
- Fruits and Vegetables
- Turf and Ornamentals
- Others
Application Outlook (Revenue, USD Billion; 2017-2027)
- Crop Fertility
- Crop Growth Enhancing
- Crop Control
- Others
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