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Agricultural Enzymes Market Analysis, By Type (Phosphatases, Dehydrogenases, Proteases, Sulfatases, and Others), By Crop Type (Cereals, Oilseeds & Pulses, Fruits & Vegetables, and Turf & Ornamentals), and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI107212 | Status : Ongoing

 

KEY MARKET INSIGHTS

Agricultural enzymes are biological catalysts or proteins primarily obtained from plant, animal tissues, or microbes. The popularity and utilization of agricultural enzymes have primarily increased due to the rising need to increase crop yield and the growing adoption of advanced farming practices. Agricultural enzymes have emerged as a highly effective tool, which helps to unlock stored nutrients to the plant roots. The products are expected to witness a higher acceptability rate among farmers.


Commonly used enzymes such as phosphatases, dehydrogenase, amylases, and others help in reducing the pests' attack on crop yields. Furthermore, the rise in health consciousness, increase in disposable income, and rising awareness regarding food security and soil health are boosting agricultural enzymes market size.

The products, when combined with selected microbes, are considered as an organic substitute for chemical means such as pesticides or fertilizers. The enzymatic activity has beneficial effects on soil health by balancing the chemical, physical, and biological components of soil. Furthermore, it supplies essential nutrients to the growing crops, even in the unfavorable conditions. Together with soil bioremediation, the enzymes support soil contaminant degradation. However, stringent government regulations, especially in the U.S. and Canada regions, and price sensitivity are the significant challenges projected to hinder the market growth.

Impact of COVID-19 on Agricultural Enzymes Market


The outbreak of the coronavirus pandemic has adversely impacted the global economy and product & service industries, including the agrochemical industry. The global trade witnessed a sudden halt leading to disruptions in the supply chain and mode of transportation owing to the shrink in the agricultural enzymes market growth. With rising health safety concerns, the surging demand for chemical-free products created a number of opportunities for manufacturers. However, the pandemic caused a higher impact on the agrochemicals industry in terms of demand and production.

Key Insights


The report will cover the following key insights:


  • Overview of parent/related market

  • Drivers, restraints, and opportunities

  • Key trends and innovations

  • Regulatory analysis

  • Impact of COVID-19 on the agricultural enzymes market 


Analysis by Application


Based on application, the market is segregated into cereals, oilseeds & pulses, fruits and vegetables, and turf & ornamentals. The importance of agricultural enzymes has been increasing due to their detoxifying role in soil as well as maintaining the yield quality. The agrarian enzymes are widely used in a variety of crops, such as cereals, fruits & vegetables, and oilseeds & pulses. The cereals and grains segment is expected to account for a major value in the market. This is due to a large area under the cultivation of cereal crops, influencing product adoption. These factors are set to boost the overall agricultural enzymes market share.

Regional Analysis


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The North America region held the largest revenue in the market due to the rising awareness and acceptance of bioagriculture practices. To maintain the market growth, countries such as the U.S. and Mexico, are focusing on investing in technological developments, which will further help in expanding the agricultural enzymes business. On the other hand, Asia Pacific is expected to witness a substantial growth in the upcoming years. This is due to the growing need for food security, rapid increase in population, and the increased demand for natural or premium quality products in the region.

Key Players


The report includes the profile of key players such as Agrinos Inc. (Agrinos AS), Aries Agro Ltd., BASF SE, Bayer Aktiengesellschaft, Deepak Fertilisers and Petrochemicals Corporation Limited, Corteva Agriscience, Stoller Group Inc, Bioworks Inc., AB Enzymes GmbH (Associated British Foods Plc), and Syngenta AG (China National Chemical Corporation Limited).

Segmentation 
















By Type


By Crop Type


By Geography



  • Phosphatases

  • Dehydrogenases

  • Proteases

  • Sulfatases 



  • Others




  • Cereals

  • Oilseeds & Pulses

  • Fruits & Vegetables

  • Turf and Ornamentals



 


  • North America (U.S., Mexico, and Canada)

  • Europe (Germany, France, Italy, Spain, U.K., Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, Rest of Asia Pacific)

  • South America (Brazil, Argentina, Rest of South America)

  • Middle East & Africa (South Africa, UAE, Rest of MEA)



Key Industrial Developments  



  • February 2021 - One of the leading biological solutions company, Novozymes, announced the launch of enzyme-based solutions for preserving the crop yield by entering into a collaboration with FMC. 

  • October 2020 - American Vanguard Solutions announced its acquisition of Agrinos, one of the leading biological crop inputs, to improve crop production and the soil condition of agricultural fields. The acquisition was facilitated by Vanguard’s subsidiary, AMVAC Chemical Corporation.





  • Ongoing
  • 2023
  • 2019-2022

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