A recent report published by Infinium Global Research on the agricultural enzymes market provides an in-depth analysis of segments and sub-segments in the global as well as regional agricultural enzymes market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional agricultural enzymes market over the short term as well as the long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global agricultural enzymes market. According to the report, the global agricultural enzymes market is projected to grow at a significant CAGR over the forecast period of 2022-2028.
Protein-based enzymes are biological catalysts that quicken chemical reactions. Agricultural enzymes work as catalysts to speed up the chemical process that releases the nutrients from soil particles and makes them accessible to plant roots. Without an agricultural enzyme, these nutrients would have stayed immobilized in the soil and unavailable to the plants. Enzymes for agriculture are added to the feed to boost plant productivity and quality.
One of the key factors fueling the growth of the agricultural enzyme market is the rise in environmental concerns worldwide. The rise in demand for pest-specific biocontrol agents, the move toward organic farming, and the need for organic food accelerate the market's expansion. The market is also influenced by the escalating regulatory requirements, negative consequences associated with the usage of synthetic plant protectants, and rising output yields from dwindling arable land. Additionally, the market for agricultural enzymes is positively impacted by the growth in precision farming, surge in investments, surge in emphasis on agricultural production and enhanced grain quality, and the trend toward agro-biologicals. Additionally, using contemporary farming techniques to cut expenses provides lucrative growth opportunities for market growth.
Due to its highly developed agriculture sector and strict environmental rules, North America, which is currently headed by the United States, will experience significant CAGR growth over the projection period. Additionally, the United States and Mexico are making significant investments in technology to provide chemical-free products for the agriculture sector. A rise in urbanization would also raise the demand for agricultural enzymes due to changing dietary needs, altered eating patterns, higher disposable incomes, and altered lifestyles.
The report on the global agricultural enzymes market covers segments such as type, crop type, and product type. On the basis of type, the sub-markets include lipases, proteases, carbohydrases, polymerases, and nucleases. On the basis of crop type, the sub-markets include grains and cereals, pulses and oilseeds, vegetables and fruits, and others. On the basis of product type, the sub-markets include growth enhancing products, crop protection, and fertility products.
The report provides profiles of the companies in the market such as Infinita Biotech Private Limited, Elemental Enzymes, Inc., BASF SE, Creative Enzymes, Caprienzymes, American Biosystems, Inc., Aumenzymes, Corteva, Inc., Stoller USA, Inc., and Syngenta AG.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the agricultural enzymes market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.
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