About Agricultural Enzymes
Agricultural enzymes are complex protein molecules that are generally derived from sources such as plant tissues, animal tissues, and microbes. They are known to play a major role in preserving the land, water, and biodiversity. Enzymes accelerate chemical reactions and catalyze biochemical reactions that do not occur naturally. Agricultural enzymes are categorized into carbohydrases, proteases, lipases, and others. They are used in fertility, growth-enhancing, and control products.
Technavio’s analysts forecast the global agricultural enzymes market to grow at a CAGR of 7.36% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global agricultural enzymes market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Agricultural Enzymes Market 2017-2021
Technavio recognizes the following companies as the key players in the global agricultural enzymes market: Agrinos, BASF, Bayer, Novozymes, and Syngenta.
Other Prominent Vendors in the market are: AB Enzymes, Agrilife, American Biosytems, Aum Enzymes, BioWorks, Buckman Laboratories International, CAMSON, DFPCL, Direvo Biotech, DuPont, Enzymatic Deinking Technologies, Greenmax AgroTech, Specialty Enzymes & Biotechnologies, and Stoller USA.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Use of nano-biosensors in agriculture. Nano-biosensors have significant scope for use in agriculture to analyze plant growth. This can be attributed to its unique benefits that make farming easier. These biosensors consist of receptors, enzymes, antibodies, nucleic acids, molecular imprints, lectins, tissue, and microorganisms.”
According to the report, one of the major drivers for this market is Growth in the global population. The ongoing economic development in the countries such as the US, China, India, Indonesia, and other emerging economies is fostering urbanization. This has also resulted in the rise in disposable income of consumers, which is directly responsible for the growing purchasing power. Subsequently, the food consumption has also increased to meet the growing demands of the increasing population. This has led to food shortage globally.
Further, the report states that one of the major factors hindering the growth of this market is Enzyme safety and quality assurance. The use of agricultural enzymes increases yield while retaining soil fertility. However, allergenicity, activity-related toxicity, residual microbiological activity, and chemical toxicity affect the use of these enzymes. Furthermore, safety and quality assurance of agricultural products are not predictable as they mainly depend on the conditions of farming practice, climate, and diseases in plants. The issues also arise with a variety of factors, such as environmental conditions, production practices, postharvest processing, and handling. Therefore, these factors will restrict the market growth.
Agrinos, BASF, Bayer, Novozymes, Syngenta, AB Enzymes, Agrilife, American Biosytems, Aum Enzymes, BioWorks, Buckman Laboratories International, CAMSON, DFPCL, Direvo Biotech, DuPont, Enzymatic Deinking Technologies, Greenmax AgroTech, Specialty Enzymes & Biotechnologies, and Stoller USA.
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