Technavio has published a new report on the global agricultural enzymes market, which is expected to grow at a CAGR of nearly 7% from 2015-2019.
Agricultural enzymes: Market segmentation including enzyme, crop type, application & geography
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different types of enzyme, including carbohydrates, proteases and lipases.
Additionally, analysts have segmented market projections by key geography, and also by crop type, focusing on cereals & grains, oilseeds & pulses, and fruits & vegetables.
“Farmers are adopting modern farming techniques using advanced technology and various agricultural enzymes, which are specially formulated to provide nutrition to crops, kill harmful insects, and protect crops from diseases to increase crop yield. Therefore, adoption of these modern practices is expected to inflate market growth in the near future,” says Faisal Ghaus, Vice President of Technavio.
Agriculture: Market scope and calculation of market size
This report covers the present scenario and the growth prospects for the global agricultural enzymes market from 2015-2019. To calculate the market size, the report considers the revenue generated by vendors.
Industry analysis includes:
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Key Vendors:
- Agri Life
- Agrinos Inc.
- BioWorks Inc.
- Greenmax Agro Tech
- Novozymes
- Stoller USA Inc.
- Syngenta AG
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Market Growth Drivers:
- Growing Preference for Organic Farming
- Increased Production Yield from Limited Arable Land
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Market Challenges:
- Enzyme Safety and Quality Assurance Regulations
- Varying Regulations in Different Countries
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Market Trends:
- Adoption of Modern Farming Practices
- Use in Bio-fertility, Bio-control, and Bio-yield Enhancement
View the global agricultural enzymes market report.
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