According to a market report by Lucintel, the future of the global agricultural enzymes market looks promising with opportunities in the fertility products, growth enhancing products, and control products markets. The global agricultural enzymes market is expected to reach an estimated $520 million by 2030 with a CAGR of 6.6% from 2024 to 2030. The major drivers for this market are increasing interest in eating more organic food, rising awareness about the benefits of using enzymes in agriculture, as well as, growing concerns about food and environment safety.
In this market,
phosphatases, dehydrogenases, and sulfatases are the major segments of
agricultural enzymes market by type.
Lucintel forecast that
phosphatases is expected to witness largest segment over the forecast period
because it serves as an indicator of fertility and it also indicates the
phosphorus deficiency in the soil.
Within this market,
fertility products will remain the highest growing segment because it
facilitates biological activities and shields plants and groundwater, as well
as, the primary measure of fertility is soil enzymes, which are influenced by
chemicals used in agriculture, industrial waste, and changes in the climate.
North America is
expected to witness largest region over the forecast period due to significant
technological investments to create chemical-free products for the region's
agriculture sectors, growing acceptance of genetically modified (GM) seeds by
farmers, rising awareness of organic farming, and continuous initiatives in the
region.
Novozymes, Syngenta,
BASF, Creative Enzyme, Enzyme India, AUM Enzyme, Cypher Environmental,
Afrizymes, Specialty Enzymes & Biotechnologies, and American Biosystems are
the major suppliers in the agricultural enzymes.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal, ZACKS,
and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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