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Agricultural Enzymes Market Projected to reach USD 474.7 million by 2022, at a CAGR of 11.2% from 2017 to 2022

Press Release   •   Jun 02, 2017 09:46 GMT

"Agricultural Enzymes Market Projected to reach USD 474.7 million by 2022, at a CAGR of 11.2% from 2017 to 2022– Global Forecast to 2022" published in June 2017. It is a professional and in-depth study.

Summary

Market Research Report Storeannounces a new report"Agricultural Enzymes Market"added to its database.The agricultural enzymes market is estimated to be valued at USD 279.2 million in 2017, and is projected to reach USD 474.7 million by 2022, at a CAGR of 11.2% from 2017 to 2022. The demand for agricultural enzymes is projected to grow due to the increasing demand for agricultural biological products. Fertility products accounted for a larger share when compared to the growth enhancing products segment in 2016.

Detailed TOC Of Report @

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“Cereals & grains segment is projected to be the fastest-growing segment in the agricultural enzymes market.”

The introduction of agricultural enzymes is used for various agricultural applications such as cereals & grains, oilseeds & pulses, fruits & vegetables, and turf & ornamentals. The cereals & grains segment is estimated to account for the largest share in 2017. As cereals are grown in almost all countries, the global demand for agricultural enzymes is expected to increase.

“Europe is projected to be the fastest-growing region in the agricultural enzymes market.”

The European region is projected to be the fastest-growing market for agricultural enzymes. In Europe, agriculture and green biotechnology consist of a range of modern plant breeding techniques to enhance their nutrient uptake. Enzymes and micro-organisms are used to make bio-based products for agriculture with the help of biotechnology.

Break-up of primaries:

n By Company Type: Tier 1 – 25 %, Tier 2 – 45%, and Tier 3 – 30%

n By Designation: C level – 22%, Director level – 28%, and Others – 50%

n By Region: North America – 25%, Europe – 23%, Asia-Pacific – 35%, South America – 10%, and RoW – 07%

The agricultural enzymes market is dominated by key players such as Novozymes A/S (Novozymes BioAg) (Denmark), Syngenta AG (Switzerland), E. I. du Pont de Nemours and Company (U.S.), Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), and Bayer AG (Germany). Other players include Agrinos AS (Norway), Stoller USA, Inc. (U.S.), BioWorks, Inc. (U.S.), AgriLife (India), and Monsanto (U.S.).

Research Coverage:

The report analyzes the agricultural enzymes market across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments such as type, crop type, product type, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analyses, recent developments, and key market strategies.

Key Benefits of Buying the Report:

The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall agricultural enzymes market and submarkets. This report will help stakeholders to better understand the competitive landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders to understand the market and provides them information on key market drivers, restraints, challenges, and opportunities.

TABLE OF CONTENTS

1 INTRODUCTION 16

1.1 OBJECTIVES OF THE STUDY 16

1.2 MARKET DEFINITION 16

1.3 STUDY SCOPE 17

1.4 PERIODIZATION CONSIDERED FOR THE STUDY 18

1.5 CURRENCY CONSIDERED 18

1.6 STAKEHOLDERS 18

2 RESEARCH METHODOLOGY 19

2.1 RESEARCH DATA 19

2.1.1 SECONDARY DATA 20

2.1.2 PRIMARY DATA 21

2.1.2.1 Breakdown of primary interviews 22

2.2 MARKET SIZE ESTIMATION 22

2.2.1 BOTTOM-UP APPROACH 23

2.2.2 TOP-DOWN APPROACH 24

2.3 MARKET BREAKDOWN & DATA TRIANGULATION 25

2.4 RESEARCH ASSUMPTIONS & LIMITATIONS 26

2.4.1 ASSUMPTIONS 26

2.4.2 LIMITATIONS 27

3 EXECUTIVE SUMMARY 28

4 PREMIUM INSIGHTS 32

4.1 ATTRACTIVE OPPORTUNITIES IN AGRICULTURAL ENZYMES MARKET 32

4.2 PHOSPHATASES: LEADING SEGMENT FOR AGRICULTURAL ENZYMES MARKET, BY TYPE 33

4.3 ASIA-PACIFIC: FASTEST-GROWING AGRICULTURAL ENZYMES MARKET 34

4.4 SPAIN TO GROW AT HIGHEST CAGR IN AGRICULTURAL ENZYMES MARKET, BY COUNTRY (2017–2022) 35

4.5 LIFE CYCLE ANALYSIS, BY REGION 36

5 MARKET OVERVIEW 37

5.1 INTRODUCTION 37

5.2 MACRO INDICATORS 37

5.2.1 INCREASE IN ORGANIC FARMLAND 37

5.2.2 GROWTH OF THE FERTILIZER INDUSTRY 38

5.2.3 GROWTH IN POPULATION AND DECREASE IN ARABLE LAND 39

5.3 MARKET DYNAMICS 41

5.3.1 DRIVERS 42

5.3.1.1 Inclination toward agro-biologicals 42

5.3.1.2 Increase in trend of organic farming and demand for organic food 43

5.3.1.3 Increase in production yield from limited arable land 46

5.3.2 RESTRAINT 47

5.3.2.1 Stringent international regulations related to biological products 47

5.3.3 OPPORTUNITY 47

5.3.3.1 Adoption of modern farming practices to mitigate costs 47

5.3.3.2 Future demand for soil enzymes due to soil pollution 47

5.3.4 CHALLENGES 48

5.3.4.1 Farmers reluctant to adopt microbe-derived products 48

5.3.4.2 High R&D cost and extensive duration for patent approval 49

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Market Research Report Store

About Market Research Report Store

Market Research Report Store is one of the most fast-growing and professional online platforms for industry reports, market reports, and professional surveys. Our collection covers more than 100 global markets. We have cooperated with leading publishers and consultant companies to offer the best market intelligence products to our clients with instant access to our database.

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