Agricultural Enzymes Market Forecasts to 2028 – Global Analysis By Product Type (Plant Growth Enhancing Products, Soil Fertility Products), Crop Type (Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses, Turfs & Ornamentals, Other Crop Types), Type (

Agricultural Enzymes Market Forecasts to 2028 – Global Analysis By Product Type (Plant Growth Enhancing Products, Soil Fertility Products), Crop Type (Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses, Turfs & Ornamentals, Other Crop Types), Type (Sulfatases, Phosphatases, Dehydrogenases, Proteases, Ureases, Other Types), Enzymes Type (Proteases, Carbohydrates, Lipases, Polymerases, Nucleases, Other Enzymes Types) and By Geography

According to Stratistics MRC, the Global Agricultural Enzymes Market is accounted for $518.9 million in 2022 and is expected to reach $1092.0 billion by 2028 growing at a CAGR of 13.2% during the forecast period. In the production and preservation of food, bioactive proteins known as agricultural enzymes are utilised in place of chemicals. They are also used to protect crops from various pests and diseases and to improve agricultural fertility. The substances are also widely utilised in biological processes based on agriculture, such as the fermentation of silage, the bio processing of fibre, and the processing of crops and crop residues.

According to a research carried out by Carl R. Woese Institute for Genomic Biology, University of Illinois in 2016; use of agricultural enzymes increases photosynthesis by around 20%. Inspite of increasing demand for agricultural enzymes, the stringent government regulations may act as major restrain in the market growth. According to a report by the Organic Trade Association in 2019, organic food products accounted for sales of 90% of the overall organic product industry. Enzymes have features that allow them to work in low concentrations, low temperatures, mild pH, and minimal water usage. Enzymes are a popular option in organic and sustainable farming since they are biodegradable. According to the statistics of the Food and Agriculture Organization (FAO), the global population is likely to reach 10 billion by 2050 and would result in a growth of over 50% in agricultural demand as compared with 2018 which means more yield will be required in the future and these enzymes might be helpful.

Market Dynamics:

Driver:

Rise in need for food security

The international market for agricultural enzymes is expanding as a result of several key factors, including the rapid population growth, rising demand for products free of chemicals, and rising concerns about food security. With the aid of cutting-edge technology that saves energy and water, agriculture enzymes are manufactured. Producers should develop and sell microbial pesticides that can boost agricultural productivity. The biological products created by this alliance, which are composed of naturally occurring bacteria and fungi.

Restraint:

Strict government regulations

A number of limitations and difficulties will impede the market's overall expansion. Market expansion is being constrained by elements like strict government regulations in the biological goods sector. Agriculture enzyme manufacture is subject to strict governmental controls. According to the U.S. Food and Drug Administration (USFDA), if the detected bio-product concern is not rectified within the allotted time frame, manufacture of a related product may be limited.

Opportunity:

Growing preference for organic farming

Concerns over food quality, nutrition, and health are growing among consumers all around the world. The health of the agro-ecosystem, including the biological activity of the soil, biodiversity, and biological cycles, is improved by organic farming. Additionally, because they are less dangerous than synthetic materials, it promotes the employment of biological and mechanical methods. By reducing pollutants that may be caused by agricultural operations, it also supports the health of the soil, water, and air. As an integrated farming method, organic farming therefore prioritises the technical, financial, and health of people.

Threat:

High R&D cost

Farmers unenthusiastic to implement microorganism derived commodities beside with high R&D cost and wide-ranging length for patent approval are the prospective threats obstructing the overall development of the global Agricultural Enzymes Market.

Covid-19 Impact

The agrochemical business has been severely hit by the Covid-19 epidemic. The supply chain has been totally disrupted since Covid-19. As a result, there was an inconsistent supply of liquid fertilisers. Because Covid-19 was able to stop the novel coronavirus from spreading, all international trade was put on hold. Additionally, the COVID-19 restricted people's freedom of travel; as a result, there is less labour available to assist with farm tasks. Because of this, even if people have a supply of liquid fertilisers, they do not use them. As a result, fewer people are requesting liquid fertiliser. This indicates that Covid-19 has had a detrimental effect on the agrochemical sector.

The cereals and grains segment is expected to be the largest during the forecast period

The crop type for grains and cereals had the largest market share. Cereals and grains can be grown in the Asia-Pacific region due to the favourable environment. In the Asia-Pacific region, different geographic and climatic variables have different cereal consumption patterns. The demand for cereals and grains is influenced by a variety of factors, including urbanisation and changes in lifestyle, calorie needs, income levels, and food needs. The majority of cereal crops use agricultural enzymes to increase output while fertilising the soil and promoting plant growth. The demand for agricultural enzymes is expected to rise as more nations plant cereal crops.

The phosphatases segment is expected to have the highest CAGR during the forecast period

Phosphatase is predicted to expand at the greatest CAGR among the kinds segment during the forecast period. In addition to being reliable markers of soil fertility, phosphophatases enzymes aid in catalysing the hydrolysis of phosphoric acid esters and anhydrides. They also play a significant role in soil systems; it is anticipated that biologically managed systems, which include larger levels of organic carbon, will have a better capacity for these phosphomonoesteraces to solubilise soil mineral elements. Few studies have looked at how ecosystem management choices affect the activity of phosphatases in the soil where most crops are cultivated. These elements fuel the market for agricultural enzymes' phosphatases sector.

Region with highest share:

During the time of forecasting, North America is anticipated to hold the greatest market share in the industry for agricultural enzymes. The biggest market share in North America is attributed to the region's use of advanced farming methods, awareness of agricultural biotechnology, and growing environmental concerns. In North America, farmers continue to grow healthier crops with larger yields thanks to the role that enzymes play in the process. The US has strict laws and regulations in place and is heavily involved in the agricultural sector. The United States Department of Agriculture claims that specific regulations have been established for the importing of products made by microbes.

Region with highest CAGR:

During the forecast period, the market for agricultural enzymes in Asia-Pacific is anticipated to develop at the highest CAGR. Asia-Pacific is the region with the fastest growth rates, which is attributable to the presence of emerging economies like China and India. China is anticipated to be the largest market throughout the forecast period as a result of its significant investments in agricultural. China has experienced the greatest increase in agricultural land worldwide during the last few years. China has the most organic agricultural acreage in the Asia-Pacific region. The nation makes significant investments in agricultural products free of chemicals.

Key players in the market

Some of the key players profiled in the Agricultural Enzymes Market include Syngenta AG, BASF SE, Dowdupont , Novozymes A/S , DSM , Bioworks, Inc., Bayer AG, Monsanto Company, Agri Life , Agrinos As, Aries Agro Limited, Deepak Fertilisers, Monsanto Company, Stollerusa , Aries Agro Limited, Bioresource International, Inc. , Lonza Group, Chr. Hansen, Camson Bio Technologies Limited, AB Enzymes.

Key Developments:

In March 2021, BASF announced strengthening its R&D portfolio for sustainable agricultural innovations to continue supporting farmers in overcoming economic and environmental challenges. The solutions are expected to be launched throughout the next decade while supporting the company’s goal to expand its sales share of agricultural solutions.

In March 2021, Nutrien Ag Solutions announced a partnership with Elemental and launched peptide-based bio pesticide on other specificity crops across North America.

In January 2017, Agrinos AS (Norway) announced a new distribution partnership with Van Diest Supply Company based in Webster City, Iowa. This partnership will offer crop solution to growers and retailers throughout Midwest area of U.S. to increase biostimulant nutrition product lines for plant and soil health.

In January 2017, Monsanto and Novozymes A/S (Denmark) collaborated to form the BioAg Alliance. This alliance developed a new product named Acceleron B-300 SAT, which improves and increases the nutrient uptake to the plants.

Product Types Covered:
• Plant Growth Enhancing Products
• Soil Fertility Products

Crop Types Covered:
• Fruits & Vegetables
• Cereals & Grains
• Oilseeds & Pulses
• Turfs & Ornamentals
• Other Crop Types

Types Covered:
• Sulfatases
• Phosphatases
• Dehydrogenases
• Proteases
• Ureases
• Other Types

Enzymes Types Covered:
• Proteases
• Carbohydrates
• Lipases
• Polymerases
• Nucleases
• Other Enzymes Types

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements