PUBLISHER: IMARC | PRODUCT CODE: 1541162
PUBLISHER: IMARC | PRODUCT CODE: 1541162
The global agricultural enzymes market size reached US$ 440.7 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 986.8 Million by 2032, exhibiting a growth rate (CAGR) of 9.1% during 2024-2032.
Agricultural enzymes are biological catalysts that accelerate chemical reactions for unblocking the nutrients present in the soil. These enzymes help increase the plant yield and quality by detoxifying the soil that has been processed with pesticides, herbicides and chemical fertilizers. As they also neutralize both acid and alkaline soils, agricultural enzymes are extensively employed in the bioprocessing of fibers, enzyme-assisted silage fermentation, processing of crops and crop residues and the production of various animal feed supplements.
The escalating demand for organic food on account of the increasing awareness among individuals about the hazardous impact of pesticides represents one of the significant factors propelling the growth of the naturally sourced agrochemicals across the globe. Apart from this, the rising concerns about food and environment safety have led to the implementation of stringent regulations. These regulations are impelling farmers to adopt bio-based chemicals in place of their chemical counterparts. This, in turn, is positively influencing the sales of agricultural enzymes. Furthermore, the leading players are focusing on the development of technologies that assist in producing these enzymes using microorganisms. Microorganisms used in the production of agricultural enzymes grow in closed steel tanks that contain nutrients, including sugar, starch, soy and corn. Besides this, some of these players are also using gene engineering technology to make the enzymes more efficient. Additionally, the increasing global population, in confluence with the inflating disposable incomes, is anticipated to fuel the growth of the market in the upcoming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global agricultural enzymes market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on enzyme type, product type and crop type.
Phosphatases
Dehydrogenases
Sulfatases
Proteases
Others
Soil Fertility Products
Control Products
Growth Enhancing Products
Cereals and Grains
Oilseeds and Pulses
Fruits and Vegetables
Turf and Ornamentals
Others
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also analysed the competitive landscape of the market with some of the key players being AB Enzymes GmbH (Associated British Foods Plc), Agrinos Inc. (Agrinos AS), Aries Agro Ltd., BASF SE, Bayer Aktiengesellschaft, Bioworks Inc., Deepak Fertilisers and Petrochemicals Corporation Limited, Dupont De Nemours Inc., Stoller Group Inc. and Syngenta AG (China National Chemical Corporation Limited).