Agriculture Enzyme Market Industry Size, Share, Growth, Trends 2021 Gross Margin Analysis and Development History Research Report Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Agriculture Enzyme Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Agriculture Enzyme Market products.

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According to the statistics by the Organization for Economic Co-operation and Development (OECD), production of maize increased from 8.28 tonnes/hectare in the year 2010 to 9.48 tonnes/hectare in the year 2019.

Factors such as the increasing crop production worldwide and the concern for the decreasing arable land for the cultivation of crops, which is raising the need amongst farmers to develop modern agricultural methods that provide increased yield with low input resources, are anticipated to drive the growth of the market. According to the statistics by the Organization for Economic Co-operation and Development (OECD), production of maize increased from 8.28 tonnes/hectare in the year 2010 to 9.48 tonnes/hectare in the year 2019.

Global Agriculture Enzyme Market was valued at USD 278.9 Million in the year 2017. Global Agriculture Enzyme Market is further estimated to grow at a CAGR of 10.63% from 2018 to reach USD 626.13 Million by the year 2025. The North American region holds the highest Market share in 2017 and the Asia Pacific is considered as the fastest growing Market in the forecasted period due to growing application of agricultural enzyme. Europe region also shows considerable growth in coming years due to the application of agriculture enzyme for green biotechnology. At a country level, U.S China, Japan, and India holds the notable Market share and is projected to grow strongly in the coming years due to strongly growing and advancing agriculture sector.

Major market players American Biosystems Inc., Syngenta Ag, BASF SE, Novozymes A/S, Creative Enzymes, Bayer Cropscience AG, Enzyme India Pvt. Ltd., Bayer Cropscience AG, Stoller USA Inc., Monsanto Company, E. I. Du Pont De Nemours and Company, Camson Bio Technologies Limited, Agri-Life, Asahi Kasei Pharma, Buckman Laboratories, and overview of 10 companies is also provided in the report. Better global reach at an operational level is the main reason the key players are holding substantial Market share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.

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SWOT Analysis of Agriculture Enzyme Market:
Strength:

Growing need for organic food
They are biodegradable and eco-friendly
Cost-effective

Weakness:
Strict government regulations and policies
Expensive to produce

Opportunities:
High opportunities in developing the region
Growing awareness among people

Threats:
High R&D investments
Long durations required for patent approvals

The segmentation is done on the basis of enzyme type, product type, by crop type and by region. On the basis of enzyme types, the global Agriculture enzyme Market is sub-segmented as Phosphatases, dehydrogenases, sulfatases, and others.

Agriculture Enzyme Market Segmentation:
By Enzyme type

*Phosphatases
*Dehydrogenases
*Sulfatases
*Others

By Product Type
*Growth Enhancing Products
*Fertility product

By Crop Type
*Cereals & Grains
*Fruits & Vegetables
*Oilseeds & Pulses
*Others

By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa

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