The Europe agricultural enzymes market size is projected to expand at a robust CAGR during the forecast period, 2021-2028. The growth of the market is attributed to rising consumers’ inclination toward organic food in the region.
Agricultural enzymes unplug the nutrients present in the soil and makes it available to plant roots. Enzymes act as natural herbicides, pesticides, and fertilizers helping the crop for increasing yield and quality. The toxicity in the compost is reduced to a much greater extent as these help in the decomposition process. During COVID-19 pandemic, various restrictions by governments and labor shortages in the food industry affected supply chain to vital areas and disrupted the market growth.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing awareness toward hazardous properties of pesticides and chemicals, which are used in agriculture, is projected to boost the market growth in the coming years.
- Rising agriculture industry is expected to spur the market growth during the forecast period.
- Growing photosynthesis by around 20% is anticipated to drive the market development.
- Rising awareness about agricultural enzymes such as crop fertility, and protection against various pests and diseases is restrict the market growth in the coming years.
- Development of new agricultural enzymes has led to new opportunities in the market growth.
Scope of the Report
The report on the Europe agricultural enzymes market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Europe Agricultural Enzymes Market- Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Carbohydrases, Proteases, Lipases, and Polymerases & Nucleases), Applications (Crop Protection, Fertility, and Plant Growth regulations), Crop Types (Grains and Cereals, Oilseeds and Pulses, Fruits and Vegetables and Others)
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Geographical Scope
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The UK, Spain, Italy, Germany, France, Russia, and Rest of Europe
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Bio Works Inc.; Novozymes A/S; Stoller Europe; Elemental Enzymes; and Biolchim SPA
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Europe Agricultural Enzymes Market Segment Insights
Lipases segment to hold a significant market share
On the basis of types, the market is divided into carbohydrases, proteases, lipases, and polymerases & nucleases. The proteases segment is expected to hold a key share of the market in the coming years. However, the lipases segment is anticipated to expand at a rapid pace during the forecast period due to high stability toward high temperature and solvents.
Plant growth regulation segment is projected to expand at a considerable CAGR
Based on applications, the market is segregated into crop protection, fertility, and plant growth regulations. The crop protection segment is expected to represent a key share of the market in the upcoming years due to rising requirement for soil nutrients, improvement in the soil structure, and to reduce soil erosion. On the other hand, the plant growth regulations segment is anticipated to expand at a rapid pace during the forecast period, as it provides cost savings and production efficiencies for both greenhouse and nursery growers.
Oilseeds and pulses segment to hold a significant market share
On the basis of crop types, the market is divided into grains and cereals, oilseeds and pulses, fruits and vegetables and others. The grains and cereals segment is expected to hold a large share of the market during the forecast period owing to good sources of fiber, carbohydrates, and protein. The oilseeds and pulses segment is expected to hold a significant share of the market in the projected timeline.
Pulses are significant source of vitamins and minerals and oil seeds are used in the manufacturing of household cooking fats. Moreover, some oils seeds also have medicinal value and are used in the manufacturing of medicines.
Italy is estimated to account a major market share
On the basic of regions, the Europe agricultural enzyme market is classified as The UK, Spain, Italy, Germany, France, Russia, and Rest of Europe. The UK is expected to constitute a key share of the market during the projected period due to increasing environmental concerns and application of advanced farming technologies. However, the market in Italy is anticipated to expand at a rapid pace during the forecast period due to demand for high productivity farming solutions.
Segments
The Europe agricultural enzymes market has been segmented on the basis of
Types
- Carbohydrases
- Proteases
- Lipase
- Polymerases & Nucleases
Applications
- Crop Protection
- Fertility
- Plant Growth regulations
Crop Types
- Grains and Cereals
- Oilseeds and Pulses
- Fruits and Vegetables
- Others
Geography
- The UK
- Spain
- Italy
- Germany
- France
- Russia
- Rest of Europe
Key Players
- Bio Works Inc.
- Novozymes A/S
- Stoller Europe
- Elemental Enzymes
- Biolchim SPA
Competitive Landscape
Key players competing in the Europe agricultural enzymes market includes Bio Works Inc.; Novozymes A/S; Stoller Europe; Elemental Enzymes; and Biolchim SPA.
Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.
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