Agricultural enzymes are the necessary bioactive proteins in preserving soil health and its environment. When agricultural enzymes are applied to the soil, billions of chemical reactions begin to take place immediately. In the process they detoxify soils that have been poisoned by excessive applications of chemical fertilizers, herbicides, and pesticides, neutralize both acid and alkaline soils, loosen heavy clay soils, and even penetrate hardpan. Most commonly used agricultural enzymes include phosphatases, proteases, sulfatases and others.
Growing acceptance of modern farming is adding fuel to the growth of agricultural enzymes market. Owing to improving the efficiency of agricultural enzymes, major players are investing in research and development which is further boosting the growth of global agricultural enzymes market. Cost efficiency is another driver driving the growth of the market. However, the uncertain regulatory environment may hamper the growth of the market. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 7.2% of agricultural enzymes market during the forecast period 2018-2023.
The major players in the agricultural enzymes market:
Bayer Cropscience AG (Germany)
Monsanto Company (U.S.)
Syngenta AG (Switzerland)
Novozymes A/S (Denmark)
Koninklijke DSM N.V. (The Netherlands)
Denmark, the U.S., Germany, the Netherlands, and China are the major exporters of enzymes market
Recognizing the importance of enzymes to a vibrant soil, laboratories now produce them in brewing vats for inclusion in biological fertilizers and compost activators and for direct application to the soil
Agricultural enzymes manufacturers
Traders, importers, and exporters