DUBLIN, June 5, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/k4qj3s/agricultural) has announced the addition of the "Agricultural Enzymes Market by Type , by Application , by Crop Type, & by Geography - Global Trends & Forecast to 2018" report to their offering.
Agricultural enzymes are used in a wide range of agro-biotechnological processes, such as enzyme-assisted silage fermentation, bioprocessing of crops and crop residues, fiber processing, and production of feed supplements to improve feed efficiency. Advanced applications, which include the use of phytases to improve the efficiency of nutrient utilization and to reduce waste, are a rapidly growing sector.
The agricultural enzymes market and a number of competitive enzyme-based processes are growing rapidly because of cheaper production methods, new application fields, and new enzymes. The possibility of intensely changing enzyme properties by direct evolution and gene shuffling makes it possible to use enzymes that are specifically tailored to their application and process conditions.
Enzyme technology is close to a major breakthrough, owing to many factors ranging from simple cost savings, the strongly increasing demand for chemicals, the trend towards sustainable industrial development (less waste, less CO2), and the opportunities created by emerging technologies.
Agricultural enzymes are being used continuously in various industries. Demand in the global industry is driven by multiple factors such as the increasing demand for processed food, raising need for biofuel, biotechnological expansion, and the cost-efficiency of these enzymes.
The global agricultural enzymes market is driven by significant investments in research and development. An increase in the per capita income of consumers in developed as well as emerging economies has catapulted the demand for food production. This increasing demand has caused a hike in the demand. Due to rising sales, key players in the industry are making significant investments in the research and development.
The North American market topped the consumption chart of the global agricultural enzymes industry, accounting for around 31.0% of the total share in 2012. An increase in the number of farmers and the reduced use of chemicals are some of the significant reasons for a rise in demand and usage of agro-enzymes in North America. The global market value of these products is expected to grow at a CAGR of 7.0% by 2018, with the highest growth projected to be observed in the Asia-Pacific region.
The increasing population, new techniques of farming, and an increase in purchasing power of people in emerging economies has created a hike in demand for agro-enzymes.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Agricultural Enzymes Market, By Crop Type
6 Agricultural Enzymes Market, By Type
7 Agricultural Enzymes Market, By Geography
8 Agricultural Enzymes Market, By Application
9 Competitive Landscape
10 Company Profiles
- Agri Life
- Agrinos Inc.
- Aries Agro Ltd.
- Bioworks Inc.
- Camson Bio Technologies Limited
- Deepak Fertilizers and Petrochemicals Corporation Limited (DFPCL)
- Greenmax Agro Tech
- Novozymes A/S
- Stoller Usa Inc.
- Syngenta Ag
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SOURCE Research and Markets