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New Revenue Pockets : Agricultural Enzymes Market
Agricultural enzymes play a vital role in crop nutrition. They act specifically on a variety of pest, insects,andfungii, terminating them and thus providing crop protection. Some soil enzymes are added to fertilizers to maintain soil ecology, its physical and chemical properties, fertility, and health. These enzymes play a significant role in the decomposition of organic matter in soil, thus increasing biomass in soil. Agricultural enzymes are derived from plant and animal sources and are hence considered to be safe for plants as compared to synthetic chemical fertilizers and pesticides.
Agricultural enzymes bring about chemical reactions in soil within a short duration.They inhibit the growth of fungus, pests, and insects by specifically targeting particular species.
In the agricultural enzymes market, the control products segmentdominated, by application.By type, it was carbohydrases, and by crop type, it was the cereals & grains segment that dominated,in 2012.
North America held the major market share in 2012. Here, in the U.S., the increase in the cost of synthetic fungicides and pesticides and the awareness about balanced nutrition of plants is expected to have a positive impact on the agricultural enzymes market.
The Asia-Pacificregion was the fastest growing market in 2012.Here, China dominated as it is the world’s largest agricultural market. The Chinese government has been promoting biotechnological farm inputs by providing tax holidays and exemption of VAT, excise, and agricultural tax to companies that manufacture organic products (biotechnological products to be used in farms). China is the major market for agricultural enzymes in the Asia-Pacific region. The favorable foreign investment policies of the government and the push for sustainable agriculture are the major drivers of the agricultural enzymes industry.
China has a huge territory with soils of varying types and fertility. The country produces cotton, oil crops, sugar crops, fruits, vegetables, and teas. The demand for agricultural enzymes is anticipated to be triggered by the continuous increase in productivity expectation here.
Agricultural Enzymes Market by Type (Carbohydrase, Lipase, Protease, Polymerase & Nuclease), by Application (Fertility, Growth, & Control Products), by Crop Type, & by Geography - Global Trends & Forecast to 2018
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