Agricultural Enzymes Market-Novozymes invented new enzyme technology.


Posted March 1, 2019 by OliveDavid

Agricultural Enzymes Market worth was USD 364 million in 2018and estimated to be growing at a CAGR of 11.65%, to reach USD 631.53 Billion by 2023.

 
Recent Developments
Novozymes manufacture and customize industrial enzymes and microorganisms worldwide. It mainly operates in three divisions: Food & Beverages, Agriculture & Bioenergy, and Household Care & Technical. Advanced biofuel technology became a reality with Novozymes new Agricultural Enzymes technology, the enzyme allows cost-efficient conversion of biomass to ethanol and achieves 1.5 times better than Novozymes’ previous market product.

Three big-time companies namely, BioAg Alliance, Novozyme’s and Monsanto’s collaborated to increase crop harvests through naturally occurring microbes on the 2015 field trial program. Those results involved a corn product, which amplified yields by an average of 4 bushels per acre in US field tests.

To know more, read @ https://www.marketdataforecast.com/market-reports/agricultural-enzymes-market-3996/

Market Segmentation
Market Data Forecast published a report named Agricultural Enzymes Market. Agricultural Enzymes Market worth was USD 364 million in 2018and estimated to be growing at a CAGR of 11.65%, to reach USD 631.53 Billion by 2023.

Report segmented as:

Product Type
• Growth Enhancing products
• Control Products
• Fertility Products

Crop type
• Oilseeds and Pulses
• Cereals and Grains
• Fruits and Vegetables
• Turf and Ornaments
Rising demand for biofuels along with cost-efficiency, new farming procedures and high investments in research and development will drive the market of Global Agricultural Enzymes.

Geographical Segmentation:
The Global Agricultural Enzymes market is segmented based on geography into North America, Latin America, Asia-Pacific, the Middle East, and Africa and Europe. North America has the leading market for Agricultural Enzymes in the world.

Key Market Players
• Syngenta
• Creative Enzyme
• Novozymes
• BASF
• Koninklijke DSM N.V. (Netherlands)
• Agri Life (India)
• Greenmax Agro Tech (India)
• Bioworks Inc. (U.S.)
• Agrinos Inc. (Norway)
• Stoller Inc. (U.S.)
• Afrizymes
• Enzyme India Pvt. Ltd
• Bayer AG (Germany)
• E. I. du Pont de Nemours and Company (U.S.)

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The scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with colossal growth potential identified and debated.

The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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Tags agricultural enzymes market
Last Updated March 1, 2019