Agricultural Enzymes Market-Novozymes invented new enzyme technology.
Added: (Fri Mar 01 2019)
Pressbox (Press Release) -
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.
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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:
• Growth Enhancing products
• Control Products
• Fertility Products
• 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.
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
• Creative Enzyme
• Koninklijke DSM N.V. (Netherlands)
• Agri Life (India)
• Greenmax Agro Tech (India)
• Bioworks Inc. (U.S.)
• Agrinos Inc. (Norway)
• Stoller Inc. (U.S.)
• Enzyme India Pvt. Ltd
• Bayer AG (Germany)
• E. I. du Pont de Nemours and Company (U.S.)
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