Novozymes produces and sells industrial enzymes and microorganisms worldwide. It activates in three divisions: Household Care & Technical, Agriculture & Bioenergy, and Food & Beverages. By the Agricultural biological testing, Monsanto Company and Novozymes invented their new product, the corn inoculant Acceleron® B-300 SAT. Derived from a fungus found in soil, Acceleron B-300 SAT exhibited a two-year average yield advantage of more than 3 bushels per acre. By this Farmers use seed coatings to protect their crops from yield-robbing threats, to improve plant health, and to increase nutrient availability.
The BioAg Alliance, Novozyme’s and Monsanto’s collaboration to improve crop harvests through naturally-occurring microbes, announced results from its 2015 field trial program. Those results involved a corn inoculant product, which increased 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 Biologicals Testing Market. “The Agricultural Biologicals Testing was worth USD 828.79 Million in 2018 and is expected to reach 1359.22 Million USD by 2023 with a CAGR of 10.4 %.
Report is segmented by
Bio pesticides is the large segment in by product type due to the shift in use towards these products from hazardous agrochemicals. Some of the factors like high production of organic crops, usage of stringent regulation policies in agriculture, and increased expenditure on R&D by biological product manufacturers are primarily driving the growth of the market.
Geographically, this market is further classified in to North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. North America is projected to be the rapidly growing market due to the high adoption rate in agricultural field. Europe was the large market in 2015 as it has prominent users of Agricultural Biologicals Testing for compliance requirements.
Key players in the market are –
Eurofins Scientific SE
RJ Hill Laboratories Ltd
Scope of the report:
The report proposals a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influencing in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers an outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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