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Press Release
As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
According to a new report by EMR titled, ‘Global Urease Market Report and Forecast 2021-2026’, the global market for urease is being driven by the growing enzymes market, which reached USD 10 billion in 2020. The enzymes market is further expected to grow at a CAGR of 7.5% during 2021-2026 to attain USD 15 billion by 2026.
The growth of the global urease industry is being driven by the rising industrial applications of the product. The product finds extensive uses in the agricultural sector. Since urease from plant sources is comparatively less toxic than the conventional fertilisers and also has nearly no side effects, the global urease industry is expected to further grow in the forecast period. The agronomic and ecological advantages of urease in inhibitors will also boost the growth of the market. Moreover, the global trend of adopting organic products over synthetic products and increased clinical diagnostic consumption will aid the growth of the urease industry. The growth of the product is likely to increase further in the coming years to replace the toxic and chemical fertilisers in the agricultural sectors, thus, driving the market growth in the coming years.
The growth of the major players in the industry is also expected to influence the growth of the market positively. BBI Solutions is one of the leading manufacturers of the product and has produced and supplied the product to the diagnostic industry for over 30 years. The company ensures that they achieve high specific activity and batch-to-batch consistency. It provides reagent and sensor producers with urease products of proven performance, which further boosts its demand growth in the market.
Market Analysis by Source, Application, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global urease market are BBI Solutions, Sekisui Diagnostics Limited, Sisco Research Laboratories Pvt. Ltd., and Calzyme Laboratories, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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