Organic Farming Market Accounted For 50.9 Million Hectares Of Organic Agricultural Farmland

Organic farming is a production system, which avoids or exclude the use of synthetic inputs such as fertilizers, pesticides, feed additives, and hormones and maximizes using animal manures, crop rotation, crop residues, and off farm organic waste. Organic farming maintains and manages soil fertility while minimizing wastage and pollution.

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Major players operating in the global organic farming market include Picks Organic Farm, Organic Farmers Co., The Indian Organic Farmers Producer Company Limited (IOFPCL), Bayer AG, Camson Bio Technologies Limited, and ZUWA Organic Farms Pvt Ltd among others.

Market Dynamics

Organic farming offers high nutritional value for food is expected to drive growth of the global organic farming market. Foods from organic farming are rich in nutrient content such as enzymes, vitamins, minerals and other micronutrients. Furthermore, rising consumer awareness about the health benefits of organic products is expected to propel growth of the market during forecast period.

North America held significant market share in the global organic farming market in 2017, owing to increasing consumer demand for organic food and rising organically produced goods in the region. According to United States Department of Agriculture (USDA), the organic sales account for over 4% of total U.S. food sales. The U.S. spends around US$ 1 billion every year on imports of organic food. Furthermore, rising demand for organic food is surpassing domestic supplies and leading to depend on imports from other regions. For instance, according to the United States Department of Agriculture (USDA), in 2014 imports for organic corn in Canada was valued at US$ 16.9 million which was increased by US$ 19.0 million in 2015.

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Europe is expected to show a significant market growth and accounted for 25% share of the global organic farming market in 2017, owing to stringent rules and regulations on chemical or conventional fertilizers and GMO products in this region. For instance, in April 2018, the European Union announced to ban the widely used insecticides (neonicotinoids) to protect honeybees and other insects vital for food production from all fields. These can be only used in closed greenhouses. Furthermore, in 2010, the government banned the supply of ammonium nitrate fertilizers containing more than 16% of nitrogen. These factors are positively impacting growth of the organic farming market.

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