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Organic Farming market Is Set To Fly High In Years To Come | Picks Organic Farm, Organic Farmers Co.

10-27-2021 07:25 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent market insights

Organic Farming  market

Organic Farming market

Organic farming is an agricultural system that uses biological fertilizers derived from plant and animal wastes. Organic farming enhances agro-ecosystem health, which includes soil biological activity, biodiversity, and biological cycle. It excludes the use of chemical or synthetic pesticides, fertilizers, and growth regulators.

Favorable growth of organic agricultural practices all over the world coupled with regional government initiatives to promote organic farming is boosting growth of the global organic farming market. According to Research Institute of Organic Agriculture (FiBL) report, in 2014, over 44.4 million hectares of land is occupied by organic agricultural activities. In 2015, the regions with the largest areas of organic agricultural land are Oceania (22.8 million hectares, which is almost 45 percent of the world’s organic agricultural land) and Europe (12.7 million hectares, 25 percent).

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Detailed Segmentation:

Global Organic Farming Market, By Farming Type:
Pure Organic Farming
Integrated Organic Farming

Global Organic Farming Market, By Method:
Crop Diversity
Soil Management
Weed Management
Controlling Other Organisms

North America held a significant market share in the global organic farming market in 2017, owing to increasing demand for organic food in the region. According to U.S. Department of Agriculture (USDA) - National Agricultural Statistics Service (NASS), in 2016, the farms in the U.S. produced and sold US$ 7.6 billion in organic commodities that are certified. Also, the Certified Organic Survey 2016, shows that sales of organic farm were increased up to 23% in 2016, compared to the previous year in U.S.

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Asia Pacific was the fastest growing region and held the highest market share in 2017, owing to increasing government initiative in promoting organic farming by providing subsidies on organic fertilizers. For instance, in 2013, the government of India promoted production of organic fruits, vegetables, and crops through various schemes such as Horticulture Mission for North East and Himalayan States (HMNEH), National Horticulture Mission (NHM), Rashtriya Krishi Vikas Yojana (RKVY), and others. Under NHM, the government provides incentive to the cultivators of organic products.

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