Press release
Sustainable Agriculture Market Share, Trends, Growth Rate, Industry Report And Forecast To 2033
Sustainable Agriculture Market Analysis
The Business Research Company offers in-depth market insights through Sustainable Agriculture Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The sustainable agriculture market size has grown rapidly in recent years. It will grow from $13.54 billion in 2023 to $15.07 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to environmental awareness, regulatory support, consumer demand for organic products, soil health concerns, water conservation.
The sustainable agriculture market size is expected to see strong growth in the next few years. It will grow to $21.95 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to climate change adaptation, global food security concerns, circular economy practices, supply chain sustainability, education and knowledge sharing. Major trends in the forecast period include innovations in agroecology, technology integration, precision agriculture adoption, agroecology and crop diversity, blockchain for supply chain transparency.
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Market Segmentation:
The sustainable agriculture market covered in this report is segmented -
1) By Product Type: Seeds And Traits, Biopesticides, Biostimulants, Other Products
2) By Crop Type: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Other Crop Types
3) By Farming System: Organic Farming, Conservation Agriculture, Integrated Pest Management (IPM), Precision Agriculture
4) By Formulation: Liquid, Dry
5) By Application: Seed Treatment, Soil Treatment, Foliar Spray, Other Applications
Major Driver - Driving Growth In The Sustainable Agriculture Market As Demand For Organic Products Soars
The increasing demand for organic products is expected to propel the growth of the sustainable agriculture market going forward. Organic products refer to goods that are produced using an agricultural practice that avoids the use of synthetic pesticides, herbicides, genetically modified organisms (GMOs), and synthetic fertilizers. Sustainable agriculture is used to produce organic products without the use of synthetic fertilizers, pesticides, herbicides, genetically modified organisms (GMOs), and other synthetic inputs. For instance, in May 2023, according to the Organic Trade Association, a US-based non-profit business association, the US organic food market witnessed an unprecedented surge in sales, reaching a new record of $61.7 billion in 2022, an increase of 4.4% compared to $59.1 billion in 2021. Further, organic beverages were second highest-selling category among organic products, registering sales of $9 billion, reflecting a 4% increase. Therefore, the rise in demand for organic products will drive the growth of the sustainable agriculture market.
Competitive Landscape:
Major companies operating in the sustainable agriculture market report are Cargill Inc., Archer Daniels Midland Co., BASF SE, Deere And Company, Yara International, China National Chemical Corporation, KUBOTA Corporation, Corteva Agriscience LLC, Monsanto Company, AGCO Corporation, Pioneer Hi-Bred International Inc, UPL Limited, Thai Union Group PCL, Trimble Inc., Groupe Limagrain, KWS SAAT SE, Netafim Ltd, Agricool, Irritec USA Inc., Gakon Horticultural Projects, Vertical Future Limited, BrightFarms Inc., Dream Greens Inc, Godrej Agrovet, Eden Green Technologies, Jones Food Company, FarmBox Foods
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