Press release
Sustainable Agriculture Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Cargill Inc., Archer Daniels Midland Co., BASF SE, Deere And Company, Yara International, China National Chemical Corporation
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2214The 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 main product types of sustainable agriculture are seeds and traits, biopesticides, biostimulants, and others. Seeds and traits refer to the development and utilization of genetically modified or improved crop varieties to exhibit specific traits that enhance productivity and resistance to pests, diseases, and environmental stresses. The crop types include cereals and grains, oilseeds and pulses, fruits and vegetables, and others developed through farming systems such as organic farming, conservation agriculture, integrated pest management (IPM), and precision agriculture. The liquid and dry types of formulations are used in applications such as seed treatment, soil treatment, foliar spray, and others.
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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Top Trend - Sustainable Biostimulants Advance Agriculture Practices
Major companies operating in the sustainable agriculture market are developing innovative products, such as sustainable biostimulants, to enhance crop growth and resilience while minimizing environmental impact and reducing the reliance on synthetic chemicals. Sustainable biostimulants are organic or naturally-derived substances that are applied to crops or plants to promote growth, improve nutrient uptake, and enhance their resistance to stressors, all while minimizing harm to the environment. For instance, in June 2023, Cascadia Seaweed Corp., a Canada-based company that specializes in the sustainable cultivation of indigenous seaweed species on low-impact ocean farms, along with Refeed Canada Farms Ltd., a Canada-based company that focuses on natural liquid plant food, launched sustainable seaweed-based biostimulants, a liquid plant food made from seaweed extract. It is derived from cultivated cold-water kelp and contains essential nutrients for plant growth. It is designed for various agricultural applications and aims to promote sustainable and climate-resistant food systems.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Sustainable Agriculture Market Characteristics
3. Sustainable Agriculture Market Trends And Strategies
4. Sustainable Agriculture Market - Macro Economic Scenario
5. Sustainable Agriculture Market Size And Growth
…..
27. Sustainable Agriculture Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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