Sustainable Agriculture Market Growth Prospects, Business Strategy And Forecast To 2033

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.

Market Overview -

Sustainable agriculture refers to a farming and agricultural approach that aims to meet the current and future needs for food, fiber, and other agricultural products while also safeguarding the environment, conserving natural resources, and supporting the economic viability of farming operations. They are used for supporting healthy soil, diverse plant and animal life, and natural pest control.

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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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