Sustainable Agriculture : Current Trends, Market Growth Insight, Share, Size, Prominent Players, Recent Developments, Marketing Dynamics and Challenges, Regional Study and Forecast by 2031

The Global Sustainable Agriculture Market is estimated to be worth 13.32 billion in 2022 and is expected to grow to 31.35 billion by 2031, with a compound annual growth rate (CAGR) of 10.17% during the forecast period of 2023-2031.

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Sustainable agriculture is defined as an agricultural system that incorporates sustainable agriculture practices and omits or reduces the use of environmentally harmful farming practices. Regenerative agriculture is a synthesis of agricultural theories and procedures that enhance and restore the farm's ecosystem by concentrating on soil quality and considering water conservation, fertilizer use, and other factors.

Sustainable agriculture has garnered increased attention from farmers, businesses, researchers, consumers, legislators, and corporate media in recent years due to its benefits, facilitating the expansion of the regenerative agriculture sector. It is anticipated that the sustainable agriculture market will experience growth constraints during the forecast period due to various factors, such as a lack of consumer awareness of the benefits of the practice, high capital requirements, and a scarcity of qualified labour and experience to operate the equipment.

List of Prominent Players in the Global Sustainable Agriculture Market:

• Monsanto Company (US)
• Pioneer Hi-Bred International (US)
• John Deere (US)
• AGCO Corporation (US)
• Trimble Inc. (US)
• UPL Limited (India)
• Godrej Agrovet (India)
• BASF SE (Germany)
• Corteva Agriscience (US)
• The Mosaic Company (US)
• Yara International (US)
• Dow AgroSciences (US)
• China National Chemical Corporation (China)
• KUBOTA Corporation (Japan)
• Thai Union Group PCL (Thailand)
• Deere & Company (US)
• Archer Daniels Midland (US)
• Cargill (US)
• DuPont (US)
• Groupe Limagrain (France)
• KWS SAAT (Germany)
• Netafim (Israel)
• Irritec (Italy)

Market Dynamics:
Drivers-

Traditional agricultural methods must be replaced with those prioritising soil health in response to the ongoing increase in carbon emissions and the decreasing availability of arable land on Earth. This transition is anticipated to result in a rise in market demand. Additionally, the global population's continuous expansion necessitates the mitigation of greenhouse gas emissions and the improvement of soil quality and water balances, all of which are expected to contribute to the upward trend. Furthermore, it is anticipated that the potential for market expansion will be enhanced by the increasing efforts of the government and businesses such as General Mills and PepsiCo to increase awareness of sustainable agriculture. General Mills has been advocating for sustainable agriculture to the general public through its products. In April 2020, the company released two limited-edition products named after Annie, which were made with ingredients sourced through sustainable agriculture.

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Challenges:

Grading, packaging, storage, assembly, and distribution comprise the primary objectives of agricultural marketing. The government has established APMC, Mandis, and other controlled marketplaces. It regulates a variety of aspects, including storage, transportation, and set-aside prices. However, small and marginal producers are experiencing challenges due to the reduced yield. At present, the government of India is supporting the farmer collectivization initiative through the FPO, which encompasses 10,000 FPOs throughout the nation. Its execution is also exceedingly challenging due to the intricate system of social mobilization, relationship-building, and transition into social capital.

Regional Trends:

The global Sustainable agriculture market is anticipated to remain dominated by North America throughout the forecast period, as it did in 2021. It is anticipated that the market expansion will be stimulated by the presence of significant industry competitors and the increasing corporate support for sustainable agriculture during the projected period. For instance, in December 2020, Danone
North America, a food and beverage corporation that manufactures a diverse array of plant-based and dairy products, was expanding its Sustainable Farming initiative. The Sustainable Farming Dairy Program was the most extensive in the United States at the time. In contrast, Asia Pacific is anticipated to experience substantial growth during the projection period as a result of its substantial population and ample agricultural land. Additionally, it is anticipated that the expansion of government initiatives to support innovative agricultural practices and the increasing public awareness of soil enhancement will give rise to numerous lucrative opportunities for market expansion in the years ahead.

Recent Developments:

• In September 2022, Bayer announced a regenerative farming partnership with Perdue AgriBusiness, which aimed to reduce carbon emissions on a large scale and establish a paradigm for a more sustainable food value chain that encompassed Perdue's entire grain network. Bayer and Perdue AgriBusiness, the international agricultural products and services business of Perdue Farms, are collaborating to create additional opportunities to support farmers on their regenerative agriculture journey. This support will benefit their land and enable them to produce more environmentally friendly foods and ingredients for companies and consumers.

• In November 2021, BASF introduced the most recent bio-based herbicide, which is derived from entirely renewable resources. As an alternative to conventional herbicides, this herbicide is in use.

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Segmentation of Global Sustainable Agriculture Market-

By Product Type-
• Biopesticides
• Biostimulants
• Seeds And Traits
• Others

By Farming System-
• Integrated Pest Management (IPM)
• Precision Agriculture Organic Farming
• Conservation Agriculture

By Region-

North America-
• The US
• Canada
• Mexico

Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-
• Brazil
• Argentina
• Rest of Latin America
. Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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