Press release
Sustainable Agriculture Market Revenue Report with Forecast to 2034
The global Global Sustainable Agriculture market is estimated to reach over USD 59.3 Billion by 2034, exhibiting a CAGR of 10.7% during the forecast period.
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Sustainable agriculture refers to farming systems that incorporate environmentally responsible practices, aiming to minimize ecological harm while promoting long-term productivity. Regenerative agriculture, a subset of sustainable agriculture, emphasizes improving soil health and revitalizing the entire farm ecosystem by integrating principles such as water conservation, optimized fertilizer use, and biodiversity enhancement.
In recent years, regenerative agriculture has gained increased recognition among farmers, industry stakeholders, academic researchers, consumers, policymakers, and media outlets. This heightened awareness is largely driven by the environmental and economic benefits associated with sustainable agricultural practices. However, despite this momentum, the market for sustainable agriculture is projected to face several constraints during the forecast period. Key barriers include limited public awareness regarding the benefits of regenerative practices, high initial investment costs, and a shortage of skilled labor and technical expertise required for managing advanced agricultural equipment.
List of Prominent Players in the Global Sustainable Agriculture Market:
• BASF SE (Germany)
• Corteva Agriscience (US)
• The Mosaic Company (US)
• Yara International (US)
• Dow AgroSciences (US)
• Monsanto Company (US)
• Pioneer Hi-Bred International (US)
• John Deere (US)
• AGCO Corporation (US)
• Trimble Inc. (US)
• Deere & Company (US)
• Archer Daniels Midland (US)
• Cargill (US)
• DuPont (US)
• Groupe Limagrain (France)
• KWS SAAT (Germany)
• Netafim (Israel)
• Irritec (Italy)
• UPL Limited (India)
• Godrej Agrovet (India)
• China National Chemical Corporation (China)
• KUBOTA Corporation (Japan)
• Thai Union Group PCL (Thailand)
Market Dynamics:
Drivers-
The increasing levels of carbon emissions and the declining availability of arable land have created an urgent need to transition from conventional farming methods to those prioritizing soil health. This shift is anticipated to drive significant market demand for sustainable agricultural practices. Additionally, the global population's continuous growth has intensified the need to reduce greenhouse gas (GHG) emissions, improve soil fertility, and optimize water usage-all contributing to the positive trajectory of the market.
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Challenges:
Despite the supportive policy framework-such as the establishment of Agricultural Produce Market Committees (APMCs), regulated mandis, and infrastructure for storage and distribution-small and marginal farmers continue to face considerable difficulties due to lower crop yields. The Government of India has initiated the Farmer Producer Organization (FPO) program, aiming to establish 10,000 FPOs nationwide to empower farmers through collectivization.
Regional Trends:
North America maintained a leading position in the global sustainable agriculture market in 2021 and is projected to continue its dominance throughout the forecast period. The region's growth is supported by active corporate engagement and the presence of major industry players. For instance, Danone North America expanded its sustainable farming initiative in December 2020, establishing the largest program of its kind within the U.S. dairy sector.
Conversely, the Asia Pacific region is poised for robust growth due to its vast agricultural land resources and large population base. Future market opportunities in the region are likely to be driven by increased governmental support for innovative farming techniques and rising public consciousness around soil regeneration and environmental stewardship.
Recent Developments:
• In Sept 2022, Bayer publicised a regenerative farming partnership with Perdue AgriBusiness, strived at large-scale carbon emission reductions and created a model for a more sustainable food value chain spanning across Perdue's entire grain network. Through the collaboration, Bayer and Perdue AgriBusiness, the international agricultural products and services business of Perdue Farms, are developing further opportunities to assist support farmers on their regenerative agriculture journey, helping their land and helping them produce more environmentally friendly foods and ingredients for companies and consumers.
• In November 2021, BASF introduced the latest bio-based herbicide, made from completely renewable resources. This herbicide is used as an alternative to conventional herbicides.
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Segmentation of Global Sustainable Agriculture Market-
By Product Type-
• Seeds And Traits
• Biopesticides
• Biostimulants
• Others
By Farming System-
• Organic Farming
• Conservation Agriculture
• Integrated Pest Management (IPM)
• Precision 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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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.https://www.insightaceanalytic.com/images_data/148861653.
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