The Global Sustainable Agriculture Market size is valued at 13.32 billion in 2022 and is predicted to reach 31.35 billion by the year 2031 at a 10.17% CAGR during the forecast period for 2023-2031.
Sustaining agricultural production depends on the quality and availability of natural resources like soil and water. Agricultural expansion may be supported by encouraging the conservation and sustainable use of these precious natural resources through suitable area-specific measures. Sustainable agriculture systems are those that are financially viable and meet society's demand for safe and healthy food while preserving or enhancing environmental resources and the quality of the environment for future years.
In addition to the extensive use of no-till agriculture, crop rotation, animal rotations, and recycling techniques, rising worries about global environmental disturbance are predicted to drive category growth over the forecast period. Utilizing low-cost, locally sourced resources efficiently integrates with sustainable farming philosophy to provide healthy soil, nutritious food, pure water, and clean air. By providing nutrients and increasing pest and disease resistance, this long-term holistic approach raises the quality of the soil.
However, it is commonly recognized that weather and climate change directly impact agricultural productivity. Under normal conditions, the climate during the growing season determines how well crops develop, grow, use water, and produce. Crop productivity can be severely hampered by even a slight departure from the usual. Global warming has affected the hydrological cycle, which impacts India's rainfall volume and frequency. India is facing issues with agricultural sustainability, an increase in extreme events, and annual large-scale droughts that affect around one-third of the country on average. Given that most arable land lacks irrigation infrastructure, water availability becomes the most important aspect of agriculture.
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.
Competitive Landscape:
Some of the Global Sustainable Agriculture market players are:
- BASF SE (Germany)
- Corteva Agriscience (US)
- The Mosaic Company (US)
- Yara International (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)
- 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 Segmentation:
The Global Sustainable Agriculture market is segmented on the basis of product type, farming system, Formulation, Crop type and Application. On the basis of product type, the market is segregated into Seeds and traits, biopesticides, biostimulants, and others. The farming system segment includes Organic farming, conservation agriculture, integrated pest management (IPM), and precision agriculture. Based on the formulation, the market is segmented into liquid and dry and Crop type segment contains Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, amd Other Crop Types. The last segment is Application which includes Seed Treatment, Soil Treatment, Foliar spray, Other.
Based On Product Type, The Seeds And Traits Segment Is A Significant Contributor To The Global Sustainable Agriculture Market
The seeds and traits category will hold a major global Sustainable Agriculture market share in 2022. Genetically modified (GM) seeds were created in this sector to boost crop yields and resist pests, illnesses, and drought. Using toxic pesticides and herbicides may be reduced if GM seeds include good features like enhanced resistance to problems and illnesses. This helps farmers' expenses by making them less expensive and more environmentally friendly.
Precision Agriculture Segment Witnessed Growth At A Rapid Rate
The market for sustainable agriculture will be dominated by precision agriculture. It had the most significant market share in 2022. This market category consists of goods and services that maximize crop yields, cut waste, and increase resource efficiency through the use of precision data and analytics. Precision irrigation systems, GPS-guided tractors, and drones for agricultural monitoring are a few of the goods in this market category. Canada is another key market in the area for precision agriculture, in addition to the United States.
In The Region, The North America Global Sustainable Agriculture Market Holds Significant Revenue Share
The United States is the region's largest market and is a significant sustainable agriculture market. The market for sustainable agriculture in the US is expanding as a result of rising customer demand for food that has been produced sustainably. Precision farming is expected to surpass other innovations to become the most significant trend in agriculture by the end of 2030. Precision agriculture practices allow farmers to reduce their environmental effect while increasing yields and profitability. Besides, the market for sustainable agriculture is expanding significantly, with the Asia-Pacific area predicted to grow the fastest over the next few years. Smallholder farmers grow more than 82% of the food that is consumed in sub-Saharan Africa and Asia. As a result, the development of sustainable agricultural practices offers a chance to enhance these farmers' lives while also advancing the sustainability of food production.
Sustainable Agriculture Market Report Scope:
|
Report Attribute |
Specifications |
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Market size value in 2022 |
USD 13.32 Bn |
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Revenue forecast in 2031 |
USD 31.35 Bn |
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Growth rate CAGR |
CAGR of 10.17 % from 2023 to 2031 |
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Quantitative units |
Representation of revenue in US$ Billion, and CAGR from 2023 to 2031 |
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Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Product Type, Farming System, Crop type, Formulation, And Application |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
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Competitive Landscape |
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). |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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