Agroscience Market to Grow with a CAGR of 7.12% through 2029
Technological
advancements in crop genetics and precision agriculture technologies are
expected to drive the Global Agroscience Market growth in the forecast period,
2025-2029.
According
to TechSci Research report, “Agroscience Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2029”, the
Global Agroscience Market stood at USD 35.94 billion in 2023 and is anticipated
to grow with a CAGR of 7.12% in the forecast period through 2029. This can be
attributed to crop protection innovations. The need for effective and
sustainable crop protection solutions is driving innovation in the agroscience
sector. Research and development efforts are focused on developing
environmentally friendly pesticides and herbicides that minimize harm to
non-target organisms while ensuring robust pest and disease control. Biological
and bio-based alternatives are gaining traction as consumers and regulators
prioritize eco-friendly options.
Furthermore,
circular agriculture, emphasizing the regenerative use of resources and
reducing waste, is becoming a focal point for agroscience innovation.
Sustainable farming practices, including cover cropping, reduced tillage, and
organic farming, are expected to gain prominence. Agroscience companies will
contribute by developing and promoting technologies that align with circular
and sustainable principles.
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"Global Agroscience Market”
Agroscience
encompasses a diverse field of biology dedicated to the examination of
different agricultural methodologies. This discipline involves the scientific
exploration of crop production methods, agronomy, soil science, horticulture,
plant pathology, entomology, plant breeding, molecular biotechnology, and
environmental science. The central objective of agroscience is the enhancement
of agricultural techniques to elevate both the quality and quantity of
agricultural produce, encompassing aspects of production, preservation, and
packaging. Additionally, agroscience involves the creation of various products,
including biopesticides, biostimulants, and genetically modified (GM) seeds,
commonly utilized to optimize crop yield.
The
Global Agroscience Market is segmented into type, end users, regional
distribution, and company.
Based
on its type, Biostimulants are fastest growing segment in
the Global Agroscience Market. Biostimulants have demonstrated positive impacts on
crop yield, quality, and resilience. They can improve nutrient uptake,
stimulate plant growth, enhance stress tolerance (such as drought or disease
resistance), and promote root development. Farmers are increasingly adopting
biostimulants to optimize crop performance and maximize yields, especially in
challenging environmental conditions. Governments
and regulatory bodies in many countries are increasingly promoting the use of
biostimulants as part of sustainable agricultural practices. This support comes
in the form of regulations favoring bio-based products, financial incentives,
and research funding for biostimulant development. Advances in biotechnology and agricultural science
have led to the development of more effective biostimulant products.
Researchers are continuously exploring new formulations and modes of action for
biostimulants, making them more efficient and versatile in enhancing plant
growth, nutrient uptake, and stress tolerance. With the increasing demand for
organic produce, there is a parallel growth in the market for biostimulants, as
they are widely accepted in organic farming systems. Biostimulants help organic
farmers improve soil health and crop productivity without relying on synthetic
inputs.
Asia Pacific is the fastest growing region in the Global Agroscience Market. The Asia
Pacific region is home to a large and rapidly growing population. This
population growth, along with rising incomes and changing dietary preferences,
is driving increased demand for agricultural products. As more people move into
the middle class, there is a greater demand for higher-value foods like meat,
dairy, and processed foods, which in turn increases demand for agricultural
inputs such as fertilizers, pesticides, and seeds.
Major
companies operating in Global Agroscience Market are:
- Corteva
Inc
- Novozymes
A/S
- Sumitomo
Chemical Co Ltd
- Eurofins
Scientific SE
- Syngenta
AG
- Nutrien
Ltd.
- BASF
SE
- Bayer
AG
- SRT
Agro Science Pvt Ltd
- gnp
agrosciences pvt. ltd.
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“The
upcoming trends in the global agroscience market reflect a convergence of
technology, sustainability, and innovation. As the industry responds to the
challenges and opportunities in agriculture, agroscience companies will play a
pivotal role in shaping the future of farming. From digital agriculture to gene
editing and sustainable practices, these trends herald a new era of resilience,
efficiency, and sustainability in global agriculture. As stakeholders embrace
these advancements, the agroscience market is poised for continued growth and
positive transformation,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“Agroscience
Market By Product Type (Genetically Modified (GM) Seeds, Biopesticides,
Biostimulants), By End Users (Crops, Food and Vegetables), By Region, By
Competition Forecast & Opportunities, 2019-2029F”, has evaluated the
future growth potential of Global Agroscience Market and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Agroscience Market.
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