IMARC Group’s report titled “Agroscience Market Report by Product (Genetically Modified (GM) Seeds, Biopesticides, Biostimulants), and Region 2024-2032“. The global agroscience market size reached US$ 38.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 69.6 Billion by 2032, exhibiting a growth rate (CAGR) of 6.5% during 2024-2032.
Factors Affecting the Growth of the Agroscience Industry:
- Global Food Demand and Security:
The agroscience sector is booming as the world grapples with a growing population and the urgent need for food security. With global demand for food on the rise, there is a pressing need to enhance agricultural practices sustainably. Agroscience, which includes agricultural research and technology, is crucial in meeting this challenge. It focuses on enhancing crop yields, boosting disease resistance, and refining farming techniques. The dual goals of meeting food demand while addressing environmental issues are driving significant research and investment in agroscience.
- Climate Change and Environmental Sustainability:
The agricultural sector faces significant hurdles due to climate change, such as unpredictable weather, rising pest issues, and water shortages. Consequently, there is a growing need for agroscience innovations to combat these challenges and uphold environmental well-being. This involves developing crops that can withstand droughts, eco-friendly pesticides, and precision farming methods to maximize resource efficiency. Adapting agriculture to changing environmental conditions is imperative, driving considerable advancements and financial backing in the agroscience industry to create sustainable solutions that enhance productivity while preserving the environment.
- Ongoing Technological Advancements and Digital Agriculture:
The agroscience market is being significantly influenced by the swift advancements in technology, especially in the fields of biotechnology and data analytics. Biotechnology has enabled the development of genetically modified crops with improved characteristics, while digital agriculture utilizes data and automation to transform crop management, minimize waste, and enhance productivity. These technological breakthroughs empower farmers to make informed choices and enhance their farming techniques. The incorporation of technology into agriculture is driving increased research and investment in agroscience to fully leverage these innovations, transforming food production to address contemporary challenges effectively.
Leading Companies Operating in the Global Agroscience Industry:
- Agrinos Inc.
- Nutrien
- Arysta LifeScience Corporation (United Phosphorus Ltd.)
- BASF, Bayer
- Corteva Agriscience
- Novozymes (Novo A/S)
- Sumitomo Chemical
- Syngenta (ChemChina).
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/agroscience-market/requestsample
Agroscience Market Report Segmentation:
By Product:
- Genetically Modified (GM) Seeds
- By Trait
- Herbicide-Tolerant
- Insect-Resistant
- Others
- By Seed Type
- Corn
- Soybean
- Cotton
- Canola
- Others
- By Trait
- Biopesticides
- Bioherbicides
- Bioinsecticides
- Biofungicides
- Others
- Biostimulants
- Acid-based
- Humic Acid
- Fulvic Acid
- Amino Acid
- Extract-based
- Seaweed Extract
- Other Plant Extracts
- Others
- Microbial Soil Amendments
- Chitin & Chitosan
- Others
- Acid-based
Genetically Modified (GM) seeds represented the leading segment due to their widespread adoption for improved crop yields and pest resistance.
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Global Agroscience Market Trends:
Industri agrosains mengalami pertumbuhan yang signifikan karena meningkatnya permintaan populasi global akan produktivitas pertanian yang lebih tinggi untuk memenuhi kebutuhan pangan. Hal ini menyebabkan meningkatnya kebutuhan akan solusi agrosains tingkat lanjut. Selain itu, tantangan yang ditimbulkan oleh perubahan iklim dan permasalahan lingkungan mendorong penerapan praktik pertanian berkelanjutan dan penciptaan varietas tanaman yang berketahanan, sehingga mendorong inovasi dalam ilmu pertanian. Pasar ini semakin terdorong oleh meningkatnya penggunaan teknologi pertanian presisi seperti drone dan perangkat IoT, yang mengoptimalkan proses pertanian. Selain itu, meningkatnya kekhawatiran terhadap keamanan pangan dan permintaan akan produk organik dan non-transgenik mendorong pengembangan solusi perlindungan tanaman dan bioteknologi baru, sehingga mendorong perluasan pasar.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
