AgroScience Global Market Report 2024

“AgroScience Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on agroscience market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for agroscience? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The agroscience market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Product: Biopesticides; Biostimulants; GM Seeds
• 2) By Active Ingredient: Acid-based biostimulants; Extract-based biostimulants
• 3) By Application: Crops; Food & Vegetable
• Companies Mentioned: Agrinos Inc.; Nutrien Inc.; Arysta LifeScience Corporation (United Phosphorus Ltd. ); BASF SE; Corteva Agriscience Inc.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Agroscience encompasses disciplines related to the production and processing of food and fiber, which includes agronomy, soil science, horticulture, and the scientific study of crop production systems. These sciences involve techniques for cultivating soil, growing and harvesting crops, raising animals, and preparing plant and animal products for human use and consumption.

The primary types of agroscience include biopesticides, biostimulants, and GM (Genetically Modified) seeds. The biopesticide market involves the sales of pesticide products derived from natural materials such as animals, plants, bacteria, and certain minerals. These biopesticides, sourced from acid-based and extract-based biostimulants, find applications in crops, food, and vegetable production.

The agroscience market research report is one of a series of new reports from The Business Research Company that provides agroscience market statistics, including agroscience industry global market size, regional shares, competitors with market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the agroscience industry. This agroscience market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The agroscience market size has grown strongly in recent years. It will grow from $231. 08 billion in 2023 to $244. 5 billion in 2024 at a compound annual growth rate (CAGR) of 5. 8%. The growth observed in the historical period can be attributed to several factors, including population growth, the impact of climate change, heightened environmental concerns, and the influences of globalization and international trade.

The agroscience market size is expected to see strong growth in the next few years. It will grow to $306. 52 billion in 2028 at a compound annual growth rate (CAGR) of 5. 8%. The anticipated growth in the forecast period can be attributed to various factors, including consumer health and wellness trends, heightened disease and pest pressure, concerns related to food security, and demographic shifts. Key trends expected in the forecast period encompass increased investment and funding, the adoption of digital agriculture and precision farming, advancements in biotechnology, the promotion of climate-smart agriculture, the rise of vertical farming and controlled environment agriculture, the integration of smart machinery and robotics, and the application of artificial intelligence (AI) and machine learning.

The agroscience market is poised for growth owing to the increasing adoption of sustainable agriculture practices worldwide. Agricultural communities globally are transitioning toward sustainable farming methods to preserve and restore vital habitats, protect watersheds, and enhance soil health and water quality. For instance, in October 2021, the Agoro Carbon Alliance, supported by Yara, a leading global agriculture corporation in crop nutrition, was introduced in India. This initiative aims to foster a more sustainable and profitable future in food production. Hence, the rising implementation of sustainable agriculture practices acts as a driving force propelling the growth of the agroscience market.

The heightened demand for food crops is anticipated to fuel the expansion of the agroscience market in the foreseeable future. Food crops encompass plants cultivated explicitly for human consumption, and agroscience plays a pivotal role in enhancing their quality, yield, resilience, and genetic traits. For example, according to a report from the UK Government Digital Service in October 2023, the UK's production of wheat, barley, oats, and oilseed rape surged by 8. 5% in 2022, reaching 24 million metric tons, compared to the previous year. Consequently, the substantial demand for food crops drives growth within the broader crop farming market, reflecting the pivotal role of agroscience in optimizing crop production.

Strategic partnerships and collaborations emerge as a prominent trend within the agroscience market. Key players in the industry are expanding their research and development endeavors through strategic collaborations and partnerships with pertinent entities. For instance, in April 2021, Corteva Agriscience, a US-based agricultural chemical and seed company, joined forces with Ginkgo Bioworks, a US-based biotechnology firm. This collaboration involves integrating Ginkgo's cell engineering platform and DNA codebase with Corteva's expertise in natural product development and agriculture. The aim is to explore innovative, organically inspired sustainable solutions for the next generation of agricultural challenges. This strategic partnership signifies a broader trend within the agroscience market, where collaborative efforts drive innovation and technological advancements.

Major companies within the agroscience market are actively innovating new technologies, such as CART (Climate Adapted Release Technology), to offer enhanced and dependable services to their customers. CART, an acronym for Climate Adapted Release Technology, represents a novel innovation aimed at optimizing the control of thrips and whiteflies. For instance, in March 2021, Bioline AgroSciences Ltd., a UK-based provider of biological control products, introduced CART. This technology is engineered to enhance the efficiency of existing biological control products like Starskii and Montyline, which contain predatory mites known to feed on small arthropod prey and pollen. CART adapts to varying environmental conditions, including temperature and humidity fluctuations within different cropping systems, spanning protected and semi-protected environments.

In a notable development from May 2022, Albaugh LLC, a US-based crop protection company, acquired Rotam Global Agrosciences Limited for an undisclosed sum. Through this acquisition, Albaugh LLC aims to broaden its product portfolio and bolster its services to customers and farmers. Rotam Global Agrosciences Limited, based in Hong Kong, specializes in manufacturing biotechnological products. Albaugh's strategic acquisition of Rotam strengthens its market position by offering a larger share of insecticides and fungicides, along with establishing robust footholds in core herbicides that have proven efficacy. This acquisition signifies Albaugh's strategic move to diversify its product offerings and fortify its presence within the agroscience market, catering to a wider range of agricultural needs and requirements.

Major companies operating in the in the agroscience market report are Agrinos Inc., Nutrien Inc., Arysta LifeScience Corporation (United Phosphorus Ltd. ), BASF SE, Corteva Agriscience Inc., Novozymes A/S, BioWorks Inc., Dow AgroSciences LLC, E. I. du Pont de Nemours and Company, Biostadt India Limited, Koppert Biological Systems B. V., Nufarm Limited, Valent BioSciences Corporation, Valagro S. p. A., AgBiTech Pty Ltd, SRT Agro Science Pvt. Ltd., GNP AGROSCIENCES PVT. LTD., Himalaya Agro Science Industries, Green Earth Agro Science, Sigma Agriscience LLC, Eurofins Scientific SE, Bayer AG, Syngenta Group, Deere & Company, Monsanto Company, Trimble Inc., Yara International ASA, Topcon Corporation, AGCO Corporation, Kubota Corporation, FMC Corporation, The Mosaic Company, Valmont Industries Inc., Zoetis Inc., Marrone Bio Innovations Inc., Indigo Agriculture Inc., TerrAvion Inc., Taranis-Visual Ltd., Granular LLC, Resson Aerospace Corporation, Ag Leader Technology Inc., Farmers Edge Inc., Iteris Inc., Agribotix LLC, SlantRange Inc., The Climate Corporation, Sentera LLC

North America was the largest region in the agroscience market in 2023. North America is expected to be the largest market in agroscience market. The regions covered in the agroscience market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the agroscience market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The agroscience market includes revenues earned by entities by soil cultivation, crop cultivation and harvesting, and animal production. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.