According to The Business Research Company’s AgroScience, The agroscience market size has grown strongly in recent years. It will grow from $231.08 billion in 2024 to $244.5 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to population growth, climate change, environmental concerns, globalization and trade.
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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 growth in the forecast period can be attributed to consumer health and wellness trends, disease and pest pressure, food security concerns, demographic shifts. Major trends in the forecast period include investment and funding, digital agriculture and precision farming, biotechnology advancements, climate-smart agriculture, vertical farming and controlled environment agriculture, smart machinery and robotics, ai and machine learning.The growing adoption of sustainable agriculture is expected to propel the growth of the agroscience market. Agricultural communities across the globe are shifting towards sustainable agricultural practices to preserve and restore critical habitats, help protect watersheds, and improve soil health and water quality. For instance, in October 2021, the Agoro Carbon Alliance, the first sustainable agriculture programme backed by Yara, one of the global agriculture leaders in crop nutrition, was launched in India. The Agoro Carbon Alliance aims to create a more sustainable and profitable food future. Therefore, the growing adoption of sustainable agriculture is driving the growth of the agroscience market.
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The agroscience market covered in this report is segmented –
1) By Product: Biopesticides, Biostimulants, GM Seeds
2) By Active Ingredient: Acid-based biostimulants, Extract-based biostimulants
3) By Application: Crops, Food & Vegetable Strategic partnerships and collaborations are a key trend gaining popularity in the agroscience market.
Top 5 Major Players:
The key players in the market are expanding their research and development activities through strategic collaborations and partnerships with relevant players in the market. For instance, in April 2021, Corteva Agriscience, a US-based agricultural chemical and seed company, collaborated with a US-based biotechnology company, Ginkgo Bioworks. As part of the collaboration, Ginkgo’s cell engineering platform and DNA codebase are being combined with Corteva’s natural product development and agricultural expertise to explore the next generation of organically inspired sustainable solutions.
The agroscience market report table of contents includes:
1. Executive Summary
2. AgroScience Market Characteristics
3. AgroScience Market Trends And Strategies
4. AgroScience Market – Macro Economic Scenario
5. Global AgroScience Market Size and Growth
…..
31. Global AgroScience Market Competitive Benchmarking
32. Global AgroScience Market Competitive Dashboard
33. Key Mergers And Acquisitions In The AgroScience Market
34. AgroScience Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global AgroScience Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global AgroScience Market, Segmentation By Active Ingredient, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global AgroScience Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 74: Agrinos Inc. Financial Performance
Table 75: Nutrien Inc. Financial Performance
Table 76: Arysta LifeScience Corporation (United Phosphorus Ltd.) Financial Performance
Table 77: BASF SE Financial Performance
Table 78: Corteva Agriscience Inc. Financial Performance
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