USD 12.09 billion
Report ID: SQMIG30H2087 | Region: Global | Published Date: February, 2023 | Pages: 273 | Tables: 65 | Figures: 75
Global Sustainable Agriculture Market size was valued at USD 12.09 billion in 2021 and is poised to grow from USD 13.32 billion in 2022 to USD 28.91 billion by 2030, growing at a CAGR of 10.17% in the forecast period (2023-2030).
A farming practice known as sustainable agriculture puts an emphasis on supplying the needs of the present generation without jeopardizing the capacity of future generations to do the same. The goal of sustainable agriculture is to create a system that is environmentally, socially, and economically sustainable. This involves using farming practices that are environmentally friendly, such as minimizing the use of synthetic pesticides and fertilizers, reducing soil erosion and water usage, and promoting biodiversity. It also involves using farming methods that are socially responsible, such as promoting fair labor practices and working to reduce food waste and food insecurity. In addition, it focuses on the economic sustainability of the farm and the community it serves, through practices such as promoting local food systems, creating alternative income streams, and supporting rural development. Overall, sustainable agriculture is a holistic approach to farming that takes into account the interconnectedness of the environment, society, and the economy. It is aimed at creating a more resilient, equitable and sustainable food system for both present and future generations.
The global sustainable agriculture market is expected to see strong growth in the coming years, driven by a growing demand for sustainably produced food, increasing government support for these initiatives, and technological advancements in these practices. One of the key drivers of the market is increasing consumer demand for sustainably produced food. Consumers are becoming more aware of the environmental and social impact of their food choices, and are increasingly seeking out food that is produced using these practices. This has created a growing market for sustainably produced food, which is in turn driving the growth of the market.
Governments around the world are also playing a key role in driving the growth of the market. Many governments have launched initiatives to promote sustainable agriculture practices, such as the US Department of Agriculture's Agriculture and Food Research Initiative (AFRI) and the European Union's Common Agricultural Policy. These initiatives provide funding and support for farmers and researchers to develop and implement these practices. In addition to consumer demand and government support, technological advancements in these practices are also driving the growth of the market. New technologies such as precision agriculture, vertical farming, and biotechnology are allowing farmers to produce more food with fewer resources, while also reducing the environmental impact of agriculture.
One of the biggest challenges is the cost of implementing sustainable agriculture practices. Many sustainable agriculture practices require a significant upfront investment, and farmers may not have the resources to make these investments. In addition, these practices can sometimes result in lower yields, which can be a barrier to adoption. Despite these challenges, the global market is expected to see strong growth in the coming years. The market is expected to be driven by factors such as increasing consumer demand for sustainably produced food, government support for sustainable agriculture initiatives, and technological advancements in these practices.
Global Market Size
USD 12.09 billion
Seeds and traits
Seeds and traits
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Global sustainable agriculture market is segmented on the basis of product type, and region. By product type, the market is segmented seeds and traits, biopesticides, biostimulants, and others. By farming system, market is segmented into organic farming, conservation agriculture, integrated pest management (IPM), and precision agriculture. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Product Type
The seeds and traits are the largest segments in the global sustainable agriculture market. The seeds and traits segment includes genetically modified (GM) seeds that have been developed to resist pests, diseases, and drought, and to increase crop yields. GM seeds also help to reduce the use of harmful pesticides and herbicides, which makes them more environmentally friendly. In addition, the use of GM seeds can help to increase food production and food security. The demand for GM seeds is expected to increase due to the growing population, rising demand for food, and shrinking arable land.
In terms of the fastest-growing segment, the biostimulants segment has been experiencing significant growth in recent years. The Biostimulants segment includes substances that enhance plant growth and nutrient uptake, such as humic acid, seaweed extracts, and beneficial microbes. Biostimulants help to improve crop yields and enhance soil health, which makes them more sustainable. In addition, biostimulants can be used in combination with other sustainable agriculture practices, such as organic farming and conservation agriculture, to further enhance their benefits. The demand for biostimulants is expected to increase due to their ability to improve crop yields and enhance soil health.
Analysis by Farming System
Precision agriculture is the largest segment in the global sustainable agriculture market. The Precision Agriculture segment includes products and technologies that use precision data and analytics to optimize crop yields, reduce waste, and improve resource efficiency. Products in this segment include precision irrigation systems, GPS-guided tractors, and drones for crop monitoring.
Organic farming is the fastest-growing segment in the global sustainable agriculture market. The Organic Farming segment includes agricultural biotechnology products and technologies that are specifically designed for use in organic farming systems, which prioritize sustainable and environmentally friendly practices. Products in this segment include biological pest control agents, natural fertilizers and soil conditioners, and non-GMO seeds.
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North America is a significant market for sustainable agriculture, with the United States being the largest market in the region. The United States is the largest market for sustainable agriculture in the region, with increasing consumer demand for sustainably produced food driving the growth of the market. The adoption of these practices is also being supported by government initiatives such as the Agriculture and Food Research Initiative (AFRI) and the Sustainable Agriculture Research and Education (SARE) program. In addition to the United States, Canada is also a significant market in the region, with a growing focus on sustainable agriculture practices and increasing government support for these initiatives. The adoption of these practices in Canada is being driven by a growing awareness of the importance of sustainable agriculture, as well as increasing demand for sustainably produced food from consumers. The North American market is being driven by factors such as increasing consumer demand for sustainably produced food, government support for these initiatives, and technological advancements in these practices. The region is expected to continue to see strong growth in the adoption of sustainable agriculture practices over the coming years.
The Asia-Pacific region is expected to see the fastest growth in the sustainable agriculture market. The Asia-Pacific market is being driven by factors such as increasing demand for food due to a growing population, increasing government support for these initiatives, and a growing awareness of the importance of sustainable agriculture. Countries such as India and China are expected to be major growth markets in the region. In India, the government has launched several initiatives to promote these practices, such as the Paramparagat Krishi Vikas Yojana (PKVY), which aims to promote organic farming in the country. In addition, increasing consumer demand for sustainably produced food is driving the growth of the sustainable agriculture market in India. In China, the government has launched the "Action Plan for Zero Growth in Fertilizer and Pesticide Use in China by 2020", which aims to reduce the use of fertilizers and pesticides in agriculture and promote these practices. Increasing consumer demand for organic food is also driving the growth of the market in China. Other countries in the Asia-Pacific region, such as Australia and Japan, are also significant markets for sustainable agriculture, with increasing government support for these initiatives and a growing awareness of the importance of sustainable agriculture driving the growth of the market.
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Increasing demand for food
Need to reduce environmental impact
Lack of awareness and education
Limited availability of sustainable inputs
Limited access to financing
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The global sustainable agriculture market is highly competitive, with numerous players operating in the industry. These companies operate across the entire value chain of sustainable agriculture, including the development and production of sustainable crop protection products, seeds, fertilizers, irrigation systems, and other agricultural inputs, as well as digital tools and precision agriculture technology. Many of these companies also have a strong focus on sustainable agriculture research and development and are investing heavily in the development of new and innovative solutions. The global market is shaped by a range of factors, including regulatory frameworks, shifting consumer preferences, and advancements in technology. In order to remain competitive, companies in the market must constantly innovate and adapt to changing market conditions, while also maintaining a strong focus on sustainability and environmental responsibility. Overall, the global market is expected to continue to grow and evolve in the coming years, presenting significant opportunities for companies that are able to effectively navigate this rapidly changing landscape.
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SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our sustainable agriculture market analysis, the global market is a growing market that is expected to see significant growth in the coming years. North America is expected to be the largest market, driven by increasing government support for sustainable agriculture initiatives and a growing demand for sustainably produced food. Asia Pacific is also expected to see significant growth, driven by a growing population and increasing demand for food. However, the market also faces some challenges. One of the biggest challenges is the cost of implementing these practices. Many such practices require a significant upfront investment, and farmers may not have the resources to make these investments. In addition, these practices can sometimes result in lower yields, which can be a barrier to adoption. Overall, the global sustainable agriculture market is expected to see strong growth in the coming years, driven by factors such as increasing consumer demand for sustainably produced food, government support for these initiatives, and technological advancements in these practices. However, the market also faces some challenges and will require continued innovation and investment to reach its full potential.
|Market size value in 2021||USD 12.09 billion|
|Market size value in 2030||USD 13.32 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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For the Global Sustainable Agriculture Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Sustainable Agriculture Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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