USD 12.09 billion
Sustainable Agriculture Market Size, Share, Growth Analysis, By Product Type(Seeds and traits, biopesticides, biostimulants, and others), By Farming System(Organic farming, conservation agriculture, integrated pest management (IPM), and precision agriculture), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30H2087 |
Region:
Global |
Published Date: February, 2024
Pages:
273
|Tables:
65
|Figures:
75
Sustainable Agriculture Market Insights
Sustainable Agriculture Market size was valued at USD 12.09 billion in 2019 and is poised to grow from USD 13.32 billion in 2023 to USD 28.91 billion by 2031, growing at a CAGR of 10.17% in the forecast period (2024-2031).
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.
US Sustainable Agriculture Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
biopesticides
Fastest Growth
biopesticides
Growth Rate
10.17% CAGR
Global Sustainable Agriculture Market ($ Bn)
Country Share for North America Region (%)
Country Share for Aisa Pacific Region (%)
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Sustainable Agriculture Market Segmental Analysis
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.
Sustainable Agriculture Market 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.
Sustainable Agriculture Market 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.
Global Sustainable Agriculture Market By Product Type
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Sustainable Agriculture Market Regional Insights
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.
Global Sustainable Agriculture Market By Region
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Sustainable Agriculture Market Dynamics
Sustainable Agriculture Market Drivers
Increasing demand for food
- As the world's population continues to grow, the demand for food is also increasing. Sustainable agriculture practices help to increase yields and ensure that food is produced in a more efficient and environmentally friendly way.
Need to reduce environmental impact
- Agriculture is a major source of greenhouse gas emissions, water pollution, and other environmental problems. Sustainable agriculture practices can help to reduce the environmental impact of agriculture, making it more sustainable over the long term.
Regulatory support
- Governments around the world are increasingly supporting sustainable agriculture practices through various policies and initiatives. This is helping to drive the adoption of these practices among farmers and other stakeholders.
Sustainable Agriculture Market Restraints
High costs
- Sustainable agriculture practices often require significant investments in new technology, infrastructure, and training. This can make it difficult for some farmers, particularly small-scale farmers, to adopt these practices.
Lack of awareness and education
- There is still a lack of awareness and education about sustainable agriculture practices among farmers, policymakers, and other stakeholders. This can make it difficult to drive the adoption of these practices across the industry.
Limited availability of sustainable inputs
- There is currently limited availability of sustainable inputs, such as seeds and fertilizers, which can make it difficult for farmers to adopt sustainable agriculture practices.
Limited access to financing
- Sustainable agriculture practices often require significant investments, which can be difficult for some farmers to access. Limited access to financing can make it difficult for farmers to adopt these practices.
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Sustainable Agriculture Market Competitive Landscape
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.
Sustainable Agriculture Market Top Player’s Company Profiles
- Archer Daniels Midland Company
- BASF SE
- Bayer AG
- Bunge Limited
- Cargill, Incorporated
- Corteva Agriscience
- Danone
- General Mills, Inc.
- Kellogg Company
- Kraft Heinz Company
- Mars, Incorporated
- Monsanto Company
- Nestlé S.A.
- PepsiCo, Inc.
- Syngenta AG
- The Coca-Cola Company
- The Hershey Company
- Unilever
- Yara International ASA
- Zoetis Inc.
Sustainable Agriculture Market Recent Developments
- In November 2021, BASF announced that it had developed a new bio-based herbicide, which is made from 100% renewable resources. The herbicide is designed to provide an alternative to conventional herbicides, which can have negative environmental impacts.
- In September 2021, Syngenta announced that it had received approval from the European Union for a new fungicide, which is designed to protect crops against a range of fungal diseases. The fungicide is based on a naturally occurring molecule and is considered to be more sustainable than conventional fungicides.
- In August 2021, Corteva Agriscience announced that it had launched a new line of seed products that are designed to improve soil health and promote sustainable agriculture practices. The seed products are designed to improve nutrient availability and reduce erosion, among other benefits.
- In July 2021, Monsanto announced that it had invested in a new startup, called Pivot Bio, which is developing a new microbial product that can be used to replace synthetic nitrogen fertilizers. The product is designed to help farmers reduce their environmental impact and increase their yields.
- In May 2021, The Mosaic Company announced that it had entered into a partnership with AgBiome, a biotechnology company that is developing sustainable crop protection solutions. The partnership will focus on developing new microbial products that can help farmers reduce their use of synthetic pesticides.
Sustainable Agriculture Key Market Trends
- Increasing consumer demand for sustainable and organic food products: Consumers are becoming more aware of the environmental impact of conventional agriculture, and are increasingly looking for sustainable and organic food products. This is driving demand for sustainable agriculture practices and products.
- Growing adoption of precision agriculture techniques: Precision agriculture techniques, such as GPS mapping, drone technology, and soil sensors, are becoming more widely adopted by farmers. These techniques allow farmers to manage their crops and resources, which can result in higher yields and more sustainable practices.
- Rising popularity of regenerative agriculture: Regenerative agriculture is a holistic approach to farming that focuses on building soil health, improving biodiversity, and sequestering carbon. This approach is gaining popularity among farmers and consumers as a way to mitigate the environmental impact of agriculture.
- Increasing investment in sustainable agriculture: Governments and private companies are investing more in sustainable agriculture, which is driving innovation and growth in the market. For example, the EU's Common Agricultural Policy includes measures to promote sustainable agriculture, while private companies are investing in research and development of these products.
- Integration of technology with sustainable agriculture practices: Technology is being increasingly integrated with sustainable agriculture practices, allowing for more efficient and effective management of crops and resources. For example, artificial intelligence and machine learning can be used to analyze data and optimize crop management.
Sustainable Agriculture Market SkyQuest Analysis
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.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 12.09 billion |
| Market size value in 2031 | USD 28.91 billion |
| Growth Rate | 10.17% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Sustainable Agriculture Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Sustainable Agriculture Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the 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 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Sustainable Agriculture Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Sustainable Agriculture Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Sustainable Agriculture Market Report Snapshots
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