Product ID: SQMIG30H2087
Global Sustainable Agriculture Market Size, Share, Growth Analysis, By Product Type(Seeds and traits, biopesticides), By Farming System(Organic farming, conservation agriculture) - Industry Forecast 2024-2031
Report ID:
SQMIG30H2087 |
Region:
Global |
Published Date: February, 2024
Pages:
273
|
Tables:
65 |
Figures:
75
Global 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.
Global Sustainable Agriculture Market Report Snapshots
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