The global agroscience market size is expected to grow from $203.81 billion in 2021 to $216.6 billion in 2022 at a compound annual growth rate (CAGR) of 6.3%. The global agroscience product market size is expected to grow to $263.17 billion in 2026 at a CAGR of 5.0%.
What is the Global AgroScience Market?
The agroscience market consists of sales of agroscience products by entities (organizations, sole traders, and partnerships) that are used in agricultural products production and processing. This includes the products used in soil cultivation, crop cultivation, animal production, and also the processing of agricultural products for human consumption and use. It also offers the transformation of primary product to final product such as production, preservation, and packaging to be used by the end-user.
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What drives the Global AgroScience Market?
The growing adoption of sustainable agriculture is expected to propel the growth of the agroscience market. The 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 program backed by Yara, one of the global agriculture leaders in crop nutrition, has been launched in India. 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 industry.
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Global AgroScience Market Segments
The global agroscience market is segmented:
By Product: Biopesticides, Biostimulants, GM Seeds
By Active Ingredient: Acid-Based Biostimulants, Extract-Based Biostimulants
By Application: Crops, Food and Vegetables
By Geography: The regions covered in the agroscience market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
AgroScience Global Market Report 2022provides market size and growth forecasts for the global agroscience market, agroscience global market share, agroscience market segments and geographies, agroscience market competitive landscape including leading competitors’ revenues, profiles and market shares. The agroscience market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global AgroScience Industry Playersinclude Agrinos Inc, Nutrien, Arysta LifeScience Corporation (United Phosphorus Ltd.), BASF, Corteva Agriscience, Novozymes (Novo A/S), BioWorks, Dow AgroSciences, DuPont, Biostadt, Koppert, Nufarm, Valent BioSciences, Valagro, AgBiTech, SRT Agro Science Pvt. Ltd, GNP AGROSCIENCES PVT. LTD, Himalaya Agro Science, Green Earth Agro Science, Sigma Agriscience, Eurofins Scientific, and Arysta LifeScience. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
