Expert Market Research’s new report titled ‘Global Bio-agriculture Market Size, Share, Price, Trends, Growth, Outlook, Report and Forecast 2021-2026’, gives an in-depth analysis of the global bio-agriculture market -agriculture, assessing the market based on its segments such as function, product type, application mode and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
• Historical market size (2020): 9.5 billion USD
• Forecast CAGR (2021-2026): 12.0%
• Forecasted market size (2026): 18.9 billion USD
The increasing consumption of organic foods is a key driver for the growth of the bio-agriculture market. Growing awareness about the benefits of organic food, long term adverse health effects of pesticides and online access to organic food is one of the major factors driving the organic food market across the globe . Developed economies including the United States, Switzerland, and Denmark are witnessing significant growth in the bioagriculture market owing to the high expenditure of people on organic foods and the promotion of organic foods by the government. The US government has worked hard to promote the production of organic food products by increasing the number of certified organic farms and providing funding for organic research and cost-shared assistance for certification.
Industry definition and major segments
Bio-farming is a model of sustainable agriculture that balances the soil to grow pest and disease resistant crops with low chemical use. It maintains soil fertility and reduces soil erosion with less damage to the environment. In addition, it focuses on crop protection and quality improvement. In this model, materials and resources are recycled as much as possible within the company.
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The function of bio-agriculture includes:
• Crop protection
• Crop improvement
The market, based on product type, can be divided into:
• Natural products
By Application, the market can be split by Application:
• Foliar spray
• Seed treatment
• Soil treatment
Based on crop type, the market can be segmented into:
• Cereals and grains
• Oilseeds and pulses
• Fruits and vegetables
The regional markets of the global Bio-agriculture market can be separated into:
• North America
o United States of America
o United Kingdom
• Asia Pacific
• Latin America
• Middle East and Africa
o Saudi Arabia
o South Africa
Advances in bio-agriculture are also expected to drive the market by increasing profitability for farmers. The industry is adopting various technological reforms to stimulate and support the system, such as increasing the use of organic fertilizers. With the rising trend of organic food and awareness of climate change, the market will witness substantial growth. Apart from this, government enforcement of the ban on the use of pesticides will also drive the growth of the market. Other macroeconomic factors driving the growth of the market include rapid urbanization and increasing disposable income of the middle class population.
Main market players
Major market players include Marrone Bio Innovations, Certis USA LLC, National Fertilizers Ltd., Novozymes A/S, Mapleton Agri Biotec Pt Ltd., among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
Note 2: As the novel coronavirus (COVID-19) continues to spread across the globe, our analysts are continuously monitoring the impact of this rapidly evolving situation on markets and consumer buying behaviors. Thus, our latest estimates and analysis on current market trends and forecasts will comprehensively reflect the effects of this emerging pandemic.
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