Agroscience Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global agroscience market size reached US$ 36.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 56.4 Billion by 2028, exhibiting a growth rate (CAGR) of 7.5% during 2023-2028.
Agroscience refers to the multidisciplinary field of biology that studies various agricultural practices. It involves the study of scientific methods of crop production, agronomy, soil science, horticulture, plant pathology, entomology, plant breeding, molecular biotechnology and environmental science. Agroscience is primarily focused on developing agricultural techniques to improve the quality and quantity, along with the production, preservation and packaging of the agriculture produce. It also involves the development of various products, such as biopesticides, biostimulants and genetically modified (GM) seeds, which are commonly used to ensure maximum yield.
Agroscience Industry Trends:
Significant growth in the agriculture industry, along with the increasing adoption of sustainable agricultural practices across the globe, is one of the key factors creating a positive impact on the market. Furthermore, the rapidly increasing global population that is resulting in the rising demand for food products is also providing a boost to the market growth. Apart from this, agricultural scientists are emphasizing on developing solutions to improve the quality of animal feed and biofuels. Additionally, various innovations, such as the development of acid- and extract-based biostimulants to enhance crop quality and promote the development of roots, are acting as other growth-inducing factors. Acid-based biostimulants are manufactured using humic, amino and fulvic acid and protein hydrolysates, while extract-based biostimulants are manufactured using the essence of leaves, roots, and seeds. They are a rich source of growth-enhancing bioactive compounds, phytohormones, amino acid and other nutrients. Other factors, including the implementation of favorable government policies, along with extensive research and development (R&D) activities, are expected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global agroscience market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product.
Breakup by Product:
Genetically Modified (GM) Seeds
By Trait
Herbicide-Tolerant
Insect-Resistant
Others
By Seed Type
Corn
Soybean
Cotton
Canola
Others
Biopesticides
Bioherbicides
Bioinsecticides
Biofungicides
Others
Biostimulants
Acid-based
Humic Acid
Fulvic Acid
Amino Acid
Extract-based
Seaweed Extract
Other Plant Extracts
Others
Microbial Soil Amendments
Chitin & Chitosan
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Agrinos Inc., Nutrien, Arysta LifeScience Corporation (United Phosphorus Ltd.), BASF, Bayer, Corteva Agriscience, Novozymes (Novo A/S), Sumitomo Chemical and Syngenta (ChemChina).
Key Questions Answered in This Report
1. What was the global agroscience market size in 2022?
2. What are the key factors driving the global agroscience market?
3. What has been the impact of COVID-19 on the global agroscience market?
4. What is the breakup of the global agroscience market based on the product?
5. What are the key regions in the global agroscience market?
6. Who are the key players/companies in the global agroscience market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Agroscience Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Product
- 6.1 Genetically Modified (GM) Seeds
- 6.1.1 Market Trends
- 6.1.2 Market Breakup by Trait
- 6.1.2.1 Herbicide-Tolerant
- 6.1.2.2 Insect-Resistant
- 6.1.2.3 Others
- 6.1.3 Market Breakup by Seed Type
- 6.1.3.1 Corn
- 6.1.3.2 Soybean
- 6.1.3.3 Cotton
- 6.1.3.4 Canola
- 6.1.3.5 Others
- 6.1.4 Market Forecast
- 6.2 Biopesticides
- 6.2.1 Market Trends
- 6.2.2 Market Breakup by Type
- 6.2.2.1 Bioherbicides
- 6.2.2.2 Bioinsecticides
- 6.2.2.3 Biofungicides
- 6.2.2.4 Others
- 6.2.3 Market Forecast
- 6.3 Biostimulants
- 6.3.1 Acid-based
- 6.3.1.1 Market Trends
- 6.3.1.2 Major Types
- 6.3.1.2.1 Humic Acid
- 6.3.1.2.2 Fulvic Acid
- 6.3.1.2.3 Amino Acid
- 6.3.1.3 Market Forecast
- 6.3.2 Extract-based
- 6.3.2.1 Market Trends
- 6.3.2.2 Major Types
- 6.3.2.2.1 Seaweed Extract
- 6.3.2.2.2 Other Plant Extracts
- 6.3.2.3 Market Forecast
- 6.3.3 Others
- 6.3.3.1 Market Trends
- 6.3.3.2 Major Types
- 6.3.3.2.1 Microbial Soil Amendments
- 6.3.3.2.2 Chitin & Chitosan
- 6.3.3.2.3 Others
- 6.3.3.3 Market Forecast
- 7 Market Breakup by Region
- 7.1 North America
- 7.1.1 United States
- 7.1.1.1 Market Trends
- 7.1.1.2 Market Forecast
- 7.1.2 Canada
- 7.1.2.1 Market Trends
- 7.1.2.2 Market Forecast
- 7.2 Asia Pacific
- 7.2.1 China
- 7.2.1.1 Market Trends
- 7.2.1.2 Market Forecast
- 7.2.2 Japan
- 7.2.2.1 Market Trends
- 7.2.2.2 Market Forecast
- 7.2.3 India
- 7.2.3.1 Market Trends
- 7.2.3.2 Market Forecast
- 7.2.4 South Korea
- 7.2.4.1 Market Trends
- 7.2.4.2 Market Forecast
- 7.2.5 Australia
- 7.2.5.1 Market Trends
- 7.2.5.2 Market Forecast
- 7.2.6 Indonesia
- 7.2.6.1 Market Trends
- 7.2.6.2 Market Forecast
- 7.2.7 Others
- 7.2.7.1 Market Trends
- 7.2.7.2 Market Forecast
- 7.3 Europe
- 7.3.1 Germany
- 7.3.1.1 Market Trends
- 7.3.1.2 Market Forecast
- 7.3.2 France
- 7.3.2.1 Market Trends
- 7.3.2.2 Market Forecast
- 7.3.3 United Kingdom
- 7.3.3.1 Market Trends
- 7.3.3.2 Market Forecast
- 7.3.4 Italy
- 7.3.4.1 Market Trends
- 7.3.4.2 Market Forecast
- 7.3.5 Spain
- 7.3.5.1 Market Trends
- 7.3.5.2 Market Forecast
- 7.3.6 Russia
- 7.3.6.1 Market Trends
- 7.3.6.2 Market Forecast
- 7.3.7 Others
- 7.3.7.1 Market Trends
- 7.3.7.2 Market Forecast
- 7.4 Latin America
- 7.4.1 Brazil
- 7.4.1.1 Market Trends
- 7.4.1.2 Market Forecast
- 7.4.2 Mexico
- 7.4.2.1 Market Trends
- 7.4.2.2 Market Forecast
- 7.4.3 Others
- 7.4.3.1 Market Trends
- 7.4.3.2 Market Forecast
- 7.5 Middle East and Africa
- 7.5.1 Market Trends
- 7.5.2 Market Breakup by Country
- 7.5.3 Market Forecast
- 8 SWOT Analysis
- 8.1 Overview
- 8.2 Strengths
- 8.3 Weaknesses
- 8.4 Opportunities
- 8.5 Threats
- 9 Value Chain Analysis
- 10 Porters Five Forces Analysis
- 10.1 Overview
- 10.2 Bargaining Power of Buyers
- 10.3 Bargaining Power of Suppliers
- 10.4 Degree of Competition
- 10.5 Threat of New Entrants
- 10.6 Threat of Substitutes
- 11 Price Analysis
- 12 Competitive Landscape
- 12.1 Market Structure
- 12.2 Key Players
- 12.3 Profiles of Key Players
- 12.3.1 Agrinos, Inc.
- 12.3.1.1 Company Overview
- 12.3.1.2 Product Portfolio
- 12.3.2 Arysta LifeScience Corporation (United Phosphorus Ltd.)
- 12.3.2.1 Company Overview
- 12.3.2.2 Product Portfolio
- 12.3.3 BASF
- 12.3.3.1 Company Overview
- 12.3.3.2 Product Portfolio
- 12.3.3.3 Financials
- 12.3.3.4 SWOT Analysis
- 12.3.4 Bayer
- 12.3.4.1 Company Overview
- 12.3.4.2 Product Portfolio
- 12.3.4.3 Financials
- 12.3.4.4 SWOT Analysis
- 12.3.5 Corteva Agriscience
- 12.3.5.1 Company Overview
- 12.3.5.2 Product Portfolio
- 12.3.6 Novozymes (Novo A/S)
- 12.3.6.1 Company Overview
- 12.3.6.2 Product Portfolio
- 12.3.6.3 Financials
- 12.3.6.4 SWOT Analysis
- 12.3.7 Nutrien
- 12.3.7.1 Company Overview
- 12.3.7.2 Product Portfolio
- 12.3.8 Sumitomo Chemical
- 12.3.8.1 Company Overview
- 12.3.8.2 Product Portfolio
- 12.3.8.3 SWOT Analysis
- 12.3.9 Syngenta (ChemChina)
- 12.3.9.1 Company Overview
- 12.3.9.2 Product Portfolio
- 12.3.9.3 SWOT Analysis
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