Surge in AgroScience Market Size – A Glimpse into Rising Market Trends, Drivers and Forecast Growth Rates
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Keywords: agroscience market research, agroscience market share, agroscience market size, agroscience market outlook, agroscience industry insights, agroscience market drivers
What Does The AgroScience Market Size Analysis Unveil About Its Growth?
The agroscience market size has seen strong growth in recent years. It is expected to leap from $242.52 billion in 2024 to $256.72 billion in 2025, at a compound annual growth rate (CAGR) of 5.9%, driven by factors such as population growth, climate change, environmental concerns, and increased globalization and trade.
The market is predicted to witness robust growth in the coming years, reaching $329.55 billion in 2029 at a CAGR of 6.4%. Factors such as consumer health and wellness trends, food security concerns, disease and pest pressure, and demographic shifts are expected to drive this growth. Key trends in the forecast period include investment and funding, digital agriculture and precision farming, advancements in biotechnology, controlled environment agriculture, smart machinery and robotics, and use of AI and machine learning in agriculture.
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What Are The Major Drivers Of The AgroScience Market?
The growing adoption of sustainable agriculture is significantly propelling the agroscience market. Agricultural communities worldwide are increasingly adopting sustainable practices to restore critical habitats, protect watersheds, and enhance soil health and water quality. For example, in the UK, 133 thousand hectares of agricultural land were used for bioenergy crops in 2023, contributing to the road transport market’s biofuel production. Approximately 153 million liters of biofuel were produced from UK-grown crops, and 6.7 million metric tons of plant biomass were used to generate electricity and heat in 2022. These trends point towards the growing adoption of sustainable agriculture, which in turn is driving the growth of the agroscience market.
What Major Segments Are Covered In The Global AgroScience Market Report?
The agroscience market report focuses on key segments including:
1) By Product: Biopesticides, Biostimulants, GM Seeds
2) By Active Ingredient: Acid-based biostimulants, Extract-based biostimulants
3) By Application: Crops, Food And Vegetable
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Who Are The Major Players In The AgroScience Market?
Leading players operating in the global agroscience market include Agrinos Inc., Nutrien Inc., Arysta LifeScience Corporation (United Phosphorus Ltd.), BASF SE, Corteva Agriscience Inc., Novozymes A/S, BioWorks Inc., Dow AgroSciences LLC, E. I. du Pont de Nemours and Company, Biostadt India Limited, Koppert Biological Systems B. V., among others.
What Key Trends Are Shaping The Future Of The AgroScience Market?
Strategic partnerships and collaborations are emerging as a key trend within the agroscience market. Market players are expanding their research and development activities through strategic collaborations and partnerships with relevant players in the sector. For instance, BASF SE announced a collaboration with Corteva Agriscience, with an aim to develop innovative soybean weed control solutions by cross-licensing soybean traits and complementary herbicides. This collaboration aims to offer farmers more flexible and effective weed management options and capture a share of the global soybean seeds and herbicide markets.
Which Region Dominates The AgroScience Market?
In 2024, North America was the largest region in the agroscience market. The regions covered in the agroscience market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The AgroScience Market Report 2025 Offer?
The AgroScience Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Agroscience applies to areas including production and processing of food and fiber, encompassing agronomy, soil science, horticulture, and study of scientific crop production systems.
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