Agroscience Market Share, Size, Growth, Opportunity and Forecast 2020-2025

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Agroscience Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Market Overview:

The global agroscience market grew at a CAGR of around 12% during 2014-2019. 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.

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. Looking forward, IMARC Group expects the global agroscience market to continue its moderate growth during the next five years.

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 for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region and 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, Dow AgroSciences, DuPont, Novozymes (Novo A/S), Sumitomo Chemical and Syngenta (ChemChina).

Key Questions Answered in This Report:

How has the global agroscience market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global agroscience market?
What are the key regional markets?
What is the breakup of the market based on the product?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global agroscience market and who are the key players?
What is the degree of competition in the industry?