A recent report published by Infinium Global Research on agroscience market provides in-depth analysis of segments and sub-segments in global as well as regional agroscience market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional agroscience market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global agroscience market. According to the report the global agroscience market is projected to grow at a CAGR of 11.3% over the forecast period of 2018-2024.
The specializations’ research carried on the field of biology that includes the parts of exact, natural, economic and social sciences that are used in the training and understanding of agriculture. Agricultural sciences are also termed as agroscience. Veterinary science is a part of argoscience. The research and development carried on Plant Breeding and Genetics, Entomology, Soil Science, Horticulture, Plant Pathology, and Production techniques to improve agricultural productivity in terms of quantity and quality. The prevention and protection technique are used to minimize the effects of pests on crops and or animal production systems. Agroscience also offers the transformation of primary product to final product such as production, preservation, and packaging of a product that is consumed by end-user.
The report defines agroscience market as the product type such as biopesticides, biostimulants and genetically modified (GM) seeds that are used to protect the crop and to get maximum yield.
The demand for food, animal feed, and biofuel is increased due to the growing population. With the small size of agriculture land, farmers are expected to increase the yield of the land, thus need for agroscience products has increased which helps in enhancing the yield and quality of crops. Additionally, changing customer dietary habits, which demand healthy and good quality fruits and vegetables are likely to propel the need for agroscience to boost the growth in the coming yeras. The GM seeds segment accounted for the largest market shares, in 2017. The growing population has driven the market for GM seeds worldwide. Furthermore, innovation in the agricultural field will bring new opportunities to the market.
North America is expected to be the largest market for agroscience due to variation in the climatic condition that allows a wide variety of crops production thus leaving a positive impact on the industry growth over the forecast period. The US dominates in this region. The technology advancement and acid-based biostimulants are driving the growth of the market in this region. Moreover, Asia-Pacific is the fastest growing region due to the innovation of energy-efficient agricultural technologies in developing countries such as China and India are likely to upsurge the growth in this region.
Agreements, Partnership, and Collaborations between key players in the market is the key strategy to drive the growth of the market during the forecast period. For instance, May 2018, Corteva Agriscience, Agriculture Division of DowDuPont, and Monsanto Company reach licensing agreement on next-generation corn insect control. TeselaGen Biotechnology Inc., and Dow AgroSciences, LLC, a subsidiary of The Dow Chemical Company, has announced collaboration to produce a state-of-the-art biological design automation platform that can speed discovery work, in 2017.
The report on global agroscience market covers segments such as product. On the basis of product, the global agroscience market is categorized into biopesticides, biostimulants and GM seeds.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global agroscience market such as Agrium, Agrinos, Arysta LifeScience, BioWorks, Bayer CropScience, Dow AgroSciences, DuPont, Novozymes, Monsanto, and Syngenta.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global agroscience market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of agroscience market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the agroscience market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the agroscience market to understand the present and future trends in this market and formulate their strategies accordingly.
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