A recent report published by
Infinium Global Research on agroscience market provides an 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 the 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 products
such as production, preservation, and packaging of a product that is consumed
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 the 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 years. 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 crop 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, in 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 the 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 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 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, the 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.