Organic Farming Market to Grow at a CAGR of 8.04% During the Forecast Period
Increasing demand for certified organic products and health
concern are driving the growth in global organic farming market in the forecast
period, 2023-2027.
According to TechSci Research report, “Organic
Farming Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2017-2027”, the global organic farming market stood at USD119.23 million in 2021
and is expected to grow at a CAGR of 8.04% during the forecast period on
account of the growing demand for certified organic products worldwide. The
growing demand for various product type such as Cereals & Grains, Oilseeds
& Pulses, Fruits & Vegetables, and others are expected to support the
market growth through 2027.
Besides, the COVID-19
pandemic has contributed to increased demand for organic products as consumers
prefer healthy food products, which help build immunity. This, in turn, fueled
the market growth of organic farming in 2020. Moreover, the entry of a large
number of food industries and retailers into the organic agriculture sector is
further expected to drive market growth through 2027.
Also, increasing
government funding in the sector of agriculture and preferential trade
agreements across the globe are expected to foster market growth during the
forecast period. Potential scientific innovation in the sector of Organic
Farming to enhance the growth yield is also one of the reasons to boost up the
market of global organic farming. Additionally, various public sector and
private sector investments in organic agriculture research are helping to
enhance the growth of the organic farming market.
However, pest
infestations, agricultural epidemics that divert resources from organic
agriculture, pressure of the agrochemical industry on farmers, lack of farmer
training facilities are further expected to restrict and slow down the market
growth. Furthermore, lack of awareness among the farmer population, especially
in the developing and under-developed countries, is expected to hamper the
market growth during the forecast period.
Browse over 195
market data Figures spread through 110 Pages and an in-depth TOC on "Global
Organic Farming Market"
The global organic
farming market is segmented based on type, method, source, ownership, crop
type, company, and regional distribution.
In terms of type, the
market can be split into Pure Organic Farming and Integrated Organic Farming.
Pure organic farming dominates the market in 2021 due to the growing demand for
pure organic products globally, and it requires natural technique to grow crops
which does not have any effect on health.
In terms of method, the
market can be categorized into the market can be divided into Crop Rotation,
Polyculture, Mulching, Cutting, Composting, Weed Management, Soil Management,
and Others. Crop rotation dominates the market in 2021 with a share of 22.83%
as crop rotation is mainly used by farmers all over the globe. Based on source,
the market is split into plant based and animal based.
Based on ownership, the
market is fragmented into Inhouse Farming and Contract Farming. Based on crop
type, the market can be fragmented into Cereals & Grains, Oilseeds &
Pulses, Fruits & Vegetables, Others.
Key market players
in the Organic Farming market include:
- Bayer AG
- IFOAM Organics International
- BASF SE
- Dow Chemical Company
- Solvay SA
- ZUWA Organic Farms Pvt Ltd
- Camson Bio Technologies Limited
- The Indian Organic Farmers Producer Company Limited (IOFPCL)
- Organic Farmers Co.
- Picks Organic Farm
- Italpollina SPA
- BioStar Organics
- Terramera Plant Health
- MycoSolutions AG
Global organic farming market includes a lot of well-established
players having a presence in several countries along with several domestic
players holding prominent positions in certain regions and countries, among
others. Bayer AG holds the highest market share and is among the top five
market players globally. IFOAM organics international ranks second in terms of
market share in the overall organic farming market. The company has a strong
presence worldwide and a huge brand value.
Additionally, other prominent players such as BASF SE, Dow
Chemical Company, Solvay SA, Picks Organic Farm, ZUWA Organic Farms Pvt Ltd,
among others, hold a significant position in the global organic farming market.
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“The Asia Pacific region will register the fastest CAGR during
the forecast period. This can be attributed to the large and growing demand for
organic products in the region, especially in countries like China, India, and
Japan. Additionally, supportive government policies and agriculture schemes
launched across different countries in the region are expected to support
market growth. For instance, the Cultivable land area in India under organic
farming has more than doubled from 11.83 lakh hectares in 2014 to 29.17 lakh
hectares in 2020. Also, as per international resource data from the Research
Institute of Organic Agriculture (FiBL) and the International Federation of
Organic Agriculture Movements (IFOAM) Statistics 2020, India holds 9th position
in terms of certified agricultural land with 1.94 million hectares.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based Global
management consulting firm.
“Organic Farming Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Type (Pure Organic Farming v/s Integrated Organic
Farming), By Method
(Crop Rotation, Polyculture, Mulching, Cutting, Composting, Weed Management,
Soil Management, Others), By Source (Plant
Based, Animal Based), By Ownership
(Inhouse Farming and Contract Farming), By Crop Type (Cereals & Grains, Oilseeds &
Pulses & Fruits & Vegetables, Others), By Region”,
has evaluated the future growth potential of global organic farming and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global organic farming market.
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