Canada Cover Crops Market to be Dominated by Soil Fertility Management Segment through 2028
Increasing demand for organic
foods, soil fertility management, sustainable farming practices, and
technological advancements are driving Canada cover crops market in the
forecast period, 2024-2028.
According to TechSci Research
report, “Canada Cover Crops Market- By Region, Competition, Forecast
and Opportunities, 2028”, Canada cover crops market size is
anticipated to increase at a substantial rate in the forecast period. The
growing awareness related to the benefits of cover crop cultivation is driving
the demand in the Canada cover crops market. With government support, cost
savings, and environmental benefits, cover crops are becoming an increasingly
popular choice for Canadian farmers. The “Growing Forward 2 Program”,
is an initiative run by the federal, provincial, and territorial governments,
to work together for building the efficiency, profitability, and
competitiveness of products or resources in the agricultural industry that
provides funding for cover crop research and adoption. Cover crops are
an essential part of organic farming, and as consumers become more aware of the
benefits of organic food, the demand for crops grown using sustainable
practices is expected to continue to rise. With the support of government
policies and funding, the use of cover crops in Canada's agricultural sector is
likely to increase, leading to a more sustainable and resilient farming system.
The Canadian cover crop
market faces several challenges that can hinder its growth potential such as a
lack of technical knowledge of agricultural practices, high cost of
implementation, change in climate patterns, and lack of equipment. The cost of
implementing cover crops can be high, especially for small-scale farmers. The
cost of purchasing cover crop seeds, planting and managing them, and the time
it takes for them to establish, can be a significant financial burden on many
farmers. This can discourage some farmers from adopting cover crop practices,
even though they may be aware of the benefits. Additionally, climate change can
have a significant impact on the growth of cover crops. Changes in temperature
and rainfall patterns can affect the growth and success of cover crops, making
it difficult for farmers to rely on them as a reliable soil fertility
management tool. Hence, such factors are creating a significant impact on the
market and impending Canada cover crops market growth in the forecasted
period.
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Canada cover crops market is
segmented based on type, application, and region.
Based on the type, the market is
categorized into legumes, grasses, broadleaf non-legumes, and others. The
legumes segment is expected to hold the largest market share in the forecast
period due to its benefits for soil health and crop rotation. Legumes can fix
nitrogen from the air and reduce the need for synthetic fertilizers. They also
improve soil structure, water infiltration, and weed suppression. Legumes are
widely used as cover crops in Canada, especially in corn-soybean systems.
Based on the application, the
market is grouped into soil fertility management, preventing soil erosion, weed
management, pest management, and others. The soil fertility management segment
is expected to hold the largest market share in the forecast period. Soil
fertility management helps to improve the quality and quantity of crops by
enhancing the soil health and reducing the use of chemical fertilizers and
pesticides. Cover crops also provide various benefits such as erosion control,
weed suppression, nitrogen fixation, and biodiversity enhancement.
Major companies operating in the
Canada cover crops market are:
- Cover Crops Canada.
- Canadian Organic Seed Company
- General Seed Company
- Covers & Co.
- Speare Seeds Limited
- West Coast Seeds Limited
- John Boy Farms
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“Technological advancements have
played a significant role in the growth of Canada's cover crop market. The use
of precision agriculture technology has helped farmers to analyze soil health
and fertility, leading to more effective cover crop selection and management.
Modern seed breeding techniques have also resulted in the development of new
varieties of cover crops with improved properties such as disease resistance,
drought tolerance, and higher yields. Furthermore, innovations in equipment
such as seed drills and planters have made it easier and more efficient for
farmers to plant cover crops. These technological advancements have not only
increased the adoption of cover crops but also improved their effectiveness, making
them a more attractive option for farmers looking to improve soil health and
productivity of land. As the industry continues to evolve, the adoption of new
technologies will be critical to the success and growth of the Canada cover
crops market”, said Mr. Karan Chechi, Research Director with TechSci Research,
a research-based global management consulting firm.
“Canada Cover Crops
Market, By Type (Legumes, Grasses, Broadleaf Non-Legumes, and Others), By
Application (Soil Fertility Management, Preventing Soil Erosion, Weed
Management, Pest Management, and Others), By Region, Competition, Forecast and
Opportunities, 2028”, has evaluated the future growth
potential of Canada cover crops market 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 Canada cover crops market.
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