Global Agroscience Market 2015-2019
The world population is growing at an alarming rate. It is estimated that by 2050, the global population will grow more than 9 billion. This is likely to reduce the arable land as increasing number of people will be living in cities. With rising population, the demand for food will also increase. In addition, the demand for animal feed and biofuel will boost agricultural production. Soil erosion and land pollution are also responsible for the reduction in the size of arable land per person. This puts pressure on farmers to improve their crop yield with limited agricultural land, thereby increasing the demand for agrochemicals that help enhance crop yield and quality. Pesticides help in controlling pests that feed on crops and soil nutrients meant for crops.
Technavio's analysts forecast the global agroscience market to grow at a CAGR of 12.25% over the period 2014-2019.
Covered in this report
In this report, Technavio covers the present scenario and growth prospects of the global agroscience market 2015-2019. To calculate the market size, the report considers revenue generated from the sales of the following products:
Technavio Announces the Publication of its Research Report – Global Agroscience Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Agroscience Market: Bioworks, Agrinos, Dow AgroSciences, Monsanto, Stoller USA and Syngenta
Other Prominent Vendors in the market are: Agrium, ADAMA, Arysta LifeScience, BASF, Bayer CropScience, Biostadt, DuPont, FMC, Koppert, Novozymes, Nufarm, Sumitomo Chemical, Valagro, and Valent BioSciences.
Commenting on the report, an analyst from Technavio’s team said: “In addition to pesticides, a number of leading vendors offer GM seeds. The land under GM crops is the highest in the US (40.28%), followed by Brazil and Argentina with shares of 23.25% and 13.39%, respectively. India also has a significant share of land under GM crops. Crop protection chemicals such as herbicides are used extensively to aid the growth of GM crops. The land under GM crops is forecast to reach 275.3 million ha in 2019 from 181.5 million ha in 2014, growing at a CAGR of 8.7% during 2014-2019.”
According to the report, consumers are becoming more eco-conscious and the increasing concern for fuel efficiency has significantly upped the demand for biofuels. Biofuels such as bioethanol, biodiesel, and biogas are known for their contribution to sustainability. Nitrogenous fertilizers are an important input in biofuel production and their use has increased over the years to meet the rising energy needs. Biofuels are sourced from energy crops that include wheat, soybean, corn, rapeseed, and sugarcane. Biodiesel is sourced from crops such as soybean, whereas ethanol needs corn syrup for its preparation.
Further, the report states that protecting the microorganisms from fungicides poses a challenge for the vendors in the global biostimulants market.
Bioworks, Agrinos, Dow AgroSciences, Monsanto, Stoller USA, Syngenta, Agrium, ADAMA, Arysta LifeScience, BASF, Bayer CropScience, Biostadt, DuPont, FMC, Koppert, Novozymes, Nufarm, Sumitomo Chemical, Valagro, Valent BioSciences.