Press Release Description

Global Sustainable Agrochemicals Market to Witness a Remarkable CAGR of Around 9.02%

Global Sustainable Agrochemicals Market is projected to grow at a CAGR of about 9.02% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. Sustainable agrochemicals are expected to register solid growth during the forecast period, fueled by a combination of factors including environmental awareness, regulatory support, consumer preferences, and the need for long-term agricultural sustainability. As these factors continue to grow in importance, sustainable agrochemicals are poised to play a central role in the future of agriculture, in turn driving the growth of the Global Sustainable Agrochemicals Market.

The demand for bio-based agrochemicals is also supported by increasing awareness of environmental issues, including soil degradation, water pollution, and habitat destruction caused by conventional agrochemicals. Consumers, farmers, and regulatory bodies are all seeking ways to minimize the negative impact of agriculture on the environment. Thus propelling the consumption of sustainable agrochemicals, which ultimately boosts the overall growth of the market.

Moreover, there is currently an unheard-of surge in demand for organic food due to a significant shift in consumer attitudes and preferences. Food and beverage firms are being encouraged to launch organic food product lines into the market by the growing number of customers who, globally, are selecting organic food as a mainstream option. Given the ongoing rise in demand for items made organically, there is an even greater need for sustainability and green farming methods. A key answer to both these urgent problems and advancing innovation in the agriculture industry toward a more sustainable and ecologically friendly future is the use of bio-based agrochemicals.

The manufacturing of products and the supply chain are essential to the industry's expansion and allure. Despite being at the forefront of dynamic growth prospects, the high cost of manufacturing bio-based agrochemicals offers a tremendous impediment to the industry's expansion and adversely affects market growth, further states the research report, “Global Sustainable Agrochemicals Market Analysis, 2024.”

Global Sustainable Agrochemicals Market

Microbial Segment to Hold a Significant Position in the Market

The microbial segment holds a considerable share in the Global Sustainable Agrochemicals Market owing to its sustainable and eco-friendly nature. Heightened environmental consciousness along with health & food safety issues are driving consumers as well as farmers toward eco-friendly alternatives to reduce the lasting impact of conventional chemicals, which in turn boosts the demand for microbial agrochemicals. Moreover, the regulatory support and incentives provided by governments worldwide for promoting sustainable agricultural practices are providing a strong motivation for the adoption of sustainable agrochemicals, thus accelerating the market’s growth.

Asia-Pacific to Lead the Sustainable Agrochemicals Industry

Geographically, the Asia-Pacific region is anticipated to hold a significant share in the Global Sustainable Agrochemicals Market owing to its strong foothold in the agriculture sector as well as the presence of strong agrochemical marketplaces such as China and India. The growth of organic farming, coupled with the technological advancements in the agriculture sector, is expected to propel the demand for sustainable agrochemicals in the region.

Framers of the region are extensively looking for eco-friendly chemical options owing to the escalating demand for safe and natural food products. Major agrochemical manufacturers have benefited from this shift in trend, thus continuously launching eco-friendly chemical products in the region. For instance, in 2023, Syngenta launched new plant protection solutions for paddy and vegetable farmers in India by the names of Incipio and Simodis.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including Bayer CropScience, Syngenta, BASF SE, Marrone Bio Innovations, Certis USA, Koppert Biological Systems, Novozymes, Valent BioSciences, AgBiome Innovations, NewLeaf Symbiotics, Verdesian Life Sciences, Holganix, Andermatt Group AG, Bioline AgroSciences Ltd., Vestaron Corporation, and others, are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

  1. What are the industry’s overall statistics or estimates (Overview, Size-Based Value, Volume, Forecasted numbers, Segmentation, Share)?
  2. What are the trends that have shaped the industry to its current form?
  3. What key factors would propel and impede the industry across the globe?
  4. How has the industry been evolving in terms of product adoption?
  5. How has the competition been shaped across various regions, followed by comparative factorial indexing?
  6. How have buying behavior, customer inclination, and expectations from product manufacturers evolved during 2019-30?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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