Agroscience Market by Product and Geography - Forecast and Analysis 2022-2026

Published: Sep 2022

Pages: 135

SKU: IRTNTR74444

Snapshot

The agroscience market share is expected to increase by USD 24.02 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 11.75%.

This agroscience market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the agroscience market segmentation by product (genetically modified (GM) seeds, biopesticides, and biostimulants) and geography (North America, APAC, Europe, South America, and the Middle East and Africa). The agroscience market report also offers information on several market vendors, including BASF SE, ADAMA Ltd., AgBiTech Pty Ltd., Agrinos AS, Andermatt Group AG, Arysta LifeScience Corp., Bayer AG, Biostadt India Ltd., BioWorks Inc., Corteva Inc., FMC Corp., Koppert Biological Systems, Novozymes AS, Nufarm Ltd., Nutrien Ltd., Stoller Group, Sumitomo Chemical Co. Ltd., Syngenta Crop Protection AG, VALAGRO Spa, and Valent BioSciences LLC among others.

What will the Agroscience Market Size be During the Forecast Period?

Download Report Sample to Unlock the Agroscience Market Size for the Forecast Period and Other Important Statistics

Agroscience Market: Key Drivers, Trends, and Challenges

The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the agroscience market.

Key Agroscience Market Driver

The shrinking availability of arable land is one of the key drivers supporting the agroscience market growth. Developing countries have witnessed a surge in demand for agroscience followed by rising concerns over the declining availability and size of arable land. Furthermore, the food preferences of people in APAC, especially in countries such as China and India, have shifted from a grain-based diet to a protein-rich diet. The proper use of agroscience can help produce high-quality grains with a minimal loss in yield. Thus, the shrinking availability of arable land will drive the demand for agroscience to increase agricultural production, as well as to improve the quality of agricultural products. Such factors will propel the growth of the market during the forecast period.

Key Agroscience Market Trend

Technological improvements leading to efficient methods of agriculture are one of the key agroscience market trends contributing to the market growth. Scientists involved in agroscience-related R&D have developed new breeding techniques to improve the quality of crop yields. For instance, in June 2021, a company named Simplot developed a new potato variant, Simplot Innate Potato Event Gen2-Z6, which has no foreign DNA and uses RNA to reduce the enzyme level of polyphenol oxidase. This variant of potato, with reduced bruising and browning, has been approved by the US Department of Agriculture and the US Food and Drug Administration. Moreover, genetic modifications improve crop yield by increasing fertilizer absorption capacity. Therefore, new technological advancements will drive the growth of the agroscience market during the forecast period.

Key Agroscience Market Challenge

Challenges associated with plant breeding are one of the factors hampering the agroscience market's growth. Primarily, Europe's agro scientists have been effectively blocked from scientific advancements by the innumerable compliance requirements related to GMO rules relative to the value of commodity crops, which places them at a competitive disadvantage in comparison to regions with more favorable regulations. Thus, such regulations and challenges associated with plant breeding are expected to hamper the growth of the market during the forecast period.

This agroscience market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global agroscience market as a part of the global agricultural and farm machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the agroscience market during the forecast period.

Who are the Major Agroscience Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

This statistical study of the agroscience market encompasses successful business strategies deployed by the key vendors. The agroscience market is fragmented, and the vendors are deploying growth strategies such as product launches and development, expansions, partnerships, contracts, and acquisitions to compete in the market.

Product Insights and News

agrinos.com - The company offers agroscience-related products such as Invigorate and Agrinos.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this report provides a detailed analysis of several leading Companies.

Agroscience Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the agroscience market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

Which are the Key Regions for Agroscience Market?

For more insights on the market share of various regions Request PDF Sample now!

35% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the agroscience market in North America. Market growth in this region will be slower than the growth of the market in APAC.

The developments in production enzymes using gene technology and acid-based biostimulants will facilitate the agroscience market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 disrupted the regional market growth. However, the large-scale vaccination drives and easing of lockdown restrictions led to the resumption of supply chain operations for agroscience products. This, in turn, will boost the growth of the regional market during the forecast period.

What are the Revenue-generating Product Segments in the Agroscience Market?

To gain further insights on the market contribution of various segments Request a PDF Sample

The agroscience market share growth by the genetically modified (GM) seeds segment will be significant during the forecast period. The cost involved in managing and controlling weeds, insects, and pests has been greatly reduced because of the adoption of GM crops. Moreover, growing GM crops also helps to lower the need to spray dangerous synthetic chemicals and their detrimental effects on the environment. Thus, all these factors will contribute to the growth of the GM seeds segment, which will fuel the growth of the market in focus during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the agroscience market size and actionable market insights on the post-COVID-19 impact on each segment.

Agroscience Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 11.75%
Market growth 2022-2026	$24.02 billion
Market structure	Fragmented
YoY growth (%)	10.67
Regional analysis	North America, APAC, Europe, South America, and the Middle East and Africa
Performing market contribution	North America at 35%
Key consumer countries	US, Canada, China, India, and Brazil
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	BASF SE, ADAMA Ltd., AgBiTech Pty Ltd., Agrinos AS, Andermatt Group AG, Arysta LifeScience Corp., Bayer AG, Biostadt India Ltd., BioWorks Inc., Corteva Inc., FMC Corp., Koppert Biological Systems, Novozymes AS, Nufarm Ltd., Nutrien Ltd., Stoller Group, Sumitomo Chemical Co. Ltd., Syngenta Crop Protection AG, VALAGRO Spa, and Valent BioSciences LLC
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Agroscience Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive agroscience market growth during the next five years
Precise estimation of the agroscience market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the agroscience industry across North America, APAC, Europe, South America, and the Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of agroscience market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

5.1 Market segments
- Exhibit 24: Chart on Product - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product - Market share 2021-2026 (%)

5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product

5.3 Genetically modified (GM) seeds - Market size and forecast 2021-2026
- Exhibit 28: Chart on Genetically modified (GM) seeds - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Genetically modified (GM) seeds - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Genetically modified (GM) seeds - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Genetically modified (GM) seeds - Year-over-year growth 2021-2026 (%)

5.4 Biopesticides - Market size and forecast 2021-2026
- Exhibit 32: Chart on Biopesticides - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Biopesticides - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Biopesticides - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Biopesticides - Year-over-year growth 2021-2026 (%)

5.5 Biostimulants - Market size and forecast 2021-2026
- Exhibit 36: Chart on Biostimulants - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Biostimulants - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Biostimulants - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Biostimulants - Year-over-year growth 2021-2026 (%)

5.6 Market opportunity by Product
- Exhibit 40: Market opportunity by Product ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison

7.3 North America - Market size and forecast 2021-2026
- Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.4 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.5 Europe - Market size and forecast 2021-2026
- Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026
- Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026
- Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 China - Market size and forecast 2021-2026
- Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)

7.10 Brazil - Market size and forecast 2021-2026
- Exhibit 74: Chart on Brazil - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Brazil - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Brazil - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Brazil - Year-over-year growth 2021-2026 (%)

7.11 India - Market size and forecast 2021-2026
- Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)

7.12 Canada - Market size and forecast 2021-2026
- Exhibit 82: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Canada - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption

9.4 Industry risks
- Exhibit 90: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 91: Vendors covered

10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification

10.3 BASF SE
- Exhibit 93: BASF SE - Overview
- Exhibit 94: BASF SE - Business segments
- Exhibit 95: BASF SE - Key news
- Exhibit 96: BASF SE - Key offerings
- Exhibit 97: BASF SE - Segment focus

10.4 AgBiTech Pty Ltd.
- Exhibit 98: AgBiTech Pty Ltd. - Overview
- Exhibit 99: AgBiTech Pty Ltd. - Key offerings

10.5 Agrinos AS
- Exhibit 100: Agrinos AS - Overview
- Exhibit 101: Agrinos AS - Product / Service
- Exhibit 102: Agrinos AS - Key offerings

10.6 Arysta LifeScience Corp.
- Exhibit 103: Arysta LifeScience Corp. - Overview
- Exhibit 104: Arysta LifeScience Corp. - Product / Service
- Exhibit 105: Arysta LifeScience Corp. - Key offerings

10.7 Bayer AG
- Exhibit 106: Bayer AG - Overview
- Exhibit 107: Bayer AG - Business segments
- Exhibit 108: Bayer AG - Key offerings
- Exhibit 109: Bayer AG - Segment focus

10.8 Biostadt India Ltd.
- Exhibit 110: Biostadt India Ltd. - Overview
- Exhibit 111: Biostadt India Ltd. - Product / Service
- Exhibit 112: Biostadt India Ltd. - Key offerings

10.9 Corteva Inc.
- Exhibit 113: Corteva Inc. - Overview
- Exhibit 114: Corteva Inc. - Business segments
- Exhibit 115: Corteva Inc. - Key news
- Exhibit 116: Corteva Inc. - Key offerings
- Exhibit 117: Corteva Inc. - Segment focus

10.10 FMC Corp.
- Exhibit 118: FMC Corp. - Overview
- Exhibit 119: FMC Corp. - Product / Service
- Exhibit 120: FMC Corp. - Key offerings

10.11 Koppert Biological Systems
- Exhibit 121: Koppert Biological Systems - Overview
- Exhibit 122: Koppert Biological Systems - Product / Service
- Exhibit 123: Koppert Biological Systems - Key offerings

10.12 Syngenta Crop Protection AG
- Exhibit 124: Syngenta Crop Protection AG - Overview
- Exhibit 125: Syngenta Crop Protection AG - Business segments
- Exhibit 126: Syngenta Crop Protection AG - Key offerings
- Exhibit 127: Syngenta Crop Protection AG - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 128: Inclusions checklist
- Exhibit 129: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 130: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 131: Research methodology
- Exhibit 132: Validation techniques employed for market sizing
- Exhibit 133: Information sources

11.5 List of abbreviations
- Exhibit 134: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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