Global Agroscience Market 2015-2019

Market analysis of the agroscience market

Technavio’s market research analyst estimates the global agroscience market to witness a steady growth at a rate of around 12% during the forecast period. The increasing population has been driving the demand for food, animal feed and biofuel. Farmers are expected to increase the yield of the land with the limited size of the agricultural land available. This is in turn increasing the demand for agroscience products that will help in enhancing the yield and quality of crops.

The increasing number of collaborations between leading vendors in the market is also expected to drive the market during the forecast period. For instance, Syngenta and DuPont have partnered during 2013, for enhancing their portfolio of crop protection products, particularly fungicides.  Another collaboration in the market was between Dow AgroSciences with Meiji Seika Pharma for the development of fungicides.

Segmentation by product and analysis of the agroscience market

• Genetically modified (GM) seeds
• Biopesticides
• Biostimulants

The GM seeds segment accounted for nearly 86% of the market shares during 2014. The reduction in arable land and a growing population have driven the market for GM seeds globally. The report anticipates this segment to witness the fastest growth at a rate of around 12% during the forecast period.

Segmentation by active ingredient and analysis of biostimulants

• Acid-based biostimulants
• Extract-based biostimulants

The acid based bio-stimulant segment is predicted to lead the biostimulants market during the forecast period. These biostimulants include humic acid, amino acid, fulvic acid, and protein hydrolysates. Humic acid is used to enhance the quality, yield, and development of roots, thereby leading to an increasing demand for this segment.

Geographical segmentation and analysis of the global agroscience market

• APAC
• EMEA
• Latin America
• North America

The research report predicts North America to dominate the global market with a share of around 39% during the forecast period. The US is the market leader in this region. The developments in production enzymes using gene technology and acid-based biostimulants are fueling the growth of the market in this region.

Competitive landscape and key vendors

The agroscience market is dominated by international providers. The report anticipates these vendors to expand their presence worldwide during the forecast period. Moreover, the introduction of energy-efficient agricultural technologies in developing countries is also spurring market growth.

The leading vendors in the market are –

• Bioworks
• Agrinos
• Dow AgroSciences
• Monsanto
• Stoller USA
• Syngenta

Other vendors in the market include Agrium, ADAMA, Arysta LifeScience, BASF, Bayer CropScience, Biostadt, DuPont, FMC, Koppert, Novozymes, Nufarm, Sumitomo Chemical, Valagro, and Valent BioSciences.

Key questions answered in the report include

• What will the market size and the growth rate be in 2019?
• What are the key factors driving the global agroscience market?
• What are the key market trends impacting the growth of agroscience market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the vendors in the agroscience market?
• Trending factors influencing the market shares of the APAC, EMEA, Latin America, and North America?
• What are the key outcomes of the five forces analysis of the agroscience market?

Technavio also offers customization on reports based on specific client requirement.

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