Agroscience Market Scope
Agricultural sciences are also known as agroscience. Agroscience also present the transformation of primary product to final products such as preservation, production and packaging of a product which various end users consume. The agroscience market is likely to gain growth, due to the rapidly changing customer dietary habits, which demand healthy and good quality fruits and vegetables. Also with the small size of agriculture land, farmers are likely to increase the yield of the land, therefore the need for agroscience products has increased which helps in enhancing the yield and quality of crops and is expected to drive the market for agroscience over the forecast period of 2021 to 2028. Also the growing demand for animal feed, food and biofuel is increased due to the increasing population which is highly flourishing the growth of the market. Moreover factors such as various innovations, such as the growth of acid and extract based biostimulants to enhance crop quality and encourage the development of roots as well as the implementation of favorable government policies along with extensive research and development (R&D) activities are the key determinants fueling the growth of the target market. However, the dearth of awareness is expected to curb the growth of the agroscience market in the above mentioned forecast period. Likewise, the rapid innovation of energy-efficient agricultural technologies and technology advancement and acid-based bio stimulants are also projected to thrust the use of agroscience in the forecast period. The significant growth in the agriculture industry, along with the rising adoption of sustainable agricultural practices across the world, is one of the key factors creating a positive impact on the market.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Key Companies Profiled | Corteva Agriscience(United States), Novozymes A/S (Denmark), Sumitomo Chemical Co., Ltd. (Japan), Syngenta (Switzerland), Agrinos (United States), Nutrien Ltd. (Canada), UPL Ltd. (India), BASF SE – (Ludwigshafen, Germany), Bayer AG – (Leverkusen, Germany), SRT Agro Science Pvt. Ltd. (India), GNP AGROSCIENCES PVT. LTD. (India) and BioWorks Inc.(United States) |
CAGR | % |
The Agroscience market is characterized with the presence of both large and small players. To sustain the competition, vendors must differentiate their offerings through a clear and unique value proposition. Some vendors are focusing on partnering with other players or acquiring a regional brand to increase their share of the market. Research Analyst at AMA estimates that Global Vendors will contribute to the maximum growth of Global Agroscience market throughout the predicted period.
Corteva Agriscience(United States), Novozymes A/S (Denmark), Sumitomo Chemical Co., Ltd. (Japan), Syngenta (Switzerland), Agrinos (United States), Nutrien Ltd. (Canada), UPL Ltd. (India), BASF SE – (Ludwigshafen, Germany), Bayer AG – (Leverkusen, Germany), SRT Agro Science Pvt. Ltd. (India), GNP AGROSCIENCES PVT. LTD. (India) and BioWorks Inc.(United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Himalaya Agro Science (India), Green Earth Agro Science (India), Sigma Agriscience, LLC (United States), TeselaGen Biotechnology Inc. (United States) and Dow Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Agroscience market by Type and Region with country level break-up.
On the basis of geography, the market of Agroscience has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2024.
Market Leaders and their expansionary development strategies
In June 2024, Syngenta introduced Mainspring Xtra, a dual-mode insecticide designed for use in greenhouses, nurseries, and ornamental landscapes. It combines thiamethoxam and cyantraniliprole to provide rapid knockdown and extended residual control of pests such as whiteflies, leafminers, thrips, and aphids.
In Janaury 2025, Corteva announced the launch of two preemergence soybean herbicides, Kyber Pro and Sonic Boom. Kyber Pro combines metribuzin, flumioxazin, and pyroxasulfone to control over 50 broadleaf and grass weeds, including resistant species like Palmer amaranth and waterhemp. Sonic Boom offers a mix of metribuzin and sulfentrazone, targeting tough broadleaf weeds with extended residual activity.
Influencing Trend:
Rise of Bio-based Agrochemicals
Market Growth Drivers:
Growing Global Food Demand & Population Growth and Rising demand for organic farming, biopesticides
Challenges:
Limited Adoption of Agri-Tech by Small Farmers
Restraints:
High R&D Costs & Long Development Cycles
Opportunities:
Adoption of Blockchain in Agri-Supply Chains and Growing Demand for Alternative Proteins
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others