DUBLIN--(BUSINESS WIRE)--The "Agroscience Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.
The report predicts the global agroscience market to grow with a CAGR of 11.3% over the forecast period of 2018-2024.
The report on global agroscience market provides qualitative and quantitative analysis for the period of 2016 to 2024.
The specializations' research carried on the field of biology that includes the parts of exact, natural, economic and social sciences that are used in the training and understanding of agriculture. Agricultural sciences is also termed as agroscience. Veterinary science is a part of agroscience.
The research and development carried on Plant Breeding and Genetics, Entomology, Soil Science, Horticulture, Plant Pathology, and Production techniques to improve agricultural productivity in terms of quantity and quality. The prevention and protection technique are used to minimize the effects of pests on crops and or animal production systems. Agroscience also offers the transformation of primary product to final product such as production, preservation, and packaging of a product that is consumed by end-user.
The report defines agroscience market as the product type such as biopesticides, biostimulants and genetically modified (GM) seeds that are used to protect the crop and to get maximum yield.
The demand for food, animal feed and biofuel is increased due to growing population. With the small size of agriculture land, farmers are expected to increase the yield of the land, thus need for agroscience products has increased which helps in enhancing the yield and quality of crops.
Additionally, changing customer dietary habits, which demand healthy and good quality fruits and vegetables are likely to propel need of agroscience to boost the growth in the coming years. The GM seeds segment accounted for largest market shares, in 2017. The growing population have driven the market for GM seeds worldwide. Furthermore, innovation in the agricultural field will bring the new opportunities to the market.
North America is expected to be the largest market for agroscience due to variation in the climatic condition that allows wide variety of crops production thus leaving a positive impact on the industry growth over the forecast period. The US dominate in this region. The technology advancement and acid-based bio stimulants are driving the growth of the market in this region.
Moreover, Asia-Pacific is the fastest-growing region due to innovation of energy-efficient agricultural technologies in developing countries such as China and India are likely to upsurge the growth in this region.
Agreements, Partnership and Collaborations between key players in the market is the key strategy to drive the growth of the market during the forecast period. For instance, May 2018, Corteva Agriscience, Agriculture Division of DowDuPont, and Monsanto Company reach licensing agreement on next-generation corn insect control. TeselaGen Biotechnology Inc., and Dow AgroSciences, LLC, a subsidiary of The Dow Chemical Company, has announced collaboration to produce a state-of-the-art biological design automation platform that can speed discovery work, in 2017.
The global agroscience market is segmented on the basis of product.
Global Agroscience Market by Product
- GM Seeds
- Arysta LifeScience
- Bayer CropScience
- Dow AgroSciences
For more information about this report visit https://www.researchandmarkets.com/research/m84cn6/agroscience?w=4