Organic Farming Market Demand, Growth 2021

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Organic Farming Market, By Source, Trend
Analysis, Competitive Market Share 2021-2027
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Industry Trends Forecast Report 2027 A study
recently conducted by the strategic consulting
and market research firm BlueWeave Consulting
revealed that the global organic farming
market accumulated USD 96.1 billion in 2020. The
market is anticipated to reach USD 183.8 billion
by 2027 and isprojected to grow at a CAGR of 9.8
during 2021-2027 (forecast period). The growth of
the global organic farming market is attributable
to increasing adulteration levels in
synthetically produced foods, growing health
concerns, and acceptance rates for organic
products in the global market. Another factor
contributing to the growth of the global organic
farming market is rising investments in farming
schools and farming systems for research
development.
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Growth drivers Growing emphasis on sustainable
developmentWith an increasing focus on
sustainable development and healthy eating, the
demand for organic food is growing day by day.
Organic farming can prevent 500 million pounds of
persistent and harmful pesticides from entering
the environment annually, as reported by the
Organic Trade Association. According to the
British Department for Environment, Food and
Rural Affairs, organic crops and dairy farming
use 35 to 74 less energy than conventional crop
and dairy farming. Additionally, organic farming
reduces nitrogen run-off-induced pollution and
protects the environment. Healthy soil formation
and reduced carbon dioxide emission, coupled with
the abovementioned factors are supporting the
growth of the global organic farming market.
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Restraints High Initial Investment CostIt costs
significantly more to invest in organic farming
than in conventional farming due to the formers
specific requirements. Moreover, organic farming
calls for the use of ecologically friendly
agriculture practices, with farmers using their
own renewable resources or local resources which
may extend the costs of organic farming
further.In the absence of organic fertilizers and
pesticides at home, farmers must buy them from
the market. These products are significantly more
expensive than chemicals. Economically weak
farmers find it difficult to opt for organic
farming due to the high investment costs and high
prices of organic fertilizers and pesticides, and
this is a major barrier on the growth of the
global organic farming market.
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Global Organic Farming Market Regional
Insights The global organic farming market is
segmented into five regions North America,
Europe, the Asia-Pacific, Latin America, and the
Middle East Africa. Among these regions, North
America held the largest share in the global
organic farming market in 2020 owing to the
increased demand for organic products. Organic
food sales increased by 12.8 in the US in 2020,
with organic flour and baked goods growing by
30, organic spices by 51, and organic textiles,
fibers, and household goods growing by 8.5,
according to the Organic Trade Association. Other
factors contributing to the dominance of the
region in the global organic farming market
include the presence of global players, a high
per capita income, and increased health awareness
among the population.
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Competitive landscape Some of the key players
operating in the global organic farming market
include ZUWA Organic Farms Pvt Ltd., Bayer AG,
Organic Farmers Co., AkzoNobel N.V., Dow Chemical
Company, Indian Organic Farmers Producer Company
(IOFPC), BASF SE, Nalco Holding Company, Picks
Organic Farm, Solvay SA, Camson Bio Technologies
Limited, Amalgamated Plantations Pvt Ltd., Bunge
India Pvt Ltd., Mcleod Russel India Ltd., Aero
Farm Systems, Plenty AG, Agrilution Systems GmbH,
and others prominent players. Sample Copy
https//www.blueweaveconsulting.com/report/global
-organic-farming-market/report-sample
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• Recent Developments
• In August 2021, Shenandoah Growers Inc. broke
  grounds on its next indoor Biofarm in Anderson
  County. Founded in 2018, Shenandoah Growers
  specializes in commercially advanced indoor
  agriculture and will be delivering USDA-certified
  organic produce that is affordable as well as
  widely accessible. An announcement by the company
  said that the new farm will create 50 full-time
  jobs with good wages.
• In July 2021,the EU's ministers of agriculture
  from 27 member nations have all agreed that 25
  of the EU's agricultural land area should be
  organic by 2030. The ministers made the
  commitment during the meeting of the EU
  Agriculture and Fisheries Council held in
  Brussels.

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