PUBLISHER: Polaris Market Research | PRODUCT CODE: 1651976
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1651976
The global sustainable farming market size is expected to reach USD 34.90 billion by 2034, according to a new study by Polaris Market Research. The report "Sustainable Farming Market Share, Size, Trends, Industry Analysis Report - By Product (Hospitals, Outpatient/Primary Care Facilities, and Home Healthcare), Raw Material Type, End Use and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa); Segment Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The sustainable farming market growth is driven by increasing awareness of environmental issues, the need for efficient resource management, and the rising demand for organic and eco-friendly food products. This market encompasses a range of practices and technologies aimed at enhancing agricultural productivity while minimizing environmental impact. The escalating global population, which necessitates higher food production, and the urgent need to address climate change and resource depletion, propels the demand for sustainable farming practices. Furthermore, technological advancements such as precision agriculture, which uses data and analytics to optimize crop yields and reduce waste, are fueling the market expansion.
Government initiatives and policies play a crucial role in driving the sustainable farming market expansion. Many governments are offering subsidies, grants, and incentives to encourage the adoption of sustainable farming practices. Market platers are also making substantial contributions to the market by launching new programs. For instance, in August 2022, Bayer launched ForGround, a digital platform designed to streamline the transition to sustainable agricultural practices for farms of all sizes. It offers resources, growers tools, and discounts while enabling revenue generation through the Bayer Carbon Program for adopting regenerative methods and linking with businesses focused on carbon goals and sustainability. Major players in the agricultural sector are investing in research and development to advance sustainable farming technologies.
The sustainable farming market demand is propelled by increasing consumer preference for sustainably produced food and growing interest in environmental stewardship. Opportunities abound in expanding sustainable practices to new regions and crops, leveraging emerging technologies, and collaborating across industries to drive innovation and adoption. As sustainable farming continues to evolve, it promises to address critical challenges in agriculture and contribute to long-term food security and environmental sustainability.
By type, in 2024, the organic farming segment accounted for the largest share of the sustainable farming market revenue due to growing consumer demand for chemical-free, eco-friendly products and increasing adoption of organic practices.
The food production segment, by application, is expected to register the highest CAGR during the forecast period due to rising global food demand and advancements in sustainable farming technologies.
In 2024, North America accounted for the largest market share in the sustainable farming market due to advanced agricultural technology adoption and strong government incentives.
Asia Pacific is expected to record the highest CAGR during the forecast period due to rapid population growth, increasing demand for sustainable agricultural practices, and substantial investments in advanced farming technologies.
AeroFarms, BASF SE, Bayer AG, Carbon Robotics, Cargill, Corteva Agriscience, Deere & Company, Freight Farms, Syngenta, and Trimble Inc are a few key global market players.
Polaris Market Research has segmented the sustainable farming market report on the basis of type, application, and region: