Increasing demand for organic food, rising awareness of natural, and new food safety standards for health are the key driving factors for the market growth.
According to the latest report by www.wiseguyreport.com, global organic farming is accounted for $53.16 million in 2017 and is expected to reach $129.97 million by 2026 growing at a CAGR of 10.4% during the forecast period.
Driving key factors of organic market growth
Increasing demand for organic food, rising awareness of natural, and new food safety standards for health and well-being coupled with consumers to pay for organic farm food are the key driving factors for the market growth. However, high production cost of organic farming is some of the factors hindering the market growth.
What is Organic Farming?
Organic farming is a method that involves growing and nurturing crops with the use of biological materials preventing the use of synthetic based fertilizers and pesticides. Also, the use of genetically modified organisms is not permitted. Organic farming systems have a great potential to provide the world with healthy, high-quality food.
Weed Management
Based on the method, Weed management has considerable demand during the forecast period. Organic weed management promotes weed suppression, rather than weed elimination, by enhancing crop competition and phytotoxic effects on weeds. Organic farmers integrate cultural, biological, mechanical, physical and chemical tactics to manage weeds without synthetic herbicides. By geography, Asia Pacific is expected to have a good demand during the forecast period, owing to increasing government initiative in promoting organic farming by providing subsidies on organic fertilizers.
Major players in Organic Farming:
Some of the key players profiled in the organic farming include AkzoNobel N.V., Amalgamated Plantations Pvt Ltd, BASF SE, Bayer AG, Camson Biotechnology Limited, Dow Chemical Company, Indian Organic Farmers Producer Company (IOFPC), Nalco Holding Company, Organic Farmers Co, Picks Organic Farm, Solvay SA and ZUWA Organic Farms Pvt Ltd.
Types Covered:
- Pure Organic Farming
- Integrated Organic Farming
Methods Covered:
- Composting
- Crop Rotation
- Cutting
- Mulching
- Polyculture
- Soil Management
- Weed Management
