The Global Organic Farming Market accounted for 170.0 Billion Hectares in 2022, according to Organic Farming Market Report, by Farming Type (Pure Organic Farming and Integrated Organic Food), by Method (Crop Diversity, Soil Management, Weed Management, and Controlling Other Organisms), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa).
The global organic farming market is expected to expand at a growth rate of 10.41% by 2030 and expected to reach at US $ 375.50 Billion during the forecast period (2023-2030). Increasing demand for organic food and organic agricultural practices is driving the growth of the organic farming market. According to the Indian Brand Equity Foundation, in 2021, the Union Budget 2021 focused on the agriculture sector and promotes organic farming in the country. The government’s focus on increasing the purchasing power of the farmers will encourage more farmers to adopt organic farming in the upcoming period. Many agriculture leaders and ministers have expressed optimism towards the rise of an Organic India. Organic farming products generate more outflow as compared to traditional farming methods. States are also taking up the concept of organic farming to the heart. Karnataka will set up its first organic farming university in Shivamogga. Agriculture Minister of Kannada, BC Patil, while announcing the news, stated in 2022 that people are leaning towards organic produce, resulting in increased demand of organic products, and hence, it is high time the state starts prioritizing organic farming. Uttar Pradesh Chief Minister, Yogi Adityanath has also emphasized on the need for organic farming and has announced in 2022 that the state will set up laboratories to certify organic agriculture products at divisional levels in the state. Chairing a high-level meeting of various departments at the Lok Bhavan, Adityanath said that people were giving priority to organic farm products. He has also hinted for setting up of universities in Public-Private Partnership mode in divisions that do not have institutions of higher education.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/organic-farming-market-2450
Key Trends and Analysis of the Organic farming Market:
- Pure organic farming segment held a significant market share in 2022, in the global organic farming market. Pure organic farming involves organic manure and pesticides made only through natural substances such as neem and crop residues. Increasing demand for organic fertilizers is expected to drive growth of the pure organic farming segment in forecast period ( 2023-2030)
Key Takeaways of the Market:
- Europe is expected to show a significant market growth in forecast period and accounted for 28% share of the global organic farming market in 2022, owing to growing organic agricultural land in this region.
- Asia Pacific held the significant market share in 2022 in the global organic farming market, owing to growing presence of organic producers.
- The Rural Development Policy in Europe supports the sustainable development of organic farming and development of rural areas.
- Major players operating in the global organic farming market include Picks Organic Farm, Organic Farmers Co., The Indian Organic Farmers Producer Company Limited (IOFPCL), Bayer AG, Camson Bio Technologies Limited, and ZUWA Organic Farms Pvt. Ltd among others
