Market key trends: One of the key trends in the organic farming market is growing popularity and adoption of digital technologies like AI and IoT. Digital assistants and AI tools are helping farmers monitor soil and crop health, detect pests and diseases early, optimize water and fertilizer use. Precision agriculture tools allow site-specific management to improve yields. AI is also enabling predictive analysis to anticipate weather changes, output and help farmers plan accordingly. This is improving farm productivity and quality while reducing costs for organic farmers.
Segment Analysis
The global organic farming market is segmented by farm type into arable crops, permanent crops, and permanent meadows & pastures. Permanent crops segment dominates the market owing to high demand for organic fruits and vegetables. Organic farming of permanent crops such as citrus fruits, banana, grapes, and other fruits see high preference among farmers due to premium prices and increasing health consciousness among consumers.
Key Takeaways
Organic Farming Market Size is expected to witness high growth, exhibiting CAGR of 10% over the forecast period, due to increasing consumer preference for chemical-free food products and stringent regulations regarding the use of agrochemicals.
Regional analysis
North America dominates the global organic farming market attributed to the growing organic farmland and rising adoption of organic techniques among farmers in the US and Canada. Europe is also a major market for organic farming due to stringent food quality and safety regulations in the EU countries driving adoption of organic practices.
Key players
Key players operating in the organic farming market are 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. The Indian Organic Farmers Producer Company Limited (IOFPCL) is one of the largest organic farmers producer companies in India with a network of more than 70,000 organic farmers across several states of India.
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