Modern agricultural practices are driving the growth in Global Cover Crops Market in the forecast period, 2023-2027.
Global Cover Crops Market is expected to grow at a significant CAGR during the forecast period. The growth can be attributed to the rising awareness about the advantages of integrated cover crops and sustainable agricultural practices. Cover crops are unconventional crops that support secondary famer’s needs, improve soil health, boost yields, and serve as a biofuel. In certain conditions, cover crops are planted alongside commercial crops for reducing erosion, nutrient leaching, and crop management purposes. Thus, enhanced focus on sustainable farming practices have led to the growing adoption of cover crops, which is expected to propel the growth of global cover crops market. Government institution, training centers, and educational institutions are increasing awareness among farmers for the benefits of combing traditional farming practices with cover crops, which is expected to support the growth of global cover crops market in the coming years. Rising population across the globe and depleting soil quality are enhancing concerns regarding food security. Thus, the increasing demand for better soil quality and agricultural practices are driving the growth of global cover crops market. Rapid advancements in the technology and innovation in the agriculture domain are contributing to the greater adoption of cover crops, which is expected to attribute their market growth in the coming years. Incentives provided by government for cover cropping due to their environmental benefits in certain regions are also fueling the growth of global cover crops market.
The global cover crops market is segmented on the basis of type, application, region, and company. Based on the type, the market is further bifurcated into legumes, grasses, broadleaf non-legumes, and others. Based on the application, the market is divided into soil fertility management, preventing soil erosion, weed management, pest management, and others. Based on region, the global cover crops market is sub-segmented into North America, Europe, Middle East & Africa, South America, and Asia-Pacific.
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Hudson Valley Seed Company, Territorial Seed Company, Johnston Seed Company, Yield10 Bioscience, Inc., Green Acres Cover Crops, Advance Cover Crops, Covers & Co, among others are the top companies dominating the global cover crops market. Market players are increasingly investing in the research & development activities as well as building technologies for further developments in cover cropping to sustain market growth.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023–2027
Objective of the Study:
- To analyze the historical growth in the market size of global cover crop market from 2017 to 2021.
- To estimate and forecast the market size of global cover crop market from 2022 to 2027 and growth rate until 2027.
- To classify and forecast global cover crop market based on product type, application, fuel type, region, and competitive landscape.
- To identify dominant region or segment in the global cover crop market.
- To identify drivers and challenges for global cover crop market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global cover crop market.
- To identify and analyze the profile of leading players operating in global cover crop market.
- To identify key sustainable strategies adopted by market players in global cover crop market.
In this report, global cover crops market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Cover Crops Market, By Type:
- Broadleaf Non-Legumes
Cover Crops Market, By Application:
- Soil Fertility Management
- Preventing Soil Erosion
- Weed Management
- Pest Management
Cover Crops Market, By Region:
- North America
- United States
- United Kingdom
- South Korea
- Middle East & Africa
- South Africa
- Saudi Arabia
- South America
- North America
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of global cover crop market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
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Key Target Audience:
- Global cover crop service providers
- Raw material suppliers
- Research organizations and consulting companies
- Research Institutes
- Industry associations
- Market research and consulting firm
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, partners, end users, etc. besides allowing them in strategizing investments and capitalizing on market opportunities.
Company Profiles: Detailed analysis of the major companies present in global cover crops market.
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report: