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. 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.
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.
Major Key Players of the Organic Farming Market are:AkzoNobel, Amalgamated Plantations, 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.
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