According to IMARC Group’s latest report, titled “Australia Organic Farming Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The Australia organic farming market size reached US$ 2.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.0 Billion by 2028, exhibiting a growth rate (CAGR) of 8.8% during 2023-2028.
Organic farming refers to the method of cultivating crops without using chemical-based fertilizers, pesticides and genetically modified organisms (GMOs). It involves the utilization of green manure, biological pest control, rock additives, and organic waste. It assists in maintaining soil fertility and ecological balance, minimizing pollution and wastage, lowering greenhouse gas emissions, and reducing soil toxicity. As a result, organic farming is gaining traction across Australia.
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Australia Organic Farming Market Trends:
At present, there is a significant increase in the prevalence of various chronic ailments in Australia. This, in confluence with the increasing awareness about the health benefits associated with the consumption of organically grown fruits and vegetables, is supporting the growth of the market. Besides this, the farmers are inclining towards bio-agricultural practices for enhancing production capacity and improving yield quality, which is acting as another growth-inducing factor. Furthermore, the key players are investing in research and development (R&D) activities to introduce innovative farming techniques with a wide range of advantages. This is projected to propel the market growth in the country.
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined with some of the key players.
- BASF SE
- Bauer’s Organic Farm Pty Ltd
- Bayer Cropscience Pty Ltd (Bayer AG)
- Best Environmental Technologies Pty Ltd
- BIOAG Pty Ltd
- Fertoz Agriculture Pty Ltd
- Grassdale Fertilisers Pty Ltd
- Mapleton Agri Biotec Pty Ltd
- Solvay S.A.
- Sustainable Farming Solutions Pty Ltd.
Key Market Segmentation:
The report has categorized the market based on type, product, method and end user.
Breakup by Type:
- Pure Organic Farming
- Integrated Organic Farming
Breakup by Product:
- Fruits
- Vegetables
- Cereals and Grains
- Others
Breakup by Method:
- Crop Rotation
- Polyculture
- Mulching
- Soil Management
- Weed Management
- Composting
- Others
Breakup by End User:
- Agriculture Companies
- Organic Farms
Breakup by Territory:
- Western Australia
- New South Wales
- Queensland
- Victoria
- Rest of Australia
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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