Global Agroforestry Market Size To Exceed USD 194.5 Billion By 2033 | CAGR of 6.93%
Category: AgricultureGlobal Agroforestry Market Size To Exceed USD 194.5 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Agroforestry Market Size is to Grow from USD 99.5 Billion in 2023 to USD 194.5 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 6.93% during the projected period.
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Browse key industry insights spread across 190 pages with 120 Market data tables and figures & charts from the report on the "Global Agroforestry Market Size, Share, and COVID-19 Impact Analysis, By System (Agrisilvicultural, Silvopastoral Systems, Agrosilvopastoral Systems, and Others), By Product (Timber & Lumber and Fiber Crops, Fruits and Nuts, Vegetables and Herbs, Medicinal Plants, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/agroforestry-market
Agroforestry is the viable solution to address the increasing demand for agricultural and forestry products thereby reducing global warming and fostering environmental sustainability. Agroforestry has an essential role in biodiversity conservation and enhancement of ecosystem services, having multifunctional roles in enhancing agronomic productivity, co-production of diversity of food and non-food products, and provision of ecosystem services. It offers a number of environmental benefits including soil fertility, protection of crops and livestock from wind, restore degraded lands, water conservation, limited utilization of pests, and prevention of soil erosion. The emerging trends favoring integrated land management practices are reshaping the global agroforestry landscape. The increasing environmental concerns regarding conventional farming methods and the implementation of initiatives for conserving natural resources and mitigating climate change are significantly driving the market demand for agroforestry. Further, the rising need for food, timber, fruits, nuts, and fodder is bolstering the market demand for agroforestry. On the contrary, the financial challenges due to the lengthy waiting period for return on investment and the absence of efficient value chains that limit the market access for agroforestry products are restraining the global agroforestry market.
The agrisilvicultural systems segment dominates the market with a significant revenue share through the forecast period.
Based on system, the global agroforestry market is segmented into agrisilvicultural, silvopastoral systems, agrosilvopastoral systems, and others. Among these, the agrisilvicultural systems segment dominates the market with a significant revenue share through the forecast period. By using land for the simultaneous production of crops, including tree crops, the agrisilvicultural system contributes to biodiversity. The growing need for increased productivity and food security driving the market demand in the agrisilvicultural systems segment.
The timber & lumber and fiber crops segment dominated the global agroforestry market during the forecast period.
Based on the product, the global agroforestry market is segmented into timber & lumber and fiber crops, fruits and nuts, vegetables and herbs, medicinal plants, and others. Among these, the timber & lumber and fiber crops segment dominated the global agroforestry market during the forecast period. Agroforestry methods yield wood that is suitable for use as firewood, industrial raw materials, solid wood (timber), and other wood products. The increasing demand for timber and wood products along with the promotion of sustainable land management methods are propelling the market demand.
Asia-Pacific dominates the market with the largest market share over the forecast period.
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Asia-Pacific dominates the market with the largest market share over the forecast period. The presence of vast agricultural lands and the need for diversified farming systems in countries like India, China, and Indonesia are significantly contributing to market growth. Favorable climatic conditions, a large agricultural workforce, and the rising emphasis on sustainable farming practices are also responsible for driving the market in the region. Additionally, the financial and technical support from several government organizations for agroforestry practices not only contributes to environmental sustainability but also enhances economic viability for farmers. The initiatives taken by the government to promote agroforestry are driving the market in the region.
Middle East & Africa region is expected to grow the fastest during the forecast period. The promotion of sustainable agriculture in countries like Kenya, Ethiopia, and Nigeria is responsible for driving the market. The increasing awareness about the potential of agroforestry in combating desertification and soil erosion is fueling the market. The food security challenges in the region are further augmenting the market demand for agroforestry. The rising demand for timber, food, and fodder with the growing population in the region is further driving the market demand in the region.
Major vendors in the global agroforestry market are Agroforestry Systems Inc., Center for Agroforestry (University of Missouri), Center for International Forestry Research and World Agroforestry (CIFOR-ICRAF), Weyerhaeuser, Green Resources, EcoPlanet Bamboo, Rainforest Alliance, TerraCarbon LLC, and Other Key Players.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In January 2019, GRET launched a new suburban agroforestry project in Haut-Katange (APHK), in the Democratic Republic of Congo (DRC), funded by the European Union, to support the Kipushi agroforestry perimeter associations syndicate (Capak).
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global agroforestry market based on the below-mentioned segments:
Global Agroforestry Market, System Analysis
- Agrisilvicultural
- Silvopastoral Systems
- Agrosilvopastoral Systems
- Others
Global Agroforestry Market, Product Analysis
- Timber & Lumber and Fiber Crops
- Fruits and Nuts
- Vegetables and Herbs
- Medicinal Plants
- Others
Global Agroforestry Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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