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Agriculture CRO Services Market Market Size (2024 - 2029)

The Agriculture CRO Services Market is experiencing significant growth, driven by increasing demand in the agrochemical sector. This expansion is attributed to agrochemical manufacturers' reliance on CRO services to enhance product development and market understanding, thereby maintaining competitiveness. The integration of advanced technologies, such as Artificial Intelligence and automation, into agricultural practices is further propelling market growth. Additionally, the adoption of smart agriculture practices and strategic initiatives by key players, including expansion and partnerships, are contributing to the market's upward trajectory.

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Market Size of Agriculture CRO Services Industry

Agriculture CRO Services Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 10.89 Billion
Market Size (2029) USD 18.78 Billion
CAGR (2024 - 2029) 11.50 %
Fastest Growing Market North America
Largest Market North America
Market Concentration Low

Major Players

Agriculture CRO Services Market Major Players

*Disclaimer: Major Players sorted in no particular order

Agriculture CRO Services Market Analysis

The Agriculture CRO Services Market size is estimated at USD 10.89 billion in 2024, and is expected to reach USD 18.78 billion by 2029, growing at a CAGR of 11.5% during the forecast period (2024-2029).

There has been a considerable rise in the demand for agriculture CRO (contract research organization) services, primarily in the agrochemical industry. Agrochemical manufacturers adopt CRO services to optimize efficiency and effectiveness through better product development and understanding of market requirements. This further helps them to remain competitive in the industry and create a positional foothold in the market. Other than this, CRO services facilitate the integration of advanced technologies, such as Artificial Intelligence, automation, and robotics, in agriculture practices. This, along with the rising adoption of smart agriculture, is further boosting the market growth. Moreover, prominent players are adopting strategies, such as expansion, partnerships, and product innovation, to strengthen their position in the market. For instance, in 2023, Eurofins Agroscience Services expanded its Seeds Services Portfolio to address market needs. Under this portfolio, the company established a seed processing unit comprising a cleaning and sorting physical tuning service, a seed coating service for parental lines, and an early-stage hybrid of field and vegetable crops.

Agriculture CRO Services Industry Segmentation

Agriculture CRO services are opted for by agriculture input manufacturers on a contract basis for conducting research and development activities to enhance their operations, products, services, and business.

The Agriculture CRO Services Market is Segmented by Service Type (Field Services, Laboratory Services, Regulatory Services, and Other Services), Sector (Crop Protection Chemicals, Fertilizers, and Seeds), and Geography (North America, Europe, Latin America, and Africa). The Report Offers the Market Sizes and Forecasts in Value (USD) for the Above Segments.

Service Type
Field Services
Laboratory Services
Regulatory Services
Other Services
Sector
Crop Protection Chemicals
Fertilizers
Seeds
Geography
North America
United States
Canada
Mexico
Rest Of North America
Europe
Germany
United Kingdom
France
Spain
Rest of Europe
Latin America
Brazil
Argentina
Chile
Rest of Latin America
Africa
South Africa
Tunisia
Morocco
Rest of Africa
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Agriculture CRO Services Market Size Summary

The Agriculture CRO Services Market is experiencing significant growth, driven by the increasing demand for contract research organization services within the agrochemical industry. These services are essential for agrochemical manufacturers to enhance product development and align with market demands, thereby maintaining competitiveness. The integration of advanced technologies such as Artificial Intelligence, automation, and robotics into agricultural practices is further propelling market expansion. Prominent industry players are actively engaging in strategies like expansion, partnerships, and product innovation to solidify their market presence. For instance, Eurofins Agroscience Services expanded its Seeds Services Portfolio to meet evolving market needs, demonstrating the industry's commitment to leveraging CRO services for strategic advantage.

Fertilizer companies are increasingly outsourcing specialized testing and development services to CROs, allowing them to concentrate on core business activities while benefiting from expert resources. This trend is fueled by the growing demand for improved fertilizers and the necessity to meet regulatory standards. Advancements in testing methodologies, including molecular biology techniques, enhance the capabilities of CROs, offering significant value to fertilizer companies. Regionally, the market is influenced by specific agricultural setups requiring CRO support for effective product placement and collaboration with local stakeholders. The competitive landscape of the agricultural CRO services market is dominated by major players like Eurofins Agrosciences, SynTech Research Group, and Charles River Laboratories, who are focusing on expansion and strategic partnerships to maintain their market share. Recent developments, such as Eurofins' acquisition of SGS Crop Science operations and SynTech's agronomic evaluation unit in Colombia, highlight the dynamic nature of the market and the ongoing efforts to enhance service offerings and regulatory support.

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Agriculture CRO Services Market Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Need for Custom Product Development

      2. 1.2.2 Use of CROs for Regulatory Services

    3. 1.3 Market Restraints

      1. 1.3.1 Data and Cyber Security Concerns

      2. 1.3.2 Lack of Experts and Professionals in this Industry

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Service Type

      1. 2.1.1 Field Services

      2. 2.1.2 Laboratory Services

      3. 2.1.3 Regulatory Services

      4. 2.1.4 Other Services

    2. 2.2 Sector

      1. 2.2.1 Crop Protection Chemicals

      2. 2.2.2 Fertilizers

      3. 2.2.3 Seeds

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Mexico

        4. 2.3.1.4 Rest Of North America

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Spain

        5. 2.3.2.5 Rest of Europe

      3. 2.3.3 Latin America

        1. 2.3.3.1 Brazil

        2. 2.3.3.2 Argentina

        3. 2.3.3.3 Chile

        4. 2.3.3.4 Rest of Latin America

      4. 2.3.4 Africa

        1. 2.3.4.1 South Africa

        2. 2.3.4.2 Tunisia

        3. 2.3.4.3 Morocco

        4. 2.3.4.4 Rest of Africa

Agriculture CRO Services Market Market Size FAQs

The Agriculture CRO Services Market size is expected to reach USD 10.89 billion in 2024 and grow at a CAGR of 11.5% to reach USD 18.78 billion by 2029.

In 2024, the Agriculture CRO Services Market size is expected to reach USD 10.89 billion.

Agriculture CRO Services Market Report Snapshots

Agriculture CRO Services Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)