Press release
Global Crop Production Market: Booming Growth, Key Drivers, Market Size, and Future Trends Forecast for 2024-2029
Global Crop Production Market
The crop production market is experiencing substantial growth. Key growth projections include:
• 2024 Market Size: $6208.71 billion
• 2025 Market Size: $6772.21 billion (9.1% CAGR)
• 2029 Market Size: $9244.4 billion (8.1% CAGR)
Factors catalyzing historic period growth include traditional farming practices, mechanization, chemical inputs, market liberalization, and government subsidies. Future growth catalysts will likely be genetic engineering, climate smart agriculture, alternative protein sources, regenerative agriculture, and circular economy models.
What Is Driving The Growth In The Crop Production Market?
The surging global population is estimated to fuel the growth of the crop production market. A growing population creates an opportunity for farmers to take advantage of economies of scale by producing more crops and selling them at a lower cost per unit. For example, the U.S. Census Bureau's Vintage 2022 reports a 0.4% increase in the U.S. resident population, now standing at 333,287,557 in 2022. This burgeoning population is thus a key driver of the crop production market's growth.
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Who Are the Key Players Driving Crop Production Market Growth?
Major companies propelling the crop production market forward include
•Sinochem Group
•Cargill Incorporated
•BASF SE
•Wilmar International Ltd.
•Bunge Limited
•Olam Group
•Bayer AG
•CHS Inc.
•Nutrien Ltd.
•Syngenta AG
•Agrium Inc.
•Associated British Foods plc
•Corteva Inc.
•The Monsanto Company
•CF Industries Holdings Inc.
•Israel Chemicals Ltd.
•The Amaggi Group
•J.R. Simplot Company
•UPL Limited
•Nufarm Limited
•Groupe Roullier
•The Scoular Company
•Gotham Greens Company
•Birdsong Peanut Company
•Baker Creek Heirloom Seed Company
•Yara International ASA
•Mosaic Company
•Archer Daniels Midland Co.
•Bangladesh Rural & Advancement Committee
What Are The Key Trends In The Crop Production Market?
Key trends set to shape the future of the crop production market include:
•Digital farming platforms
•Biological pest control methods
•Autonomous farming equipment
•Artificial Intelligence (AI) in crop monitoring
•Climate-resilient crop varieties
What Are The Segments Of The Global Crop Production Market?
The global crop production market can be broken down by:
1) Type: Grain Farming, Oilseed Farming, Fruit And Nut Farming, Vegetable Farming, General Crop Farming, Greenhouse, Nursery, And Flowers
2) Farming Process: Organic Farming, Traditional Farming
3) Application: Food And Beverages, Fodder
Which Region Leads The Crop Production Market?
Asia-Pacific held the largest share of the crop production market in 2024, with Western Europe following closely behind as the second largest region. The report covers the crop production market across Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Crop Production Market Global Market Report?
- Market Size Analysis: Analyze the Crop Production Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Crop Production Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Crop Production Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Crop Production Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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