Press release
Key Driver Shaping the Future Production Agriculture Market From 2025-2034: Increasing Adoption Of Modern Agricultural Methods Is Driving The Growth Of The Production Agriculture Market
Production Agriculture Market
In the past few years, there has been a significant rise in the market size of production agriculture. The market, which was valued at $167.66 billion in 2024, is projected to reach $179.48 billion in 2025, portraying a compound annual growth rate (CAGR) of 7.1%. Factors such as growing environmental awareness, the use of advanced agricultural inputs, enhanced digital connectivity, increased transportation, and a rise in pests and diseases affecting agriculture have contributed to the growth observed in the historical period.
The market size of production agriculture is projected to experience robust growth in the coming years, expanding to $237.92 billion in 2029 with a compound annual growth rate (CAGR) of 7.3%. This growth during the forecast period is due to factors like the increasing demand for conservation of natural resources, enlargement of agricultural trade, shifts in consumer preferences, investment and financial considerations, and global trade accords. The forecast period will also see trends such as advanced analytics and big data, sustainable methods and indoor farming, artificial intelligence and machine learning, genomic and biotech advancements, and CRISPR technology.
What Are the Forces Behind the Rapid Growth of the Production Agriculture Market?
The surge in the use of contemporary farming methods is anticipated to boost the expansion of the production agriculture market in the future. These modern methods, which include ground-breaking innovations like genetically modified seeds and organic farming practices, are designed to enhance productivity and sustainability. Factors promoting the adoption of these advanced methodologies include the need for higher crop yields, better resistance to pests and diseases, and increased sustainability. Contemporary farming methods incorporate the use of sophisticated technologies such as automatic machinery, precision farming instruments, and safety surveillance systems to bolster safety in agricultural production. They serve to minimize accident risks and boost overall effectiveness. For example, data from the US Department of Agriculture in July 2024 stated that around 90% of American corn and cotton fields had been sown with genetically modified seeds, with corn having resistance to herbicides and cotton being resistant to insects in 2024. Moreover, as per data from the Department for Environment, Food, and Rural Affairs in the UK in May 2024, about 498,000 hectares of land were organically farmed in the UK in 2023. Consequently, the uptick in the use of contemporary farming methods propels the expansion of the production agriculture market.
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Who Are the Dominant Companies Influencing Production Agriculture Market Trends?
Major companies operating in the production agriculture market are BASF SE, The Dow Chemical Company, Bayer CropScience Ltd., Deere & Company, Nutrien Ltd., Sumitomo Chemical Company Limited, Kubota Corporation, Corteva Inc., Syngenta Group, Lanxess AG, UPL Limited, FMC Corporation, ADAMA Ltd., Nufarm Limited, Coromandel International Limited, Kumiai Chemical Industry Co Ltd., Nippon Soda Co Ltd., PI Industries Limited, Valent USA LLC, Dhanuka Agritech Limited, Isagro S.p.A., Certis USA LLC, W. Neudorff GmbH & Co. KG, Sulphur Mills Limited, Traction Ag
Who Are the Dominant Companies Influencing Market Trends?
Leading firms in the production agriculture market are concentrating their efforts on creating biological crop protection methods like bio fungicides, to improve the health and sustainability of crops while also minimizing the ecological footprint. Biofungicides are essentially biological substances used to inhibit plant fungal diseases, typically sourced from natural organisms or their by-products. As an example, FMC India Private Limited, an agricultural sciences corporation based in India, introduced ENTAZIA in August 2023. This revolutionary biological crop protection product, powered by Bacillus subtilis, gives farmers a potent and environmentally responsible mechanism to protect their cultivation from fungi, particularly bacterial leaf blight in rice, which can significantly disrupt yield and quality. It represents a viable and sustainable strategy for protecting crops and maintaining environmental balance.
What Are the Different Segmentations in the Production Agriculture Market?
The production agriculture market covered in this report is segmented -
1) By Components: Solution, Services
2) By Deployment Modes: Cloud, On-Premises
3) By Farm Size: Large Farms, Medium-Sized Farms, Small Farms
4) By Application: Farm Analytics, Livestock Analytics, Aquaculture Analytics
Subsegments:
1) By Solution: Farm Management Software, Precision Farming Tools, Automated Machinery, Irrigation Systems
2) By Services: Consulting Services, Maintenance and Support, Farm Advisory Services, Data Analytics Services
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Which Region Is at the Forefront of the Production Agriculture Market?
North America was the largest region in the production agriculture market in 2024. The regions covered in the production agriculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Production Agriculture Global Market Report?
- Market Size Analysis: Analyze the production agriculture Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the production agriculture 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 production agriculture market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the production agriculture market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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