Press release
Key Trend Reshaping the Agriculture Market in 2025: Elevating Agriculture With Cutting-Edge Drones
Agriculture Market Share
As the global population continues to rise, predictions suggest it will hit 10 billion by 2050. This growth in population invariably results in a surged demand for food. The Organization for Economic Co-operation and Development (OECD) along with the Food and Agriculture Organization (FAO) in their Agricultural Outlook suggests that a 13% boost in global cereal production is anticipated by 2027 in response to this demand. It poses the necessity to escalate crop production, farming actions, and trade volumes to keep up with the increased population's needs. Acquisition of more arable land by agribusiness companies is expected to rise for enhanced crop production. In response to the heightened demand from farming activities, agricultural enterprises are projected to extend their reach and operations, thereby bolstering their growth.
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What is the projected compound annual growth rate (CAGR) of the agriculture market from 2025 to 2034, and what factors influence it?
There has been a robust growth in the size of the agriculture market in the past few years. It is projected to expand from $14361.62 billion in 2024 to $15502.69 billion in 2025, with a compound annual growth rate (CAGR) of 7.9%. This growth during the historical period can be ascribed to factors such as population increase, trade globalization, government regulations, crop protection products, weather and climate patterns, and initiatives for rural development.
The farming industry's market size is anticipated to experience robust expansion in the upcoming years, with a projection to reach $20637.4 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.4%. The escalation during the forecasted period can be ascribed to the increase in sustainable farming methods, genetic crop advancements, organic and vertical farming approaches, and strategies for water management concerning global food safety. Noteworthy trends for the forecasted period encompass the use of precise farming technologies, the application of artificial intelligence in agriculture, digital platforms for farm goods, the deployment of autonomous farming machinery, and the uptake of agricultural management software.
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What are the emerging trends shaping the future of the agriculture market?
Major companies in the agricultural sector are leveraging the use of agriculture drones in order to acquire accurate data on the health of crops, the condition of the soil, and pest infestations, bolstering their position in the market. These agriculture drones, also known as unmanned aerial vehicles (UAVs), are being employed by the agricultural industry to increase crop yield, minimize costs, and enhance efficiency. For example, XAG, a drone service provider based in China, introduced the XAG P100 Pro in July 2023. This advanced and efficient drone is designed to aid farmers in their agriculture-related activities. It features a considerable payload capacity of 50 kilograms, which makes it quite productive for farming operations. The P100 Pro from XAG is a fully automated unmanned aerial system that can assist farmers in tasks like seeding, crop spraying, and fertilization. Its dual-link communication system guarantees stable operation even in poor network conditions.
What are the major segments of the agriculture market and their role in driving growth?
The agriculture market covered in this report is segmented -
1) By Type: Animal Produce, Crop Production, Rural Activities
2) By Nature: Organic, Conventional
3) By Distribution Channel: Super markets Or Hyper markets, Convenience Stores, E-Commerce, Other Distribution Channels
Subsegments:
1) By Animal Produce: Livestock, Poultry, Dairy Products
2) By Crop Production: Cereal Crops, Oilseed Crops, Horticultural Crops
3) By Rural Activities: Agroforestry, Organic Farming, Agricultural Services
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Which regions are key players in the growth of the agriculture market?
Asia-Pacific was the largest region in the agriculture market in 2024. North America was the second largest region in the agriculture market. The regions covered in the agriculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the agriculture market?
Major companies operating in the agriculture market include Cargill Incorporated, Archer Daniels Midland Co., BASF SE, Wilmar International Ltd., Dow Inc., Olam International, Bayer AG, Tyson Foods, Deere & Company, Nutrien Ltd., WH Group Limited, Yara International ASA, CNH Industrial NV, Kubota Corporation, Syngenta AG, The Mosaic Company, Corteva Inc., The Andersons Inc., Charoen Pokphand Foods PCL, Land O'Lakes Inc., Mahindra & Mahindra Ltd., AGCO Corporation, Wens Foodstuff Group Co. Ltd., FMC Corporation, The Toro Company, Valmont Industries Inc., The Scotts Miracle-Gro Company, Flour Mills of Nigeria, Dairy Farmers of America, Bunge Limited
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What Is Covered In The Agriculture Global Market Report?
• Market Size Forecast: Examine the agriculture market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the agriculture market for a structured understanding.
• Key Players Overview: Analyze major players in the agriculture market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the agriculture market.
• Segment Contributions: Evaluate how different segments drive overall growth in the agriculture market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the agriculture market.
• Industry Challenges: Identify potential risks and obstacles affecting the agriculture market.
• Competitive Landscape: Review strategic developments in the agriculture market, including expansions, agreements, and new product launches.
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