Press release
Population Growth Fuels Expansion In The Crop Production Market Driver: A Major Catalyst in the Evolution of the Crop Production Market in 2025
Crop Production
The escalation in population size is expected to stimulate the growth of the crop production market going forward. This increase refers to the rise in the number of inhabitants in a group or population over a specific timeframe. With the surge in the population, farmers have the chance to leverage economies of scale by cultivating more crops and selling them at a reduced cost per unit. To illustrate, the U.S. Census Bureau's Vintage 2022 report, issued by the U.S. Census Bureau, a government agency from the United States, indicates that in 2022, the population of U.S. residents increased by 0.4%, or 1,256,003, to a total of 333,287,557. Hence, the escalating population is fueling the expansion of the crop production market.
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What is the projected compound annual growth rate (CAGR) of the crop production market from 2025 to 2034, and what factors influence it?
In the past few years, the market size of crop production has experienced robust growth. The size is forecasted to increase from $6208.71 billion in 2024 to $6772.21 billion in 2025, showcasing a compound annual growth rate (CAGR) of 9.1%. Factors such as conventional farming techniques, mechanization, chemical contributions, free-market policies, government support, and climatic fluctuations have been significant contributors to the growth of this period.
In the coming years, the market for crop production is set to witness robust growth. It's projected to reach $9244.4 billion by 2029, boasting a compound annual growth rate (CAGR) of 8.1%. Factors fueling growth in the forecast period include genetic engineering, smart agriculture adapted to climate, alternative protein sources, regeneration-focused agriculture, and circular economy paradigms. Significant trends to watch for in the same period include the advent of digital farming platforms, biologically-based pest control methods, independent farming machinery, the application of artificial intelligence (AI) in crop surveillance, and crop varieties resilient to climate changes.
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How are the latest trends influencing the growth of the crop production market?
Top corporations in the crop production market are innovating and advancing with the creation of automated harvesters to boost productivity, sustainability, and adaptability. Automated harvesters, autonomous machines utilized in agriculture, are created to enhance effectiveness and lower labor expenses. To exemplify, Raven Industries Inc., a U.S.-based agricultural firm, introduced the Raven Cart Automation in August 2023. This self-operating farming technology coordinates the direction and velocity of both the tractor and the combine, which in turn permits more effective and fruitful grain cart harvesting operations. This technological system is managed using a tablet-based platform, facilitating easier control and maximization of grain cart harvesting activities.
What are the major segments of the crop production market and their role in driving growth?
The crop production market covered in this report is segmented -
1) By Type: Grain Farming, Oilseed Farming, Fruit And Nut Farming, Vegetable Farming, General Crop Farming, Greenhouse, Nursery, And Flowers
2) By Farming Process: Organic Farming, Traditional Farming
3) By Application: Food And Beverages, Fodder
Subsegments:
1) By Grain Farming: Wheat, Corn, Rice, Barley, Oats
2) By Oilseed Farming: Soybeans, Sunflower, Canola, Peanuts
3) By Fruit And Nut Farming: Citrus Fruits (Oranges, Lemons), Berries (Strawberries, Blueberries), Tree Nuts (Almonds, Walnuts), Tropical Fruits (Bananas, Mangoes)
4) By Vegetable Farming: Leafy Vegetables (Lettuce, Spinach), Root Vegetables (Carrots, Potatoes), Legumes (Beans, Peas)
5) By General Crop Farming: Cotton, Sugarcane, Tobacco
6) By Greenhouse, Nursery, And Flowers: Ornamental Plants, Flowers, Foliage Plants, Seedlings And Saplings
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Which regions are key players in the growth of the crop production market?
Asia-Pacific was the largest region in the crop production market in 2024. Western Europe was the second largest region in the crop production market. The regions covered in the crop production 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 crop production market?
Major companies operating in the crop production market 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
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What Is Covered In The Crop Production Global Market Report?
•Market Size Forecast: Examine the crop production market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the crop production market for a structured understanding.
•Key Players Overview: Analyze major players in the crop production market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the crop production market.
•Segment Contributions: Evaluate how different segments drive overall growth in the crop production market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the crop production market.
•Industry Challenges: Identify potential risks and obstacles affecting the crop production market.
•Competitive Landscape: Review strategic developments in the crop production market, including expansions, agreements, and new product launches.
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