Press release
Rising Demand For Food And The Agribusiness Expansion: Key Factor Driving The Growth In The Agriculture Market
Agriculture
What Is the Expected Agriculture Market Size During the Forecast Period?
In recent years, the size of the agriculture market has significantly expanded. It is projected to increase from $14361.62 billion in 2024 to $15502.69 billion in 2025, at a compound annual growth rate (CAGR) of 7.9%. Factors such as population growth, trade globalization, government policies, crop protection products, changes in climate and weather, along with rural development initiatives have contributed to the historic growth rate.
Expectations are high for robust expansion in the agriculture market in the coming years. It is projected to reach $20637.4 billion by 2029, with a compound annual growth rate (CAGR) of 7.4%. Factors contributing to the expected growth in this period include the advancement of sustainable agricultural practices, genetically modified crops, organic and vertical farming, and water management solutions to address global food safety issues. Key trends for this forecast period cover precision farming technologies, the embrace of artificial intelligence in agriculture, digital platforms for selling agricultural produce, the use of self-operating farming equipment and the adoption of farm-management software programs.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=1858
What Are the High-Growth Segments in the Agriculture Market?
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
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=1858&type=smp
What Key Drivers Are Expected to Influence Future Agriculture Market Growth?
The global population is on the rise and is projected to hit 10 billion by 2050. This growth in population leads to an escalated demand for food. As per the Agricultural Outlook published by the Organization for Economic Co-operation and Development (OECD) and FAO (Food and Agriculture Organization), by 2027, it's forecasted that global cereal production will rise by 13%. To cater to the growing population, a surge in crop production, farming operations, and trade volumes is necessary. It is anticipated that agribusiness firms will acquire more arable land to escalate crop yield. In order to meet the booming demand and enhance their growth, agriculture companies will likely bolster their operations and presence in the sector.
Which Companies Hold the Largest Share Across Different Agriculture Market Segments?
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
What Trends Are Driving Growth in The Agriculture Market?
Leading companies in the agricultural sector are pushing innovation boundaries by developing drones specifically for agricultural use, elevating their market stand. These agriculture drones, essentially unmanned aerial vehicles (UAVs), play a significant role in enhancing crop output, reducing overall expenditure, and improving operational efficiency. For example, in July 2023, XAG, a drone services provider based in China, released the XAG P100 Pro drone. This highly sophisticated and performance-efficient drone is designed to assist farmers with their agricultural requirements. It possesses the capacity to carry a load of up to 50 kilograms, which enhances its productivity in agriculture. The XAG P100 Pro drone is an independent, automatic unmanned aerial system that aids farmers with tasks like seeding, crop spraying, and applying fertilisers. Furthermore, its dual-link communication system guarantees a stable operation on local area networks and even under weak network conditions.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/agriculture-global-market-report
What Are the Emerging Geographies for The Agriculture Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Agriculture Market?
2. What is the CAGR expected in the Agriculture Market?
3. What Are the Key Innovations Transforming the Agriculture Industry?
4. Which Region Is Leading the Agriculture Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Rising Demand For Food And The Agribusiness Expansion: Key Factor Driving The Growth In The Agriculture Market here
News-ID: 4010565 • Views: …
More Releases from The Business Research Company
Unlocking Opportunities in the Tyrosine Kinase Inhibitors Market: 2025-2034 Fore …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Tyrosine Kinase Inhibitors Industry Market Size Be by 2025?
The market for tyrosine kinase inhibitors has seen robust growth in recent times. The market is predicted to expand from $58.03 billion in 2024 to $62.66 billion in 2025, marking a compound annual growth rate (CAGR) of…
Sustained Release Excipients Market Advances With Product Innovation Industry Tr …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Sustained Release Excipients Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the market size of sustained release excipients has seen significant growth. It's projected to increase from $1.4 billion in 2024 to $1.51 billion in 2025, exhibiting a Compound Annual Growth Rate…
Surge In Cancer Cases Fuels Expansion Of The RNA-Targeting Small Molecule Therap …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the RNA Targeting Small Molecules Therapeutics Market Size By 2025?
In recent years, the market size of RNA targeting small molecules therapeutics has witnessed substantial growth. The market, which is estimated to be worth $6.1 billion in 2024, is projected to increase to $7.83 billion in…
Surge In Autoimmune Diseases Fuels Remicade Biosimilar Market Growth Emerges as …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Remicade Biosimilar Market Through 2025?
In recent times, we've seen significant expansion in the remicade biosimilar market. Projected growth from 2024's $3.95 billion to $4.89 billion in 2025 indicates a compound annual growth rate (CAGR) of 23.8%. This rise during the historic…
More Releases for Agriculture
Indonesia Agriculture Market, Indonesia Agriculture Industry, Agriculture Grains …
Indonesia is world’s leading producer of palm oil as well as a leading global producer of other commodities such as rubber, cocoa, and coffee. Indonesia is a rich country in fertile land ideal for growing different ranges of crops for both export & domestic consumption. However, these are export crops that have come to direct land use and employment to take the advantage of peaks in global commodity prices. In…
Morocco Agriculture Market, Morocco Agriculture Industry, Agriculture Grains Mar …
Morocco is tremendously dependent on its agricultural sector. Moroccan agricultural production consists mainly of potatoes, sugar beet, oranges, wheat, tomatoes, olives, and olive oil. The significance of agriculture sector in the economy of Morocco and other countries is measured as the worth added of the agricultural sector as percent of Gross domestic product (GDP). Agriculture includes hunting, forestry, and fishing, as well as the cultivation of crops & livestock production.
According…
Philippines Agriculture Market, Philippines Agriculture Industry, Agriculture Gr …
The Philippines is primarily an agricultural country. Most populace lives in rural areas and support themselves through agriculture. Country’s agriculture sector is sub-divided into 4 key sub-sectors: fisheries, farming, livestock, and forestry that employ approximately 39.8 % of the labor-force and contribute 20 & of GDP. The fisheries sector is categorized into 3 sub-sectors: municipal, commercial, and aquaculture (cultivation of natural produce of bodies of water). Growing crops for the…
Zimbabwe Agriculture Market, Zimbabwe Agriculture Industry, Agriculture Grains M …
The Agriculture has always been of prodigious importance for Zimbabwe, as feeding the world’s largest populace is not a convenient task. The Zimbabwe government has been assisting the agriculture industry with a number of policies, exasperating to stabilize the output and seeking manners to ensure the sector is increasing healthily and sustainably. The Zimbabwe federal government has been greatly supportive of agriculture for decades, and there is wide-ranging political consensus…
Colombia Agriculture Market, Colombia Agriculture Industry, Agriculture Dairy Ma …
Agriculture has always been of excessive importance for the Colombia, as feeding the world’s prime population is not a calm task. The Colombia government has been associating the agriculture industry with a quantity of policies, vexing to stabilise the output and in search of ways to confirm the sector is growing healthily and sustainably. The Colombia federal government has been highly supportive of agriculture for decades, and there is wide-ranging…
Turkey Agriculture Market, Turkey Agriculture Industry, Agriculture Grains Marke …
Turkey’s agricultural economy is among the highest ten within the world, with half of the country consisting of agricultural land and nearly a quarter of the population utilized in agriculture. Turkey is a major producer of wheat, sugar beets, milk, poultry, cotton, tomatoes and different fruits and vegetables, and is that the high producer within the world for apricots and hazelnuts. As inputs to animal feed for its meat and…
