Press release
Emerging Trends Influencing The Growth Of The Production Agriculture Market: Advancements In Production Agriculture Enhanced Market Growth
Production Agriculture
How Big Is the Production Agriculture Market Size Expected to Be by 2034?
There has been a notable expansion in the dimensions of the agriculture production market in the past few years. Its size is expected to increase from $167.66 billion in 2024 to $179.48 billion in 2025, recording a compound annual growth rate (CAGR) of 7.1%. The augmentation during the historic period can be credited to a rise in environmental apprehensions, enhanced use of contemporary agricultural inputs, a surge in digital connectivity, as well as an increase in transportation, agricultural pests, and diseases.
Strong expansion is projected for the production agriculture market in the coming years, with its worth expected to reach $237.92 billion in 2029, reflecting a compound annual growth rate (CAGR) of 7.3%. This predicted growth during the forecast period can be associated with factors like the mounting urgency to save natural resources, the broadening scope of agricultural trading, alterations in customer preferences, investments and financing, in conjunction with international trade pact. Key trends for the forecast period encompass advancements in analytics and big data, sustainable methodologies and inside farming, use of artificial intelligence and machine learning, genome and biotechnology, and the deployment of CRISPR technology.
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What Are the Emerging Segments Within 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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What Long-Term Drivers Are Shaping Production Agriculture Market Trends?
The escalated uptake of innovative farming practices is anticipated to spur the expansion of the production agriculture market. These modern farming methods, like genetically engineered seeds and organic cultivation approaches, aim to boost overall productivity and sustainability. The demand for higher crop yields, stronger pest and disease resistance, and amplified sustainability are the factors underpinning the growing use of such advanced agricultural practices. By utilizing state-of-the-art technologies like automation in machinery, precision farming tools, and safety surveillance systems, these innovative methods elevate safety levels in production agriculture, mitigate accident risks and boost overall proficiency. As per the US Department of Agriculture data from July 2024, approximately 90% of U.S. corn and cotton fields were sown with genetically engineered seeds - herbicide-resistant corn and insect-resistant cotton in 2024. Furthermore, in May 2024, the Department for Environment, Food, and Rural Affairs, a UK-based governmental body, reported that in 2023, the UK had 498,000 hectares of organically farmed land. Hence, the surging uptake of these advanced farming practices is steering the growth of the production agriculture market.
Who Are the Top Competitors in Key Production Agriculture Market Segments?
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
What Ampoule Bottle Market Trends Are Gaining Traction Across Different Segments?
Major firms in the production agriculture sector are concentrating on creating biological crop protection methods, such as bio fungicides, that boost crop health and sustainability, while also lowering the environmental footprint. A biofungicide is a biological substance that helps manage fungal diseases in plants and is usually obtained from natural organisms or their wastes. As an illustration, FMC India Private Limited, an agricultural science company based in India, introduced ENTAZIA in August 2023. This pioneering biological crop protection compound, comprised of Bacillus subtilis, presents an effective and green remedy for farmers against fungal problems, specifically bacterial leaf blight in rice which has significant effects on productivity and quality. This method supplies a potent and sustainable mechanism for crop protection, concurrently ensuring environmental preservation.
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Which Regions Are Becoming Hubs for Production Agriculture Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Production Agriculture Market?
2. What is the CAGR expected in the Production Agriculture Market?
3. What Are the Key Innovations Transforming the Production Agriculture Industry?
4. Which Region Is Leading the Production Agriculture Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the production agriculture 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.
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