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Population Growth Fuels Expansion In The Crop Production Market: Strategic Insights Driving Crop Production Market Momentum in 2025
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 Crop Production Market Size By 2025?
In recent years, the market size for crop production has seen significant growth. It is estimated to expand from $5080.17 billion in 2024 to $5452.27 billion in 2025, showing a compound annual growth rate (CAGR) of 7.3%. The historic growth can be credited to conventional farming methods, the use of machinery, chemical inputs, free market principles, subsidies from the government, and fluctuations in climate conditions.
How Big Is the Crop Production Market Size Expected to Grow by 2029?
In the upcoming years, the crop production market is projected to witness robust expansion. Its value will reach $7082.5 billion by 2029, fueled by a compound annual growth rate (CAGR) of 6.8%. The predicted growth during this forecasting period could be a result of factors such as genetic engineering, climate smart agriculture, alternative protein sources, regenerative agriculture, and circular economy models. Notable trends expected throughout this period include the rise of digital farming platforms, the use of biological pest control methods, the implementation of autonomous farming equipment, the application of artificial intelligence (AI) in crop surveillance, and the development of climate-resilient crop varieties.
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Which Key Market Drivers Powering Crop Production Market Expansion and Growth?
The surge in population is expected to fuel the growth of the crop production market in the upcoming years. This increase in population pertains to the rise in the quantity of inhabitants in a certain area or group over a specified duration. As this increase continues, farmers stand to gain from scale economies through augmenting crop production and selling at a reduced cost per unit. For example, as per the Vintage 2022 data published by the U.S. Census Bureau, an agency of the United States government, there was a 0.4% or 1,256,003 increase in the U.S. resident population, reaching 333,287,557 in the year 2022. Hence, the escalating population is a driver for the expansion of the crop production market.
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What Are the Key Trends Driving Crop Production Market Growth?
Leading enterprises in the crop production market are innovating by creating automated harvesters to boost productivity, sustainability, and resilience. These automated harvesters are unmanned devices used in the agricultural sector to increase efficiency and minimize labor expenses. For example, in August 2023, a US agriculture company known as Raven Industries Inc. introduced an autonomous farming solution named Raven Cart Automation. This state-of-the-art technology coordinates the header and velocity of the tractor with those of the combine, thereby enabling more productive and effective grain cart harvesting. This technology is managed via a tablet-based platform, ensuring straightforward control and optimization of grain cart harvest operations.
What Are the Emerging Segments in the Crop Production Market?
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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Who Are the Global Leaders 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
Which are the Top Profitable Regional Markets for the Crop Production Industry?
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.
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