The agricultural equipment market is expanding rapidly all across the globe owing to the automation of the farming segments and introduction of new innovative techniques in farming. Agricultural equipment is a kind of machine used for purpose of farming . It supplements the agricultural functions and agricultural activities thereby enhancing the output and quality of crops.
Agricultural biotechnology is set of scientific methods and tools which can be utilized on plants or living creatures or on both of them concurrently to enhance the output of the crops. It is mainly utilized to change the sequence of genome of agricultural crops which are referred as genetically tailored or transgenic. This has helped manufacturers, peasants and customers with huge crop output and best quality of food.
According to OECD(Organization for Economic Co-operation and Development ), the world agriculture production will increase at an annual rate of 1.5%. The yield of oil seeds and grains is predicted to stay low as the operational and manufacturing costs increase. Cattle production, on the other hand, will remain unchanged/steady, increasing at a minimal rate of 0.5% yearly.
Worldwide technical textiles market volume was evaluated at 143 billion US dollars in year 2014. Growth of automobile sector specifically in the evolving markets of Middle East region, Asia Pacific region and region of Latin America is predicted to drive the growth and expansion of the global technical textiles market. Technical textiles are used for safety, rubber items, floor coverings, balance, insulating items, protective gear and composites in automobiles.
The global market for carotenoids is witnessing steady growth due to rise in demand from end user applications and increasing awareness regarding the health benefits associated with it. The global carotenoids marketing is shifting towards naturally sourced carotenoids. This trend is witnessing tremendous growth mainly in North America and European region. Rising demand for natural colorants is one of the major factors driving the market growth. However, emerging economies offers huge market potential.
Rising population worldwide has resulted into the ever-increasing demand for food products over the period of time. Additionally, growing water scarcity issues coupled with uncertain/unfavorable climatic conditions is another major challenge for the agriculture sector. As a result, people are now turning towards advance farming practices as an effort to overcome these challenges and increase agricultural yield.
The global agricultural and farm machinery market is expected to see a considerable growth through the forecast period with rising farm income and increasing mechanization of farming methods. In addition, improving economic conditions and rising demand for advanced machinery from replacement market are also spurring the demand for agricultural and farm machinery.
Algae are a large group of various organisms from different phylogenetic groups. These organisms represent many taxonomic divisions. As a feedstock, algae are used for a large number of applications and products. Algae are used by humans for wide range of applications such as food, as biofilters to remove nutrients, in production of useful compounds and to remove pollutants from water bodies among others. On commercial scale algae are cultivated for neutraceuticals, chemicals, pharmaceuticals and aquaculture applications.
Smart irrigation refer to advanced irrigation systems that are equipped with sensor networks for real-time monitoring of weather and soil conditions. Sensors are used to monitor various parameters such as soil moisture content, humidity, temperature and others. The irrigation controller then operates water application based upon the sensor data. Rising population worldwide has resulted into the ever-increasing demand for food products over the period of time.
Precision irrigation can be defined as irrigation systems that apply water more accurately as opposed to the traditional irrigation methods and sprinkler systems. These systems are typically used along with a control and management system which is responsible for the amount of water and fertilizers to be applied to crops/plants. The overall system is equipped with various sensors that accumulate data related to the moisture content, evapotranspiration and other crucial parameters.
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Global Agriculture Market Analysis
The production of agriculture across the globe is predicted to expand by nearly about 1.5 percent annually in future as reported by OECD (Organization for Economic Cooperation and Development). The prices of goods are projected to diminish as compared to the year 2011 data. It will average at twenty percent or lesser than that for cereals and thirty percent or lesser than that for meats during the next decade. Owing to growing manufacturing costs, crops comprising oil seeds and coarse grains will display lesser yield. There will be less change in cattle production with per capita income set to increase greater than 0.5 percent every year.
Growing worldwide population is putting enhanced pressure on agriculture sector to fulfill the demand for food. Vital breakthroughs and significant growth in seeds, fertilizers and chemicals has assisted the agriculture industry in satisfying the demand for food. With the global population set to expand by 1.2 billion before the culmination of this decade and regular calorie consumption rising by more than 500 calories per day during the last few years, the intake of food will continue to grow and farmers will become growingly dependent on mechanization and technology to enhance food production. By end of year 2050, there will be more than three billion to be fed owing to which the demand for production of meat will increase by about three fourths and cereal output will have to be improved by one billion tons.
Key Market Sections
The global demand for agricultural devices was predicted to increase at approximately about five percent each year commencing from year 2014 to touch 123 billion dollar mark in future as per the reports provided by a reputed market research firm. Market expansion will be propelled by automation of evolving agriculture market sector. The market growth is predicted to be strong specifically in countries like China and India owing to growing population, fiscal growth and increased consumption of food.
Government investment in agriculture automation to increase crop production will assist growth of the agriculture industry. Many of the best agricultural instrument producers of the world have the headquarters of their business in developed countries. China surpassed USA in year 2009 as number one shipment dealer supplying shipments worth 17 billion dollars.
The global seeds industry was expected to touch 47 billion dollar mark by end of year 2015 as per the reports provided by global market analysts. Growing population along with greater demand for food combined with high standards of farming and utilization of biotechnology in producing seeds are propelling the growth of agriculture industry globally. Breakthroughs, developments and innovations in seed production like biotech crops, hybrid seeds and pest resistant seeds are propelling the demand of agriculture sector worldwide.
Demand for agriculture items like fertilizers is predicted to expand at 3% per year through 2014 to 380 million metric tons as per the reports provided by a reputed market research agency. Under constant stress to create better crops owing to factors such as lower availability of cultivable land area, rising population and high demand of protein products, farmers have become growingly dependant on fertilizers.
Demand for fertilizers is also stimulated by the golf sector developing more golf courses around industrializing countries where middle income groups are increasing. Fertilizer is used by both the professional gardeners as well as domestic gardeners to enhance the health of lawns specifically.
The global pesticide market is predicted to expand, grow and develop again after the economic recession of year 2009. The market evaluated at 45 billion dollars is projected to rally and display some level of development and expansion as reported by a reputed market research firm. But the profits will be shaped by industry maturity and challenging costing practices. Owing to industrial maturity in old markets of North America and Western Europe, these regions are expected to observe under average development in future. On other hand markets of APAC zone are predicted to observe a good level of growth and expansion. Particularly countries like Thailand, Indonesia and China of APAC zone are predicted to witness good pesticide market growth and market expansion. Developing economies which traditionally do not make use of pesticides are not accepting the practice. There is a rising demand for pesticides from many regions of India .
The pesticide market of South America and Central are expected to witness strongest market growth. Brazil which is already surpassing the global average and belonging to the sub continent of South America is expected to record above average growth. Industry growth will also be registered in some Middle East regions and some regions of Africa.
Countries like Ukraine, Russia and Brazil are all set to join (or belong to) the group of the nations like European Union, USA and Australia who are the long standing exporters of agricultural commodities. Factors like limited cultivatable land , changing climate and growing expenditure on equipments and materials like fertilizers are some of the challenges that are faced by agricultural industry.
Today, there is 1.5 billion hectares of cultivable land in the world and it is worth 5 trillion dollars. Lesser direct factors and elements like rules, revenues and rate of interests also affect the growth of the agriculture sector. With 13 billion dollars already invested in agriculture sector or agriculture related industry since year 2007, the market is going to observe enhanced business investment. The agriculture segment is expected to focus on enhancing the production by using scientific methods of production and through technological innovations.