Global Agriculture Market Analysis
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.
Industry Overview
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.
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Microalgae Fertilizers Market
The revenue generated by the global Microalgae Fertilizers market in 2021 was over USD 11.33 million and expected to generate revenue worth USD 22.28 million in 2028.
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Europe Tractor Market
The Europe tractor market has grown steadily in recent years and is predicted to expand at a CAGR of 4.00% between 2023 and 2030.
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Forestry Power Tool Accessories Market
The global forestry power tool accessories market has witnessed rapid growth in recent years and is estimated to grow at a CAGR of 5.1% between 2023 and 2030.
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Smart Irrigation Systems Market
The global smart irrigation systems market has grown steadily in recent years. It is expected to grow at a CAGR of 14.2% between 2023 and 2030.
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Automated Hydroponic Gardening Systems Market
The global automated hydroponic gardening systems market has witnessed rapid growth in recent years and is estimated to grow at a CAGR of 14% between 2023 and 2030. The market was valued at USD 1.9 billion in 2022 and is anticipated to reach USD 4.75 billion in 2030.
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Fertilizer Dispensing Market
The global fertilizer dispensing market has witnessed steady growth in recent years and is expected to continue growing at a CAGR of 3.80% between 2023 and 2030.
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Agricultural and Farm Machinery Market
The global Agricultural and Farm Machinery market is anticipated to grow at a substantial CAGR of 8.50% in the upcoming years.
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Global Agriculture Market
The global agriculture market is anticipated to grow at a substantial CAGR of 9.60% in the upcoming years.
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Global Agricultural Equipment Market
The global agricultural equipment market is anticipated to grow at a substantial CAGR of 11.33% in the upcoming years. The global agricultural equipment industry was estimated to be worth USD 162.3 billion in 2022 and was expected to be worth USD 344.0 billion by 2030.
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Global Agricultural Biotechnology Market
The global agricultural biotechnology market is anticipated to grow at a substantial CAGR of 15.20% in the upcoming years. The global agricultural biotechnology industry was estimated to be worth USD 42.6 billion in 2022 and was expected to be worth USD 114.7 billion by 2030.
