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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Non-Agriculture Smart Irrigation Controllers Market
The Non-Agriculture Smart Irrigation Controllers Market is projected to grow from USD 359.65 million in 2024 to an estimated USD 976.6 million by 2032, with a compound annual growth rate (CAGR) of 13.3% from 2024 to 2032.
Seed Coating Market
The Seed Coating Market is projected to grow from USD 2245 million in 2024 to an estimated USD 4539 million by 2032, with a compound annual growth rate (CAGR) of 9.2% from 2024 to 2032
Soil Moisture Sensors Market
The Soil Moisture Sensor Market is projected to grow from USD 345 million in 2024 to an estimated USD 998 million by 2032, with a compound annual growth rate (CAGR) of 14.2% from 2024 to 2032.
Lambda Cyhalothrin Market
The Lambda Cyhalothrin Market is projected to grow from USD 1,945 million in 2024 to an estimated USD 2,985 million by 2032, with a compound annual growth rate (CAGR) of 5.5% from 2024 to 2032.
Agriculture Sensors Market
The global agriculture sensors market is projected to grow from USD 2,035 million in 2024 to USD 4,792.09 million by 2032, at a compound annual growth rate (CAGR) of 11.3%.
Hay and Forage Rakes Market
The Hay and forage rakes market is expected to grow from USD 1,845.5 million in 2024 to USD 2,430.17 million by 2032, registering a compound annual growth rate (CAGR) of 3.50%.
Soil Stabilization Market
The Soil Stabilization Market is projected to grow from USD 28,815 million in 2024 to USD 42,898.32 million by 2032, at a compound annual growth rate (CAGR) of 5.1%.
Farm Tractors Market
The Farm Tractors Market is projected to grow from USD 70,389.5 million in 2023 to an estimated USD 101,659.43 million by 2032, with a compound annual growth rate (CAGR) of 4.70% from 2024 to 2032.
Controlled-Release Fertilizers Market
The Controlled-Release Fertilizers Market is projected to grow from USD 1,379.5 million in 2024 to USD 2,406.27 million by 2032, achieving a compound annual growth rate (CAGR) of 7.20%.
Oilseeds Market
The Global Oilseed Market is valued at approximately USD 305.1 billion and is projected to grow at a compound annual growth rate (CAGR) of 5% over the forecast period, reaching approximately USD 450.8 billion by 2032.
