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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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.
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Aquatic Weed Harvester Market
The global aquatic weed harvester market is anticipated to grow at a substantial CAGR of 8.30% in the upcoming years.
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Agricultural Pheromones Market
The market is moderately concentrated, with prominent players present globally. These companies are focusing on innovative product launches and strategic expansion of their operation base through the adoption of a sustainable agricultural solution.
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Wheatgrass Products Market
The global wheatgrass products market is anticipated to grow at a substantial CAGR of 6.10% in the upcoming years. The global Wheatgrass Products industry was estimated to be worth USD 169.4 billion in 2021 and was expected to be worth USD 241.66 billion by 2028.
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Regenerative Agriculture Market
The global regenerative agriculture market is anticipated to grow at a substantial CAGR of 14.10% in the upcoming years.
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Global Liquid Fertilizers Market
The value of the global market for liquid fertilizers was predicted to be around 2.2 billion USD in 2021 and 2.81 billion USD by 2028.
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Oilseeds Market
Global Oilseeds market is expected to witness CAGR of 5.13% during the forecast period. The revenue generated by the global Oilseeds market in 2021 was over USD 274.85 billion and expected to generate revenue worth USD 390.10 billion in 2028.
