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.
Advanced Materials Aerospace & defense Agriculture Automation & Process Control Automotive & Transportation Banking & Financial Services Biotechnology Building & Construction Chemicals Cloud Computing Communications Devices and Infrastructure Consumer Goods Country Reports Cyber Security Data Center & Networking Energy Energy Utilities Food & Beverage Global Reports Healthcare Industrial Goods Industry Updates Information and Communications Technology IoT, Bigdata & Digitalization IT & Telecom Medical Devices Mining, Minerals and Metals Networking and Communications Next-Generation Networking Technologies Oil & Gas Outsourcing Services Packaging Pharmaceuticals Regional Reports Semiconductor & Electronics Software & Solutions Technology & Media Travel & Tourism
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.
Genetically Modified Crops Market
The global GM Crops Market is valued at approximately USD 38,314.23 million and is projected to grow at a compound annual growth rate (CAGR) of 5.6% over the forecast period.
MENA Drip Irrigation Systems Market
The MENA Drip Irrigation Systems Market is projected to grow from USD 306.2 million in 2024 to an estimated USD 1206.73 million by 2032, with a compound annual growth rate (CAGR) of 18.7% from 2024 to 2032.
Nutrient Recycling Market
The Nutrient Recycling Market is projected to grow from USD 5273.82 million in 2024 to an estimated USD 8342.44 million by 2032, with a compound annual growth rate (CAGR) of 5.9% from 2024 to 2032.
Potash Fertilizers Market
The Global Potash Fertilizers Market is valued at approximately USD 33,970.42 million and is projected to grow at a compound annual growth rate (CAGR) of 5.4% over the forecast period, reaching around USD 51,739.93 million by 2032.
Algaculture Market
The Algaculture Market is projected to grow from USD 8764.95 million in 2024 to an estimated USD 14505.95 million by 2032, with a compound annual growth rate (CAGR) of 6.5% from 2024 to 2032.
Cattle Feed Market
The Cattle Feed Market is projected to grow from USD 83379.7 million in 2024 to an estimated USD 113236 million by 2032, with a compound annual growth rate (CAGR) of 3.9% from 2024 to 2032.
Organic Sesame Seed Market
The Global Organic Sesame Seed Market is valued at USD 682.83 million by 2024 and is projected to grow at a compound annual growth rate (CAGR) of 8.3% over the forecast period, reaching approximately USD 1,292.23 million by 2032.
