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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Organic Farming Market
The Global Organic Farming Market is valued at USD 169,977 million and is projected to grow at a compound annual growth rate (CAGR) of 10.31% over the forecast period, reaching approximately USD 372,657 million by 2032.
Native Grass Seeds Market
The Global Native Grass Seeds Market is valued at USD 9,877 million by 2024 and is projected to grow at a compound annual growth rate (CAGR) of 8.7% over the forecast period, reaching approximately USD 19,251.36 million by 2032.
Agricultural Biologicals Market
The Agricultural Biological Market is poised for substantial growth, with the market size expected to increase from USD 7,797 million in 2024 to USD 15,998.02 million by 2032, reflecting a robust compound annual growth rate (CAGR) of 9.4%.
Complex Fertilizers Market
The global complex fertilizers market is projected to grow from USD 38,807 million in 2024 to USD 60,465.82 million by 2032, registering a compound annual growth rate (CAGR) of 5.7% during the forecast period.
Pesticide Detection Market
The Pesticide Detection market is projected to grow from USD 1888 million in 2024 to an estimated USD 2747.21 million by 2032, with a compound annual growth rate (CAGR) of 4.8% from 2024 to 2032.
Agriculture Adjuvants Market
The Agriculture Adjuvants Market is projected to grow from USD 3,785 million in 2024 to USD 5,987.33 million by 2032, reflecting a compound annual growth rate (CAGR) of 5.90%.
Precision Irrigation Systems Market
The global demand for Precision Irrigation Systems was valued at USD 4251.2 Million in 2023 and is expected to reach USD 9081.7 Million in 2032, growing at a CAGR of 8.80% between 2024 and 2032.
Aquatic Weed Harvester Market
The Aquatic Weed Harvester Market is projected to grow from USD 944.96 million in 2023 to USD 2,138.66 million by 2032, at a compound annual growth rate (CAGR) of 9.50%.
Biopesticides Market
The demand for Biopesticides was valued at USD 7,124.2 Million in 2023 and is expected to reach USD 27,516.3 Million in 2032, growing at a CAGR of 16.20% between 2024 and 2032.
Japan Agricultural Surfactants Market
The Japan agricultural surfactants market is projected to grow from USD 172.14 million in 2023 to an estimated USD 269.34 million by 2032, with a compound annual growth rate (CAGR) of 5.10% from 2024 to 2032.
