Agriculture Market To Notice A Stable Grow In Forecasted Period
Posted: Jan 11, 2019
The Business Research Company’s global agriculture, covers the year-on-year growth of the global agriculture historic and forecast growth. It also includes chapters on the agriculture trends, geographical analysis, and competitive landscape.
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The global agriculture market is forecast to grow at a CAGR (compound annual growth rate) of around 5 % to 2022.
Shortage of labor and increasing demand for advanced agriculture tools in many countries is driving the demand for agriculture robots or agribots. Agribots are used in farmlands for pruning, weeding and spraying pesticides and herbicides. They are connected to tractors for spraying water, seeds, pesticides, nutrients and harvesting.
World population is growing and is expected to reach 10 billion by 2050xviii. Increase in population creates more demand for food. Crop production, farming activities and trade volumes will have to increase in order to meet increased population. Agriculture companies will increase acquisitions in arable land to increase crop productions. Agriculture companies are expected to increase their presence and activities to meet increased demand from farming activities.
The global agriculture is primarily driven by emerging markets growth and low interest rate environment
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The global agriculture market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With increasing in population and positive economic growth the global agriculture market is expected to increase in potential and scope. TBRC’s report also covers the global agriculture market report drivers and restraints in the market.
The global agriculture market segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global agriculture report are Cargill, JBS S.A., Tyson Foods
Agriculture involves the cultivation of plants, and animal and bird rearing for food, fabrics, fibers, bio-fuel, medicinal and other products used to sustain and enhance human life. This industry also includes horticulture and aquaculture.
Some of the major companies covered are Cargill Inc., JBS S.A. and Tyson Foods, Inc. Cargill Inc. was the largest competitor in the agriculture market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Agriculture market is segmented into crop production, animal produce and rural activities.
Crop Production subsector grow crops mainly for food and fiber. The subsector comprises establishments, such as farms, orchards, groves, greenhouses, and nurseries, primarily engaged in growing crops, plants, vines, or trees and their seeds.
Animal Produce subsector raise or fatten animals for the sale of animals or animal products and/or raise aquatic plants and animals in controlled or selected aquatic environments for the sale of aquatic plants, animals, or their products.
Rural Activities include forestry, logging, fishing, hunting trapping and other forestry support activities.
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