Agriculture Market | Characteristics, Forecast Size, Trends
Posted: Feb 21, 2019
The agriculture market size is expected to reach $1 trillion by 2022, significantly growing at a CAGR of around 5% during the forecast period.
Agriculture Global Market Report 2019 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the global agriculture market.
Where is the largest and fastest growing market for agriculture? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The agriculture market global report from The Business Research Company answers all these questions and many more.
The report covers the global agriculture market characteristics, agriculture market size and growth, agriculture market segmentation, regional and country breakdowns, agriculture market competitive landscape, agriculture market shares, and trends and strategies for the agriculture industry. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider agriculture market, and compares it with other markets.
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Major players in the global agriculture market included in the report are Cargill, Inc., JBS S.A., and Tyson Foods, Inc.
Shortage of labour 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.
With continued technology investment, investments in end user industries and Economic Growth, the scope and potential for the global agriculture market is expected to significantly rise in the forecast period.
segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia Pacific agriculture market accounts the largest share in the global agriculture market.
market size is expected to reach $1 trillion by 2022, significantly growing at a CAGR of around 5% during the forecast period. The growth in the agriculture market is due to low interest rate environment, emerging markets growth and printing inks market and global economic growth.
However, the market for agriculture is expected to face certain restraints from several factors such as weak wage growth in developed economies and reduction in free trade.
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