Global Agriculture Global Market Report
Agriculture

Global Agriculture Global Market Report 2024 Market Forecast 2024-2033: Estimated Market Size And Growth Rate

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The agriculture market has experienced robust growth in recent years, with a notable increase from <$13272.75 billion in 2023 to <$14356.23 billion in 2024, reflecting a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period is attributable to factors such as population growth, globalization of trade, government policies, crop protection products, and the influence of climate and weather patterns on agricultural activities, along with rural development programs. Looking ahead to 2028, the agriculture market size is anticipated to continue its upward trajectory, reaching <$19286.79 billion at a CAGR of 7.7%. The forecasted growth is linked to the adoption of sustainable agriculture practices, genetic engineering in crops, organic farming, vertical farming, and solutions addressing global food security concerns. Noteworthy trends in this period encompass precision agriculture technologies, the integration of artificial intelligence in farming, digital marketplaces for agricultural products, utilization of autonomous farming equipment, and the adoption of farm management software.

The world’s population is growing and is expected to reach 10 billion by 2050. An increase in the population creates more demand for food. According to the Agricultural Outlook by the Organization for Economic Co-operation and Development (OECD) and FAO (Food and Agriculture Organization) published, global cereal production was projected to increase by 13% by 2027. Crop production, farming activities, and trade volumes will have to increase to meet the needs of the increased population. Agribusiness companies will increase acquisitions of arable land to increase crop production. Agriculture companies are expected to increase their presence and activities to meet increased demand from farming activities and increase their growth. The market size for agricultural activities in 2023 was significant, and the projection for 2024 indicates further expansion in response to global population growth.

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What Are The Key Trends That Influence Agriculture Global Market Report 2024 Market Share Analysis?

Major companies operating in the agriculture market are developing agriculture drones to collect precise data on crop health, soil conditions, and pest infestations, which helps to strengthen their market position. Agriculture drones are unmanned aerial vehicles (UAVs) used in the agricultural industry to improve crop yields, reduce costs, and increase efficiency. For instance, in July 2023, XAG, a China-based drone service provider, launched the XAG P100 Pro. The XAG P100 Pro is a highly advanced and efficient drone that can help farmers with their agriculture needs. It has a large payload of 50 kilograms, making it a highly productive drone for agriculture. The XAG P100 Pro is a fully autonomous unmanned aerial system that can help farmers with seeding, crop spraying, and fertilization. The drone has a dual-link communication system that ensures stable operation on LAN and in poor network conditions.

Which Market Players Are Driving Growth In The Agriculture Global Market Report 2024 Market?

Major companies operating in the market are Cargill Incorporated, Archer Daniels Midland Co., BASF SE, Wilmar International Ltd., Dow Inc., Olam International, Bayer AG, Tyson Foods, Deere & Company, Nutrien Ltd., WH Group Limited, Yara International ASA, CNH Industrial NV, Kubota Corporation, Syngenta AG, The Mosaic Company, Corteva Inc., The Andersons Inc., Charoen Pokphand Foods PCL, Land O’Lakes Inc., Mahindra & Mahindra Ltd., AGCO Corporation, Wens Foodstuff Group Co. Ltd., FMC Corporation, The Toro Company, Valmont Industries Inc., The Scotts Miracle-Gro Company, Flour Mills of Nigeria, Dairy Farmers of America, Bunge Limited

How Is The Global Agriculture Global Market Report 2024 Market Segmented?

The agriculture market covered in this report is segmented –

1) By Type: Animal Produce, Crop Production, Rural Activities
2) By Nature: Organic, Conventional
3) By Distribution Channel: Supermarkets Or Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels

Subsegments Covered: Milk, Honey, Meat, Wool, Egg, Skin And Hide, Live Animals, Other Animal Produce, Grain Farming, Oilseed Farming, Fruit And Nut Farming, Vegetable Farming, General Crop Farming, Greenhouse, Nursery, And Flowers, Fishing, Hunting And Trapping, Forestry And Logging, Agriculture And Forestry Services

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The Agriculture Global Market Report 2024 Global Market Report 2024 provides an overview of the agriculture global market report 2024market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The agriculture global market report 2024 market forecast analyzes agriculture global market report 2024 market size, agriculture global market report 2024 market share, leading competitor and their market positions.

The Table Of Content For The Agriculture Global Market Report 2024 Market Include

1. Agriculture Global Market Report 2024 Market Executive Summary
2. Agriculture Global Market Report 2024 Market Segments
3. Agriculture Global Market Report 2024 Market Size And Template Market Growth Rate
4.  Key Agriculture Global Market Report 2024 Market Trends
5. Major Agriculture Global Market Report 2024 Market Drivers
……
25. Key Mergers And Acquisitions In The Agriculture Global Market Report 2024 Market
26. Top Agriculture Global Market Report 2024 Companies
27. Agriculture Global Market Report 2024 Market Opportunities And Strategies
28. Agriculture Global Market Report 2024 Market, Conclusions And Recommendations
29. Appendix

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