Global Agriculture Market Trends And Strategies Of Major Players In The Agriculture Market 2021-2030
25 Jun, 2021
The agriculture market consists of sales of agriculture and related services by entities (organizations, sole traders and partnerships) that provide agriculture and related services such as animal and crop produce and other support services. 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 market also includes horticulture and aquaculture. This market excludes proceeds from captive (internal) consumption of the agriculture and forest produce for further processing.
Global Agriculture Market Size And Drivers:
The global agriculture market is expected to grow from $9.60 trillion in 2020 to $10.18 trillion in 2021 at a compound annual growth rate (CAGR) of 6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $13.13 trillion in 2025 at a CAGR of 7%. Economic growth is the main driver of the market.
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Trends In The Global Agriculture Market
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. For instance, Energid Citrus Picking Robot System picks an orange every two seconds from a tree, thus enhancing productivity and thereby limiting the need for agricultural labor.
Global Agriculture Market Segments:
The global agriculture market is further segmented based on type, end user and geography.
By Type: Animal Produce, Crop Production, Rural Activities
By End-User: B2B, B2C
Sub segments 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
By Geography: The global agriculture market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global agriculture market, accounting for 57% of the market in 2020.
Read More On The Report For The Global Agriculture Market At:https://www.thebusinessresearchcompany.com/report/agriculture-global-market-report-2020-30-covid-19-impact-and-recovery
Agriculture Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides agriculture market overviews, analyzes and forecasts market size and growth for the global agriculture market, agriculture market share, agriculture market players, agriculture market segments and geographies, agriculture market’s leading competitors’ revenues, profiles and market shares. The agriculture market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.