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.
The global agriculture market was valued at around $12 trillion in 2017. Asia Pacific was the largest region in the agriculture market in 2017, accounting for nearly 55% market share. China was the largest country in the market in 2017, accounting for nearly 20% market share.
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.
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.