Fruit And Nut Farming Market Characteristics
The fruit and nut farming market consists of sales of fruits and nuts farming by entities (organizations, sole traders and partnerships) that grow and harves fruit and nut farming crops. The market includes sales of the produce of orange groves, other citrus fruit groves, noncitrus fruit and nut farming, apple orchards, grape vineyards, strawberry farming, other berry farming and nut farming.
Competitive Landscape of the Fruit And Nut Farming Market
Major players in the global fruit and nut farming market include Paramount Farming, South Valley Farms, Agriland Farming Co Inc, Farmland Management Services, Braden Farms.
Fruit And Nut Farming Market Size
The fruit and nut farming market size is expected to reach a higher value by 2022, significantly growing at a steady CAGR during the forecast period. The growth in the fruit and nut farming market is due to low interest rate environment, increasing population and global economic growth.
However, the market for fruit and nut farming is expected to face certain restraints from several factors such as weak wage growth in developed economies and reduction in free trade.
Fruit And Nut Farming Market Segmentation
The global fruit and nut farming market is further segmented based on type and geography.
By Type - The fruit and nut farming market is segmented into orange groves, citrus groves, noncitrus fruit and nut farming.
By Geography - The global fruit and nut farming is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia Pacific fruit and nut farming market accounts the largest share in the global fruit and nut farming market.
Trends in the Fruit And Nut Farming 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, is the major trend in the fruit and nut farming market.
Potential Opportunities in the Fruit And Nut Farming Market
With continued technology investment, investments in end user industries and Economic Growth, the scope and potential for the global fruit and nut farming market is expected to significantly rise in the forecast period.