
Global Crop Production Market Forecast 2023-2032 – Market Size, Drivers, Trends, And Competitors
The Business Research Company's Crop Production Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
LONDON, GREATER LONDON, UK, December 1, 2023 /EINPresswire.com/ -- The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The global crop production market is witnessing remarkable growth, with the market size surging from $5,271.98 billion in 2022 to $5,813.66 billion in 2023, reflecting a substantial compound annual growth rate (CAGR) of 10.3%. The positive momentum is expected to continue, projecting the market size to reach $8,483.55 billion in 2027, driven by a robust CAGR of 9.9%. As the industry evolves, several key elements contribute to its growth, shaping the future of crop production on a global scale.
Agribots Revolutionizing Crop Production: Meeting Labor Challenges
A pivotal factor fueling the growth of the crop production industry is the increasing demand for agriculture robots, commonly known as agribots. The industry is grappling with a shortage of labor, prompting the adoption of advanced agriculture tools to streamline processes. Agribots are becoming instrumental on farmlands, performing tasks such as pruning, weeding, and pesticide/herbicide spraying. Connected to tractors, these robots contribute to activities like spraying water, seeds, pesticides, nutrients, and even harvesting. An illustrative example is the Energid Citrus Picking Robot System, capable of picking an orange every two seconds, substantially enhancing productivity and minimizing reliance on agricultural labor.
Market Segmentation: Diverse Offerings Catering to Varied Needs
1. Type Segmentation:
• Grain Farming
• Oilseed Farming
• Fruit and Nut Farming
• Vegetable Farming
• General Crop Farming
• Greenhouse, Nursery, and Flowers
2. Farming Process:
• Organic Farming
• Traditional Farming
3. Application:
• Food and Beverages
• Fodder
Regional Landscape: Asia-Pacific Leading the Way
In 2022, the Asia-Pacific region emerged as the largest contributor to the crop production market size. The region's prominence is attributed to dynamic agricultural activities and a significant contribution to the global crop production landscape. As the industry progresses, growth opportunities continue to evolve, with various regions playing crucial roles in shaping the trajectory of the market.
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Driving Growth: Key Drivers and Trends
• Labor Shortage: The global industry grapples with a shortage of labor, propelling the adoption of advanced agriculture tools and agribots to streamline operations.
• Advanced Technology: Incorporation of cutting-edge technologies, such as robotics, precision agriculture, and automation, is driving efficiency and productivity in crop production.
• Increased Demand: Growing demand for crops, both for direct consumption and as fodder for livestock, is a significant driver of the industry's expansion.
Read More On The Crop Production Global Market Report At:
https://www.thebusinessresearchcompany.com/report/crop-production-global-market-report
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Market Characteristics
3. Crop Production Market Trends And Strategies
4. Crop Production Market – Macro Economic Scenario
5. Crop Production Market Size And Growth
……
27. Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Market
29. Market Future Outlook and Potential Analysis
30. Appendix
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