1. Market Research
  2. > Agriculture

Agriculture Industry Overview: Find Statistics and Market Data

  • Currently 4/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
26 votes

Global Agriculture Industry

World agricultural production is expected to grow nearly 1.5% yearly in the next few years, according to the Organization for Economic Co-operation and Development (OECD). Commodity prices are expected to decline from 2011 figures but will average at 20% or less for cereals and 30% or less for meats over the next decade. Due to rising production costs, crops including coarse grains and oil seeds, will see lower output. There will be little change in livestock production, with per capita set to rise more than 0.5% per year.

Rising global population is putting increased pressure on the agriculture industry to meet food demand. Important developments in fertilizers, chemicals and seeds have been key in helping the sector rise to the challenge. With the world population set to grow by 1.2 billion before the end of the decade, and daily caloric intake growing by over 500 calories a day over the past few decades, food consumption continues to climb and farmers are increasingly reliant on technology and mechanization to speed up output. By 2050, there will be 3 billion more people to feed, by which time meat production demand will grow almost 75% and cereal production will have to increase by 1 billion tons.

Agriculture Key Market Segments

Worldwide demand for agricultural equipment is expected to grow at close to 5% per year through 2014 to reach $123 billion, according to Freedonia. Market growth will be fuelled by mechanization of emerging market agricultural industries. Expansion will be particularly strong in India and China due to economic growth, large populations and growing food consumption. Government investment in agriculture mechanization to improve crops will aid market growth. Most of the world’s top agricultural equipment manufacturers are headquartered in developed nations. China outpaced the US in 2009 as the world’s number-one supplier, making $17 billion worth of shipments.

The world seeds market is predicted to reach $47 billion by 2015, reports Global Industry Analysts. Rising population with higher food demand coupled with higher farming standards and biotechnology in growing seeds are fuelling the agriculture sector. Developments in seed production such as hybrid seeds, pest-resistant seeds and biotech crops are fuelling demand.

Demand for agricultural products such as fertilizers is expected to grow at 3% a year though 2014 to 380 million metric tons, according to Freedonia. Under pressure to produce better crops due to the declining surface of arable land available, growing population and high-protein products demand, farmers are increasingly reliant on fertilizers. Demand is also driven by the golf industry, which is building more golf courses across industrializing nations where middle-class incomes are rising. Fertilizer is used by both domestic and professional gardeners to improve lawn health in particular.

The world pesticide industry is expected to pick up again after the low of 2009. The industry, worth $45 billion, is forecast to rally and show some degree of growth, according to Freedonia. However, profit will be tempered by market maturity and challenging pricing practices. Due to market maturity in older markets such as Western Europe and North America, these regions will likely see under-average growth in the years to come. Asia-Pacific on the other hand is expected to see a good degree of market expansion, especially in Indonesia, China and Thailand. Developing countries that traditionally did not use pesticide are not adopting the practice, growing demand in places such as India.

Central and South America comprise the region expected to see the strongest growth. Brazil is predicted to register above regional average growth, which is already outpacing the world average. Growth will also be recorded in some regions of the Middle East and in Africa.

Read more ยป

Share
24/7 Customer Support

Talk to Sam

+1 646 893 5945

1-10 of about 176000 reports

Global Agriculture Industry

  • September 2017
    49 pages
  • Agriculture  

  • World  

    Africa  

    Asia  

View report >

Agriculture Trade in the US

  • October 2017
    6 pages
  • Wheat  

    Peanut  

    Agriculture  

  • United States  

    North America  

View report >

Agriculture Industry in Europe and Norway

  • October 2017
    5 pages
  • Agriculture  

  • Europe  

    Norway  

    World  

View report >

Agriculture Industry in Cambodia and Asia

  • March 2017
    196 pages
  • Cambodia  

    Asia  

    World  

View report >

Agriculture Industry in Japan and Vietnam - Forecast

  • August 2017
    13 pages
  • Agriculture  

  • Japan  

    Vietnam  

    Asia  

View report >

Agriculture Industry in France

  • February 2017
    100 pages
  • France  

View report >

Agriculture Industry in Germany

  • March 2017
    8 pages
  • Agriculture  

  • Germany  

View report >

Agriculture Industry in Italy

  • July 2017
    33 pages
  • Wheat  

    Grains  

    Agriculture  

  • Italy  

View report >

Agriculture Industry in the UK

  • October 2017
    21 pages
  • Agriculture  

  • United Kingdom  

    United States  

    Europe  

View report >

Agriculture Industry in Canada and North America

  • September 2017
    186 pages
  • Agriculture  

  • Canada  

    North America  

    United States  

View report >

Search in Agriculture Industry (About 176000 reports)
Related markets: Pollution Control, Milk, Edible Oil, Spice, Palm Oil, Grains, Maize, Wheat, Cattle, Rice, Soybean, Sugar, Vegetables, Fruits, Beef, Cotton, Pork

About 14000 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 75 - $ 21989)

World Prepared Animal Feed Markets to 2021

  • $ 26587
  • Industry report
  • August 2017
  • by Global Research & Data Services

The report package World Prepared Animal Feed Markets to 2021 offers the most up-to-date industry data on the actual market situation, and future outlook for prepared animal feeds in the world. Along with ...

World Dried Vegetable Market To 2021 - Market Size, Dev ...

February 2017 $ 25390

World Cereal Meal And Groat Markets To 2021

August 2017 $ 24991

World Rice Markets To 2021

August 2017 $ 24991

World Cereal Flour Markets To 2021

August 2017 $ 24991

World Grain Mill Product Markets To 2021

August 2017 $ 24991

World Agricultural And Forestry Machinery Market To 202 ...

April 2017 $ 24725

World Agricultural And Forestry Tractor Market To 2021 ...

April 2017 $ 24725

World Harvesting And Threshing Machinery Market To 2021 ...

April 2017 $ 24725

World Sugar Markets To 2021

September 2017 $ 22065

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.