1. Market Research
  2. > Agriculture

Agriculture Industry Overview: Find Statistics and Market Data

  • Currently 3/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
53 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.

The agriculture industry also encompasses the horticulture sector.

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 »

Customer Support

Talk to Sam

+852 5808 2421

3400 Reports
Supply, Demand, Trade
17000 Statistics
Market Size, Supply, Trade
15000 Reports
Supply, Trade, Demand
37000 Statistics
Market Size, Supply, Trade
800 Reports
Supply, Trade, Demand
5600 Statistics
Market Size, Supply, Trade
1600 Reports
Supply, Trade, Demand
5800 Statistics
Market Size, Supply, Trade
1600 Reports
Supply, Trade, Demand
4800 Statistics
Market Size, Supply, Demand
3500 Reports
Supply, Trade, Demand
13000 Statistics
Market Size, Supply, Demand
2100 Reports
Supply, Trade, Demand
7000 Statistics
Market Size, Supply, Trade
1300 Reports
Supply, Trade, Demand
3600 Statistics
Market Size, Supply, Trade
150 Reports
Supply, Demand, Trade
1400 Statistics
Market Size, Supply, Trade
280 Reports
Supply, Demand, Trade
1300 Statistics
Market Size, Supply, Trade
Search in Agriculture Industry (About 161000 reports)
Related markets: Beef, Pollution Control, Milk, Edible Oil, Irrigation, Grains, Cattle, Maize, Wheat, Rice, Soybean, Vegetables, Sugar, Fruits, Cotton, Oilseeds, Chicken

About 13000 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 75 - $ 40000)

Veterinary Pain Management Market by Product, Application, Animal Type, Distribution Channel - Global Forecast to 2023

Veterinary Pain Management Market: Global Forecast until 2023

  • $ 5650
  • Industry report
  • April 2018
  • by MarketsandMarkets

Global veterinary pain management market projected to grow at a CAGR of 8.0%The global veterinary pain management market is projected to reach USD 1.66 billion by 2023 from USD 1.13 billion in 2018, at ...

Distillers Grains Market: Global Forecast until 2023 $ 5650 April 2018

Insect Pest Control Market: Global Forecast until 2023 $ 5650 April 2018

Soil Aerators Market: Global Forecast until 2023 $ 5650 April 2018

Precision Viticulture Market: Global Forecast until 202 ... $ 5650 March 2018

Seed Treatment Market: Global Forecast until 2022 $ 5650 February 2018

Biopesticides Market: Global Forecast until 2022 $ 5650 January 2018

Agricultural Biologicals Market: Global Forecast until ... $ 5650 January 2018

Controlled-Release Fertilizers Market: Global Forecast ... $ 5650 January 2018

AI: Agriculture Market Forecast until 2025 $ 5650 December 2017


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

Make sure you don’t miss any news and follow us on