Global Crop Development and Farming Market, By Type (Tobacco Farming, Sugar beet Farming, Sugarcane Farming, Cotton Farming, Other Miscellaneous Crop Farming), Application (Food and Beverages, Fodder), Farming Process (Organic Farming, Traditional Farming), – Industry Trends and Forecast to 2029.
Market Analysis and Size
Farming has seen significant advancements in farm mechanization, irrigation techniques, and the ease with which credit is available over the years. It currently serves as the backbone of the Indian economy, providing food and raw materials and employment opportunities to a sizable portion of the population. Despite the introduction of industrialization and significant expansion in other industries, agriculture remains a significant contributor to the country's Gross Domestic Product (GDP). It primarily entails growing crops and raising livestock to cultivate food products.
Data Bridge Market Research analyses that the crop development and farming market was valued at 334.07 billion in 2021 and is expected to reach the value of USD 665.66 billion by 2029, at a CAGR of 9.0% during the forecast period of 2022 to 2029.
Market Definition
Growth in crops, plants, or sections of plants is defined as an irreversible increase in size, whereas growth is defined as a continuous change in the shape and function of plants with distinct transitional phases. Crop farming can refer to any business or venture in which an agro-entrepreneur engages in the commercial production of crops. Many people own or lease enormous swaths of agricultural land, while others work in corporate farming to reap the benefits of large-scale crop processing.
Report Scope and Market Segmentation
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Report Metric |
Details |
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Forecast Period |
2022 to 2029 |
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Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2019 - 2014) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Segments Covered |
By Type (Tobacco Farming, Sugarbeet Farming, Sugarcane Farming, Cotton Farming, Other Miscellaneous Crop Farming), Application (Food and Beverages, Fodder), Farming Process (Organic Farming, Traditional Farming), |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America. |
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Market Players Covered |
Dole Food Company, Inc (U.S), CropMetrics LLC (US), Trimble, Inc. (US), CropX inc., (Israel), AgSmarts Inc (US), AgSense, LLC (US), AGCO Corporation (US), DICKEY-john (US), Ag Leader Technology (U.S), Farmers Edge Inc (Canada), Geosys Enterprise Solutions Pvt. Ltd. (India), Granular Inc (US), Gro Intelligence (US), Wolkus Technology Solutions Private Limited (India), AGEYE Technologies (US), OneSoil (Switzerland) |
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Opportunities |
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Crop Development and Farming Market Dynamics
Drivers
- Increase adoption of agricultural policies
Some of the significant and impactful factors that will likely boost the growth of the crop development and farming market include increased adoption of federal agricultural policy programmes in emerging economies, rising levels of food consumption globally along with a growing population, an increase in trade activities such as grain and oilseed export, and the introduction of new and highly advanced technology.
- Rise in the demand for specialty products
Rising demand for genetically modified seeds and rising consumer preferences for organic and specialty products will contribute to the growth of the crop development and farming market over the forecasted timeframe. Furthermore, the market is being driven by an increase in agreements between corporate companies and farmers to supply and produce agricultural products. Aside from that, organic products are considered safer than conventional products because they are not grown with chemically-laden pesticides and are better for the environment.
Opportunity
Organic food items are becoming more popular as people's health consciousness grows. As a result, farmers across the country are shifting to organic farming, creating a positive market outlook. Furthermore, the government is launching many initiatives to improve the country's existing agricultural infrastructure. It also provides financial assistance to farmers for marketing and transportation of farm produce to increase exports. These initiatives are expected to have a significant impact.
Restraints
Lack of skilled labor and technical knowledge and the increasing need for high capital investment will likely act as market restraints for crop development and farming growth in the above-mentioned projected forecast period. Marketing and distribution of new products and increasing workloads will be the biggest and most pressing challenges for market growth.
This crop development and farming market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Crop Development and Farming market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Crop Development and Farming Market
Many countries are experiencing disruptions to their agri-food supply chains as COVID-19 incidences rise worldwide. National trade barriers could significantly impact regions like Africa, which rely heavily on agricultural imports. Domestic production, imports, and storage are commonly used to provide the food industry. To process agricultural outputs, prepare them for human use, and move items from farms to manufacturing facilities and eventually to customers, certain countries rely on a network of manufacturers and distributors. Suppose outbreaks around the world are severe or continue for an extended period. In that case, there will most likely be even more severe disruptions that will reduce food availability in markets over the medium and long term.
Recent Development
- In 2021, CNH Industrial will launch "AGXTEND," an innovative platform for digital agricultural solutions in Brazil. The organization provides the highest standards at all phases of the crop cycle to benefit all types and profiles of farmers. The customer pays for the service delivered rather than the equipment, and the monitoring and management solutions are based on drone photos and soil diagnosis.
- Bayer Crop science and Prospera will collaborate in April 2020 to help Mexican farmers meet the growing global demand for digital solutions sustainably. The strategic partnership provides vegetable greenhouse growers with data insights and AI for improved results and sustainability.
- For example, in 2019, IBM and Yara International, a global crop nutrition company, collaborated to create a digital farming platform.
Global Crop Development and Farming Market Scope
The crop development and farming market is segmented on the basis of type, application, farming process. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Tobacco farming
- Sugar beet farming
- Sugarcane farming
- Cotton farming
- Other miscellaneous crop farming
On the basis of type, the crop development and farming market is segmented into tobacco farming, sugar beet farming, sugarcane farming, cotton farming, and other miscellaneous crop farming.
Application
- Food and Beverages
- Fodder
Based on application, the crop development and farming market is segmented into food and beverages, and fodder.
Farming process
- Organic
- Traditional
The crop development and farming market is also segmented on the basis of farming process. The farming process is segmented into organic farming and traditional farming.
Crop Development and Farming Market Regional Analysis/Insights
The crop development and farming market is analyzed and market size insights and trends are provided by country, type, application, and farming process, as referenced above.
The countries covered in the Crop Development and Farming market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the crop development and farming market due to rising population levels, increased food demand, the prevalence of vast farmland areas, and the availability of labor at affordable wages. Due to technological advancements, Europe is the second-largest crop development and farming market region. At the same time, the Middle East and Africa are expected to grow during the forecast period of 2022-2029 due to the increasing adoption of advanced farming methods.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Crop Development and Farming Market Share Analysis
The crop development and farming market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to crop development and farming market.
Some of the major players operating in the crop development and farming market are:
- Dole Food Company, Inc (U.S)
- CropMetrics LLC (US)
- Trimble, Inc. (US)
- CropX inc., (Israel)
- AgSmarts Inc (US)
- AgSense, LLC (US)
- AGCO Corporation (US)
- DICKEY-john (US)
- Ag Leader Technology (U.S)
- Farmers Edge Inc (Canada)
- Geosys Enterprise Solutions Pvt. Ltd. (India)
- Granular Inc (US)
- Gro Intelligence (US)
- Wolkus Technology Solutions Private Limited (India)
- AGEYE Technologies (US)
- OneSoil (Switzerland)
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