Global Farm-gate Crop Sales Will Reach 68 Billion By 2021
Posted by sainath on June 19th, 2018
The global farm-gate market for crops is worth 59 billion but is growing at 7.3% year on year, so will add 35 billion by 2021 to reach 94 billion, a report from The Business Research Company shows. The growth rate has accelerated from an average of 6.3% a year up to 2016, which allowed the market to grow from 74 billion in 2012 to 90 billion by 2016. Crop market growth would be even higher except that yields of crops like rice and wheat have hit a plateau, which because the supply-side influence on the size of this market is strong, acts as a restraint on growth. Crops account for over 55% of the global agricultural market, which is growing at the slightly slower rate of 6.2% a year.
The supply-side effect on the size of the crop market, like on other agricultural segments, occurs because of its impact on prices. The global appetite for these products, particularly foods, is highly price-elastic. As a result, developments that encourage higher farm output have a significant expansionary effect on the market. New practices such as using sensors for crop management, vertical farming, microbe-enhanced seeds, smart farming and biologics are boosting the size of the market for crops.
Request Sample: https://www.thebusinessresearchcompany.com/sample.aspx?id=653&type=smp
The largest segments of the global crop market are vegetables, worth nearly a third of the total, grains, worth nearly a quarter and greenhouse, nursery and flower products, worth 16%. The other markets are for fruits and nuts, oilseeds and general crops.
.
Asia Pacific accounts for 60% of the global crop market. The next largest region is Africa, worth not much more than a sixth as much. However, Africa’s market is growing slightly faster, at 8.8% against 8.1% a year. China, worth 19% of the total and India, at 6%, are the world’s largest single-country markets for crops.
Crop production is very fragmented with a large number of small players. Some consolidation is taking place: Del Monte Pacific, Cutrale Group, Sumitomo Corporation, Alico, Del Monte Foods and Safra Group are among the groups involved in merger and acquisition activity in recent years.
Where to Learn More
Read Crop Production Market Global Briefing 2018from The Business Research Company for information on the following:
Markets Covered: Vegetable Farming, Grain Farming, Greenhouse, Nursery, And Flowers, Fruit and Nut Farming, General Crop Farming, and Oilseed Farming.
Companies Mentioned: Dole Food Company, Inc., Fresh Del Monte Produce Inc., and Del Monte Pacific Limited
Geographic scope: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Time series: Five years historic and forecast.
Data: Market value in $ billions.
Data segmentations: Regional breakdowns, market share of competitors, key sub segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
About The Business Research Company.
The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.
Contact Information.
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293 Email: info@tbrc.info
