DUBLIN, Nov. 19, 2020 /PRNewsCentre/ — The "Agriculture Global Market Report 2020-30: COVID-19 Impact and Recovery" report has been added to ResearchAndMarkets.com’s offering.
Asia Pacific was the largest region in the global agriculture market, accounting for 57% of the market in 2019. South America was the second largest region accounting for 12% of the global agriculture market. Middle East was the smallest region in the global agriculture market.
Shortage of labor and increasing demand for advanced agriculture tools in many countries is driving the demand for agriculture robots or agribots. Agribots are used in farmlands for pruning, weeding and spraying pesticides and herbicides. They are connected to tractors for spraying water, seeds, pesticides, nutrients and harvesting. For instance, Energid Citrus Picking Robot System picks an orange every two seconds from a tree, thus enhancing productivity and thereby limiting the need for agricultural labor.
The agriculture market consists of sales of animal and crop produce and other support services by entities (organizations, sole traders and partnerships) that produce animal produce, crops and rural activities. Agriculture involves the cultivation of plants, and animal and bird rearing for food, fabrics, fibres, bio-fuel, medicinal and other products used to sustain and enhance human life. This market also includes horticulture and aquaculture. This market excludes proceeds from captive (internal) consumption of the agriculture and forest produce for further processing.
The global agriculture market is expected to decline from $9997 billion in 2019 to $9890 billion in 2020 at a compound annual growth rate (CAGR) of -1.1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $12168.3 billion in 2023.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider agriculture market, and compares it with other markets.
1) By Type: Animal Produce; Crop Production; Rural Activities
2) By End-User: B2B; B2C
Subsegments Covered: Milk; Honey; Meat; Wool; Egg; Skin And Hide; Live Animals; Other Animal Produce; Grain Farming; Oilseed Farming; Fruit And Nut Farming; Vegetable Farming; General Crop Farming; Greenhouse, Nursery, And Flowers; Fishing, Hunting And Trapping; Forestry And Logging; Agriculture And Forestry Support Activities
Companies Mentioned: Cargill; JBS S.A.; Tyson Foods
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, agriculture indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
For more information about this report visit https://www.researchandmarkets.com/r/kwe6vy
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SOURCE: Research and Markets