The Grain Farming Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Grain Farming Global Market Report 2024, The grain farming market size has grown strongly in recent years. It will grow from $1455.37 billion in 2023 to $1585.15 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to mechanization and farm equipment, fertilizer and crop inputs, crop rotation practices, land use and availability, crop insurance programs, labor availability and costs.
The grain farming market size is expected to see strong growth in the next few years. It will grow to $2218.26 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to climate-resilient crops, digital farming platforms, sustainable practices, global food security, promotion of diversified crop rotations. Major trends in the forecast period include precision agriculture technologies, autonomous farming equipment, integration of digital farming platforms, genetically modified (gm) crops, digitalization of supply chain management.
The rising demand for organic food products is expected to propel the growth of the grain farming market going forward. Organic food products are agricultural and food items that are produced by specific organic farming practices by prioritizing environmentally sustainable and natural methods of farming by minimizing the use of synthetic chemicals. Organic food products use grain farming for providing organic grains that are used in various organic food products without synthetic pesticides or chemical fertilizers. For instance, in May 2023, according to Organic Trade Association a US based membership-based business association, the organic food sales in 2021 was 59,149 and this has increased to 61,670 in 2022.Therefore, the rising demand for organic food products is driving the growth of the grain farming market.
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The grain farming market covered in this report is segmented –
1) By Type: Dry Pea And Bean Farming, Wheat Farming, Other Grain Farming
2) By Farming Process: Organic Grain Farming, Traditional Farming
3) By Application: Food And Beverages, Fodder, Other Applications
Major companies operating in the grain farming are focusing on innovating new products, such as grain-surfing robot to provide reliable services to their customers. Grain-surfing robot is widely used in grain farming practices as it helps to reduce food waste and improve crop management in the agricultural industry. For instance, in April 2023, Crover Ltd a UK based provider of an autonomous grain storage monitoring solutions launched grain-surfing robot. Grain-surfing robot is a robot that can monitor the condition of grain stored in warehouses with high-resolution data. This is a unique portable robotic solution that can be used to manage grain storage and monitor grain condition with much more accuracy.
The grain farming market report table of contents includes:
1. Executive Summary
2. Grain Farming Market Characteristics
3. Grain Farming Product/Service Analysis -Product/Service Examples
4. Grain Farming Market Trends And Strategies
5. Grain Farming Market – Macro Economic Scenari
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26. Germany Grain Farming Market
27. France Grain Farming Market
28. Italy Grain Farming Market
29. Spain Grain Farming Market
30. Austria Grain Farming Market
Top Major Players:
- Vilmorin & Cie SA
- Cargill Incorporated
- Archer-Daniels-Midland (ADM)
- Wilmar International Ltd
- Bunge Limited
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