Crop Production Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Crop production is defined as the process of raising crops for domestic and commercial use. Crop production is a vital component of sustainable agriculture, which aims to produce food in a way that does not impose any harm to the environment, biodiversity, and quality of life.

Sizing and Forecast
The crop production market size has grown strongly in recent years. It will grow from $5743.28 billion in 2023 to $6254.37 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%.  The  growth in the historic period can be attributed to traditional farming practices, mechanization, chemical inputs, market liberalization, government subsidies, climate variability.

The crop production market size is expected to see strong growth in the next few years. It will grow to $8570.63 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%.  The growth in the forecast period can be attributed to genetic engineering, climate smart agriculture, alternative protein sources, regenerative agriculture, circular economy models. Major trends in the forecast period include digital farming platforms, biological pest control methods, autonomous farming equipment, artificial intelligence (ai) in crop monitoring, climate-resilient crop varieties.

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Segmentation & Regional Insights
The crop production market covered in this report is segmented –
1) By Type: Grain Farming, Oilseed Farming, Fruit And Nut Farming, Vegetable Farming, General Crop Farming, Greenhouse, Nursery, And Flowers
2) By Farming Process: Organic Farming, Traditional Farming
3) By Application: Food And Beverages, Fodder

Subsegments Covered: Dry Pea And Bean Farming, Wheat Farming, Other Grain Farming, Soybean Farming, Other Oilseed Farming, Orange Groves, Citrus Groves, Noncitrus Fruit And Tree Nut Farming, Chillies and peppers, Potatoes, Lettuce and chicory, Tomatoes, Cauliflowers and broccoli, Onions, All Other vegetables, Tobacco farming, Sugarbeet farming, Sugarcane farming, Cotton farming, Other Miscellaneous Crop Farming, Food Crops Grown Under Cover, Nursery And Floriculture Production

The Asia-Pacific was the largest region in the crop production market in 2023. Western Europe was the second largest region in the crop production market. The regions covered in the crop production market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The growing population is anticipated to drive the expansion of the crop production market in the future. Growing population refers to the increase in the number of people in a population or dispersed group over a particular time period. As the population grows, there is an opportunity for farmers to benefit from economies of scale by producing more crops and selling them at a lower cost per unit. For instance, according to the U.S. Census Bureau’s Vintage 2022, published by the United States Census Bureau, a US-based government agency, the U.S. resident population increased by 0.4%, or 1,256,003, to 333,287,557 in 2022. Therefore, the growing population is driving the growth of the crop production market.

Key Industry Players
Major companies operating in the crop production market report are Sinochem Group, Cargill Incorporated, BASF SE, Wilmar International Ltd., Bunge Limited, Olam Group, Bayer AG, CHS Inc., Nutrien Ltd., Syngenta AG, Agrium Inc., Associated British Foods plc, Corteva Inc., The Monsanto Company, Seaboard Corporation, CF Industries Holdings Inc., Israel Chemicals Ltd., The Amaggi Group, Dole Food Company, J.R. Simplot Company, UPL Limited, Fresh Del Monte Produce Inc., Nufarm Limited, Groupe Roullier, The Scoular Company, Gotham Greens Company, Total Produce plc, Sun World International LLC, Birdsong Peanut Company, Baker Creek Heirloom Seed Company, Yara International ASA, Mosaic Company, Archer Daniels Midland Co., Bangladesh Rural & Advancement Committee

The crop production market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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