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Grain Farming Global Market Report 2021: COVID 19 Impact and Recovery to 2030

·2-min read

Major companies in the grain farming market include ADM; Cargill; Bunge; Agrium Inc and Monsanto Company. The global grain farming market is expected to grow from $1128. 97 billion in 2020 to $1150.

New York, Feb. 09, 2021 (GLOBE NEWSWIRE) -- announces the release of the report "Grain Farming Global Market Report 2021: COVID 19 Impact and Recovery to 2030" -
56 billion in 2021 at a compound annual growth rate (CAGR) of 1.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1463.22 billion in 2025 at a CAGR of 6%.

The grain farming market consists of sales of grains by entities (organizations, sole traders and partnerships) that produce grain crops and grain seeds. Grains include wheat, barley, oats, corn, rice and other grains. These crops are typically grown in open fields and have an annual growth cycle. This market excludes processed grain products such as flour and other products. This market also excludes the proceeds from the captive (internal) consumption of the grains for further processing. The grain farming market is segmented into dry pea and bean farming; wheat farming; and other grain farming.

Asia Pacific was the largest region in the global grain farming market, accounting for 69% of the market in 2020. North America was the second largest region accounting for 9% of the global grain farming market. Middle East was the smallest region in the global grain farming market.

Many chemical companies are offering bio pesticides to control pests, insects and weeds in farmlands. Biological organisms are often called antagonists. They include predators, parasitoids and pathogens. Farmers are using it as an alternative to control pests as they do not cause damage to the crop or plant. Biopesticides are becoming increasingly popular and are safer than traditional chemical pesticides. Biopesticides are derived from natural materials such as animals, plants, bacteria and certain minerals. When compared to chemical pesticides, biopesticides are inherently less harmful and are more target-specific than chemical pesticides.

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