World Agriculture Market Analysis and Forecasts 2020-30: COVID-19 Impact and Recovery

Dublin, Nov. 09, 2020 (GLOBE NEWSWIRE) -- 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.

• The market characteristics section of the report defines and explains the market.

• The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the Covid 19 virus and forecasting its recovery.

• Market segmentations break down market into sub markets.

• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of Covid 19 for all regions, key developed countries and major emerging markets.

• Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.

• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

• The agriculture market section of the report gives context. It compares the agriculture market with other segments of the agriculture market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, agriculture indicators comparison.

Scope

Markets Covered:
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.

Companies Mentioned

• Cargill

• JBS S.A.

• Tyson Foods

For more information about this report visit https://www.researchandmarkets.com/r/3xsdca

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