agriculture-market

Global Agriculture Market Size, Segmentation, Opportunities, Trends, Growth and Industry Forecast To 2020

14 Mar 2016 Format PDF icon PPT icon XLS icon Request Sample

According to OECD (Organization for Economic Co-operation and Development), the world agriculture production will increase at an annual rate of 1.5%. The yield of oil seeds and grains is predicted to stay low as the operational and manufacturing costs increase. Cattle production, on the other hand, will remain unchangedor steady, increasing at a minimal rate of 0.5% yearly.

However, agriculture sector faces major challenges from the growing population which is projected to reach figure of one billion by the end of year 2020. High demand for food and its products can only be met by usingor implementing advanced and modern farming techniques to increase the agricultural crop production. this will help to reduce the number of deaths occurring due to malnutrition and hunger.

Market experts are of the view that increase in calorie intake of the people all across the globe has boosted the demand for high quality of food & agriculture production and its related food as well as agricultural products in various parts of the world. These needs are fulfilled due to new scientific discoveries and inventions made in the field of fertilizer and chemical industry as well as breakthrough in use of modern techniques of seed engineering, , hybridization techniques , genetic engineering and DNA mapping of different cereals and food products. Also a lot of scientific research , trials and experimentation is currently going on in agriculture to take increase food production of cereals and crops to fulfillor matchor satisfy the food requirements of the increasing population of the world.

Farmers and peasants all across the globe are adoptingor using new and unique or modernized techniques of farming to acquire or get optimum yield of crops and cereals using minimum effort with less time consumption. Utility of modern farming techniques are rapidly growing in Israel, China, Brazil ,India and in several other regions of Africa and Asia.

As per the market research, India and china are going to dominate agriculture marketor sector in years to come.

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