Data Bridge Market Research analyses that the Crop Development and Farming market was valued at 334.07 billion in 2021 and is expected to reach the value of USD 665.66 billion by 2029, at a CAGR of 9.0% during the forecast period of 2022 to 2029.
Market Definition
Growth in crops, plants, or sections of plants is defined as an irreversible increase in size, whereas growth is defined as a continuous change in the shape and function of plants with distinct transitional phases. Crop farming can refer to any business or venture in which an agro-entrepreneur engages in the commercial production of crops. Many people own or lease enormous swaths of agricultural land, while others work in corporate farming to reap the benefits of large-scale crop processing.
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Recent Development
· In 2021, CNH Industrial will launch "AGXTEND," an innovative platform for digital agricultural solutions in Brazil. The organization provides the highest standards at all phases of the crop cycle to benefit all types and profiles of farmers. The customer pays for the service delivered rather than the equipment, and the monitoring and management solutions are based on drone photos and soil diagnosis.
· Bayer Crop science and Prospera will collaborate in April 2020 to help Mexican farmers meet the growing global demand for digital solutions sustainably. The strategic partnership provides vegetable greenhouse growers with data insights and AI for improved results and sustainability.
· For example, in 2019, IBM and Yara International, a global crop nutrition company, collaborated to create a digital farming platform.
Global Crop Development and Farming Market Scope
The crop development and farming market is segmented on the basis of type, application, farming process. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
· Tobacco farming
· Sugar beet farming
· Sugarcane farming
· Cotton farming
· Other miscellaneous crop farming
On the basis of type, the crop development and farming market is segmented into tobacco farming, sugar beet farming, sugarcane farming, cotton farming, and other miscellaneous crop farming.
Application
· Food and Beverages
· Fodder
Based on application, the crop development and farming market is segmented into food and beverages, and fodder.
Farming process
· Organic
· Traditional
The crop development and farming market is also segmented on the basis of farming process. The farming process is segmented into organic farming and traditional farming.
Crop Development and Farming Market Share Analysis
The crop development and farming market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to crop development and farming market.
Some of the major players operating in the crop development and farming market are:
· Dole Food Company, Inc (U.S)
· CropMetrics LLC (US)
· Trimble, Inc. (US)
· CropX inc., (Israel)
· AgSmarts Inc (US)
· AgSense, LLC (US)
· AGCO Corporation (US)
· DICKEY-john (US)
· Ag Leader Technology (U.S)
· Farmers Edge Inc (Canada)
· Geosys Enterprise Solutions Pvt. Ltd. (India)
· Granular Inc (US)
· Gro Intelligence (US)
· Wolkus Technology Solutions Private Limited (India)
· AGEYE Technologies (US)
· OneSoil (Switzerland)
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Crop Development and Farming Market Regional Analysis/Insights
The crop development and farming market is analyzed and market size insights and trends are provided by country, type, application, and farming process, as referenced above.
The countries covered in the Crop Development and Farming market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the crop development and farming market due to rising population levels, increased food demand, the prevalence of vast farmland areas, and the availability of labor at affordable wages. Due to technological advancements, Europe is the second-largest crop development and farming market region. At the same time, the Middle East and Africa are expected to grow during the forecast period of 2022-2029 due to the increasing adoption of advanced farming methods.
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