Agribusiness Market Growth Pushed by Nanobiology, APAC and Americas to 2020
PUNE, India, July 22, 2016 /PRNewswire/ --
The global agribusiness market 2016-2020 report says introduction of trade policies in agribusiness is a key trend for this market with governments of different countries, especially the American and APAC countries, taking many initiatives to improve trade policies by introducing FTAs across geographical boundaries. FTAs reduce barriers on exports and improve trade opportunities. This helps in expanding agribusiness across nations. Nanotechnology applications in global agribusiness are considered the new industrial revolution, and both developed and developing countries are investing in this technology to secure a sizeable market share.
Complete report on agribusiness market spread across 59 pages, analyzing 5 major companies and providing 39 data exhibits now available at http://www.reportsnreports.com/reports/627486-global-agribusiness-market-2016-2020.html.
The analysts forecast the global agribusiness market to grow at a CAGR of 2.6% during the period 2016-2020. According to the agribusiness market report, increasing demand for livestock and dairy products is a key driver for this market. The consumption of meat and dairy products is growing rapidly due to different factors like high disposable income, increasing urbanization, and changing consumption patterns. In China, the demand for pork is likely to increase. In Argentina and Brazil, the demand for beef is expected to grow rapidly in the coming years. By 2030, the consumption of beef is expected to increase by 68 million tons. This will lead to the growth of agribusiness companies involved in core production as well as livestock breeding and feed.
The growth of this market can be accredited to the introduction of biotechnology in agribusiness. Biotechnology can be used to modify the agribusiness products with respect to the nutrition and taste. It enables the natural system of flora and fauna to work more efficiently and ensures the final product contains different types of food values like nutrition and taste. During 2015, the Americas dominated the global agribusiness market by occupying more than 45% of the overall market space. The application and development of new agricultural technologies regarding seeds, crop protection, agricultural equipment, biotechnology, and renewable energies coupled with the introduction of agri-innovation programs will propel growth in the agribusiness market in the Americas during the forecast period.
By 2020, the grains segment will continue its dominance over the agribusiness market globally as the key revenue generator with a market share of more than 37%. Grains can be further classified into wheat, rice, and coarse grains. Of all the types of grains, wheat and rice are considered to be the staple food of millions of people. While wheat and rice enjoy a major share of the grain market, coarse grains are also in high demand from people who prefer gluten-free grains on wheat. Regions such as Africa and Europe are expected to substantial growth in agribusiness market owing to massive efforts to increase the grain production by bringing irrigation to arid lands.
The following companies are the key players in the global agribusiness market: Bayer CropScience, Cargill, DowDuPont, Monsanto, and Syngenta. Other prominent vendors in the market are: Associated British Foods, BrasilAgro, Bunge, Cairo Poultry Company, CHS, LT Foods, Nestlé, and Wilma. Order a copy of Global Agribusiness Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=627486.
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