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(MoneyNewsWire.Net, September 18, 2018 ) Crop production industry includes growing crops, plants, vines, or trees and their seeds by establishments such as farms, orchards, groves, greenhouses and nurseries. Crop Production industry in this report is segmented into vegetable farming, grain farming, greenhouse, nursery, and flowers, fruit and nut farming, general crop farming and oilseed farming.
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The global crop production market has been growing in the past years with a CAGR of almost 7%. The year 2017 recorded growth in this market with a net market value more than 23% higher than that of 2013, as per
TBRC’s in-house consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the global crop production market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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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.
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Companies included in the report are Dole Food Company, Inc., Fresh Del Monte Produce Inc., and Del Monte Pacific Limited.
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