Crop Production Global Market Report 2024

The crop production market size has grown strongly in recent years. It will grow from $5743.28 billion in 2023 to $6254.37 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth observed in the historical period can be ascribed to traditional farming practices, the introduction of mechanization, the use of chemical inputs, market liberalization, government subsidies, and the impact of climate variability.

The crop production market size is expected to see strong growth in the next few years. It will grow to $8570.63 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The anticipated growth in the forecast period can be attributed to advancements in genetic engineering, the adoption of climate-smart agriculture practices, the exploration of alternative protein sources, the promotion of regenerative agriculture, and the implementation of circular economy models. Significant trends expected in the forecast period encompass the utilization of digital farming platforms, the application of biological pest control methods, the integration of autonomous farming equipment, and the incorporation of artificial intelligence (AI) in crop monitoring, along with the development of climate-resilient crop varieties.

The future expansion of the crop production market is expected to be driven by the increasing global population. The term "growing population" denotes the rise in the number of individuals within a population or dispersed group over a specific time frame. With population growth comes the opportunity for farmers to capitalize on economies of scale, producing more crops and potentially selling them at a lower cost per unit. An example of this trend can be observed in the data from the U.S. Census Bureau's Vintage 2022, indicating a 0.4% increase, or 1,256,003 individuals, in the U.S. resident population to reach 333,287,557 in 2022. Consequently, the expanding population serves as a driving force behind the growth of the crop production market.

The future growth of the crop production market is also expected to be influenced by government initiatives. These initiatives encompass significant acts or statements made by governmental bodies to address specific issues or solve problems. Government initiatives related to crop production aim to enhance agricultural productivity, sustainability, and resilience. As an illustration, in April 2023, the United States Department of Agriculture (USDA) launched the Partnerships for Climate-Smart Commodities program, investing over $3.1 billion in 141 projects. Notably, these projects emphasize the meaningful involvement of small and underserved producers. Thus, government initiatives play a crucial role in propelling the growth of the crop production market.

Major companies in the crop production market are focusing on the development of automated harvesters. These unmanned machines are designed to enhance efficiency and reduce labor costs in agriculture. A case in point is Raven Industries Inc., a U.S.-based agriculture company that introduced Raven Cart Automation in August 2023. This autonomous farming technology synchronizes the tractor's heading and speed with that of the combine, facilitating more efficient and productive grain cart harvest operations. The technology is user-friendly, controlled through a tablet-based platform, enabling easy management and optimization of grain cart harvest operations.

Major players in the crop production market are investing in agrirobots such as SentiV to improve productivity, sustainability, and resilience. SentiV, an AI-powered scouting robot, serves as a crop inspector, highlighting variability within field crop plots and identifying potential threats. In January 2023, Meropy, a France-based agricultural machinery manufacturer, introduced SentiV as a significant advancement in autonomous agriculture. Equipped with sensors and cameras, SentiV can analyze up to 20 hectares of croplands per day, efficiently detecting harvest threats such as pests, diseases, and weed damage. This innovation is poised to revolutionize traditional farming practices, providing farmers with a more efficient and targeted approach to crop monitoring.

Major companies operating in the crop production market report are Sinochem Group, Cargill Incorporated, BASF SE, Wilmar International Ltd., Bunge Limited, Olam Group, Bayer AG, CHS Inc., Nutrien Ltd., Syngenta AG, Agrium Inc., Associated British Foods PLC, Corteva Inc., The Monsanto Company, Seaboard Corporation, CF Industries Holdings Inc., Israel Chemicals Ltd., The Amaggi Group, Dole Food Company, J.R. Simplot Company, UPL Limited, Fresh Del Monte Produce Inc., Nufarm Limited, Groupe Roullier, The Scoular Company, Gotham Greens Company, Total Produce PLC, Sun World International LLC, Birdsong Peanut Company, Baker Creek Heirloom Seed Company, Yara International ASA, Mosaic Company, Archer Daniels Midland Co., Bangladesh Rural & Advancement Committee.

The Asia-Pacific was the largest region in the crop production market in 2023. Western Europe was the second largest region in the crop production market. The regions covered in the crop production market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the crop production market report are Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa. The crop production market consists of revenues earned by entities that produce crops including farms, market gardens, and nurseries, primarily engaged in growing crops, plants, vines, or trees and their seeds. This market includes crop sales from mixed farms (e.g. cash crops and livestock together in the same farms). This market excludes processed crop grain products such as flour and other products. This market also excludes the proceeds from the captive (internal) consumption of the crop produce for further processing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.


The primary categories of crop production encompass grain farming, oilseed farming, fruit and nut farming, vegetable farming, general crop farming, greenhouse and nursery activities, as well as flower cultivation. A location where plants are cultivated for transplanting, for use as stock in budding and grafting, or for commercial sale is known as a greenhouse or nursery. The farming methods employed include organic farming and traditional farming. The diverse applications of crop production span food, beverages, and fodder.

The crop production market research report is one of a series of new reports that provides crop production market statistics, including crop production industry global market size, regional shares, competitors with a crop production market share, detailed crop production market segments, market trends and opportunities, and any further data you may need to thrive in the crop production industry. This crop production market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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