General Crop Farming Global Market Report 2024

The general crop farming market size has grown strongly in recent years. It will grow from $391.16 billion in 2023 to $429.96 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth observed in the historical period can be ascribed to factors such as food security measures, population growth, opportunities for export, advancements in agricultural technologies, and fluctuations in commodity prices.

The general crop farming market size is expected to see strong growth in the next few years. It will grow to $595.04 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The anticipated growth in the forecast period can be linked to various factors, including a focus on sustainability and regenerative agriculture, adaptation to climate change, advancements in crop varieties, the adoption of digital technologies for precision agriculture, and expansion into global markets. Additionally, some noteworthy trends in this forecast period encompass practices such as cover cropping and crop rotation, the promotion of local and small-scale farming, the preference for organic and non-GMO farming, the development of vertical farming methods, and the implementation of smart crop management techniques.

The growth of the general crop farming market in the foreseeable future is expected to be driven by the increasing crop production. Crop production involves the cultivation and nurturing of various crops, which serve multiple purposes, including human and animal consumption, industrial applications, and the provision of raw materials for various industries. General crop farming plays a fundamental role in this process, contributing to the cultivation of healthy, high-yielding, and high-quality crops for both domestic and commercial purposes. As an example, in May 2023, data from Gov.UK, a UK-based public sector information website, revealed that the total crop output reached $14,034.6 million (£13,330 million) in 2022. This represented a significant increase of $2,524.76 million (£2,398 million), marking a 21.9% growth compared to the previous year, highlighting the pivotal role of increasing crop production in fueling the growth of the general crop farming market.

The primary categories within general crop farming comprise tobacco farming, sugar beet farming, sugarcane farming, cotton farming, as well as other variants. Sugar beet farming involves the cultivation of sugar beet plants from seeds, with these seeds being sown in a variety of soil types, spanning from sandy loam to heavy clay. The process starts with the preparation of the seedbed, which entails deep plowing once the previous crop has been collected. Different farming techniques applied include organic general-crop farming, standard farming methods, and traditional farming. These crops find applications in the food and beverage industry and serve as fodder for animals.

The general crop farming market research report is one of a series of new reports that provides general crop farming market statistics, including general crop farming industry global market size, regional shares, competitors with a general crop farming market share, detailed general crop farming market segments, market trends and opportunities, and any further data you may need to thrive in the general crop farming industry. This general crop farming 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.

Anticipated increases in labor costs are expected to drive the growth of the general crop farming market in the future. Labor costs, representing the expenses associated with compensating the workforce for their contributions, hold considerable importance in general crop farming. Labor is instrumental in various agricultural activities, spanning from planting and tending to crops to the crucial phases of harvesting and post-harvest processing. As an illustrative example, data from the United States Department of Agriculture in August 2023, a government agency based in the United States, indicated that the average hourly wages for agricultural managers in 2022 were $27.57. This marked a significant increase of 7.9% from the wages reported in the preceding year, highlighting the role of rising labor costs in propelling the growth of the general crop farming market.

The adoption of microbe-enhanced seeds contributes to enhanced crop production and increased profitability, driven by their capacity to facilitate crop growth in drought conditions. These microorganisms operate in a manner akin to the beneficial bacteria present in the human intestine, residing on the plant's surface and within its tissues. This particular approach, employed for cotton seeds, harnesses the potential of these beneficial plant-associated microbes to foster the growth of cotton plants, all without resorting to genetic modification. Indigo Agriculture, a key player in the agriculture sector, has developed microbe-enhanced cotton, which has already been implemented on 50,000 acres distributed across five states in the southern region of the United States. Monsanto, another prominent agriculture company, has also introduced numerous microbial products.

Prominent companies engaged in the general crop farming market are dedicated to introducing innovative technologies like TYMIRIUM to ensure dependable services for their clientele. TYMIRIUM technology is specifically employed in general crop farming to safeguard a wide array of crops against invisible plant-parasitic nematodes and soil-borne diseases. A case in point is Syngenta AG, a Switzerland-based agricultural science and technology provider, which unveiled TYMIRIUM in August 2022. TYMIRIUM serves as a technology aimed at assisting farmers in boosting crop yields and enhancing crop quality by affording protection against soil-borne diseases. Additionally, this technology plays a pivotal role in preserving soil biodiversity and promoting soil health. The integration of TYMIRIUM technology has been instrumental in elevating efficiency, productivity, and sustainability in the realm of food production.

Major companies operating in the general crop farming market include Associated British Foods PLC, Sinochem International Corporation, Grupo Amaggi, Batu Kawan Berhad, Syngenta AG, KWS Saat SE, Tata Consumer Products Limited, Yuan Longping High-Tech Agriculture Co. Ltd., Menderes Tekstil Sanayi ve Ticaret AS, Seed Co Limited, Cargill Inc., Archer-Daniels-Midland Company, Bunge Limited, Monsanto Company, DowDuPont Inc., Agrium Inc., The Mosaic Company, CNH Industrial N.V., Deere & Company, Kubota Corporation, Pioneer Hi-Bred International Inc., Olam International Ltd., Dole Food Company, Chiquita Brands International, Wilmar International Limited, New Hope Group, COFCO Corporation, ITOCHU Corporation, Wilbur-Ellis Company Inc., Land O'Lakes Inc., J.R. Simplot Company, SunOpta Inc., The Andersons Inc., Calavo Growers Inc., United Phosphorus Limited, FMC Corporation, Nufarm Limited, Israel Chemicals Ltd.

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

The countries covered in the general crop farming 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 general crop farming market consists of revenues earned by entities that produce general crops, hay and grass seeds, tobacco, cotton, shelled groundnuts, sugarcane, sugar beet, fibre crops, tea, coffee, rubber, and other general crops. This market excludes processed general crops such as smoking tobacco products, refined sugar and other processed general crop products. This market also excludes the proceeds from captive (internal) consumption of the general crops 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 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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