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. For instance, the US leads the world with an investment of $3.7 billion through its National Nanotechnology Initiative (NNI). The US is followed by Japan and the European Union (EU), which have both committed substantial funds with $750 million and $1.2 billion per year respectively.
Technavio’s analysts forecast the global agribusiness market to grow at a CAGR of 2.6% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global agribusiness market for 2016-2020. To calculate the market size, the report has taken into consideration the revenue generated from the total market sales of agribusiness products to retailers, wholesalers, and institutional buyers like restaurants and hotels.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Agribusiness Market 2016-2020
Technavio recognizes the following companies as 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.
Commenting on the report, an analyst from Technavio’s team said: “Introduction of trade policies in agribusiness is a key trend for this market. Governments of different countries, especially the American and APAC countries, are taking many initiatives to improving trade policies by introducing FTAs across geographical boundaries. FTAs reduce barriers on exports and improve trade opportunities. This helps in expanding agribusiness across nations.”
According to the 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.
Further, the report states that changes in land reform legislation is a challenge to market growth. The agribusiness environment will be faced with a few challenges in terms of engagement with the major land reform legislations in many regions like the Americas, including Brazil, Canada, Chile, Mexico, and the US; APAC, including China, India, and Japan; Europe, including Russia, the UK, and Sweden; and ROW including MEA in 2016. The finalization of the Expropriation Bill in South Africa and the introduction of the Regulation of Land Holdings Bill is one of these challenges. The Regulation of Land Holdings Bill proposes land ceilings and the prohibition of agricultural land ownership by foreigners.
Bayer CropScience, Cargill, DowDuPont, Monsanto, Syngenta, Associated British Foods, BrasilAgro, Bunge, Cairo Poultry Company, CHS, LT Foods, Nestlé, Wilma.
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