The Business Research Company’s latest report Agriculture Global Market Report 2020 covers Agriculture market drivers, Agriculture market trends, Agriculture market segments, Agriculture market growth rate, Agriculture market major players, and Agriculture market size. The report provides in-depth analysis of the impact of COVID-19 on the Agriculture industry, along with revised market numbers due to the effects of the coronavirus.
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The global agriculture market is expected
to decline from $9997 billion in 2019 to $9890 billion in 2020 at a compound
annual growth rate (CAGR) of -1.1%. The decline is mainly due to economic
slowdown across countries owing to the COVID-19 outbreak and the measures to
contain it. The market is then expected to recover and grow at a CAGR of 8%
from 2021 and reach $12168.3 billion in 2023.
The global agriculture market is segmented
by type into animal produce, crop production, rural activities and by end-user
into B2B, B2C. Subsegments covered are milk, honey, meat, wool, egg, skin and
hide, live animals, other animal produce, grain farming, oilseed farming, fruit
and nut farming, vegetable farming, general crop farming, greenhouse, nursery,
and flowers, fishing, hunting and trapping, forestry and logging, agriculture
and forestry support activities.
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