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BJH 24.07.25

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Industry Focus: Agriculture

The agriculture industry is undergoing transformative changes driven by technological advancements, sustainable practices, and increased demand for food security. GMIPulse provides in-depth insights into the following key markets within the agriculture industry:

Agri Machinery & Tech

The Agri Machinery & Tech industry is the technological revolution of contemporary agriculture, stimulated by increasing world food needs, lack of manpower, and adoption of precision farming. The global agriculture equipment industry was USD 155.7 billion in 2023 and is likely to reach USD 261.7 billion by 2032 with a CAGR of 5.5%, indicating the transition of the sector towards mechanization and intelligent farming solutions.

Our in-depth Agritech Equipment report covers innovative technologies that are transforming agricultural processes. The market for precision farming was worth USD 10.5 billion in 2024 and is expected to expand at a CAGR of 11.5% from 2025 to 2034, as the global population increases and so does the need for increased food production. Smart agriculture market surpassed USD 18.5 billion in 2022 and is expected to register a 12% CAGR from 2023 to 2032, driven by a rising adoption of sophisticated agricultural technologies, such as GPS-guided tractors, drones, and automated technologies.

Agricultural robotics reflects outstanding growth prospects, with the market value for agricultural robots exceeding USD 14.9 billion in 2022 and likely to have 15% CAGR between 2023 and 2032, owing to the increasing need for farm management optimization. The smart crop mobility market was valued at USD 4.3 billion in 2023 and will expand at 13.6% CAGR through 2032, solving severe labor shortages using autonomous tractors and robotic harvesters.

Supporting equipment segments comprise haying and forage machinery worth USD 9.1 billion in 2024 with a CAGR of 4.1%, agriculture fertilizer spreaders worth USD 804.7 million in 2024 with a CAGR of 4.8%, and seed drill machinery worth USD 8.7 billion in 2024. AI incorporation, sensor technologies, and data analytics are improving predictive maintenance, accurate decision-making, and operating efficiency for all equipment types.

Crop Care

The Crop Care market is the fundamental safeguarding base of world agriculture, fueled by growing food security needs, advancing pest resistance issues, and sustainable agriculture shifts. The global crop protection chemicals market was worth USD 91.4 billion in 2023 and is anticipated to reach USD 132.4 billion by 2032, registering a CAGR of 4.2%, reflecting a growing trend of crop care.

Our Agrochemicals report includes key protective solutions revolutionizing crop productivity. The crop protection chemicals market crossed USD 91.4 billion in 2023 and is anticipated to reflect about 4.2% CAGR through 2024 to 2032, supported by increasing agriculture industry demands. The agricultural adjuvants market was worth $3.07 billion in 2023. It's expected to grow by 14.3% each year from 2024 to 2032. This growth is because adjuvants help herbicides, fungicides, and insecticides work better by improving how they mix and are applied.

Pest and disease control insights offer ways to fix farming problems these days. Liquid stuff is really liked, and it made up about 70% of what was sold in 2024 because it's simple to use. Biopesticides should get more popular; the market was at $7.2 billion in 2024 and should be over $20.9 billion by 2034, growing by 11.4% each year. This shows that people are trying to use more earth-friendly pest control.

In 2024, Asia Pacific captured around 29.15% of the market. Central and South America weren't far behind, bringing in more than 32.2% of the money. Cool new things - like spot-on application tech, pest control that does it all, and natural ways to beat bugs - are changing how we keep crops safe. It's all about getting results, being earth-friendly, and playing by the rules.

Seed & Soil

The Seed & Soil market is the key driver of global agriculture, that are stimulated by mounting demands for food security, sustainable agriculture, and technological advancements that promote crop productivity. The Indian economy projected to reach USD 7 trillion by 2030 and USD 10 trillion by 2034, the seed industry is expected to expand to USD 6 billion in the domestic market. The sector also holds the potential to grow further to USD 7 billion, provided there is a strategic focus on achieving USD 1 billion in seed exports. This indicates the pivotal position of quality seeds in solving global issues of food production.

Our in-depth Seed Management review spans wide market segments, revolutionizing agricultural output. The hybrid seeds market was around USD 56 billion in 2023 and is forecasted to grow to USD 109.8 billion by 2032, being pushed by surging adoption of biotechnology and improved yields. The seed treatment market had crossed USD 12.4 billion in 2022 and is expected to witness 12.2% CAGR during 2023-2032 based on the increasing need for quality food grains and increased crop yields. Custom-selected seed market reached USD 2.01 billion in 2023 and is set to increase at a 6.5% CAGR during 2032 based on increasing global vegetable consumption.

Soil care is a growing field that is focused on keeping our farms healthy and productive for the long haul. Last year, the controlled release fertilizer market hit $2.5 billion. Because more people are interested in eco-friendly farming, it's expected to go up by 10.6% every year between now and 2032. Plus, biofertilizers are about to get big. Nitrogen biofertilizers are particularly helpful for making soil better and reducing how much we need to use artificial stuff.

Also, the cover crop seed market is growing since more folks are switching to eco-friendly farming methods, using new tech, and caring more about their soil. Government support for sustainable farming, mainly in North America and Europe, along with better seed coatings and planting tech, is changing how we farm.

GMIPulse offers unparalleled strategic value through its BI-enabled platform. With its customizable and interactive interface, accurate data, and comprehensive market insights, GMIPulse is your essential tool for staying ahead in the competitive professional services market landscape. Subscribe today to unlock the full potential of your market research and strategic planning capabilities.

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