Baler market is anticipated to grow at a CAGR of 8.5% during the forecast period (2024-2031). The market growth is driven by extensive use in manufacturing and industrial processes for compacting and recycling waste materials generated during production. The growing agricultural and retail sectors also drive the market. A major factor supporting the market growth is the increasing demand for small and compact balers integrating the Internet of Things (IoT) to bolster investments in the baler market.
Indoor farming market is anticipated to grow at a moderate CAGR of 10.2% during the forecast period (2024-2031). The market growth is attributed to the rising demand o fresh food attributing to the rising population globally. The other factors contributing significantly towards industry growth include the rising preferences for sustainable and locally sourced food options.
Electric farm tractor market is anticipated to grow at a CAGR of 10.0% during the forecast period (2024-2031). Electric farm tractors are tractors that use an electric motor to obtain drive as opposed to the conventional internal combustion engine. Electric farm tractors use a series of batteries to generate power and have fewer mechanical parts.
Horticulture lighting market is anticipated to grow at a CAGR of 9.1% during the forecast period (2023-2030). Innovative use of LED lighting enhances nutritious plant growth and can also help lower a farmer's lighting system costs, increasing profitability in many ways.The growing adoption of horticulture lighting with the improving healthier plant growth is the key factor supporting the growth of the market globally.
Agricultural robots market is anticipated to grow at a CAGR of 15.1% during the forecast period (2023-2030). The growing adoption of efficient and flexible robotic systems in agriculture is the key factor supporting the growth of the market globally. Feeding is one of the biggest costs on a dairy farm and, in addition, the most labor-intensive activity after milking. The new feed distribution robot helps to optimize the conversion of the roughage dry matter into milk.
Agricultural Enzymes market is anticipated to grow at a considerable CAGR of 8.25% during the forecast period. Agricultural enzymes are bioactive proteins that are used in place of chemicals to produce and protect food. Organic food is produced without the use of synthetic pesticides, fertilizers, or hormones. Agricultural enzymes can be used to improve the productivity and quality of organic crops without the use of synthetic chemicals.
Alfalfa hay market is anticipated to grow at a considerable CAGR of 5.3% during the forecast period. The increasing demand for quality hay for livestock and the cattle population is a key factor driving the growth of the global alfalfa hay market. The use of alfalfa hay has become critical to animal feed due to its importance for crude protein content. Alfalfa hay enhances the growth and development of animals at a faster rate and improves milk productivity. Thus, dependence on alfalfa hay for animal feed may continue to promote the market demand.
Regenerative agriculture market is anticipated to grow at a considerable CAGR of 14.3% during the forecast period. The growing need to adopt sustainable farming practices to meet global food demand without compromising the mother Earth is a key factor driving the growth of the global regenerative agriculture market. Climate-smart and regenerative agriculture measures are designed to put farmers at the center to improve crop yields and turn farmland and pastures into carbon sinks, reverse forest loss, optimize the use of nitrogen-based fertilizers and rethink global and local supply chains to be more sustainable, reducing waste.
Organic corn market is anticipated to grow at a considerable CAGR during the forecast period. The growth of the market is attributed to factors such as increasing consumer demand for organic and natural products and growing awareness about the benefits of organic food. For instance, according to European Commission, about 61% of Europeans are aware of the organic farming logo. This represents significant awareness about organic products among the people.
Agricultural biological market is anticipated to grow at a significant CAGR of 8.9% during the forecast period. The rising awareness about organic food products is boosting the demand for agricultural biological is increasing across the globe. According to Food and Agriculture Organization of the United Nations (FAO) data, the global sales of organic food and drink reached more than $109 billion in 2019. Organic agriculture is practiced in 187 countries, and 72.3 million hectares of agricultural land were managed organically by at least 3.1 million farmers.
Agriculture crop insurance market is anticipated to grow at a CAGR of 6.1% during the forecast period. The introduction of technologies such as satellites, drones, the Internet of Things (IoT), artificial intelligence, mobile application, and other web-based platforms drives the growth of the agriculture crop insurance market. This is attributed to the fact that these technologies enable detection of diseased crops, prediction of weather, storage of data related to crops & micro-level information about the size & condition of land for harvesting crops.
Feed phytogenics market is anticipated to grow at a significant CAGR of 7.1% during the forecast period. With the increasing antibiotic-free nature of phytogenics and other health-related benefits of phytogenics in animals, the feed phytogenics industry is expected to gain traction during the forecast period. Phytogenics are non-antibiotic feed addictive ingredients produced from plants that are added to cattle feed. An increasing concern associated with the side effects of prolonged chemical feed additives, feed phytogenic is considered an alternative source of nutrition, along with the increasing growth of the livestock industry is expected to fuel the growth of the global feed phytogenic market.
Chelated iron agricultural micronutrients market is anticipated to grow at a CAGR of 6.9% during the forecast period. The rising inclination towards consuming healthy food has resulted in increasing focus on farmers boosting their agriculture productivity by using advanced nutrient ingredients and fertilizers. However, the rapid shift in consumer behavior has also encouraged food manufacturers towards utilizing premium and high-quality supplements in their products to meet the current rising market demand.
The global agricultural grow bags market is anticipated to grow at a significant CAGR of 5.5% during the forecast period. Shift of growers preference from raised beds, plastic pots or traditional garden plots towards grow bags due to their several benefits is contributing to the growth of agricultural grow bags market. Grow bags are easy to store, can be move around, durable, cost-effective some and are biodegradable and environment friendly. Grow bags are easy to store anywhere in the garden, porch or balcony and are usually made of plastic but they can also be found in several breathable fabrics. Due to these added advantages, manufacturers are inclining their efforts in production of grow bags.
The global transgenic seeds market is anticipated to grow at a significant CAGR of around 7.5% during the forecast period. Factor such as increasing awareness of farmers about the increasing toxicity of the agrochemicals and growing strive for yield maximization across the globe is encouraging the farmers to adopt transgenic seeds for better and high yield crops. Moreover, various governments and farmers are targeting initiatives to cultivate transgenic seeds crops for a better future. For instance, in February 2022, Maharashtra farmers belonging to the Shetkari Sanghatana set to re-launch the pro-GM crop movement, from 2019, more than thousands of farmers have been openly sowed and cultivativated the herbicide-tolerant Bt (HTBt) cotton and Bt brinjal.
The global hybrid seeds market is anticipated to grow at a significant CAGR of around 8.5% during the forecast period. Due to changes in dietary supplements, the demand for fresh and frozen vegetables and fruits is been rising, and also consumers today have started paying attention that what type of food they are consuming is good for health are not for overall wellness the demand is been increasing and it is augmented to drive the global hybrid seeds market.
The global market for potash fertilizer is projected to have a considerable CAGR of around 4.6% during the forecast period. Potash is commonly used to describe potassium-containing salts used as fertilizer. As a source of soluble potassium, potash is vital to the agricultural industry as a primary plant nutrient. Potash increases water retention in plants, influences the taste, and improves crop yields, texture, and nutritional value of many plants.
The global crop micronutrients market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Crop micronutrients are termed as the key nutrients essential for the plant’s growth and other metabolic activities.
The global commercial greenhouse market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Several factors such as the rising demand for food owing to the growing population, and climate change.
The global commercial seaweed market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Seaweed is considered as one of the major sources of iodine, which is consumed as food and even as ingredients that add a preservative advantage to the foods owing to its anti-microbial properties.
The global agriculture genomics market is expected to grow at a significant CAGR during the forecast period (2021-2027). The use of genomics solutions for crops can lead to the production of specialized crop types that are disease resistant, drought tolerant, nutritionally enriching, and of high quality.
Global connected agriculture market is expected to grow at a CAGR of 15%. Connected agriculture can be used to solve issues with the help of mobile technology. The need for connected agriculture is increasing, as it develops sustainable methods for farming.
Precision farming software market is expected to grow at a moderate rate during the forecast period 2019-2025. Precision farming software is a tool that allows farmers to manage, leverage and track crop yields and revenues. The farmers can utilize such predictive analytical tools to anticipate the expected crop wastes, yield size and revenues.
Global nylon string trimmer line market is estimated to
grow at a significant rate during the forecast period. Nylon string
trimmer line is used to cut pant leaves, trim garden grass, remove weeds
and other unwanted objects from plants. The string line is equipped in a
garden trimmer, which rotates through the electric motor. Trimmer with
string line is being used for the uneven garden surface.
Biostimulants market is anticipated to grow at a considerable CAGR of 11.2% during the forecast period. The growth is attributed to the increased demand from various end-use applications, such as seed, soil, and foliar treatment. Biostimulants are organic fertilizers that are used to nourish agricultural goods as well as enhance plant growth and output. From seed germination through plant maturity, the product supports plant growth and development.
Micro irrigation systems provide a constant supply of water in the crop
zone and have been proven to provide a higher crop yield and increased
water use efficiency over conventional irrigation methods. Global micro irrigation market
is influenced by increasing micro irrigation techniques in the
agriculture industry. The micro irrigation systems have various
advantages such as minimizing the wastage of water and eliminating soil
erosion, which propels the market growth.
Center Pivot Irrigation System Market is expected to grow at a significant rate during the forecast period 2019-2025. Center pivot irrigation or waterwheel irrigation is a process of irrigating crop irrigation wherein crops are watered by using sprinklers when a machine is rotated around a pivot.