The agriculture market size has grown strongly in recent years. It will grow from $13,272.75 billion in 2023 to $14,356.23 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The agricultural sector is a crucial component of many countries’ economies, providing food security, employment, and raw materials for various industries.
The increasing demand driven by population growth, needs for sustainable farming practices, and innovations in technology. Countries like China, the U.S., and India dominate, but regions like South America and Southeast Asia are also growing rapidly due to their favorable climates and increasing investments in agriculture.