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Global Agriculture Industry Outlook worth $227.1 billion by 2029 - Exclusive Report by MarketsandMarkets™

industry Eurfins Scientific (Luxembourg), and Illumina Inc. (US) are leading the charge. In the connected space IBM (US), AT&T (US), and Microsoft (US) are leveraging their expertise in technology to offer premium agricultural services. For organic agricultural production, Syngenta (Switzerland), UPL (India), BASF SE (Germany), Bayer AG (Germany), and Marrone Bio Innovation, Inc. (US) are at the forefront. Additionally, in plant breeding and CRISPR Plants technologies companies such as Corteva, Inc. (US), BASF SE (Germany), and Bayer AG (Germany), are leading the charge by offering biotechnological and conventional methods of plant breeding to obtain desirable agriculture outputs. The agricultural landscape is poised for a dynamic transformation driven by continuous investment in innovative technologies and product development. It is expected to see a growing focus on expanding access to these advancements in developing nations. This global effort will be instrumental in achieving sustainable yield improvements and ensuring food security for all.

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North America currently reigns supreme as the largest agricultural market, while Asia Pacific is surging ahead in terms of growth rate.

North America currently holds the crown for the largest market owing to its well-established infrastructure, government support for large-scale farms, and a robust agribusiness sector. The US reigns supreme within the region, leveraging its vast fertile land, diverse climate, and heavy investments in research and development.

However, the Asia Pacific region is rapidly rising as an agricultural powerhouse. Soaring population particularly in China and India, are creating an immense and ever-growing demand for food. Many Asian governments are strategically investing in agricultural modernization through infrastructure development, irrigation projects, and technology adoption. AgTech solutions like precision agriculture and vertical farming are gaining traction as they promise improved yields and resource management. China and India are leading the charge in this region, with China being a major producer of rice, wheat, and vegetables, and India a significant producer of rice, wheat, and cotton. Other countries like Vietnam, Thailand, and Indonesia are also experiencing significant agricultural growth.

Investment is pouring into both regions, but with distinct focuses. North America is looking to maintain and expand its existing edge through further optimization of production with advanced technologies and infrastructure. In contrast, Asia Pacific is directing its investments towards building modern infrastructure, developing cold chain logistics to reduce spoilage, and promoting the adoption of AgTech solutions. Sustainability is also becoming a growing concern, with investments flowing towards practices that minimize environmental impact.

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