Global Agribusiness Market 2016-2020

Outlook of the global agribusiness market

Globally, the demand for food products is increasing as a result of the growing population, change in consumer taste patterns, and rising incomes. As a result, the global market for agribusiness will grow moderately over the next few years and will be positively influenced by the rising significance of bio crops. Growing concerns about the environment will drive the demand for biofuels over the next few years. Biofuels are made from energy crops like wheat, soybean, sugarcane, and corn and provide sustainability of the environment. As a result, governments from different regions of the world, especially APAC and African regions, are trying to reduce the use of conventional fuels. Additionally, farmers are also increasing the usage of biofuel crops and nutrients for maximum yields. This increase in the production of bio-crop fuel due to the rising global demand for biofuels will bolster the global agribusiness market’s growth prospects for the estimated period. According to this market research report, the global agribusiness market will grow moderately at a CAGR of almost 3% by 2020.

The introduction of favorable trade policies will help in the growth of the agribusiness market during the forecast period. Recently, it has been observed that the governments of different countries, especially the American and APAC countries, are taking up initiatives to improve trade policies by introducing favorable FTAs across geographical boundaries. FTA reduces barriers on exports and improves trade opportunities for the countries. As a result, it can be estimated that the implementation of favorable FTAs will help in expanding agribusiness across various nations.

 Competitive landscape and key vendors