General crop farming involves of the deals that organization, entities and sole-traders that produce general crops earn from the sales of crops. General crop farming generally includes various establishments involved in growing crops for instance tobacco, sugarcane, hay, cotton, sugar beets, peanuts, herbs, agave, spices and producing hay & grass seeds.
As per analysis, “General Crop Farming Global Market Report 2020-30: Covid 19 Impact and Recovery” the key companies operating in the global general crop farming market include Chiquita; Dole Food Company; Fresh Del Monte Produce; Total Produce PLC; Del Monte Pacific Limited and among others.
Based on type, general crop farming market is segmented as sugar beet farming, cotton farming, tobacco farming, sugarcane farming and others. Based on application, market is segmented as fodder, food & beverages and others. Fodder segment dominates the global market because of rise in consumer demand, industrial farming and industrial livestock production. In addition, based on farming process, market is segmented as traditional farming and organic general crop farming. The organic general crop farming segment is expected to exhibit higher CAGR due to rise in demand for organic food as consumer preference for organic food is growing owing to its health numerous benefits & advantages such as poison-free, nutritional, and tasty food during the forecast period.
Growth in requirement for sustainable agricultural practices and concern of general public over the conservational protection are some of the key factors that are driving the growth of global general crop farming market. Apart from this, economic slowdown across various countries because of COVID-19 outbreak is hindering the growth of the market.
The market growth is significantly owing to the operational rearrangements adopted by various companies and recovering from the Corona-Virus (COVID-19) impact, which had prompted restrictive measures that elaborate remote-working, social-distancing, and closure of business & transportation activities that resulted in the operational challenges. Implementation of microbe-enhanced seeds enhances the crop production and increases the profitability due to its ability to produce a variety of crops in drought conditions. Functioning of microbes is related to that of beneficial bacteria in the human-intestine and is found on the plant surface as well as in the plant parts. Such a treatment of cotton seeds makes use of the favorable microbes that dwell in plants to produce the cotton plant without any genetic modification.
COVID-19 has impacted harmfully on every market. General crop farming industry has declined growth rate as there are strict-lockdown restrictions. Supply chain was disrupted in an exceptional way that decreased the growth rate of the market. On the other hand, with some relaxations around the world, market shares have started to grow at higher rate.
Based on geography, the Asia-Pacific is a leading region in global general crop farming market owing to growth in rural population and increase in government initiatives across the region. The Europe and North-America regions are estimated to witness higher growth rate due to surge in adoption of modern agricultural technology for instance precision farming and plant biotechnology over the forecast period.
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Ankur Gupta, Head Marketing & Communications