Australia Agribusiness Market Report and Forecast 2024-2032

Australia Agribusiness Market Outlook

The Australia agribusiness market size is projected to grow at a CAGR of 2.68% between 2024 and 2032.

Key Takeaways

• In December 2023, the Department of Agriculture, Fisheries, and Forestry noted that 55% of Australia's land was used for agriculture.

• In 2022, Australia exported agricultural, fish, and forestry goods valued at nearly AU$71 billion, as per the International Trade Administration.

• Mechanization within the agricultural sector has been steadily growing.

Agrichemicals play a significant role in the Australia agribusiness market growth by safeguarding crops against insects, weeds, and diseases, thus promoting healthier plants and minimizing crop losses caused by pests

Agrichemicals, such as fertilisers, pesticides, and herbicides, enhance crop yields and protect plants from pests and diseases. This improves food quality, provides cost efficiency, extends growing seasons, conserves resources like soil fertility, and importantly, bolsters food security by ensuring sufficient food supplies for a growing population.

Modern agricultural machinery increases farm efficiency by reducing labour and time for tasks such as planting and harvesting. This results in higher productivity and precision farming, utilizing GPS technology to optimize resources. Cost savings, timely operations, crop diversification, and improved management of large farms are additional advantages of these tools.

In December 2023, AgriBusiness Connect partnered with Ericsson to explore 5G applications in agriculture, focusing on supply, operations, production, and distribution. The aim was to boost productivity using Ericsson's 5G capabilities, with a target on agribusiness and related sectors, including assistance for processing, packaging, warehousing, and transportation.

Market Segmentation

Australia Agribusiness Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Product

• Grains

• Livestock

• Oilseeds

• Dairy

• Others

Market Breakup by Applications

• Agrichemicals

• Machinery and Equipment

• Breeding

• Seed Businesses

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory 

• Western Australia

• Others

The Australia agribusiness market key players are Australian Agricultural Company Limited, Cargill Australia Ltd., Grain Crop Limited, The North Australian Pastoral Company Pty Limited, Bega Cheese Limited, Saputo Dairy Australia Pty Ltd and Elders Limited among others.

Key Highlights of the Report

Australia Agribusiness Market Report Snapshots

Australia Agribusiness Market Size

Australia Agribusiness Companies