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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by Applications |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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Australia Agribusiness Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 2.68% between 2024 and 2032.
The market is categorised according to the product, which includes grains, livestock, oilseeds, dairy and others.
The 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.
Based on the application, the market is divided into agrichemicals, machinery and equipment, breeding, and seed businesses.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
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