(Companies: ADM, Cargill, Bunge, Agrium Inc, Monsanto Company)
Asia Pacific’s grain farming market accounts for the largest share in the global grain farming market.
The grain farming market consists of sales of grains by entities (organizations, sole traders and partnerships) that produce grain crops and grain seeds. Grains include wheat, barley, oats, corn, rice and other grains. These crops are typically grown in open fields and have an annual growth cycle. This market excludes processed grain products such as flour and other products. This market also excludes the proceeds from the captive (internal) consumption of the grains for further processing.
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The grain farming market is expected to reach a value of nearly $2 trillion by 2022, significantly growing at a growth rate of about 7% during the forecast period. The growth in the grain farming market is due to low-interest rate environment, emerging markets growth and global economic growth.
However, the market for grain farming is expected to face certain restraints from several factors such as weak wage growth in developed economies and reduction in free trade.
Many chemical companies are offering biopesticides to control pests, insects, and weeds in farmlands. Biological organisms are often called antagonists. They include predators, parasitoids, and pathogens. Farmers are using it as an alternative to control pests as they do not cause damage to the crop or plant. Biopesticides are becoming increasingly popular and are safer than traditional chemical pesticides, is the major trend in the grain farming market.
Major players in the global grain farming market include ADM, Cargill, Bunge, Agrium Inc, Monsanto Company.
Advanced Micro Devices, Inc. is an American multinational semiconductor company based in Santa Clara, California that develops computer processors and related technologies for business and consumer markets. While initially, it manufactured its own processors, the company later outsourced its manufacturing, a practice known as fabless, after Global Foundries was spun off in 2009. AMD’s main products include microprocessors, motherboard chipsets, embedded processors and graphics processors for servers, workstations, personal computers, and embedded system applications.
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