NEW YORK, Jan. 17, 2023 /PRNewswire/ — According to Technavio, the Argentina agriculture market size is estimated to grow by USD 19.26 billion from 2022 to 2027. The market is expected to grow at a CAGR of 5.2% during the forecast period. Moreover, the growth momentum will accelerate.
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Agriculture market in Argentina – Five forces
The Agriculture market in Argentina is concentrated, and the five forces analysis covers –
Bargaining power of buyers
The threat of new entrants
Threat of rivalry
Bargaining power of suppliers
Threat of substitutes
For an interpretation of Porter’s five forces model – buy the report!
Agriculture market in Argentina – Customer landscape
The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Agriculture market in Argentina – Segmentation assessment
Segment overview
Technavio has segmented the market based on type (conventional and organic) and crop type (soya bean, maize, wheat, and others).
The soya bean segment will grow at a significant rate during the forecast period. Argentina is one of the biggest producers and exporters of soya beans across Latin America. According to the data published by the United States Department of Agriculture (USDA), the production of soya beans in Argentina in the fiscal year 2021-2022 was 49.5 million metric tons. The production of crops such as soya beans is increasing in the country owing to the rise in demand for soya beans and soy-based items. Moreover, the vegan population in Argentina is increasing due to rising health awareness and the demand for nutritious diets. Several manufacturers are launching soy-based food items. Such factors will drive the growth of this segment during the forecast period.
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Agriculture market in Argentina – Market dynamics
Key factor driving market growth
The high growth potential of agricultural exports is driving the growth of the agricultural market in Argentina.
Coffee and soy-based crops play a key role in the country’s agriculture market.
The US is one of the exporters of agricultural machinery and technology to the poultry industry in Argentina.
These factors will fuel the growth of the market during the forecast period.
Leading trends influencing the market
Robots in agriculture are a key trend in the agriculture market in Argentina.
Robots are equipped with specialized tools and accessories to perform tasks accurately. They can harvest efficiently with the help of an automatic harvesting system.
Mobile robots help conserve moisture in soil and plants. Automated robot controls help farmers take care of their crops and protect them from insects.
Robots can operate for longer periods of time and provide accurate responses. They can help detect water status and monitor crop levels, crop development, and crop composition.
In addition, they allow precise control of sowing and harvesting in agricultural fields.
These factors are expected to support the growth of the market during the forecast period.
Major challenges hindering the market growth
The declining availability of farmland is challenging the growth of the agriculture market in Argentina.
Arable land refers to the land that can be plowed for planting and growing crops.
In recent years, the amount of land used for growing crops in Argentina has declined rapidly due to factors such as industrialization, urbanization, and energy demand.
Moreover, soil erosion and pollution have reduced the quality of agricultural land and the ability to grow crops, which has also contributed to land loss.
These factors are expected to challenge the growth of the agriculture market in Argentina during the forecast period.
Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find some insights from a sample report!
What are the key data covered in this Argentina agriculture market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the agriculture market in Argentina between 2023 and 2027
Precise estimation of the size of the agriculture market in Argentina and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
A thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of the Argentina agriculture market vendors
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Argentina Agriculture Market Scope
Report Coverage
Details
Page number
114
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 5.2%
Market growth 2023-2027
USD 19.26 billion
Market structure
Concentrated
YoY growth 2022-2023 (%)
4.75
Competitive landscape
Leading vendors, market positioning of vendors, competitive strategies, and industry risks
Key companies profiled
Afimilk Ltd., Bayer AG, Deere and Co., DeLaval International AB, GEA Group AG, Groupe Roullier, Molinos agro SA, Topcon Corp., Sumitomo Corp., and Trimble Inc.
Market dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
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Table of contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
4 Historic Market Size
4.1 Agriculture market in Argentina 2017 – 2021
4.2 Crop type Segment Analysis 2017 – 2021
4.3 Type Segment Analysis 2017 – 2021
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Crop Type
6.1 Market segments
6.2 Comparison by Crop Type
6.3 Soya bean – Market size and forecast 2022-2027
6.4 Maize – Market size and forecast 2022-2027
6.5 Wheat – Market size and forecast 2022-2027
6.6 Others – Market size and forecast 2022-2027
6.7 Market opportunity by Crop Type
7 Market Segmentation by Type
7.1 Market segments
7.2 Comparison by Type
7.3 Conventional – Market size and forecast 2022-2027
7.4 Organic – Market size and forecast 2022-2027
7.5 Market opportunity by Type
8 Customer Landscape
8.1 Customer landscape overview
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
9.4 Market trends
10 Vendor Landscape
10.1 Overview
10.2 Vendor landscape
10.3 Landscape disruption
10.4 Industry risks
11 Vendor Analysis
11.1 Vendors covered
11.2 Market positioning of vendors
11.3 Afimilk Ltd.
11.4 Bayer AG
11.5 Deere and Co.
11.6 DeLaval International AB
11.7 GEA Group AG
11.8 Groupe Roullier
11.9 Molinos agro SA
11.10 Sumitomo Corp.
11.11 Topcon Corp.
11.12 Trimble Inc.
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
12.3 Currency conversion rates for US$
12.4 Research methodology
12.5 List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Argentina agriculture market 2023-2027: A descriptive analysis of five forces model, market dynamics, and segmentation – Technavio – Yahoo Finance
