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Agriculture

Agriculture plays an important role in the global economy and is considered as the backbone of the billion dollar industry

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Agriculture

Agriculture

Agriculture plays a vital role in the global economy. It involves the production of food, fiber, and many other essential products by the cultivation of soil, plants and raising domesticated animals. According to World Bank, in 2014, agriculture accounted for one-third of the world’s economic growth. It has been prevailing for centuries and still plays a crucial role in the development of nations. It also provides industries with raw materials for the production of many required products, hence forming the backbone of the billion dollar manufacturing industry.Agriculture and industry complement each other with the understanding that expansion in agriculture depends on the industrial supplies and the expansion of the same depends on the development of agricultural activities. Due to the rapidly ongoing technological advancement, the agriculture industry is witnessing tremendous growth. The 20th century witnessed massive revolutionary changes in agricultural practices such as The Green Revolution, where people were saved from starvation through developments like irrigation systems, production of high yielding crops and improved management strategies.In this modern era of agriculture, growing plants involve different types of irrigation systems. Crop yield has tremendously grown and advanced, owing to the development of agro-chemicals, breeding + genetic engineering and modified seeds that germinate relatively faster. Other innovative practices in agriculture include soil mapping, hybridization, hydroponics, etc.Agriculture market reports have shown that traditional practices are not parallel with the modern ones due to the introduction of better and advanced equipment and extensive agricultural research in the market. The agriculture product market (such as dairy) is developing at a rapid speed to meet an increased demand from the growing world population. Agricultural machinery that includes mechanical devices such as tractors have drastically aided in saving labor costs and time, evolving practices to supply for the increased demand. These devices vary with a wide range of complexity like from simplest of tools to automated machines.Furthermore, technology has influenced the way humans operate machines. The introduction of technological advancements such as computer monitoring systems, GPS locators, self-steer programming, etc. (see Automation) have reduced human work and yield benefits such as accuracy, efficiency and increased caution in the use of fuel, seed, or fertilizer.Triton analysts have analyzed the agriculture industry and offer a broad range of reports on the ongoing agricultural market trends, which include Precision Farming Market, Bio-Pesticides Market, Agricultural Micronutrients Market, Crop Protection Chemicals Market And Micro Irrigation System Market.Triton has listed the reports under the following segments:Agriculture equipment: Equipment in agriculture help the farmers to increase productivity, reduce manpower and improve quality of life.Agriculture feed: It refers to the food grown and development, which is further given to domestic animals.Agrochemicals and Pesticide: It refers to the utilization of chemicals in agriculture to minimize the impact of diseases and to improve the efficiency of production. For example, herbicides, pesticides, and fertilizers.Irrigation: It refers to artificially supplying water to areas that assist in the production of crops. These areas usually receive very less amount of rainfall. The varied types of irrigation techniques are sprinkler irrigation, surface irrigation, centralized irrigation, rotary irrigation, etc. Seeds: They are the end or waste products of plants, which are further used to regenerate plant life. Irrespective of the technological advancements, seeds are still

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