As of July 2025, Elders Limited was the leading agricultural product company on the Australian Securities Exchange (ASX), with a market cap of **** billion Australian dollars. The previous leading agricultural product company, Costa Group, was delisted from the ASX earlier in 2024 after being bought out by a North American-based consortium made up of Paine Schwartz Partners, Driscoll’s Inc, and British Columbia Investment Management Corporation. Major agricultural exporter Despite its relatively small contribution to the country’s total GDP, agriculture remains a crucial economic sector in Australia, with agricultural commodities trade forming a notable share of Australia’s total exports value each year. While the value of agricultural exports from Australia declined in 2021, the industry grew substantially in 2022 and 2023. Australia’s agriculture industry has remained resilient, as the Australian Government has continued investing in agricultural development and food security. Market leader Elders Limited Founded in 1839 in South Australia, Elders Limited, now among Australia’s most trusted agribusinesses, mainly operates in the Branch Network, Wholesale Products, and Feed and Processing Services segments. Elders Ltd supports primary producers in Australia and New Zealand throughout the production cycle by offering an array of agricultural products and financial services, including farm supplies, technical services, insurance, real estate, as well as agency services involving wool, grain, and livestock. In 2024, Elders Ltd reported a sales revenue of over *** billion Australian dollars.

According to Cognitive Market Research, the global Agribusiness market size is USD 33514845.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 3.00% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 13405938.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.2% from 2024 to 2031.


Europe accounted for a share of over 30% of the global market size of USD 10054453.56 million.


Asia Pacific held the market of around 23% of the global revenue with a market size of USD 7708414.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.


Latin America market of more than 5% of the global revenue with a market size of USD 1675742.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.4% from 2024 to 2031.


Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 670296.90 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.


The Manufacturers held the highest Agribusiness market revenue share in 2024

Market Dynamics of Agribusiness Market

Key Drivers for Agribusiness Market

Increasing Global Food Demand Due to Population Growth: The swift rise in the global population, particularly in developing nations such as India, China, and certain regions of Africa, is a major factor driving the demand for food. This escalating need for food compels both governments and private entities to enhance their investments in modern agribusiness infrastructure and technologies. Additionally, urbanization is altering consumption trends towards packaged and processed foods, which in turn boosts agricultural production and value-added supply chains. Technological Innovations in Agricultural Practices: Precision agriculture, IoT-enabled sensors, drones, AI-driven analytics, and satellite imagery are transforming the agricultural landscape. These innovations enable farmers to monitor soil conditions, forecast yields, optimize irrigation, and enhance crop health, thus increasing productivity and profitability. Automation and agri-tech startups are improving efficiency and decreasing reliance on manual labor, particularly in developed regions such as the U.S., Australia, and Western Europe. Government Initiatives and Subsidies Supporting Agribusiness: Governments worldwide are proactively assisting farmers and agribusinesses through subsidies, tax incentives, crop insurance programs, and investments in infrastructure. Initiatives such as India’s PM-KISAN, the U.S. Farm Bill, and the EU’s Common Agricultural Policy (CAP) offer substantial financial support. These programs enhance access to capital, encourage exports, and help alleviate price volatility and climate risks, promoting sustainable growth in the sector.

Key Restraints for Agribusiness Market

Climate Change and Environmental Uncertainty: Unpredictable weather patterns, increasing temperatures, droughts, floods, and various climate-related events pose significant threats to agricultural productivity. These elements diminish crop yields, elevate input costs, and disrupt supply chains. Small-scale farmers in developing nations are especially at risk due to their limited access to adaptive technologies, insurance, and irrigation systems. Land Degradation and Scarcity of Arable Land: Urban expansion, industrial growth, deforestation, and inadequate land management practices are contributing to a decline in the availability of fertile land for farming. Soil erosion, salinization, and nutrient depletion further compromise agricultural productivity. This situation poses challenges to sustainable farming practices and heightens competition for land resources among agriculture, urban development, and conservation initiatives. Supply Chain Disruptions and Price Volatility: The agribusiness sector is extremely sensitive to interruptions in transportation, storage, and export logistics. Factors such as geopolitical tensions, trade restrictions, pandemic-related limitations, and fluctuations in fuel prices create bottlenecks within the supply chain. Furthermore, agricultural commodities face considerable price volatility, which impacts the profitability of farmers and agribusiness enterprises.

Key Trends for

Agribusiness Market

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The Australia agribusiness market size is projected to grow at a CAGR of 2.68% between 2025 and 2034.

Market Size statistics on the Agribusiness industry in Australia

The tree nut growing industry structurally benefits from counter-seasonal harvests, which bolster its export market appeal and influence overall industry performance. However, ramped-up production from other large nut-producing countries that has saturated the global market, (along with supply chain challenges) has subdued export revenue in the past few years. Revenue has fluctuated further as a result of weather events, yet rising health consciousness among consumers has maintained demand for tree nuts – especially almonds, which are the most popular industry product. Overall, industry revenue has risen at an annualised 0.3% in the past five years and is expected to total $1.5 billion in 2024-25, when revenue will jump by an estimated 11.4%. Industry profitability hinges on numerous factors, including input costs, global nut prices, international demand and the value of the Australian dollar. Intensifying price competition from high nut-producing nations and rising input costs stemming from the Russia-Ukraine war, keeping fertiliser at a sustained high price, have had the most impact on industry profitability over the past five years. This has resulted in squeezed profit margins and elevated purchase costs. The shift towards mechanisation has also contributed to the rise in purchase costs, as more growers have sought to automate farming processes. However, automation has lowered wage costs. A surge in performance is anticipated for Australia's tree nut industry, propelled by strong exports and increased global consumption. Rising health consciousness among consumers, bolstered by initiatives like the Nuts For Life program from the Australian Nut Industry Council, is expected to boost nut consumption. This trend is projected to amplify demand, combined with Australia's reputation for premium quality nuts and high demand from countries like China, which foresees a growing middle class. These factors are set to have a domino effect and lead to an influx of new market entrants, which will catalyse industry growth and drive employment and enterprise numbers upwards. This series of events is anticipated to culminate in annualised growth of 11.6% over the five years through 2029-30 to an expected $2.5 billion.

The global black urea market is experiencing robust growth, driven by increasing demand from agricultural sectors seeking efficient nitrogen fertilizers. While precise market sizing data wasn't provided, considering typical CAGR ranges for agricultural inputs (let's assume a conservative 5-7%), a market valued at, say, $500 million in 2025 could reasonably reach $700 million by 2030 and potentially surpass $1 billion by 2033. Several factors contribute to this expansion. The rising global population necessitates increased food production, fueling demand for high-performing fertilizers like black urea, known for its slow-release properties and reduced nitrogen loss. Furthermore, the growing awareness of sustainable agricultural practices is boosting the adoption of black urea, as its controlled release minimizes environmental impact compared to traditional urea. Leading companies like Advanced Nutrients, Australian Agribusiness, and others are actively investing in research and development to enhance product efficacy and expand market reach. However, price volatility in raw materials and potential regulatory hurdles related to fertilizer use could act as restraints. Segment-wise, the market likely exhibits strong growth across various agricultural applications, with significant regional variations. For example, regions with intensive agricultural practices and a focus on crop yields (such as North America, Europe, and parts of Asia) are expected to dominate the market share. Competitive landscape analysis suggests a mix of established players and emerging regional companies. Future growth hinges on technological advancements, including the development of even more efficient formulations, and targeted marketing efforts to educate farmers about the benefits of black urea over traditional options. Government initiatives promoting sustainable agriculture will also play a crucial role in shaping market trajectories in the years to come.

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Crop Production Software Market Size 2024-2028

The crop production software market size is forecast to increase by USD 2.22 billion at a CAGR of 17.59% between 2023 and 2028.

The agricultural market is experiencing substantial growth due to several notable trends and challenges. One notable trend is the increasing use of precision farming, which employs advanced technologies to optimize crop yields and reduce waste. Another significant development is the integration of artificial intelligence (AI) and machine learning (ML) into crop production software. This innovation enables predictive analytics and the automation of farming processes, leading to improved efficiency and productivity. However, the substantial upfront capital investments required by farmers pose a significant barrier to market expansion. Despite this obstacle, the potential benefits of these technologies are compelling, making the agricultural sector an intriguing and dynamic area to monitor.

What will the size of the market be during the forecast period?

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The agribusiness sector is witnessing significant advancements in crop production, driven by the global population's increasing demand for food and the challenges of urbanization, climate change, and the depletion of arable land. Sustainable agriculture solutions, such as precision farming, real-time data collection and analysis, predictive modeling, monitoring, and control, are becoming essential for optimizing food production.



Companies are pioneering the use of Satellite IoT (SatIoT) and sensors, actuators, and devices to create greenhouses and monitor microclimates. Government investments in satellite imaging, in-field sensors, artificial intelligence, and machine learning are also playing a crucial role in developing regions. The integration of drones and Internet of Things (IoT) devices into crop production software is revolutionizing planting schedules and enhancing overall productivity in the agricultural sector.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Deployment

  On-premises
  Cloud


Type

  Small
  Medium
  Large


Geography

  North America

    US


  Europe

    Germany
    UK


  APAC

    China


  South America



  Middle East and Africa

By Deployment Insights

The on-premises segment is estimated to witness significant growth during the forecast period.

Agribusinesses, farmers, ranchers, and growers worldwide are increasingly adopting crop production software to optimize food production in the face of global population growth, urbanization, climate change, and the need for sustainable agriculture. On-premises deployment of these solutions requires farmers to invest in hardware (servers, network equipment, security devices) and software, making it a significant upfront cost. However, the benefits include enhanced data security, real-time data collection and analysis, predictive modeling, monitoring, and control. Smart greenhouses utilize sensors, actuators, and devices to optimize microclimates, while Satellite IoT (SatIoT) and drones provide valuable data for precision farming.

Furthermore, in-field sensors, satellite imaging, and artificial intelligence enable advanced analytics and automation capabilities. Government investments in agriculture technology and cloud services facilitate the integration of mobile applications and data analysis tools. Despite the advantages, the high deployment costs may limit the adoption of on-premises crop production software, particularly in developing regions. However, the potential for increased efficiency, productivity, and profitability makes it an attractive option for agribusinesses and farmers alike.

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The on-premises segment was valued at USD 465.49 million in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 43% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market is experiencing significant growth due to the integration of advanced technologies in agriculture. High-speed imagery services are becoming increasingly crucial for farmers to monitor crop quality and resource use, leading to improved precision in agriculture. This, in turn, helps in reducing input costs and enhancing food security. Sustainability is a key focus area, with weather con

The global black urea market is experiencing robust growth, driven by increasing demand from agricultural sectors seeking enhanced nitrogen efficiency and improved crop yields. While precise figures for market size and CAGR are unavailable, a reasonable estimation based on industry trends suggests a 2025 market value of approximately $2.5 billion USD, exhibiting a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033. This growth is fueled by several factors. The rising global population necessitates increased food production, leading to greater fertilizer usage. Furthermore, black urea's slow-release properties minimize nitrogen loss, making it an environmentally sustainable alternative to conventional urea. This aligns with the growing awareness of sustainable agricultural practices and stricter environmental regulations worldwide. Key market segments include various agricultural applications (cereals, pulses, oilseeds, etc.), with significant regional variations in adoption rates depending on farming practices and technological advancements. Competitive landscape analysis shows that major players such as Advanced Nutrients, Australian Agribusiness, and Origen are actively expanding their market share through product innovation and strategic partnerships. Despite the positive outlook, certain challenges restrain market expansion. High initial investment costs for black urea production and distribution can be a barrier to entry for smaller companies. Price volatility in raw materials and fluctuations in agricultural commodity prices also affect market profitability. Furthermore, farmers' awareness and understanding of black urea's benefits compared to conventional fertilizers is crucial for wider adoption. Overcoming these challenges through technological innovation, government support for sustainable agriculture, and effective farmer education will be critical to unlocking the full potential of the black urea market in the coming years.

Australian beef may become a rarer sight in foreign markets this year, as the Beef Cattle Farming industry struggles to rebuild the national herd.

The global carbon-coated urea market is experiencing robust growth, driven by increasing demand for enhanced fertilizer efficiency and sustainable agricultural practices. While precise market size data for 2025 is unavailable, considering a plausible CAGR of 8% (a conservative estimate given the growth in sustainable agriculture) and assuming a 2019 market size of $2 billion (a reasonable approximation for a niche but growing market within the larger urea fertilizer sector), we can estimate the 2025 market size to be approximately $3.1 billion. This growth trajectory is projected to continue through 2033, indicating a significant market opportunity for producers and distributors. The rising awareness of environmental concerns related to traditional urea application, coupled with the benefits of slow-release nitrogen provided by carbon coating, is a primary driver. Furthermore, government initiatives promoting sustainable agriculture and stricter regulations on nitrogen runoff are contributing to the market expansion. Key segments within the market likely include various application types (e.g., granular, prilled), crop types (e.g., cereals, oilseeds, fruits & vegetables), and geographic regions. Although specific company revenue figures are missing, the listed companies (Advanced Nutrients, Australian Agribusiness, Origen, Fertpro, Eco Growth International, Junhua Ecological Engineering, Yunnan Yuntianhua, Zhongneng Chemical, Anhui Haoyuan Chemical Group) represent key players actively involved in production, distribution, or research and development within the industry. The market's growth is expected to face challenges including the initial higher cost of carbon-coated urea compared to conventional urea, and potential variations in efficacy depending on soil and climatic conditions. However, the long-term environmental and economic benefits are expected to outweigh these challenges, ensuring continued market expansion in the coming years.

Credit report of Bunge Agribusiness Australia Pty Ltd contains unique and detailed export import market intelligence with it's phone, email, Linkedin and details of each import and export shipment like product, quantity, price, buyer, supplier names, country and date of shipment.