DUBLIN--(BUSINESS WIRE)--The "Process Equipment - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
According to the publisher, the Global Process Equipment Market is accounted for $2.02 billion in 2017 and is expected to reach $5.99 billion by 2026 growing at a CAGR of 12.8% during the forecast period.
Factors such as demand for efficient agriculture equipment, adoption of smart farming techniques and adoption of the advanced technologies are fuelling the market growth. Furthermore, the increase in acceptance and area under GM crop, followed by growth in globalized trade for processed seed and rising awareness in developing countries are some of the major factors driving the growth of the market.
Based on crop type, the cereals & grains segment accounted for the largest share during the forecast period due to the large scale consumption as a staple diet and animal feed. Factors favouring the growth of this segment are increase in population, rise in income levels, increase in seed replacement rate in areas under cultivation, R&D breakthroughs, consumption for biofuel production, and intensive agriculture practices followed by farmers to increase yield and productivity.
North America is estimated to be the largest region in the processed seed market increasing continuously due to the growing demand for quality raw material by the food chains, along with increasing demand of commercial seeds by the farmers for better yield in this region.
Key Topics Covered:
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Seed Processing Equipment Market, By Type
6 Global Processed Seeds Market, By Crop Type
7 Global Processed Seeds Market, By Method
8 Global Seed Processing Equipment Market, By Geography
9 Key Developments
11 Company Profiling
- The DOW Chemical Company
- KWS Group
- PETKUS Technologie
- Cimbria A/S
- Alvan Blanch Development Company
- Lewis M. Carter Manufacturing
For more information about this report visit https://www.researchandmarkets.com/research/vqc2gn/global_process?w=4