Market Data and Statistics Related to Agricultural Products
The global agricultural market is a significant contributor to the world's economy, with the production of crops such as corn, soybeans, and wheat being particularly influential.
According to the United Nations Food and Agriculture Organization (FAO), the global value of agricultural products in 2020 was estimated at over $2 trillion. The FAO also predicts that the global agricultural market will continue to grow at a compound annual growth rate (CAGR) of 3.5% from 2020 to 2025.
Growing Demand for High-Quality Fences
The demand for high-quality fences is on the rise, driven by increasing concerns about food security and environmental sustainability. According to a report by the National Association of Fence Manufacturers (NAFM), the number of fence installations in the United States is expected to grow at a CAGR of 4.5% from 2020 to 2025.
A similar trend is observed globally, with countries such as Australia and New Zealand leading the way in developing high-quality fencing solutions for agricultural purposes.