Project Report For
The project report for Banana farming is as follows.
Banana is highly nutritious and is considered to be one of the healthiest snacks in the world.
Bananas provide tons of important nutrients which helps in digestion, heart health which loss of weight. Banana farming is considered to be a profitable activity, and has developed over the years from a small scale to a multinational industry in most countries where it is carried out.
There is no question that the agricultural industry, of which commercial banana farming is a part, is among the leading industries in most countries around the world.
It is industry that provides food for the people and, of course, manufacturing raw materials. Banana is the 5th largest crop, which demonstrates market demand and development.
Bananas are one of India ’s most popular crops. In terms of region in this country it is placed 2nd and 1st in mango production. India dominates the world with a annual total production of around 16,920 mt in banana cultivation. In India bananas have become so famous between poor and rich people.
Market potential & Strategy
Globally, banana demand is predicted to record a CAGR of 1.21 per cent for the 2019-2024 projected period.
Asia-Pacific is the dominant player with a 61% proportion of world usage. India is the world’s largest supplier of bananas, making up for almost 25.7% of total production.
Bananas become the 4th most important food crop after wheat , rice and maize in terms of output and have been the world’s most popular fruit in terms of volume of usage.
Global export market of bananas were projected at 23.3 million tonnes in 2018.
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