Project Report For Composite Farming
Project report for Composite Farming is as follows.
Composite recognised composite agricultural systems as those in which fundamentally diverse technologies coexist in a single farming complex. While agricultural equipment isn’t the first transportation area that comes to mind as a rising market for composites, it should be and, in time, will be.
After all, as the world’s population grows, more resources will be required to cultivate the vegetables and cattle that will feed us. Despite a century of brutal wars and major worldwide epidemics, human populations grew 400 per cent throughout the twentieth century.
In 2021, apiculture will be one of the most successful agricultural business ideas. Commercial beekeeping farms have sprouted up all over the world as a result of increased demand for honey and its byproducts, as well as a scarcity of natural honey.
Market potential & Strategy
The world population is currently 7.6 billion, and the United Nations (New York, N.Y., U.S.) predicts that another billion will be added by 2030, another by 2050, and the total population will be 11.2 billion by 2100. As agriculture expands, so will the systems market.
The agricultural equipment business is now geographically fragmented, with just a few worldwide OEMs constructing the industry’s greatest production volumes – which are typically still lower than even the heavy truck industry.
However, a confluence of trends, including land consolidation in the Americas, tougher fuel efficiency and emissions standards for diesel-powered vehicles in many geographies, the complex issue of weight reduction, increased interest in using design differentiation as a marketing tool, and changes in how backwards-integrated machinery OEMs are still in metals, has resulted in more and larger components being converted to composites using a broader array of materials. As those trends gather pace, it’s not difficult to see farm equipment being a big market for composites.
The composite materials market is anticipated to reach $40.2 billion by 2024, growing at a CAGR of 3.3 per cent between 2019 and 2024. By 2024, the composite end product market is anticipated to be worth $114.7 billion. The rising need for lightweight materials in the aerospace & military and automotive industries, as well as corrosion and chemical resistant materials, demand in the construction and pipe & tank industries, are the key drivers of development in this market.
Create 100% Bankable Project Report