The increasing population has created a massive demand for faster crop production. Advancements in agriculture and a more scientific approach towards cultivation have thus become an integral part of harvesting. Both of these factors have played a pivotal role in growth of rice milling market, as rice continues to be staple food.
The global rice milling market was worth US$1100 mn in 2018 and the report suggests that it will reach US$1480 mn by 2025, moving at a CAGR of 4.3% during the period of 2018 and 2025. QY Research discusses the future of the market in its latest report, titled “Global Rice Milling Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application.”
Global Rice Milling Market: Drivers
Rice is an integral part of the daily diet for many, which is boosting the market for rice milling. The technological revolution in the agricultural industry is another key reason for the global rice milling market to rise steadily. In addition, usage of fertilizers, pesticides, and other methods of increasing the yield are expected to enhance the production of rice, which is projected to positively influence the market.
Global Rice Milling Market: Segment Analysis
The global rice milling market is segmented by type and application. In terms of type, the market is segmented into different below 50 ton, 50-150 ton, and above 150 ton. These types are created depending on the capacity of the machine that can clean, husk, whiten, and polish the paddy grains. In terms of applications, the market is segmented into commercial and home.
Global Rice Milling Market: Regional Analysis
On the basis of region, the global rice milling market is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. Asia Pacific is currently leading the position for global rice milling market, due to excessive demand by a huge population. The climate has also great impact on rice milling market in Asian countries, especially China and India are being the leading countries that have the perfect climate to grow rice.
Global Rice Milling Market: The Key Players
The key players studied in the global rice milling market are Satake Corporation, Buhler Group, Hubei Yongxiang, Zhejiang QiLi Machinery, China Meyer, Hunan Chenzhou Grain & Oil Machinery, Wuhan Zhongliang Machinery, Zhongke Optic-electronic, Anzai Manufacturing, G.G. Dandekar Machine Works, Perfect Equipments, and Patker Engineers.
The market analysts suggest the demand for the rice will increase the market growth with time, based on the population growth and technological advancements in agriculture. Thus, the leading companies are pushing themselves to stay strong amid high competition to get the benefit of the global rice milling market growth in the coming days.
Full Report Overview@ https://www.qyresearch.com/index/detail/1076337/global-rice-milling-market