In October 1999, there were ‘just’ 6 billion people in the world. Just 23 years later, on November 15, 2022, the world population reached 8 billion people, according to the United Nations (UN). And the UN projects that the global population will reach 9 billion around the year 2037.
As the world’s population approaches the 9 billion mark and the supply of arable land shrinks, food producers will need to feed more people and animals on fewer acres. Companies that boost farmers’ crop yields could emerge as the biggest winners.
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