Agriculture and technology have always been joined together.
Many years ago, farming advanced on the back of new inventions but today, the so-called “precision agriculture” involves the use of GPS, lasers, and wireless technologies to be more efficient. But, the farmers of the future will be taking the Agri-Tech sector much further by using robots, drones, Big Data, Blockchain and many other disruptive technologies.
In 20 years, by 2042, our planet will have about 9.3 billion [footnote] Wikipedia Projections of Population Growth (May 2022) [/footnote] people who will be demanding a tremendous amount of food.
Then the food production will have to rise by about 70% to meet the projected demand.
Because most land suitable for agriculture is already farmed, the growth will come from higher yields and this is the challenge we are now facing. The agriculture activity has already become more like a control space program to grow vegetables on Mars. In the short term, farmers are increasing their profits by cutting costs and increasing yields and in the future will benefit consumers with lower food prices. Thus, agricultural technology looks like a solid place to invest in our future.
The global agritech market was valued at £12,765 million in 2019 and is projected to reach £30,131.48 million by 2027.
If you want your business to get in on the Global Agri-Tech business, it’s important to figure out the best way to expand to new markets.
Specialist in Agri-Tech
Trade Specialist, Luis Mulet is a well-known Agri-Tech Consultant who has traded all over the world for the last 20 years and has developed a comprehensive market intelligence report forecasting the next five years of the Global Agri-Tech Market to help your business become better equipped to enter the exciting world of innovation in agriculture technologies. Find the answers to the most frequently asked questions such as;
- How is segmented the Agritech sector (by region, by type, by application)?
- Which Region is leading the Global Agritech Market? Which factor is driving the agritech market?
- Which sub-sector is leading the Global Agritech Market?
Luis Mulet will tailor the market intelligence report to all your needs and help you save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global agritech market.
Get in touch with Luis today: