PUBLISHER: Value Market Research | PRODUCT CODE: 1421082
PUBLISHER: Value Market Research | PRODUCT CODE: 1421082
The global demand for Agritech Market is presumed to reach the market size of nearly USD 111.2 Billion by 2032 from USD 25.75 Billion in 2023 with a CAGR of 17.65% under the study period 2024 - 2032.
Agritech, short for agricultural technology, refers to the use of technology, innovation, and digital solutions to enhance and optimize various aspects of agriculture and the agri-food supply chain. It encompasses technologies and applications designed to improve efficiency, sustainability, productivity, and profitability in the agricultural sector.
The Agritech market is propelled by diverse factors addressing the evolving challenges and opportunities in agriculture. The global imperative to feed a growing population is propelling the adoption of Agritech solutions to augment productivity and efficiency in farming practices. Resource optimization, driven by precision agriculture technologies, addresses concerns related to water, fertilizers, and pesticides. Climate change and sustainability considerations push for eco-friendly and resilient farming practices, aligning with Agritech solutions. Labor shortages are mitigated by the automation and robotics capabilities of Agritech, while government support and policies incentivize farmers to invest in technology adoption. The consumer demand for food supply chain transparency is fostering the adoption of blockchain and traceability technologies. The growth of agri-fintech addresses financial challenges in agriculture, and advancements in biotechnology contribute to improved crop traits. Connectivity improvements, urbanization, and the expansion of the start-up ecosystem further fuel the dynamic growth of the Agritech market, driving innovation and technological advancements in agriculture globally.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of agritech. The growth and trends of agritech industry provide a holistic approach to this study.
This section of the agritech market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Agritech market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Agritech market include WayCool, Mankind Agritech, Ken Agritech, Chifu Agritech Private Limited, ARSR Tech, AeroFarms, Apollo Agriculture, Crofarm Agriproducts Pvt Ltd, Conservis, Indigo Ag Inc., LettUs Grow Ltd., Pivot Bio, AgBiome Inc., Ceres Imaging, AgWorld, Hortau, Harvest Automation, Farmers Business Network. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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