About Food & Agriculture Technology and Products -
In today’s dynamic meals and agriculture industry, meals producers demand a gadget that is scalable and geared up to exchange with their enterprise requirements. The effective Microsoft dynamics 365 meals and agriculture ERP gives simply that and extra as it allows farmers and meals producers to effortlessly control end-to-end operations inside seasonal and time-sensitive frames, permitting them to enlarge effectivity by way of streamlining most important strategies of purchasing, warehousing, income and invoicing processes. The time period “agritech” is a fusion of “agriculture” and “technology,” referring to the use of technological improvements to increase the output and effectivity of agriculture. It entails the utility of robots, devices, AI, and even huge statistics to enhance the farming process, limit guide labor, extend harvest, and limit the sources wanted to develop crops. Despite “agriculture” being section of its name, agritech is additionally relevant to horticulture (the artwork of developing backyard vegetation and trees) and aquaculture (raising aquatic animals and flora for food).
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
One of the oldest sectors in the world, agriculture, is at a technological turning point. The market will need to overcome the difficulties in implementing improved connections in order to properly handle rising demand and various disruptive tendencies. Infrastructure upgrades and a rearrangement of traditional roles are necessary for this. This technological shift may very well determine the profitability and sustainability of one of the oldest sectors on the planet, and those who embrace it early may be best positioned to prosper in agriculture's connectivity-driven future. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Food & Agriculture Technology and Products - market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill (United States), ADM (United States), Bayer (Germany), John Deere (United States), CNH Industrial (United Kingdom), Syngenta (Switzerland), DuPont (United States), Nutrien (Canada), Yara International (Norway) and BASF (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Evonik (Germany), DSM (Netherlands), Daikin (Japan) and Signify Holdings (Netherlands).
Segmentation Overview
AMA Research has segmented the market of Global Food & Agriculture Technology and Products - market by and Region.
On the basis of geography, the market of Food & Agriculture Technology and Products - has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Robots will boost the Food & Agriculture Technology and Products - market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Connectivity, the sub-segment i.e. Smart Crop Monitoring will boost the Food & Agriculture Technology and Products - market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Agriculture, the sub-segment i.e. Subsistence will boost the Food & Agriculture Technology and Products - market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Agriculture Products, the sub-segment i.e. Foods will boost the Food & Agriculture Technology and Products - market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of New Technologies i.e. Farming Digitization and Development of Mechanized Harvesting Tools, And Sustainable Farming for Food Security
Market Growth Drivers:
Growing Focus on Sustainable Food Production, Processing, and Manufacturing Alternatives, Concerns with Increasing Incidence of Zoonotic and Food-Borne Diseases and Continuous Need to Address Rising Demand for Animal-Derived Food Products
Challenges:
Inspire Young People to Stay in Rural Areas and Become Future Farmers, Increasing Demand for More Food of Higher Quality and Growing Pressures from Climate Change, Soil Erosion and Biodiversity Loss and From Consumers’ Changing Tastes in Food and Concerns
Restraints:
Lack of Practical Knowledge the Farmers Can’t Handle the Machines Properly, The Cost of Maintenance Is Very High and Overuse of Machines May Lead To Environmental Damage
Opportunities:
Population Growth, Urbanization and Ageing, Global Economic Growth, Investment, Trade and Food Prices and Competition for Natural Resources
Market Leaders and their expansionary development strategies
In 2021, John Deere (Deere & Company) has entered into a contract to buy the majority of Kreisel Electric, Inc., an Austrian company that develops sophisticated battery technology. Kreisel has been creating immersion-cooled electric battery modules and packs for high-performance and off-road applications for the past seven years. The battery scientists have also created a platform for fast charging infrastructure called CHIMERO that makes use of their patented battery technology.
Key Target Audience
Food & Agriculture Technology and Products Providers, Government Bodies, New Entrants, Venture Capitalist and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.