Press release
Agritech Market to Cross USD 41.1 Billion by 2030 Owing to Safeguarding Packed Medical Products | Top Key players covered are ARSR Tech, AeroFarms, Apollo Agriculture, Crofarm Agriproducts Pvt Ltd, Conservis
The Global Agritech Market was valued at USD 17.4 billion in 2021 and is estimated to grow significantly to USD 41.1 billion by 2030, recording a CAGR of 12.1% over the projected period. The substantial increase in the global agritech market's growth rate can be ascribed to the rising demand for high-performance, superior quality, high efficiency, and productivity goods throughout the agricultural sector with advanced technological capabilities.
Get a Sample Copy of the Report: https://www.extrapolate.com/sample/Agritech/agritech-market/25796?utm_source=Akshay&utm_id=8022
Agritech works with farmers and cooperatives to assure that the best products are available for global trade. Agritech is the application of technology and technical innovation to agricultural processes to increase productivity and efficiency. In other words, it is the application of technology to improve every facet of farming and growing operations.
Agritech can be used for many different agricultural and technological improvements. However, the goal of all of these agritech systems is the same: increasing food production on a given amount of land or using fewer resources.
Key Market Players to Improve Product Development to Boost Sales
The global agritech industry is home to numerous domestic companies as well as well-known multinational companies indicating their presence in the global agritech market. In order to improve product development and gain a competitive edge in the global agritech market, the previously acknowledged market players are introducing a vast product portfolio made up of new strategies, novel technologies, and inventive techniques.
Key players profiled in the Global Agritech market includes:-
• 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
• Others
Production and Maintenance Segment to Grow Significantly Owing to Quick Adoption of Digital Irrigation Technologies
On the basis of the application segment, the global agritech market is segmented into production and maintenance, irrigation, supply chain, marketplace, healthcare, transportation & others. The production and maintenance segment held the biggest market share in 2021 and is anticipated to continue its dominance in the global market owing to the Internet of Things' (IoT) crucial role in these cutting-edge technologies and the production and maintenance sector's quick adoption of digital irrigation technologies.
Modern monitoring systems are being employed more and more to efficiently track crop productivity in farms and provide helpful advice for sustaining crop yield. All of these aforementioned factors are propelling the growth of the segment in the global agritech market.
Inquire Before Buying This Report: https://www.extrapolate.com/enquire/Agritech/agritech-market/25796?utm_source=Akshay&utm_id=8022
The Global Agritech Market Segmentation-
By Type-
• Biotechnology and Biochemical
• Big Data and Analytics
• Sensors and Connected Devices
• Mobility
• Others
By Application-
• Irrigation
• Production and Maintenance
• Supply Chain
• Marketplace
• Others
By Region-
• North America- U.S., Mexico, Canada
• Europe- UK, France, Germany, Italy
• Asia-Pacific- China, Japan, India
• Latin America- Brazil, Argentina, Colombia
• The Middle East and Africa- United Arab Emirates, Saudi Arabia
Growing Industrialization and Urbanization Across the Globe to Drive the Market Growth
Farmers that employ cutting-edge technology such as IoT and cloud are more inclined to adopt new agricultural ecosystems due to more effective connectivity among farmers brought about by digitalization. Some of the features offered by agritech include Ag biotechnology, agribusiness marketplaces, bioenergy & biomaterials, farm management software, sensing & IoT, farm robotics, mechanization & equipment, midstream technologies, and new farming methods, driving market growth.
A few of the well-known technologies that are receiving a lot of investment in the farm tech sector are agricultural biotechnology, new farming, and farm management systems, sensing and IoT devices, and others. An increase in the number of agritech companies and the growing adoption of sensor-based technology are two additional factors boosting these technological investments and, consequently, having an impact on the market growth factor.
Browse Complete Report Here: https://www.extrapolate.com/Agritech/agritech-market/25796?utm_source=Akshay&utm_id=8022
Key Developments -
● April 2020- In Abu Dhabi, United Arab Emirates, AeroFarms announced plans to straight the largest indoor vertical farm in the world, measuring 90,000 square feet. AeroFarms furthermore announced an investment of $100 million.
North America to Hold Largest Market Share Owing to Technological Advancements by Key Businesses in the Region
As it was an early user of the Internet of Things and has developed into a hub for innovation, North America is predicted to have a disproportionately large part of the global agritech market. The continuing technical advancements made by IT behemoths have stirred up the competitive industry in the region. The residents of this region are more open to technological improvements due to their high purchasing power.
However, Asia Pacific is expected to emerge as the region with the quickest growth during the projected period. Rising desire for higher yields as well as an increase in population in countries such as China, India, Indonesia, Japan, the Philippines, and Vietnam is projected to contribute to the market growth. The aforementioned countries have made large investments in agritech.
Contact Us
Extrapolate
Phone: (+1) 888 328 2189
E-mail: talk@extrapolate.com
Website: https://www.extrapolate.com
Blog: https://www.extrapolate.com/blog
About Extrapolate-
Extrapolate is a Global Market Research, Advisory and Consulting firm which works closely with Industry experts from various industries to bring the latest and most accurate research reports.
In an era of breakneck change and a low tolerance for missed or misread opportunities, businesses need astute guidance to shape markets - not merely respond to them. Extrapolate helps clients develop market perspectives that drive success.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Agritech Market to Cross USD 41.1 Billion by 2030 Owing to Safeguarding Packed Medical Products | Top Key players covered are ARSR Tech, AeroFarms, Apollo Agriculture, Crofarm Agriproducts Pvt Ltd, Conservis here
News-ID: 2923091 • Views: …
More Releases from Extrapolate
ChatGPT: Your Secret Weapon for Dominating Search Rankings through AI-powered Co …
The ability to do efficient keyword research and content optimization is now essential for anyone looking to succeed online in the information-driven digital age. But fear not; ChatGPT is a formidable friend at our disposal. The way we approach keyword research and content creation is about to change due to this amazing language model that OpenAI created.
Let's look into how to use ChatGPT to improve content optimization tactics, and…
Lead Acid Battery Market Size is Set to Fly High Growth in Years to Come | Leoch …
Market Overview
Lead-acid batteries are the oldest type of rechargeable battery and are commonly used in a variety of applications, including automobiles, boats, uninterruptible power supplies (UPS), and backup power for telecommunications and computer systems.
These batteries consist of lead plates submerged in an electrolyte solution of sulfuric acid and water. During charging, electrical energy is converted into chemical energy, which is stored in the battery as lead sulfate. When the battery…
Onshore Wind Energy Market Size Focus on Emerging Technologies, Top Countries Da …
Market Overview
The Global Onshore Wind Energy Market Size was estimated at USD 554909.73 million in 2021 and is projected to reach USD 2356796.43 million by 2028, exhibiting a CAGR of 22.95% during the forecast period.
Onshore wind energy is a form of renewable energy that involves generating electricity by harnessing the power of wind on land. This is typically done using wind turbines, which convert the kinetic energy of the wind…
Vegetable Seeds Market is expected to witness a substantial growth of around USD …
The global Vegetable seeds market size was valued at approximately USD 8.72 billion in 2022 and is expected to witness a substantial growth of around USD 16.38 billion by 2032 at a CAGR of approximately 6.51% during the period from 2023 to 2032.The vegetable seeds market refers to the global trade of seeds used for growing different types of vegetables, including but not limited to tomatoes, onions, cucumbers, carrots, and…
More Releases for Agritech
Agritech Revolutionizes Food Production Amidst Growing Demand: A Key Driver Powe …
The Agritech Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Agritech Market Size and Its Estimated Growth Rate?
The agritech industry has seen significant expansion in the past few years. The market is projected to increase from a value of $30.63 billion…
Agritech Market Growth Set to Surge Significantly by 2031
Agritech Market to Record an Exponential CAGR by 2031 - Exclusive Report by InsightAce Analytic Pvt. Ltd.
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Agritech Market - (By Type (Biotechnology and Biochemicals, Big Data and Analytics, Sensors and Connected Devices, Mobility, and Other Types) and Application (Irrigation, Production and Maintenance, Supply Chain, Marketplace and Others), Trends, Industry Competition Analysis, Revenue and Forecast To…
Agritech Market in 2024 Detailed Study Analysis
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Agritech Market - (By Type (Biotechnology and Biochemicals, Big Data and Analytics, Sensors and Connected Devices, Mobility, and Other Types) and Application (Irrigation, Production and Maintenance, Supply Chain, Marketplace and Others), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research by InsightAce Analytic, the Global Agritech Market is valued at US$…
Agritech Market to See Strong Investment Opportunity
According to the new research report published by The Insight Partners, titled "Agritech Market Forecast to 2027 - COVID-19 Impact and Global Analysis - by Type (Biotechnology and Biochemicals, Big Data and Analytics, Sensors and Connected Devices, Mobility, and Other Types) and Application (Irrigation, Production and Maintenance, Supply Chain, and Marketplace), the market was valued at US$ 17,442.7 million in 2019 and is projected to reach US$ 41,172.5 million by…
India Agritech Market Growth Is Propelled By Higher Adoption Agritech Solutions: …
In the economic growth, the agriculture plays a crucial role of some of the greatest nations in the India. With continuously increasing populace and increasing requirement of agricultural output to meet the rising requirement, the investments in the agriculture technology solutions have been increasing at an impressive pace around the world.
According to the report analysis, 'India Agritech Market Outlook to FY'2025-By Nature of Services (Input Market Linkage & Farming as…
Indonesia Agritech Market Outlook to 2026: Ken Research
The report titled "Indonesia Agritech Market Outlook to 2026: Driven by Innovative Startups and Influx of Foreign Investors" provides a comprehensive analysis of the Digital Agricultural market in Indonesia. The report focuses on the agritech market size, analysis of sub verticals such as Farming as a Service (FaaS), Agri Fintech, Market Access, AgriTech, and Agri Biotech. It also focuses on segmentation of Agritech Startups by Sub Vertical, by year of…
