), Massive need for fulfilling global food demands will boost the market growth. investors are racing to capture value from techno- logical innovation and discontinuities in food and agriculture. The global agricultural biologicals market size was valued at USD 7.42 billion in 2018 and is projected to reach USD 20.59 billion by the end of 2026, exhibiting a CAGR of 13.68% In addition to this, farmers in countries like the U.S. and Canada are accepting new farming techniques like guidance systems, display equipment, farm management software, and sensors. (See the full infographic here). 1.2 The impacts of the COVID-19 pandemic on global trade, markets and food security. The rise in the demand for food and the necessity of greenhouse farming activities is likely to drive the expansion of the smart agriculture industry over the forecast timeline. According to the [175+ Pages] research report; the global Smart Agriculture Market in 2018 was approximately USD 6,455 million. The agriculture analytics market study presents historical market data in terms of value (2017 and 2018), estimated current data (2019), and forecasts for 2025 by application, component, and farm size. The Agtech market is expected … Moreover, precision farming helps in preventing the degradation of agricultural land and makes proficient utilization of water resources. New York, NY, Jan. 18, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “Smart Agriculture Market Statistics Analysis By Types, Size, Share, Key Players and Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027”. This statistic displays the projected market value of agricultural films worldwide from 2016 to 2021. Global Fruit & Vegetable Service – Market Supply, Demand & Price Outlook Global Livestock Service – Beef, Pork & Broiler Market Forecasts & Commodity News US Agriculture Service – Long-Term Crop & Livestock Market Outlook Facts & Factors Global Precision Agriculture Systems Market Analysis by Application: Introduction; 5.2. The market is expected to grow at a CAGR of 13.09% and is anticipated to reach around USD 19,625 million by 2027. It is estimated that every dollar of U.S. agriculture exports generates an additional $1.48 in supporting industries, roughly $171 209 billion in added value in 2013. By 2023, Africa's trade deficit in volume terms will increase to 44 million tonnes for wheat and 18 million tonnes for rice. 1.5 Globalization, agri-food trade and nutrition. The global Smart Agriculture Market is expected to grow at a compound annual growth rate (CAGR) of 13.09% from 2019 to 2027". Moreover, a severe need for increasing the crop output, changing value chain & firm configurations, and improvement in the efficiency of supply chain activities will offer massive growth opportunities for the market over the forecast timeline. 2.2 Global value chain in action: Orange juice – from the tree to the bottle Follow Us LinkedIn: https://www.linkedin.com/company/fnfresearch, Follow Us Twitter: https://twitter.com/fnfresearch. The IoT in agriculture market size was valued at $ 16,330 million in 2017, and is projected to reach $48,714 million by 2025, growing at a CAGR of 14.7% from 2018 to 2025. The global Smart Agriculture Market is expected to grow at a compound annual growth rate (CAGR) of 13.09% from 2019 to 2027”. 3 Global Software Agriculture IoT Market, 2015-2025 (USD Million) 25 FIG. Browse the full “Smart Agriculture Market By Agriculture Type (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse, and Others), By Software (Web-Based and Cloud-Based), By Applications (Yield Monitoring, HVAC Management, Field Mapping, Irrigation Management, Crop Scouting, Weather Tracking & Forecasting, Farm Labor Management, Financial Management, Feeding Management, Breeding Management, Milk Harvesting, Fish Tracking & Fleet Navigation, Water Quality Management, and Others), By Service (System Integration & Consulting, Managed Services, Support & Maintenance, Connectivity Services, and Professional Services), and By Solution (Network Management, Smart Water Management, Agriculture Asset Management, Logistics & Supply Chain Management, Supervisory Control & Data Acquisition, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027" report at https://www.fnfresearch.com/smart-agriculture-market-by-agriculture-type-precision-farming-213. [195+ Pages Research Report] According to the recent research report; the global Agricultural Sensors Market in 2020 was approximately USD 1.36 Billion. If we look at the four major staple crops (≈60% of global food production), we find that the global mean water values are $0.05, $0.16, $0.16, and $0.10/m 3 for wheat, maize, rice, and soybean, respectively (SI Appendix, Table S1). Nonetheless, a low level of consciousness pertaining to new farming techniques among the farmers will put brakes on the growth of the business over the forecast timeline. 1 Global Agriculture IoT Market, 2015-2025 (USD Million) 22 FIG. (212) 419-8286 In 2021, the global agricultural technology (Agtech) market value stood at approximately 10.5 billion U.S. dollars. 2.1 Global value chains: Key terminology. Top market players in the market are Libelium, Edyn, CropX Inc., Caipos Gmbh, Bosch, Avidor High Tech, Auroras s.r.l., … Furthermore, there is a shift in farming trends from family farms to smart agriculture due to altering global trade rules, population explosion, climate change, biotechnology, nanotechnology, demographic changes, servitization around the key products, growing value chain integration, and growing urbanization. In 2007, imports reached a record high of $47 billion, yielding a deficit of around $22 billion. [225+ Pages Research Report] According to the recent research report; the global Agricultural Packaging Market in 2019 was approximately USD 4.15 Billion. Facts & Factors. Global agricultural film market value from 2016 to 2021 IoT devices that food suppliers planned to deploy worldwide in 2016 Global agricultural films market size in 2017 and 2021, by type In addition to this, the humungous requirement of smart irrigation management activities will steer the growth of the smart agriculture industry during the forecast timeline. • 2020 Updated Report Introduction, Overview, and In-depth industry analysis, • 175+ Pages Research Report (Inclusion of Updated Research), • Provide Chapter-wise guidance on Request, • 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends, • Includes Updated List of table & figures, • Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis, (Note: The sample of this report is updated with COVID-19 impact analysis before delivery), Inquire more about this report before purchase @ https://www.fnfresearch.com/inquiry/smart-agriculture-market-by-agriculture-type-precision-farming-213           (You may enquire a report quote OR available discount offers to our sales team before purchase. An increase in demand for new breeding techniques is expected to propel the market growth Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Ask our sales team for report customization. Top market players are SST Development Group, Inc., Trimble Inc., Topcon, The Climate Corporation, GEA Group, Ag Leader Technology, Inc., Deere & Company and others. Others 6. 23 September 2020, Rome - Global agri-food trade has more than doubled since 1995, amounting to $1.5 trillion in 2018, with emerging and developing … Livestock and Poultry: World Markets and Trade April 9, 2021 This quarterly report includes data on U.S. and global trade, production, consumption and stocks, … Precision Agriculture Market to grow at a CAGR of 13.97% between 2019 and 2025. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Try our corporate solution for free! January 18, 2021 06:28 ET The global agricultural biotechnology market size was estimated at USD 89.89 billion in 2018 and is projected to grow at a CAGR of 7.07% during the forecast period. Agriculture, forestry, and fishing, value added (current US$) from The World Bank: Data | Source: Plant science innovations are vital to keep crops healthy and maintain this thriving economy. The market is expected to … However, emerging countries are expected to offer abundant opportunities for the industry over the forecast timespan. According to the [175+ Pages] research report; the global Smart Agriculture Market in 2018 was approximately USD 6,455 million. Agriculture, forestry, and fishing, value added (constant 2010 US$), Agriculture, forestry, and fishing, value added (constant LCU), Agriculture, forestry, and fishing, value added (% of GDP), Agriculture, forestry, and fishing, value added (current LCU), Agriculture, forestry, and fishing, value added (annual % growth), Agriculture, forestry, and fishing, value added per worker (constant 2010 US$), Chemicals (% of value added in manufacturing), International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building. The growth of the segment during the forecast period is due to its ability to produce high crop yield with input used in precise proportion or minimally. 1.1 Regional agri-food trade. ), North America to contribute majorly towards the overall market revenue share by 2027. 5.1. Request Customized Copy of Report @ https://www.fnfresearch.com/customization/smart-agriculture-market-by-agriculture-type-precision-farming-213, (We customize your report according to your research need. Since 2004, global investments in the food-and-agribusiness sector have grown three- fold, to more than $100 billion in 2013, according to a McKinsey analysis. Check out these five graphics which show just how important it is to protect the farming industry. Global Agricultural Biologicals Market Report 2021: Market Reached a Value of $8.1 Billion in 2020 - Industry Trends, Share, Size, Growth, Opportunity and Forecast to 2026 - ResearchAndMarkets.com Directly Purchase a copy of the report with TOC @ https://www.fnfresearch.com/buynow/su/smart-agriculture-market-by-agriculture-type-precision-farming-213, Weather tracking & forecasting segment to record the highest CAGR over the forecast period. Request Your Free Sample Report of Smart Agriculture Market @ https://www.fnfresearch.com/sample/smart-agriculture-market-by-agriculture-type-precision-farming-213. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business. To learn more about cookies, click here. 1.3 Trade, food safety and the Codex Alimentarius. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). The regional market growth is attributed to huge government funding to carry out research & development activities in the farming sector with an aim to increase the crop output. 4 Global Services Agriculture IoT Market, 2015-2025 (USD Million) 26 The value of water for the production of maize, soybean, and rice is consistently higher than for wheat. FIG. Farmland & Farms 5.4. 23 September 2020, Rome - Global agri-food trade has more than doubled since 1995, amounting to $1.5 trillion in 2018, with emerging and developing countries' exports on the rise and accounting for over one-third of the world's total, according to a new report issued today by the Food and Agriculture Organization of the United Nations (FAO). The global agricultural robots market reached a value of US$ 5.4 Billion in 2020. In 1980, agricultural trade was balanced with both exports and imports at about $14 billion. ... changing value chain & … Global Agriculture Market Size 2021, CAGR Value, Different Key Regions with Product Scope, Gross Margin, Impact of COVID-19 on Industry Growth, Development Factors and Forecast to 2025 Friday, April 9th 2021, 12:07 AM CDT Find Out, Online tool for visualization and analysis. According to the latest report by IMARC Group, titled “Agricultural Adjuvant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global agricultural adjuvant market reached a value of US$ 3.4 Billion in 2020. The market is expected to surge at a CAGR of 11.56% and is anticipated to surpass USD 2.63 Billion by 2026. Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. Some of the key participants in the business include SST Development Group, Inc., Trimble Inc., Topcon, The Climate Corporation, GEA Group, Ag Leader Technology, Inc., Deere & Company, AgJunction LLC, AGCO Corporation, Precision Planting LLC, Agribotix LLC, Raven Industries Inc., Auroras s.r.l., BouMatic, DeLaval, SemiosBio Technologies Inc., and Grownetics, Inc. To know an additional revised 2020 list of market players, request a sample report: https://www.fnfresearch.com/sample/smart-agriculture-market-by-agriculture-type-precision-farming-213, Precision farming to lead the agriculture type segment by 2027. Internet of things (IoT) technology is anticipated to play a significant role in increasing the current agricultural productivity to cater to the growing demand for food. Market Size and Forecast by Region; 5.3. 5. The weather tracking & forecasting segment is predicted to register the highest growth rate of more than 15% during the forecast timeline. Apart from this, growing demand for personalized food products along with growing health consciousness will trigger the market growth over the forecast period. “According to the research study, the global Smart Agriculture Market was estimated at USD 6,455 million in 2018 and is expected to reach USD 19,625 million by 2027. Over one billion people worldwide work in agriculture generating $2.4 trillion for the global economy. Agricultural Enzymes Market Value with Status and Global Analysis 2020 to 2027 04-27-2021 09:41 AM CET | Advertising, Media Consulting, Marketing Research Press release from: Allied Market … The established companies in the precision agriculture market are focusing more on product launches. This statistic displays the value of blockchain in the agriculture and food market worldwide in 2017, with forecasted figures for 2018 to 2028. If you continue to navigate this website beyond this page, cookies will be placed on your browser. 2 Global Agriculture IoT Market Share, by Offering, 2018 & 2025 (USD Million) 23 FIG. Global Precision Agriculture Systems Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by Application, 2012-2028. This site uses cookies to optimize functionality and give you the best possible experience. World Bank national accounts data, and OECD National Accounts data files. The market is expected to surge at a CAGR of 5.71% and is anticipated to surpass USD 6.19 Billion by 2026. This, in turn, will further expand the business scope in the region over the forecast period. Market size estimates : Global Agriculture Biostimulant market size estimation in terms of value Trend and forecast analysis : Market trend (2015-2019) and forecast (2020-2025) by end-use industry. Post COVID-19, the global digital agriculture market size is estimated to grow from USD 5.6 billion in 2020 and is projected to reach USD 6.2 billion by 2021, recording a CAGR of 9.9%. The study also evaluates industry competitors and analyzes the market at … Food-and-agribusiness companies on average have demonstrated higher Furthermore, legislation favoring smart farming activities are likely to influence the growth of the smart agriculture industry over the period from 2019 to 2027. Agricultural Cooperatives 5.5. (The free sample of this report is readily available on request). Market Size & Forecast by Revenue | 2020−2027, Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities, Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and geography, Competitive Landscape – Top key vendors and other prominent vendors, Handheld Mobile Devices/Handheld Computers, Others (Orchid, Horticulture, and Forestry). Furthermore, huge acceptance of precision farming techniques including positioning systems, guidance systems, remote sensing, and variable rate systems by the farmers will boost the segmental growth during the forecast timeline. The global agriculture market is expected to grow from $9602.79 billion in 2020 to $10181.92 billion in 2021 at a compound annual growth rate (CAGR) of 6%. Smart agriculture is a paradigm shift in farming that helps in guiding actions needed for modifying & reorienting farming systems in order to aid the growth of the farming sector. Agricultural robots, also known as agribots, are one of the latest innovations in the agriculture industry. This report segments the Smart Agriculture market as follows: Smart Agriculture Market: By Agriculture Type Analysis, Smart Agriculture Market: By Software Analysis, Smart Agriculture Market: By Service Analysis, Smart Agriculture Market: By Solution Size Analysis, Smart Agriculture Market: By Application Analysis, Agricultural Fumigants Market: https://www.fnfresearch.com/global-agricultural-fumigants-market-by-product-type-methyl, Agriculture IoT Market: https://www.fnfresearch.com/global-agriculture-iot-market-by-offering-software-services, Agriculture Sprayers Market: https://www.fnfresearch.com/global-agriculture-sprayers-market-global-agriculture-sprayers-market, Agricultural Adjuvants Market: https://www.fnfresearch.com/global-agricultural-adjuvants-market-by-function-activator-adjuvants, Agricultural Robots and Drones Market: https://www.fnfresearch.com/agricultural-robots-and-drones-market-by-equipment-type-1121. 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