Food & Agriculture Technology and Products are used for the production of machines to be used in farming and to make food products. Various technologies such as moisture and temperature sensors, robots, aerial images, GPS technology, and others are used in the agriculture and food industries. Agriculture Technologies provide increased crop production, efficient resource use, and protection of crops from harsh climatic conditions. Factors such as increasing demand for processed food products and livestock-based products are increasing the demand of the market. The rising global population along with the growing need for increased food production with less dependency on climatic conditions is augmenting the demand for Food & Agriculture Technology and Products. Increasing R&D in the agriculture industry and adoption of cloud-computing platforms and big data analytics for smart agriculture practices will boost the growth of the global market over the forecast period of 2019-2026.
Global Food & Agriculture Technology and Products Market is valued approximately at USD 494.9 billion in 2018 and is anticipated to grow with a growth rate of more than 8.1% over the forecast period 2019-2026 and is estimated to reach USD 921.5 billion by 2026.
The regional analysis of the global Food & Agriculture Technology and Products Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to the strongest economies and widespread industries, which create high capital investment capabilities. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2019-2026. Factors such as growing population, high disposable income, and implementation of various technologies in the industry would create lucrative growth prospects for the Market across the Asia-Pacific region.
Major market players included in this report are ADM, United Technologies, John Deere, Daikin Industries, Evonik, DSM, Signify Holding, SGS SA, Zoetis, and Eurofins
The detailed segments and sub-segment of the market are explained below:
By Industry: Animal, Agriculture, Cold Chain, Food & Beverages, Others (Cannabis)
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