The analysts at BIS Research have predominantly worked upon key components of modern agricultural and food technologies, with extensive market research reports on precision agriculture, food tech, IoT in agriculture, agricultural robots, agricultural equipment, and vertical farming among others.
The reports identify the central aspects, such as automation and control services, sensing and monitoring systems, and farm management in precision agricultural technology.
The Indoor Farming Technology Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 15.23% during the forecast period from 2019 to 2024.
The Agricultural Surfactant Industry analysis by BIS Research projects that the market is projected to grow at a CAGR of 6.50% during the forecast period from 2019 to 2024.
The agriculture robots market encompasses a wide array of robot types such as milking robots, harvesting robots, picking, robots, weeding robots, autonomous robot tractors, seeding robots, and pruning robots. These robot types are utilized in different agriculture areas including precision crop farming, livestock monitoring and management, indoor farming, aquaculture, forestry, and orchards, among others.
The fermented food and ingredient market is projected to grow from $xx billion in the year 2018 to $689.34 billion by 2023, growing at a CAGR of xx% from 2018 to 2023.
Farm management software and services have applications covering most of the farming types including precision crop farming, livestock monitoring and management, indoor farming, aquaculture, and others (forestry and orchids).
Farm management software and services have applications covering most of the farming types including precision crop farming, livestock monitoring and management, indoor farming, aquaculture, and others (forestry and orchids).
The IoT in agriculture market is projected to grow from $xx billion in the year 2018 to $28.65 billion by 2023, growing at a CAGR of xx% from 2018 to 2023.
Currently, the blockchain in agriculture and food market, is generating revenue based on the pilot projects run by individual agricultural startups or consortiums of large food companies, retail companies, trading companies, and blockchain technology product providing companies.
Smart farming systems have applications which cover most of the farming types including precision crop farming, livestock monitoring and management, indoor farming, aquaculture, and others (forestry, orchids, etc.).
The smart farming market encompasses a wide array of solutions such as hardware systems, software, and services. Hardware systems involve a system that combines the equipment supported by the software solutions.
Precision agriculture technologies comprise specialized equipment, software, and IT services. Wide-scale adoption of precision agriculture technologies is expected to enhance the potential Return on Investments (ROI) to farmers. Rising awareness coupled with the increased governmental support for sustainable farming technologies are expected to propel the market growth of precision agriculture.
Smart farming systems have applications which cover most of the farming types including precision crop farming, livestock monitoring and management, indoor farming, aquaculture, and others (forestry and orchids).
The food safety testing systems & services market is expected to grow from $XX million in 2017 to $19,629.4 million by 2022 at a CAGR of XX% from 2017 to 2022. This growth can be attributed to the increasing outbreak of foodborne illness, advancements in the usage of the latest technology for the food safety testing, stringent regulations, and globalization of food supply.
These techniques have innumerable advantages over the conventional farming methods. Hydroponics, and aeroponics are modern agriculture systems that utilize nutrient-rich water rather than soil for plant growth. These do not require fertile land and require less space and 70% less water when compared with the conventional farming.
The NGS in the agrigenomics market is expected to reach $1,389.0 million at a CAGR of 12.5% from 2016 to 2021. This growth is attributed to the advancements in the genomic technology with a variety of post-sequencing analysis techniques and governmental support in the developed countries.
The smart food market is expected to grow from $325.26 billion in the year 2016, at a CAGR of 8.32% from 2017 to 2022. This growth is attributed to the increasing awareness among consumers about health and balanced diet and also the changing dietary patterns according to modern lifestyle. Moreover, the rising healthcare costs has also driven the growth of this market.
The agricultural adjuvants market is expected to reach $3,594.1 million by 2021 at a CAGR of 5.5% from 2016 to 2021.
This growth is attributed to the increasing demand for integrated pest management (IPM) techniques and adoption of green crop protection concept. Moreover, the increasing demand for organic food products among consumers is driving the growth of the market.
The livestock monitoring & management market is expected to grow from $XX million in the year 2016 to $XX million by 2021 at a CAGR of 17.8% from 2016 to 2021. This growth is highly attributed to the rising awareness among government about the need to elevate livestock produce while taking care about the environment.
The LED grow lights market is expected to grow from $XX.X million in the year 2016 to $2590.0 million by 2021, at a CAGR of XX.X% from 2016 to 2021. The growth is attributed to the increase in demand for food which leads to the need for increasing farm yields. LED grow light applications provide a solution to the problems faced during conventional farming.
The agricultural films market is expected to reach $9,283.4 million by 2021 growing at a CAGR of 5.1% from 2017 to 2021. In terms of volume the agricultural films market is expected to reach 7,532.1 kilo tons by 2021, registering a CAGR of 8.6% between 2017 and 2021.
The isoflavones market is expected to grow from $XX billion in the year 2016 to $21.90 billion by 2021 at a CAGR of 13.7% from 2017 to 2021. This growth is attributed to the increasing demand of isoflavones from the end use industries such as cosmetic, nutraceuticals and food & beverage.
The farm management software and services market is expected to reach $2,883.4 million by 2021, at a CAGR of 17.6% from 2017 to 2021. This growth is attributed to the increasing awareness among governments about the need to produce more food while taking care about the environment.
The biorational product market, which generated $2,275.00 million of revenue in the year 2016 is expected to grow at a CAGR of 21.5% from 2017 to 2023. This growth is attributed to the increasing demand for integrated pest management (IPM) techniques and adoption of green crop protection concept. Moreover, the increasing demand for organic food products among consumers is driving the growth of the market.
The fermented foods and ingredients market is expected to grow from $636.89 billion in the year 2016 to $888.76 by 2023, at a CAGR of 4.98% from 2017 to 2023.
The food traceability market is expected to grow from $11.63 billion in 2016 to $16.09 billion by 2022, at a CAGR of 5.56% from 2016 to 2022. This growth can be attributed to the rise in the food safety concerns within the food industry, which has led to an increase in the adoption of food traceability technologies across the globe.
Food security is a major issue in the present global scenario, and especially so due to the increasing population day by day. Numerous research studies have discovered that the current food production volume needs to be doubled in order to suffice for the needs of the current burgeoning population. Furthermore, owing to the fact that natural resources such as land, water and labor are limited, agricultural productivity needs to be compounded to feed the masses.
The global population currently stands at 7 billion mark and is anticipated to reach 9 billion by 2022. As a consequence of the rising population and limited resources, the concept of food security is increasingly becoming endangered.
The market is expected to progress to a substantial extent since the target customers are the convenience seeking global population. The global food tech market is expected to grow over $250.43 billion by 2022 at a single digit CAGR through the forecast period.
The growth in the market is accredited to the overall cost effectiveness of the technology, increasing global food demand and the customization option provided to the users. The global vertical farming market is expected to grow at a CAGR of 27.77% through 2015 to 2022.
A strong emphasis on sustainable development due to the environmental issues has led to a global emergence of precision agriculture technologies. The market is estimated to reach $7.6 billion by 2022 at a CAGR of 12.7% through the forecast period. Increasing global demand for food, economic boom in APAC regions, and emerging technologies are some of the reasons responsible for the growth of this market.
The agriculture equipments and machineries have become an indispensable part of the agriculture process, by helping to save capital, labor, and time. This considerable role of agriculture equipments in ensuring sustainable food production has led to the growth of the market, and is further estimated to grow at a CAGR of 2.3% by 2022.
The constraints of limited water and land resources for irrigation purposes generate the need for precision irrigation, which, in turn, fulfills these needs by offering improved yields, energy savings and reduced water pumping costs through its hardware, software, & services. The market is estimated to reach $1,238.02 million by 2020 at a CAGR of 7.2% through the forecast period.
Hydroponics is the fastest growing soil-less farming practice at a global level, wherein a tailored nutrient solution is used for the crop to attain its full growth with a superior quality in a sustainable manner.
Precision Farming is an area of farming techniques associated with management of variability of soil, nutrients, water, crop and environmental factors. In conventional agriculture practices, fields subject to farming are considered to be uniform and thus applied with uniform rates of agrochemicals and fertilizers. The world population is estimated to hit the 9 billion mark by the year 2050.
Microbiome: Changing Contours of Beauty and Personal Care
https://zoom.us/webinar/register/691563358813
When: 27 Aug - 27 Aug, 2019
Where: https://zoom.us/webinar/register/691563358813
Representative- BIS Research Analysts Type of Engagement- Speaker
Commercial UAV Expo Americas
https://bit.ly/2MrLhzd
When: 28 Oct - 30 Oct, 2019
Where: The Westgate | Las Vegas
Representative- BIS Research Analysts Type of Engagement- Supporter
