Agriculture Coverage

Agricultural Biotechnology Market Definition And Segments

Agricultural biotechnology refers to using scientific tools and techniques to modify living organisms, including plants, to enhance agricultural processes and produce food, fiber, and fuel. It is used to improve agricultural productivity, sustainability, and resilience. The main types of organisms in agricultural biotechnology are plants, animals, and microbes. Plants refer to eukaryotic organisms that belong to the kingdom plantae and are predominantly photosynthetic, meaning they obtain their energy from sunlight. It includes technologies such as genetic engineering, tissue culture, embryo rescue, somatic hybridization, molecular diagnostics, vaccines, and others and is used in different applications, including vaccine development, transgenic crops and animals, antibiotic development, nutritional supplements, flower culturing, and biofuels The agricultural biotechnology market covered in this report is segmented – 1) By Organism Type: Plants, Animal, Microbes 2) By Technology: Genetic Engineering, Tissue Culture, Embryo Rescue, Somatic Hybridization, Molecular Diagnostics, Vaccine, Other Technologies 3) By Application: Vaccine Development, Transgenic Crop And Animals, Antibiotic Development, Nutritional Supplements, Flower Culturing, Biofuels The agricultural biotechnology market size has grown rapidly in recent years. It will grow from $55.24 billion in 2023 to $60.93 billion in 2024 at a compound annual growth rate (CAGR) of 10.30%. The growth in the historic period can be attributed to increased population and food demand, crop resistance to pests and diseases, improved crop characteristics, advancements in genetic engineering techniques, environmental concerns and sustainable agriculture. The agricultural biotechnology market size is expected to see rapid growth in the next few years. It will grow to $89.52 billion in 2028 at a compound annual growth rate (CAGR) of 10.10%. The growth in the forecast period can be attributed to rising focus on precision agriculture, climate change adaptation, consumer demand for sustainable practices, global trade dynamics, emerging markets and developing economies. Major trends in the forecast period include collaboration and partnerships, technological innovations, biosecurity and pandemic preparedness, gene editing technologies dominance, digital agriculture integration.

The Impact of Increased Food Demand on Agricultural Biotechnology Market Growth

The increased food demand is expected to propel the growth of the agricultural biotechnology market going forward. Food demand refers to the quantity and variety of food products consumers desire and are willing to purchase within a given period. Increased food demand is due to population growth, urbanization, and shifting dietary preferences. Agricultural biotechnology boosts food demand by enhancing crop productivity, improving crop quality, and increasing resilience to environmental stresses. For instance, according to reports published by the U.S. Bureau of Labor Statistics, a U.S. government agency, average household spending on food increased by 12.7% from 2021 to 2022, which is fueled by a 20.1% increase in spending on meals away from home and an 8.4% increase in spending on food at home. Therefore, the increased food demand is driving the growth of the agricultural biotechnology market. Major companies operating in the agricultural biotechnology market are BASF SE, Dow AgroSciences Inc., Bayer AG, Syngenta AG, Monsanto Company, DuPont de Nemours Inc., Novozymes A/S, Certis USA, Vilmorin & Cie SA, KWS SAAT SE, Indigo Agriculture Inc., Bioceres Crop Solutions Corp., Ginkgo Bioworks Holdings Inc., AgBiome Inc., Pairwise Plants Services Inc., Marrone Bio Innovations Inc., Agrivida Inc., Intrexon Corporation, Phytelligence Inc., Cibus Global Ltd., Arcadia Biosciences Inc., ZeaKal Inc., NewLeaf Symbiotics Inc., Evogene Ltd., GreenLight Biosciences Inc.

Innovative Biotechnologies Transforming Agriculture Focus On Integrated Solutions

Major companies operating in the agricultural biotechnology market are concentrating on innovative biotechnologies, such as pipelines with integrated solutions, to accelerate agriculture's transformation and overcome local and crop system climate challenges. This solution combines crop protection, seeds and traits, technologies, tools, and methodologies to optimize farming practices, increase productivity, and improve sustainability. For instance, in March 2023, BASF SE, a Germany-based chemical company, launched an innovation pipeline with integrated solutions to accelerate agriculture's transformation. This solution provides farmers with much-needed solutions to address local and crop-specific pest pressures, climatic problems, changing regulatory requirements, and expanding consumer demands. Additionally, this can help farmers optimize their inputs, reduce waste, and improve yields, leading to lower emissions. It also enhances climate resilience, biodiversity preservation, and precision applications.

Bayer AG Acquires Targenomix Gmbh To Accelerate Agricultural Biotechnology Innovation

In November 2022, Bayer AG, a Germany-based healthcare and agriculture company, acquired Targenomix GmbH for an undisclosed amount. This acquisition aims to accelerate the discovery and development of molecules with the potential to enhance weed, disease, and insect resistance, contributing to Bayer's commitment to sustainable development and innovation in agriculture. Targenomix GmbH is a Germany-based research-focused company that provides agricultural biotechnology products and services for crop protection and plant health. North America was the largest region in the agricultural biotechnology market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agricultural biotechnology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the agricultural biotechnology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The agricultural biotechnology market includes revenues earned by entities by providing services such as crop trait development, trait stacking, biological solutions, seed production, and contract research and development. The market value includes the value of related goods sold by the service provider or included within the service offering. The agricultural biotechnology market consists of sales of genetically modified (GM) seeds, biopesticides, and bioprocessing tools. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The agricultural biotechnology market research report is one of a series of new reports from The Business Research Company that provides agricultural biotechnology market statistics, including agricultural biotechnology industry global market size, regional shares, competitors with a agricultural biotechnology market share, detailed agricultural biotechnology market segments, market trends and opportunities, and any further data you may need to thrive in the agricultural biotechnology industry. This agricultural biotechnology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Automated Feeding Systems Market Definition And Segments

Automated feeding systems refer to technologies designed to streamline and optimize the process of providing food to animals in agricultural or livestock farming settings. These systems use various mechanisms and technologies to automate the feeding process, reducing labor requirements, improving efficiency, and enhancing overall productivity. The main types of automated feeding systems are rail-guided feeding systems, conveyor feeding systems, self-propelled feeding systems, and others. Rail-guided feeding systems are machines used for distributing feed in various industries, such as agriculture and manufacturing. These offer software, hardware, and services that can perform various functions such as controlling, mixing, filling, screening, and others also they uses various technologies, including robotics and telemetry, guidance and remote sensing technology, radio frequency identification (RFID) technology, and others, which can be used on various livestock such as poultry, swine, ruminants, horses, and others. The automated feeding systems market covered in this report is segmented – 1) By Type: Rail-Guided Feeding Systems, Conveyor Feeding Systems, Self-Propelled Feeding Systems, Other Types 2) By Offering: Software, Hardware, Services 3) By Function: Controlling, Mixing, Filling And Screening, Other Functions 4) By Technology: Robotics And Telemetry, Guidance And Remote Sensing Technology, Radio Frequency Identification (RFID) Technology, Other Technologies 5) By Livestock: Poultry, Swine, Ruminants, Equine, Other Livestock The automated feeding systems market size has grown strongly in recent years. It will grow from $4.53 billion in 2023 to $4.95 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to demand for efficient animal husbandry practices, demand for cost-effective solutions, urbanization and shrinking arable land, growing demand for organic products, growing meat consumption. The automated feeding systems market size is expected to see strong growth in the next few years. It will grow to $6.67 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to growing demand for labor-saving, rising adoption of precision agriculture, increasing demand for process efficiency, increasing emphasis on operational efficiency, rising demand for sustainable agriculture. Major trends in the forecast period include technological advancements, optimization of resource usage, introduce nanotechnology in feed additives, integration of RFID and sensor technologies, development of collaborative robots (cobots) for feed handling.

Automated Feeding Systems Market Driven by Increasing Livestock Production

The increasing livestock production is expected to propel the growth of the automated feeding systems market going forward. Livestock production refers to the breeding, raising, and management of animals for various purposes, including food, fiber, and other products. The production of a variety of livestock products, including processed meats, value-added products, and by-products, contributes to increased overall livestock production. Automated feeding systems are extensively used in livestock production to improve efficiency, precision, consistency, and data-driven decision-making, ultimately contributing to better animal welfare, sustainability, and profitability on the farm. For instance, in March 2023, according to data published by the United States Department of Agriculture, a US-based government agency, the total number of sheep and lambs in Canada was 854,400 in 2023, a 3% increase from 827,200 the previous year. The breeding sheep inventory is at 628,700 head, up 1% from the previous year. Therefore, increasing livestock production is driving the growth of the automated feeding systems market. Major companies operating in the automated feeding systems market are Cargill Inc., Agco Corporation, GEA Group AG, Maximus Systems Ltd., DeLaval Inc., Big Dutchman International GmbH, Nedap N.V., Lely Holding S.à r.l., Roxell BVBA, Trioliet B.V., BouMatic LLC, Agromatic AG, Fullwood Packo Ltd., Fancom B.V., AgriTech Ltd., Afimilk Ltd., Dairymaster Ltd., Impex Barneveld B.V., Pellon Group Oy, Faromor Ltd., VDL Agrotech, Rotec Engineering B.V., Optimat Ltd., Dairy Tech Inc.

Revolutionizing Sow Feeding With Innovative Automation Technology

Major companies operating in the automated feeding systems market are concentrating on new innovative products, such automatic dispenser, to provide a premium, automatic feeding solution that makes feeding easier and more precise. This automatic dispenser is designed for individual feeding of sows, allowing every sow to be fed at the same time, reducing waiting times and stress. For instance, in September 2023, ROXELL, s.r.o., a Czech Republic-based automated feeding equipment manufacturer, launched a new Dos7 dispenser for sows, which is an automatic dispenser for individual feeding of sows. It is equipped with features to make farmers' lives easier and feeding times calmer. The dispenser is designed for modern pig farming, offering high-precision feeding, easy cleaning for maintaining hygiene, and the capability to handle all types of feed, including treat foods and enrichment materials. It can be set to follow a high-precision feeding regime of choice with one or more feeding times per day. Additionally, these features make the dispenser a valuable asset for modern pig farming, offering benefits such as precise feeding, hygiene, and overall improved animal well-being.

Emerson Electric Co. Strengthens Factory Automation with Afag Holding AG Acquisition

In August 2023, Emerson Electric Co., a US-based technology and software company, acquired Afag Holding AG for an undisclosed amount. The acquisition aimed to diversify Emerson's offerings, tap into new markets, enhance their technological capabilities in the fast-growing factory automation sector, and strengthen their position as a global leader in automation solutions and technology. Afag Holding AG is a Switzerland-based manufacturer of electric linear motion, automatic feeding, and handling automation solutions for livestock. North America was the largest region in the automated feeding Systems market in 2023.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automated feeding systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automated feeding systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The automated feeding systems market includes revenues earned by entities by providing services such as feeding schedule management, feed dispensing, portion control, maintenance, and support. The market value includes the value of related goods sold by the service provider or included within the service offering. The automated feeding systems market consists of sales of feeders, control units, sensors, and storage bins. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automated feeding systems market research report is one of a series of new reports from The Business Research Company that provides automated feeding systems market statistics, including automated feeding systems industry global market size, regional shares, competitors with an automated feeding systems market share, detailed automated feeding systems market segments, market trends and opportunities, and any further data you may need to thrive in the automated feeding systems industry. This automated feeding systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Dairy Herd Management Market Definition And Segments

Dairy herd management refers to the comprehensive oversight and optimization of activities related to dairy farming, encompassing aspects such as animal health, milk production, and farm operations. It involves using advanced technologies and data-driven approaches to enhance efficiency and productivity in dairy operations. The main products of dairy herd management are hardware, standalone software, and others. Dairy herd management hardware refers to the physical devices and equipment used in the monitoring and management of dairy cattle. They are used for milk harvesting, feeding, breeding, cow comfort and heat stress management, calf management, health management, and other applications by small-scale dairy farms, large-scale dairy farms, and co-operative dairy farm end-users. The dairy herd management market covered in this report is segmented – 1) By Product Type: Hardware, Standalone Software, Other Products 2) By Application: Milk Harvesting, Feeding, Breeding, Cow Comfort And Heat Stress Management, Calf Management, Health Management, Other Applications 3) By End-User: Small-scale Dairy Farms, Large-scale Dairy Farms, Co-operative Dairy Farms The dairy herd management market size has grown strongly in recent years. It will grow from $4.11 billion in 2023 to $4.48 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to growing herd size of dairy farms, rising demand for dairy products, growing herd size of dairy farms and growing production and consumption of milk and dairy products, increasing demand for dairy products, and environmental sustainability. The dairy herd management market size is expected to see strong growth in the next few years. It will grow to $6.19 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to Growth opportunities in emerging economies, growth opportunities in developing nations, rising investments and funding toward the development of dairy farms, focus on animal welfare, and globalization of dairy industry. Major trends in the forecast period include dearth of trained dairy professional, technological advancements, automation and robotics, remote sensing technologies, and predictive analytics.

Impact Of Increasing Dairy Farm Productivity On The Dairy Herd Management Market

Increasing dairy farm productivity is expected to propel the growth of the dairy herd management market going forward. Dairy farm productivity refers to the efficiency and output of milk production a dairy farm achieves. Dairy herd management systems empower users with the tools and information to optimize herd health, reproductive efficiency, feed management, and overall farm productivity. For instance, according to the Bureau of Agricultural and Resource Economics and Sciences (ABARES), a federal research branch of the Australian Government Department of Agriculture, Water, and Environment, in 2022-2023, the dairy industry in Australia achieved a record-high in farm cash revenue, with an average of $361,000 per farm, representing a 10% increase from the previous year. Therefore, increasing dairy farm productivity is driving the growth of the dairy herd management market. Major companies operating in the dairy herd management market are Merck and Co. Inc., DeLaval Inc., GEA Group Aktiengesellschaft, Pearson International LLC, Dun & Bradstreet Inc., Nedap NV, Fullwood Packo, Trioliet, Dairy Master Inc., BouMatic LLC, Alta Genetics Inc., SCR Dairy Inc., Waikato Milking Systems, Afimilk Agricultural Cooperative Ltd, Milkline, Valley Agriculture Inc., Herdwatch, Mesoblast Ltd, Farmtec, SUM-IT, FarmWizard, FBS Systems Inc., Infovet S.R.L., Lely Holdings (S.A.R.L.)

Innovative Farm Management Software Transforming Dairy Operations

Major companies operating in the dairy herd management market are developing innovative products such as farm management software systems to automate dairy farms. Farm management software is a valuable tool for farmers to optimize and manage their operations. For instance, in 2024, Afimilk Agricultural Cooperative Ltd., a US-based company developing, manufacturing, and marketing advanced computerized systems for modern dairy farms and herd management, launched AfiFarm 5.5, the most advanced herd management software. It is comprehensive, easy to use, adaptable to the unique requirements of a farm, and accessible. It has a fresh set of features and improvements and is essential to the automation and management of dairy farms. It offers features such as cow monitoring, fertility alert management, parlor automation, and data exchange management. The software is known for its user-friendly interface and powerful capabilities.

Boumatic LLC Acquires SAC Group To Cement Global Leadership In Dairy Equipment Innovation

In October 2021, BouMatic LLC, a US-based innovative dairy equipment manufacturer company based in the US, acquired SAC Group for an undisclosed amount. The acquisition is a strategic fit for BouMatic, allowing the combined business to grow as one of the few global players in the industry. This acquisition is part of BouMatic's strategy to expand its global market position and product suite, reflecting its ongoing efforts to grow and introduce innovative solutions. SAC Group is a Taiwan-based manufacturer of traditional and automatic robot milking systems. North America was the largest region in the dairy herd management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the dairy herd management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the dairy herd management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The dairy herd management market consists of revenues earned by entities by providing services such as milk production monitoring, reproductive management, nutrition management, laboratory services. The market value includes the value of related goods sold by the service provider or included within the service offering. The dairy herd management market also includes sales of milking machines, milk bulk tank, milk meters or milk weighers, feeders, water troughs, ear tag applicators, livestock scales. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The dairy herd management market research report is one of a series of new reports from The Business Research Company that provides dairy herd management market statistics, including dairy herd management industry global market size, regional shares, competitors with a dairy herd management market share, detailed dairy herd management market segments, market trends and opportunities, and any further data you may need to thrive in the dairy herd management industry. This dairy herd management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Feed Palatability Enhancers Market Definition And Segments

A feed palatability enhancer is a substance or additive used in animal feed to improve its taste, flavor, and overall sensory characteristics, thereby encouraging animals to consume the feed more willingly. The goal of feed palatability enhancers is to stimulate appetite and increase feed intake, which is essential for the overall health, growth, and performance of animals, whether they are livestock, poultry, or pets. The main product types of feed palatability enhancers are flavors, sweeteners, aroma enhancers, and texturants. Flavors are the taste experiences associated with food or drink. It includes origins such as natural, and synthetic, and it is used for overview, poultry, pets, and aquaculture. The feed palatability enhancers market covered in this report is segmented – 1) By Product Type: Flavors, Sweeteners, Aroma Enhancers, Texturants 2) By Origin: Natural, Synthetic 3) By Application: Overview, Poultry, Pets, Aquaculture The feed palatability enhancers market size has grown steadily in recent years. It will grow from $5.55 billion in 2023 to $5.77 billion in 2024 at a compound annual growth rate (CAGR) of 4.0%. The growth in the historic period can be attributed to increasing demand for high-quality animal feed, rising pet population, growing demand for natural and organic palatability enhancers, increasing livestock production, rising income. The feed palatability enhancers market size is expected to see steady growth in the next few years. It will grow to $6.61 billion in 2028 at a compound annual growth rate (CAGR) of 3.5%. The growth in the forecast period can be attributed to increasing pet population, growing demand for natural and organic palatability enhancers, increasing livestock production, increasing incorporation of technology. Major trends in the forecast period include continued growth of the market, increasing demand for products, rising incorporation of technology, growing demand for natural and organic palatability enhancers, innovative formulations and technologies for palatability enhancers.

The Surge in Livestock Farming Fueling Growth in the Feed Palatability Enhancers Market

The increase in livestock farming is expected to propel the growth of the feed palatability enhancers market going forward. Livestock farming, or animal husbandry, refers to the agricultural practice of breeding, raising, and managing domesticated animals for various purposes, including food production, fiber, labor, and other products. As incomes increase, people tend to consume more animal products, this shift towards meat-heavy diets contributes to the higher demand for livestock production. Feed palatability enhancers are used in livestock farming to improve the taste, aroma, and overall acceptability of animal feed, encouraging animals to consume it more willingly. For instance, in May 2023, according to the Government Digital Service, a UK-based government body, the entire value of livestock produced in 2022 was $24.63 billion, up $3.45 billion (16.2%) from 2021. Therefore, the increase in livestock farming is driving the growth of the feed palatability enhancers market. Major companies operating in the feed palatability enhancers market are Cargill Incorporated, BASF SE, Bayer AG, Yara International, Sumitomo Chemicals, Associated British Foods plc, Syngenta Crop Protection AG, DuPont, Israel Chemical Company, Kerry Group plc, K+S Group, Adama, Symrise AG, Elanco Animal Health, Nufarm Limited, Adisseo France SAS, Alltech, UPL Ltd., Kemin Industries Inc., Compass Minerals, Novus International, Kent Nutrition Group, Ensign-Bickford Industries Inc, Diana Foods, Biomin, Kent Feeds Inc, Nutriad, Impextraco NV, Nutreco, Tanke International Group

Innovative Product Development In The Feed Palatability Enhancers Market

Major companies operating in the feed palatability enhancers market are developing innovative solutions, such as in-feed sweetening solutions, to increase demand in the market. These sweeteners stimulate their sweet taste receptors, promoting increased feed intake when animals switch from liquid to solid feed. For instance, in November 2022, The Archer-Daniels-Midland Company, a US-based food processing company, launched scram mi sweet and specified, in-feed sweetening solutions for livestock species. They are specifically designed to activate the swine's sweet taste, emphasizing piglets at weaning. The weaning stage has demonstrated the effectiveness of in-feed sweeteners as attractants to increase feed intake, thereby supporting the animals' nutritional needs, especially during critical developmental stages.

Symrise AG Expands Market Presence And Capabilities Through Acquisition Of Wing Pet Food Ltd

In July 2022, Symrise AG, a Germany-based chemicals company, acquired Wing Pet Food Ltd. for an undisclosed amount. Through the acquisition, Symrise gains access to the rapidly expanding pet food market in the Asia-Pacific area and additional capabilities. Further, Symrise intends to improve its value proposition in taste, nutrition, and health and further diversify its offers by incorporating Wing Pet Food's experience and product line. Wing Pet Food Ltd. is a China-based research and development-oriented company focused on developing and providing pet food palatability solutions. North America was the largest region in the feed palatability enhancers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the feed palatability enhancers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the feed palatability enhancers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The feed palatability enhancers market consists of sales of feed flavors, sweeteners, palatants, and feed modifiers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The feed palatability enhancers market research report is one of a series of new reports from The Business Research Company that provides feed palatability enhancers market statistics, including feed palatability enhancers industry global market size, regional shares, competitors with feed palatability enhancers market share, detailed feed palatability enhancers market segments, market trends, and opportunities, and any further data you may need to thrive in the feed palatability enhancers industry. This feed palatability enhancers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Livestock Identification Market Definition And Segments

Livestock identification refers to the process of uniquely identifying individual animals or groups of animals for various purposes, such as traceability, disease control, and record-keeping. It involves keeping records on individual farm animals or groups of farm animals so that they can be easily tracked. The main types of livestock identification are hardware and software. Hardware refers to the physical components of a computer or any device, including its internal and external parts. And it includes various product types such as microchips, radio frequency identification tags, bolus tags, neck tags, and other identification systems, it used technologies are radio frequency identification (RFID), barcodes, global positioning systems (GPS), and others, and they are used in various applications such as in cattle, poultry, swine/pigs, and others. The livestock identification market covered in this report is segmented – 1) By Type: Hardware, Software 2) By Products: Ear Tags, Microchips, Radio Frequency Identification Tags, Bolus Tags, Neck Tags, Other Identification Systems 3) By Technology: Radio Frequency Identification (RFID), Barcode, Global Positioning System (GPS), Other Technologies 4) By Application: Cattle, Poultry, Swine And Pig, Other Applications The livestock identification market size has grown rapidly in recent years. It will grow from $2.01 billion in 2023 to $2.24 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to disease control and traceability, food safety and quality assurance, market demands for quality assurance, supply chain efficiency, globalization of trade. The livestock identification market size is expected to see strong growth in the next few years. It will grow to $3.26 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to climate change resilience, supply chain transparency, pandemic preparedness, sustainability initiatives, animal welfare concerns. Major trends in the forecast period include blockchain integration, data analytics and AI, remote sensing technologies, mobile applications and cloud solutions, environmental and climate monitoring.

Rising Demand For Animal Welfare Driving Growth In Livestock Identification Market

The increasing demand for animal welfare is expected to propel the growth of the livestock identification market going forward. Animal welfare refers to the ethical and moral responsibility humans have to ensure the physical and mental well-being of animals under their care or influence. Animal welfare demand arises due to growing public awareness and concern about the welfare of animals, driven by increased media coverage, education, and advocacy efforts. Livestock identification is employed to promote animal welfare by enabling more efficient and targeted management practices, facilitating disease control efforts, and ensuring that animals receive appropriate care and interventions to maintain their health and well-being. For instance, in 2022, according to reports published by the American Pet Products Association, Inc., a US-based non-profit association, $123.6 billion was spent on pet animal welfare in the US in 2021, which has since climbed to $136.8 billion by 2022. Therefore, the increasing demand for animal welfare is expected to propel the growth of the livestock identification market. Major companies operating in the livestock identification market are DeLaval Inc., Livestock Improvement Corporation Limited, Nedap N.V., BouMatic LLC, SCR Dairy Inc., Ceres Tag Ltd, AEG Identification Systems, Y-Tex Corporation, Afimilk Ltd, MS Schippers B.V., Avid Identification Systems Inc., Shearwell Data Ltd, IdentiGEN Limited, Quantified AG, Animana B.V., Cainthus Ltd, Connecterra B.V., Cowlar Ltd, Datamars SA, Küpsan Hayvanclk, Moocall Ltd, CowManager B.V., Allflex Livestock Intelligence Ltd

Technological Advancements Driving Innovation In Livestock Monitoring

Major companies operating in the livestock identification market are concentrating on new innovative advancements such as SenseHub Feedlotb, a software system designed to monitor livestock. This system monitors the health and well-being of cattle in feedlots. This technology uses electronic ear tags to track behavioral and biometric data, such as body temperature and activity, allowing for 24/7 monitoring of the animals. For instance, in February 2022, Merck & Co., Inc., a US-based pharmaceutical company, introduced senseHub feedlot, a new system designed to monitor the health and well-being of cattle in feedlots. This technology assists in detecting sick animals earlier, allowing for quicker evaluation and treatment, which can lead to lower treatment costs, reduced mortality, and improved treatment outcomes. The system utilizes sensors to monitor cattle temperature and movement, providing real-time data to detect potentially sick cattle earlier and more accurately than traditional visual observation. Additionally, it features an illuminating electronic ear tag that makes it easy to identify and sort cattle needing attention with less labor.

Datamars SA Acquires HerdInsight To Create a Comprehensive Livestock Performance Monitoring Solution

In June 2021, Datamars SA, a Switzerland-based global data solutions company, acquired HerdInsights for an undisclosed amount. This acquisition aimed to create a one-stop shop for dairy farmers seeking advanced livestock performance monitoring solutions, ultimately benefiting both companies and the farmers they serve. HerdInsights. is an Ireland-based manufacturer of reproductive and health monitoring systems and provides animal identification services. North America was the largest region in the Livestock identification market in 2023. The regions covered in the livestock identification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the livestock identification market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The livestock identification market includes revenues earned by entities by providing services such as RFID tagging services, ear tagging services, biometric identification services, consulting and integration services, and regulatory compliance services. The market value includes the value of related goods sold by the service provider or included within the service offering. The livestock identification market consists of sales of electronic identification (EID) tags, handling equipment, feed and nutrition products, electronic monitoring systems, branding equipment, and tattooing equipment. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The livestock identification market research report is one of a series of new reports from The Business Research Company that provides livestock identification market statistics, including livestock identification industry global market size, regional shares, competitors with a livestock identification market share, detailed livestock identification market segments, market trends and opportunities, and any further data you may need to thrive in the livestock identification industry. This livestock identification market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Precision Farming Software Market Definition And Segments

Precision farming software refers to computer programs and applications designed to optimize agricultural practices by utilizing data-driven insights and advanced technology. This is used for a variety of purposes aimed at optimizing agricultural operations and maximizing yields while minimizing inputs and environmental impact, and it empowers farmers with real-time data, enabling precise decision-making for optimized crop management. The main types of delivery models in precision farming software are local or web-based, and cloud-based. Local or web-based refers to the deployment model of precision farming software, with options ranging from locally installed software to cloud-based solutions. It includes various services such as system integrators, managed service providers, assisted professional service providers, connectivity service providers, maintenance, software upgrades, and support service providers, also uses different technologies, including guidance technology, remote sensing, and variable-rate technology, and uses different applications such as yield monitoring, field mapping, crop scouting, weather tracking and forecasting, inventory management, farm labor management, financial management, and others. The precision farming software market covered in this report is segmented – 1) By Delivery Model: Local Or Web based, Cloud Based 2) By Service Provider: System Integrators, Managed Services Providers, Assisted Professional Services Providers, Connectivity services Providers, Maintenance, Software Upgradation And Support Services Providers 3) By Technology: Guidance Technology, Remote Sensing, Variable-Rate Technology 4) By Application: Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking And Forecasting, Inventory Management, Farm Labor Management, Financial Management, Other Applications The precision farming software market size has grown rapidly in recent years. It will grow from $1.60 billion in 2023 to $1.84 billion in 2024 at a compound annual growth rate (CAGR) of 15.4%. The growth in the historic period can be attributed to rising average farm size, increased shortage of farm labor, increased swift uptake of cutting-edge technologies in precision agriculture aimed at lowering labor. The precision farming software market size is expected to see rapid growth in the next few years. It will grow to $3.22 billion in 2028 at a compound annual growth rate (CAGR) of 15%. The growth in the forecast period can be attributed to rising initiatives by government, government regulations to adopt modern agricultural techniques, rise in strain on the global food supply owing to increasing population, growing embrace of internet of things (IoT) devices in farming domains. Major trends in the forecast period include technological integration, advancements and innovations in technology, rising product innovation.

Rising Agricultural Production Fuels Growth In Precision Farming Software Market

Rising agricultural production is expected to propel the growth of the precision farming software market going forward. Agricultural production refers to the process of cultivating crops, raising livestock, and producing other agricultural commodities for human consumption, industrial use, or other purposes. Precision farming software is extensively used in agricultural production to enhance efficiency, productivity, and sustainability across various stages of the farming process. It accomplishes this by offering sophisticated farm analytics and statistics together with full visibility into the whole crop production cycle, from soil preparation to harvest. For instance, in January 2023, according to Agriculture and Agri-Food Canada, a Canada-based government department, Canada's total field crop production is projected to be 34.1% higher than in 2021. In the 2022–23 period, wheat production (excluding durum) in Canada saw a 47% increase compared to 2021–22, reaching 28.4 million metric tons, driven by expanded seeded areas and improved yields. Therefore, rising agricultural production is driving the growth of the precision farming software market. Major companies operating in the precision farming software market are Deere And Company, CNH Industrial N.V., AGCO Corporation, Trimble Inc., Topcon Positioning Systems Corporation, AgDNA Pty Ltd., Bayer CropScience Aktiengesellschaft, DTN LLC, The Climate Corporation, Iteris Inc., Granular Inc., SenseFly (Parrot SA), Microdrones GmbH, AG Leader Technology Inc., AG Junction Inc., Taranis Visual Ltd., Farmers Edge Inc., Sentera LLC, Dickey-john Corporation, CropX Ltd., PrecisionHawk Inc., Conservis Corporation, SST Software, Fairport Farm Software, Farmeron Inc., Gamaya SA, Agribotix LLC, Agremo doo, Grownetics Inc., Mapshots Inc.

Trimble Introduces Next-Generation Precision Agriculture Displays To Revolutionize The Precision Farming Market

Major companies operating in the precision farming software market are focusing on introducing technological products, such as advanced precision agriculture displays, to address evolving agricultural needs and gain a competitive edge in the market. Precision agriculture displays are specialized electronic devices or software interfaces used by farmers and agricultural professionals to monitor and manage various aspects of farming operations with precision and efficiency. For instance, in October 2022, Trimble, a US-based provider of precision farming solutions, launched the Trimble GFX-1060 and GFX-1260, innovative precision agriculture displays. These feature an Android-based operating system, enhanced processing power, and are compatible with the Trimble NAV-500 and NAV-900 Global Navigation Satellite System (GNSS) receivers and the CenterPoint correction service. Additionally, it runs with powerful Precision-IQ software to help manage all aspects of field operations and can be used to collect and manage information and data in the field and then analyze that information using farm management software.

CNH Industrial N.V. Enhances Agricultural Equipment Market Position with Acquisition of Raven Industries Inc.

In November 2021, CNH Industrial N.V., a UK-based capital goods company specializing in equipment and services for agriculture and construction, acquired Raven Industries Inc. for an undisclosed amount. This acquisition will improve its position in the agricultural equipment market by adopting precision agriculture and digital technologies, increasing innovation capabilities, accelerating precision developments, and significantly boosting our competitive position and digital strategy. Raven Industries Inc. is a US-based company that develops precision agriculture technologies and provides innovative, high-value products and systems for farmers. North America was the largest region in the precision farming software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the precision farming software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the precision farming software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The precision farming software market consists of revenues earned by entities by providing services such as data analysis and interpretation, consulting and advisory services, field services, and data management. The market value includes the value of related goods sold by the service provider or included within the service offering. The precision farming software market also includes sales of yield monitoring systems, remote sensing tools, and field mapping systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The precision farming software market research report is one of a series of new reports from The Business Research Company that provides precision farming software market statistics, including precision farming software industry global market size, regional shares, competitors with a precision farming software market share, detailed precision farming software market segments, market trends and opportunities, and any further data you may need to thrive in the precision farming software industry. This precision farming software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Rotavators Market Definition And Segments

Rotavator refers to a tractor-driven rotary tillage equipment that uses a series of blades to plow the land by cutting, pulverizing, mixing, and leveling the soil. They are used in various agricultural activities such as preparing the land for sowing seeds, incorporating crop residues, and creating a suitable seedbed. They are also used to improve soil structure, water infiltration, and weed control. The main products of rotavators are chain drive rotavators, gear drive rotavators, belt drive rotavators, and hydraulic drive rotavators. Chain drive rotavators are agricultural implements used for soil cultivation, where the rotating motion is transmitted from the power source (such as a tractor) to the rotavator blades or tines through a chain drive system. The power used for operation include tractor -mounted rotavators, self-propelled rotavators, and electric rotavators used for farming of vegetable, fruit, row crop, and other crop types for agricultural farming, horticulture, sports fields and golf courses, and other applications. The rotavators market covered in this report is segmented – 1) By Product Type: Chain Drive Rotavators, Gear Drive Rotavators, Belt Drive Rotavators, Hydraulic Drive Rotavators 2) By Power: Tractor -Mounted Rotavators, Self-Propelled Rotavators, Electric Rotavators 3) By Crop Type: Vegetable, Fruit, Row Crop, Other Crop Types 4) By Application: Agricultural Farming, Horticulture, Sports Fields And Golf Courses, Other Applications The rotavators market size has grown strongly in recent years. It will grow from $1.89 billion in 2023 to $1.99 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to increasing global population, growing demand for organic farming, reduction of manual labor in agriculture, growing food demand, rising disposable incomes in emerging markets. The rotavators market size is expected to see steady growth in the next few years. It will grow to $2.33 billion in 2028 at a compound annual growth rate (CAGR) of 4.0%. The growth in the forecast period can be attributed to increasing mechanization in agriculture, rising demand for precision agriculture solutions, increasing adoption of conservation agriculture practices, rising global population and food demand, increasing adoption of mechanized farming practices. Major trends in the forecast period include technological advancements in farming equipment, expansion of commercial farming operations, introduction of innovative farming techniques, strategic collaboration and partnership, expansion of horticulture and floriculture sectors.

Mechanization In Agriculture Boosts Rotavator Market Growth

The increasing adoption of mechanized farming practices is expected to propel the growth of the rotavator market going forward. Mechanized farming practices refers to the adoption of machinery and technology to perform farming tasks traditionally carried out by manual labor, aiming to increase efficiency, productivity, and overall agricultural output. Mechanization allows for the cultivation of challenging land, improving land utilization, and expanding the variety of crops that can be grown. The use of rotavators allows for soil preparation without requiring large amounts of labor, ultimately leading to improved soil health, higher agricultural output, and increased overall productivity. For instance, in 2021, according to the Department of Agriculture (USDA), a US-based government agency, the adoption of mechanized farming practices has been steadily increasing over the years, with data indicating that the total number of tractors on U.S. farms increased by 4% from 2021 to 2023, highlighting the trend towards mechanization in agriculture. Therefore, the increasing adoption of mechanized farming practices is driving the growth of the rotavator market. Major companies operating in the rotavators market are Deere & Company, CNH Industrial N.V., Kubota Corporation, Mahindra & Mahindra Ltd., AGCO Corporation, Greaves Cotton Limited, Yanmar Co. Ltd., Valmont Industries Inc., Bucher Industries AG, CLAAS Group, Sonalika International Tractors Ltd., Foton Lovol International Heavy Industry Co. Ltd., Alamo Group Inc., SDF S.p.A., Escorts Group, TAFE - Tractors and Farm Equipment Limited, Lemken GmbH & Co. KG, Väderstad AB, Action Construction Equipment Ltd., Bobcat Company, Kuhn Group, Daedong-USA Inc., Zetor Tractors a.s., Harsons Ventures Private Limited, International Tractors Limited

Mahindra & Mahindra Revolutionizes Agriculture With Innovative Mahavator Rotavator

Major companies operating in the rotavator market are focusing on innovative products such as Mahindra Mahavator to gain a competitive edge in the market. Mahindra Mahavator rotary tillers are designed for use with Mahindra tractors and are used for soil cultivation tasks such as seedbed preparation, weed control, and mixing organic matter into the soil. For instance, in August 2021, Mahindra & Mahindra's, an India-based automotive manufacturing corporation, launched the Mahindra Mahavator, a heavy-duty rotavator designed for exceptional performance and durability in a variety of agricultural conditions. It is designed to work with tractors ranging from 33 to 52 HP, providing fuel-efficient operation. This launch introduces digital farming solutions and cutting-edge agricultural equipment, contributing to the modernization of the farming industry.

John Deere Partners With Kramp To Enhance Agricultural Offerings In Europe

In February 2022, John Deere, a US-based manufacturer of agricultural and construction equipment partnered with Kramp. The partnership aims to provide rotary tillers and other agricultural implements to farmers across Europe and provide a comprehensive range of parts, including John Deere's original, remanufactured, and Alternatives by John Deere parts, as well as Kramp's extensive product portfolio, to dealers and customers via a modern online platform. The partnership is designed to enhance customer and dealer satisfaction by offering a one-stop-shopping solution for complementary parts and by providing technical, marketing, and retail expertise to increase sales via John Deere retail showrooms. Kramp is a Netherlands-based agricultural machinery manufacturer. North America was the largest region in the rotavators market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the rotavators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the rotavators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The rotavators market consists of sales of L-type rotavators and C-type rotavators. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The rotavators market research report is one of a series of new reports from The Business Research Company that provides rotavators market statistics, including rotavators industry global market size, regional shares, competitors with a rotavators market share, detailed rotavators market segments, market trends and opportunities, and any further data you may need to thrive in the rotavators industry. This rotavators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Agritech Market Definition And Segments

Agritech (agricultural technology) is applying modern technology, science, and innovation in the agricultural sector to enhance productivity, efficiency, sustainability, and profitability. It encompasses various technologies and applications, including precision agriculture, automation, data analytics, and biotechnology, aimed at improving various aspects of the agricultural value chain, from cultivation and harvesting to distribution and marketing. The main types of agritech are big data and analytics, biotechnology and biochemicals, mobility, sensors and connected devices, and others. Big Data and Analytics refer to the process of collecting, organizing, and analyzing vast amounts of data to uncover valuable insights and make informed business decisions. It is used in various applications, including production and maintenance, irrigation, supply chain, marketplace, and others, and employed in various sectors such as precision farming, agriculture, agrochemicals, smart agriculture, biotechnology, indoor farming, and others. The agritech market covered in this report is segmented – 1) By Type: Big Data And Analytics, Biotechnology And Biochemical, Mobility, Sensors And Connected Devices, Other Types 2) By Application: Production And Maintenance, Irrigation, Supply Chain, Marketplace, Other Applications 3) By Sector: Precision Farming, Agriculture, Agrochemicals, Smart Agriculture, Biotechnology, Indoor Farming, Other Sectors The agritech market size has grown rapidly in recent years. It will grow from $27.12 billion in 2023 to $30.63 billion in 2024 at a compound annual growth rate (CAGR) of 13.0%. The growth in the historic period can be attributed to green revolution, advancements in agricultural machinery, introduction of genetically modified organisms (GMOs), adoption of precision agriculture. The agritech market size is expected to see rapid growth in the next few years. It will grow to $48.01 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to digital transformation in agriculture, climate-smart agriculture, biotechnology innovations, rise of agricultural robotics and automation. Major trends in the forecast period include digital farming and precision agriculture, vertical farming and indoor agriculture, sustainable and regenerative agriculture, growing blockchain and supply chain transparency, robotics and automation in agriculture.

Agritech Revolutionizes Food Production Amidst Growing Demand

The growing food demand is expected to propel the growth of the agritech market going forward. Food is any substance that provides essential nutrients for growth and health, is sourced from plants or animals, and is consumed for physiological functions. This demand arises from population growth, urbanization, and changing dietary preferences. Agricultural technology is extensively used in food production to enhance efficiency, productivity, and sustainability in farming practices to meet the growing global demand for food. For instance, according to reports published by the U.S. Bureau of Labor Statistics, a U.S. government agency, average household spending on food increased by 12.7% in 2021 and 2022. This hike was fueled by a 20.1% increase in spending on meals away from home and an 8.4% increase in spending on food at home. Furthermore, according to the Organic Trade Association, a US-based business association, organic food sales in the United States reached unprecedented levels in 2021, experiencing a remarkable surge of 12.4%, totaling $61.9 billion. Therefore, the growing food demand is driving the growth of the agritech market. Major companies operating in the agritech market are Cargill Incorporated, Archer Daniels Midland Company (ADM), BASF SE, Wilmar International Limited, Bunge Limited, Dow AgroSciences LLC, Bayer Crop Science AG, Deere & Company, Nutrien Ltd., Syngenta Group AG, Olam International Limited, Yara International ASA, CNH Industrial NV, Sumitomo Chemical Company Limited, Kubota Corporation, The Mosaic Company, Corteva Agriscience Inc., The Andersons Inc., Land O'Lakes Inc., Tractor Supply Company, Ball Corporation, Tetra Pak Group, AGCO Corporation, Darling Ingredients Inc., Calavo Growers Inc.

Agritech Giants Embrace Climate-Adapted Release Technology For Sustainable Agriculture

Major companies operating in the agritech market focus on developing innovative technologies such as Starskii and cart climate-adapted release technology to enhance biocontrol in agriculture, explicitly targeting thrips and whitefly infestations across various crops and environments. This technology (CART) refers to methods or strategies used in agriculture and environmental management to introduce or release organisms (such as plants, animals, or microorganisms) specifically adapted to thrive in changing climate conditions. For instance, in March 2021, Bioline Agroscience, a UK-based agritech company that provides biological control products, launched starskii and cart climate-adapted release technology to strengthen its commitment to growers, farmers, and the environment. It utilizes amblyseius swirskii to manage thrips and whiteflies in various crops and environments effectively. This technology combines the adaptability of Amblyseius swirskii with a new release system under cart technology, ensuring optimal control of pests. Additionally, it features optimized control, adaptability, high fidelity, and an environmentally friendly approach. These features collectively make a valuable solution for growers seeking effective and sustainable pest control in agriculture.

Mahindra & Mahindra Cultivates Growth With MITRA Agro Equipments Acquisition

In October 2022, Mahindra & Mahindra, an India-based automotive manufacturer, acquired MITRA Agro Equipments for an undisclosed amount. Through this acquisition, Mahindra & Mahindra aims to strengthen its position in the agricultural equipment sector, diversify its product portfolio, and tap into the high-growth potential of the horticulture market. MITRA Agro Equipments is an India-based agritech company that manufactures agricultural spraying machines specializing in horticulture crops. North America was the largest region in the agritech market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agritech market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the agritech market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The agritech market consists of revenues earned by entities by providing services such as precision agriculture solutions, inventory management, financial tracking, crop rotation planning, livestock management, and supply chain optimization. The market value includes the value of related goods sold by the service provider or included within the service offering. The agritech market also includes sales of precision agriculture tools, farm management software tools, crop protection products, indoor farming systems, and soil health and fertility products. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The agritech market research report is one of a series of new reports from The Business Research Company that provides agritech market statistics, including agritech industry global market size, regional shares, competitors with a agritech market share, detailed agritech market segments, market trends and opportunities, and any further data you may need to thrive in the agritech industry. This agritech market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.