With the global population expected to double by 2050, a growing need for a wide variety of agro technologies is expected to drive the market for agro tech.
With the market expected to expand by 60% in the next decade, a significant increase in the demand for agrotechnical solutions will likely drive a surge in sales.
The World Agro Tech Association (WATAA) has released its annual report for 2017.
In the report, WATAA projects that global sales of agrotech products are expected to increase by 55% by 2020.
Agrotech technologies are a rapidly growing sector with a market share of over 5% worldwide.
The world is rapidly becoming agro hub with the adoption of new technologies such as hybrid agro, agro biosensors, and agrotechnology.
With a growing market share, the agro technology sector is expected continue to grow and provide opportunities for the agri-tech industry to become an integral part of the global economy.
As the market continues to expand, a wide range of agronomic technologies are poised to be adopted by the agrotecho industry.
In fact, the market is expected expand from $6.7 billion in 2018 to over $11 billion in 2019.
In 2019, the average value of agroculture products sold worldwide is expected be over $8.4 billion.
However, the total market size of the agroscience sector is estimated to grow from $13.6 billion to over 22.6 trillion dollars.
The agrotech market will continue to be the largest agro sector in the world by 2020, with sales expected to be over 6 trillion dollars in 2020.
A key question for the AgroTech market is whether the market will grow from a $7 billion to a $10 billion market size.
The market has grown from an estimated $4.5 billion in 2015 to over 5 trillion dollars today.
With these growing numbers, it is important to know how agro companies will respond to the increased demand for the technologies.
The Agrotech industry is growing rapidly and the demand is expected grow by an average of 7.2% per year in 2019, according to WATAAAA.
Agrotech technology is expected become a more prominent component of the food system in 2019 as a result of these new technologies.