Impact of COVID-19 on technologies and


New York, May 05, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Impact of COVID-19 on Food & Agriculture Technology and Products Market: Segmented By: Industry, By Technology, And Region – Global Analysis of the market size, share and trends for 2019-2021 and forecast to 2031” – https://www.reportlinker.com/p06272880/?utm_source=GNW

Product presentation
Food and agricultural technologies are used to develop food products and agricultural machinery. Different technologies such as humidity and temperature sensors, robots, aerial photography, GPS technology are used in agricultural and food production. Efficient, safe and environmentally friendly businesses are developed using various modern technologies and robotic systems. agricultural technologies mainly used by farms are harvest automation, autonomous tractors, seeding and weeding and drones.

Market Highlights
The global food and agricultural technologies and products market is expected to project a notable CAGR of 9.2% in 2031.

Expanding population along with growing awareness of organic food products is increasing the need for agricultural production which in turn is expected to increase the demand for food and agricultural technologies in the coming years. Furthermore, an increasing number of initiatives implemented by governments of both developed and developing countries to encourage the use of modern technology are expected to accelerate the growth of the industry during the forecast period.

Global food and agriculture technology and products: segments
Agriculture Segment Expected to Grow with Highest CAGR in 2021-31

The global food and agriculture technologies and products market is categorized based on industry into animal, agriculture, cold chain, food and beverage, and cannabis. The agricultural segment accounted for the largest market share in the global food and agricultural technologies and products market. Agricultural products and equipment are widely available and also used in a different type of cultivation which is expected to boost the agricultural industry shortly. The increase in food consumption due to increase in population across the world is expected to create a huge demand for food and agricultural technologies in the agricultural industry. Factors such as limited natural resources, growing demand for pesticide and herbicide free foods and the need to reduce the carbon footprint of traditional farms are expected to continue to drive sales in the years to come.

Cold Chain Technology Segment Expected to Grow with Highest CAGR in 2021-31

Based on technology, the global food and agricultural technologies and products market is fragmented into cold chain technology, food and beverage GPS technology, satellite imaging technology, others. Cold chain technology is used to increase the shelf life of a product by slowing the growth of germs as well as reducing the breakdown of putrescible foods. growing demand for cold chain technology due to growing demand for perishables via online channels and improved interconnections of business networks across the globe.

Market dynamics
Drivers

Increased demand for agricultural production

Rising demand for agricultural production due to increase in population is expected to drive the growth of the food and agricultural technologies and products market during the forecast period. In addition, modern agricultural technologies are being used by larger-scale farms, resulting in the growth of the market for food and agricultural technologies and products. The major factors contributing to the growth of the food and agricultural technologies and products market are growing consumer capacity, increased consumer awareness of food safety, and initiatives implemented by governments.

Technological advances

Technological advancements are accelerating the adoption of advanced agricultural practices globally and accelerating the market growth of food and agricultural technologies and products. Some great smart farming technologies are most often used for end-to-end farm management, greenhouse automation, livestock monitoring, and weather information.

Detention
High cost investment

High investment and maintenance costs of technologies are estimated to hamper the growth of the global food and agricultural technologies and products market. Inadequate regulatory frameworks and supporting infrastructure in developing countries is significantly hampering the growth of the food and agricultural technologies and products market.

Global Food and Agriculture Technology and Products: Key Players
Daikin
Company overview, business strategy, key product offerings, financial performance, key performance indicators, risk analysis, recent development, regional presence, SWOT analysis

United Technologies
ADM
Evonik
Deere and company
Zoetis
Pentair
Intertek
Serve the assets
SGS S.A.
Neogene
Other top players
Global food and agriculture technology and products: regions
The global food and agricultural technologies and products market is segmented on the basis of regional analysis into five major regions: North America, Latin America, Europe, Asia-Pacific, and Middle East and Africa. The Asia-Pacific digital food and agriculture technologies and products market is expected to witness remarkable growth during the forecast period. Increasing disposable income and improving living standards of consumers are expected to accelerate the growth of the food and agricultural technologies and products market. Due to increasing urbanization and fast-paced lifestyle, people are choosing ready-made food products that are driving growth in this region.

Impact of Covid-19 on the Food and Agricultural Technologies and Products Market
Growing demand for high quality food products and higher safety standards. Demand for food and agricultural technologies and products has increased due to labor shortages and supply chain disruptions.

Global Food and Agriculture Technology and Products are further segmented by region into:

North America Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – US & Canada
Latin America Market size, share, trends, opportunities, annual growth, CAGR – Mexico, Argentina, Brazil and rest of Latin America
European Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – UK, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Market Size, Share, Trends, Opportunities, YoY Growth, CAGR of Asia-Pacific Market – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
Middle East & Africa Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – North Africa, Israel, GCC, South Africa & Rest of MENA
The Global Food & Agriculture Technology and Products report also contains analysis on:
Technology and food and agricultural sectors:

By industry
Animal
Agriculture
The cold chain
food and drinks
Cannabis
By technology
cold chain technology
Food and Beverage GPS Technology
Satellite imagery technology
Others
Dynamics of food and agriculture technologies and products
Size of technology and food and agricultural products
Offer and demand
Current trends/issues/challenges
Competition and companies involved in the market
Market value chain
Market drivers and restraints
Scope and segmentation of the Food and Agriculture Technology and Products market report
Report attribute details
The value of the market size in 2021 548 billion USD
Revenue forecast in 2031 1,318.9 billion USD
CAGR growth rate of 9.2% from 2021 to 2031
The base year for the 2020 estimate
Quantitative Units Revenue in Million USD and CAGR from 2021 to 2031
Report Coverage Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
Segments Covered Industry, Technology and Region
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)
Major companies featured Daikin, United Technologies, ADM, Evonik, Deere and Company, Zoetis, Pentair, Intertek, Signify Holdings, SGS SA, Neogen and other important players.
Read the full report: https://www.reportlinker.com/p06272880/?utm_source=GNW

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