We will be discussing the 12 most advanced nations in agriculture technology in this article. Skip our detailed analysis on the agricultural industry, the looming problem of food insecurity, and trends to look out for in 2023 and instead go straight to 5 Most Advanced Countries in Agriculture Technology.
UN data shows that 40% of land has been left too damaged for productive agriculture due to unsustainable agricultural practices. 90% of the world’s overall topsoil further at risk by 2050. If that wasn’t bad enough, there’s an 11 gigaton GHG mitigation gap between the anticipated agricultural emissions by the mid-century, and the target level required to hold temperatures from rising above 2°C.
Further, agriculture requires 70% of the world’s fresh water supply, which we are quickly running out of. Pew Trusts notes More than half of the world’s population will live in areas that are water stressed by 2025. UN estimates show that the human population could reach 10 billion in 2050. Consequently, food demand is projected to rise by 59%. 98%Harvard Business Review noted that it is.
Food production must increase to keep up with demand. 50% However, pushing this rate at the current conditions is not sustainable. All other things being equal, it would be too extreme in the overshoot area.
Given the dire state of the situation, and the momentum that the population projection is currently gaining, technology is the best option to avoid a crisis which could otherwise lead to mass hunger, civil unrest, or chaos on a global scale. This is where agricultural technology, also known as agritech, will be crucial in the future.
Agritech Industry Analysis
These facts are reflected in the quantitative projections regarding the agritech sector. It was valued in 2021 at $19.5 billion and is projected to reach $19.5 billion by 2021. $46.4 billion By 2030, the CAGR will be solid at 17.3% Spherical Research’s market insights.
The US government is expected to support the agritech market with subsidies. This is due to the current emergency that has been included in the forecast. However, investment in Agri-Tech has been hampered by supply-chain restrictions and stagflation. This could cause delays to the timeline.
The 2023 Trends and Key Agritech Players to Watch
The most important decisions agricultural technologies It has to do with sustainability as it is the most urgent problem facing the sector.
This is how it works regardIndoor Vertical Farming has been demonstrated to be a valuable technology that reduces land and water consumption by 99%, and 70%, respectively. AeroFarms (USA), InFarm and Agricool are three of the most prominent players in this sector. They are located in France, Germany and France.
Then there’s N-Drip micro-irrigation systems that save 50% in water usage while improving crop yield. Lindsay Corporation (NYSE) is a major player in micro-irrigation.LNN) and The Toro Company (NYSE:TTC), among others.
Some Information-Technology companies are also involved in the business. Microsoft Corporation (NASDAQ):MSFT)’s FarmBeats uses machine learning and cloud computing to track soil temperature and moisture to assist in efficient irrigation management to conserve water.
Most countries that are highly advanced in agritechnology have two things in their common: high agricultural output and advanced economies. These countries are forced to invest in innovation in agriculture to increase their outputs and sustain them.
Let’s move on to the list of 12 most advanced countries in agriculture technology.
For our list of 12 most advanced countries in agriculture technology, we’ve ranked them based on the number of agri-technology startups operating in the countries. We’ve sourced the data from TracxnThe premier platform for tracking startups in more than 230 countries.
We’ve also discussed the important companies, as well as other factors like investment and practical implementation of these technologies.
12. South Korea
Number of Agri-Tech Startups : 72
South Korea has a GDP of $1.8 trillion, making it one of the most technologically advanced and wealthy countries in East Asia. The country’s agricultural sector accounted to 1.84% of its GDP. Rice is the main crop of the country.
In the country, smart-agriculture has taken root. In 2014, smart farms and smart livestock were only available on 405 hectares and 23 households respectively. These numbers have risen to 6,485 4.743 households of livestock and hectares respectively.
South Korea is home to many notable startups who are working to disrupt the agricultural industry and solve issues related to sustainability. Green Labs and G+ Flas Life Sciences are some of the most prominent companies.
Number of Agri-Tech Start-ups: 76
Japan is another East Asian nation on the top 10 list for agricultural technology. According to the World Bank, 1% of Japan’s GDP was made up by agriculture in 2022. Japan wants to double its agricultural exports, which were $9 billion in 2019, and more. Japan aims to export $19 billion Sensing market demand, agricultural products will be worth $1.66 billion by 2025. Japan’s agritech industry is valued at $1.66 Billion.
The technology-driven transformation of the nation in Far East Asia’s agricultural sector is happening in this order. Routerek and Spread are two examples, both highly innovative, of companies disrupting the agricultural industry. The first produces hydroponically grown lettuce, while the second uses sensor-based drip irrigation systems.
Routerek’s business model in irrigation efficiency is similar to those of Lindsay Corporation, The Toro Company (NYSE :TTC), and Microsoft Corporation (NASDAQ :MSFT).
10. New Zealand
Number of Agri-Tech Startups : 185
Agriculture made up 5.65% of New Zealand’s GDP in 2019, per Statista figures. New Zealand’s agritech sector is healthy and contributes to its economy $1.5 billion to the country’s export economy, according to the official numbers from the government.
BioLumic, Opo Bio are two examples of startups. The former manufactures and supplies ultraviolet equipment as well as treatment solutions to enhance crops’ pest/disease resistance, yield and hardiness. Cell-culture-based meat products are developed by the latter to offset the negative impact of cattle farming.
Number of Agri-Tech Startups : 225
Israel is a significant country in the field of advanced agricultural technology. Simcha Blass, who invented drip irrigation, is a highly efficient irrigation system that uses 20-50% less water than traditional methods.
A prominent Israeli water expert, Professor Uri Shani is also credited with developing the N-Drip micro-irrigation method. This system further reduces the cost of expensive water filters and pumps, and cuts down on water consumption by 50%.
This is possible because of the country’s innovative atmosphere. 28 times There was more venture capital per person than the United States in 2021 despite the fact that the US has some of the largest companies in the globe, such as Lindsay Corporation(NYSE:LNN), The Toro Company [NYSE:TTC] and Microsoft Corporation (“NASDAQ:MSFT”).
Kaiima and Equinom are some of the most prominent agritech companies Israel has to offer.
Number of Agri-Tech Startups 292
France is Europe’s largest producer of agricultural products. Agricultural output accounted for 1.6% of the country’s GDP in 2021. There are 292 agritech startup companies in the country as of 2022.
Agronutris, Limagrain, and Ynsect are just a few of the many. Ynsect develops insect cultures that transform cereals into nutrient-rich pet food.
Limagrain is involved with the supply and production of GMO and other non-GMO-based plants, while Agronutris produces organic fertilizers based on insects.
297 Agri-Tech Startups
France is second in agricultural output but Germany has slightly higher numbers of agritech startup companies than France. In Germany, there are 297 agritech startup companies as of 2022.
The EU leader has a strong business and according to Global Data The country’s agritech sector is estimated to be worth nearly $0.6 billion by 2021. This represents an increase of almost 1% YoY. 14%. Infarm and FarmInsect are the top two startups in this sector. While agritech has the smallest share in the overall number of startups in Germany, the R&D done in the country is highly impactful. According to the National Science Foundation, Germany’s share in the global Knowledge and Technology Intensive (KTI) industries output is 6%It is one of the top in the world.
6. The Netherlands
Number of Agri-Tech Start-ups: 320
The Netherlands is located in Northwestern Europe. It is the country with the second highest export of agricultural products after the United States.
The BBC has described the country as follows: Washington Post As well as by World Economic Forum As a model To follow technology-based sustainable farming. The country committed to producing twice as many food as it used in its resource consumption twenty years ago.
National Geographic noted that the initiative led to farmers in the country decreasing their dependence on water for major crops by up to 90%.
Pesticides have been almost eliminated. Duijvestijn tomatoes grown in greenhouses with geothermal energy or hydroponic systems, which use less water, are also virtually extinct. All this is possible because of a culture of innovation. Protix, DNA Genetics, and PlantLab are some of the most successful startups.
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Disclosure: none. 12 Countries with the Most Advanced Agriculture Technology Original publication on Insider Monkey