In this text, we focus on the 13 most superior international locations in agriculture know-how. You can skip our detailed evaluation of the agricultural trade, key agritech gamers and traits to look at in 2023, and go on to 5 Most Advanced Countries in Agriculture Technology.

Why the necessity for Agriculture Technology?

Agriculture is taken into account a vital ingredient for financial development in a rustic. It has a 4% share in world GDP. The world inhabitants is rising and it’s anticipated that it’ll attain a staggering 10 billion by 2050. In 2022 alone, 783 million individuals have confronted starvation. In such a situation, it turns into incumbent to be ready for assembly the meals wants of such a big quantity, which is estimated to extend by 50%. Furthermore, additionally it is felt that the goal shouldn’t be solely to supply extra meals however to make sure that it’s produced sustainably.

At the top of the day, agriculture technology appears to be the reply to up to date issues. It permits the manufacturing of meals by new methods together with vertical farming in addition to different proteins dairy merchandise. Agriculture know-how may help transfer the world in the direction of producing sustainable methods of meals and making certain the protection of our planet and future generations. With catastrophic climatic modifications, 70% of world’s contemporary water provide utilized in agriculture and widespread land degradation, with out agricultural transformation, there may be going to be no future. Thus, agriculture know-how, mostly often known as agritech, has change into exceedingly essential for a lot of international locations.

Agriculture Technology Industry forecast

Spherical Insights has positioned the worldwide agritech market dimension at $22,142.7 million in 2022, which is anticipated to develop at a CAGR of 13.1% from 2022 to 2032. Is has additionally been predicted that North America would develop the quickest throughout this era.

Among numerous agricultural technological developments, precision agriculture is estimated to achieve a worth of $12.9 billion by the 12 months 2027. It is anticipated that this instrument would assist enhance the crop yields by 10-20%, together with a 30-50% discount in water and chemical enter utilization.

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Many international locations like China, Brazil, Russia, the United States and India — are enjoying a vital function in altering world agriculture panorama. 1,773 agritech corporations, globally, have obtained investment from 2000-2021. Of these 474 are headquartered in Europe.

Technological Solutions

There are multifarious agriculture applied sciences which have erupted in response to the present dilemma. These embody AI, drone know-how, e-commerce enter markets, robotics, IoT, blockchain, GIS software program and GPS agriculture, satellite tv for pc imagery, merging datasets, indoor vertical farming, precision agriculture, automated irrigation methods, automated milking methods and chemical pest controls.

These options are poised to handle many issues, together with low productivity, excessive enter prices, risky costs, lack of market entry and poor infrastructure.

Key Agri-Tech Players and Trends to Watch in 2023

Addressing the direst want of the agriculture sector — sustainability — decisive agricultural technologies are the very best resolution.

For occasion, Indoor Vertical Farming is a type of agriculture know-how, which might cut back land and water utilization by 99% and 70% respectively. Prominent corporations adopting this system are AeroFarms, Arcadia Biosciences Inc. (NASDAQ: RKDA), Origin Agritech Limited (NASDAQ: SEED), InFarm and Agricool, primarily based within the US, China, Germany and France, respectively.

Origin Agritech Limited (NASDAQ: SEED) is a vertically built-in know-how firm, that makes a speciality of agricultural biotechnology analysis, improvement manufacturing, sale and distribution of crop seeds. Arcadia Biosciences Inc. (NASDAQ: RKDA) is a frontrunner in science-based methods for enhancing the standard and dietary worth of crops and meals substances and making use of the corporate’s proprietary crop innovation know-how — ArcaTech™.

Another technological innovation that saves 50% in water utilization while enhancing crop yield is N-Drip micro-irrigation methods. Major corporations growing this tech embody Lindsay Corporation (NYSE:LNN) and The Toro Company (NYSE:TTC), amongst others.

Let’s transfer on to the checklist of 13 most superior international locations in agriculture know-how.

A farmer in a subject, surveying the elevated yields of a crop cultivated with agricultural know-how.

Our Methodology

For our checklist of 13 most superior international locations in agriculture know-how, we’ve ranked them primarily based on the variety of agri-technology startups working within the international locations. We’ve sourced the information from Tracxn, a premier platform that tracks startups in several international locations throughout greater than 230 sectors. We’ve additionally talked about some essential agritech corporations in every nation.

Most Advanced Countries in Sustainable Agriculture

13. Japan

Number of Agri-Tech Startups: 120

Japan is likely one of the prime East Asian nation on the checklist of most superior international locations in agriculture know-how. They are anticipated to have a $5.789 trillion GDP for the 12 months 2023. Agricultural sector accounted for 1% of its GDP in 2022, in keeping with the World Bank. Japan goals to double their agriculture exports from 2019, which on the time have being recorded at $9billion. In anticipation of the market want, the nation goals to export $19 billion price agricultural merchandise by 2025.

The authorities can be conscious of the necessity for additional improvement within the sector. With that in thoughts, the latest amendment in April 2023 of permitting firms to personal agricultural land has come within the midst of a most wanted stimulus for younger agriculturalists. The nation can be remodeling its agricultural trade by know-how.  Spread and Routerek are two examples of extremely progressive corporations which are creating waves within the trade. While Spread produces hydroponically grown lettuce, Routerek has developed sensor-based methods for drip irrigation.

12. South Korea

Number of Agri-Tech Startups: 129

South Korea is likely one of the largest economies, rating at quantity 13 and very superior, as depicted by its sixth rating in Global Innovation Index for the 12 months 2022.  It has a GDP dimension of $1.665 trillion as of 2022. In the identical 12 months, its agriculture sector accounted for 1.6% of its GDP. The nation has rice as its essential crop.

Smart-agriculture ecosystem has been gaining significance within the nation. In 2014, solely 405 hectares of land and 23 households have been concerned in sensible farms and sensible livestock respectively. As of 2021, these figures have jumped to 6,485 hectares of land and 4,743 livestock households.

South Korea has been capable of ignite some startups which are certain to be conducive in the direction of massive scale agricultural sustainability. Some main corporations embody Tridge, N-THING, Green Labs, G+ Flas Life Sciences and EGG Tube.

11. New Zealand

Number of Agri-Tech Startups: 290

Agricultural commodities have a big function in New Zealand’s financial system. Dairy is the most important chunk of the nation’s whole exports. Aside from agriculture produce, their agri-tech sector can be robust, contributing $1.5 billion to the nation’s export financial system, in keeping with the official information.  The authorities acknowledges the function that agriculture know-how has to play in export, surroundings and business acquire. They hope to take the sector’s contribution to $8 billion of their financial system, by 2030.

Prominent startups embody BioLumic, Robotics Plus and Sprout Agritech. BioLumic manufactures and provides ultraviolet gear in addition to remedy options to reinforce crops’ pest/illness resistance, yield and hardiness. Robotics Plus has developed robotic gear for horticulture produce dealing with, whereas Sprout Agritech offers companies to ag-tech and meals tech companies to develop globally.

10. Italy

Number of Agri-Tech Startups: 329

Italy has come an extended solution to turning into one of many prime economies of the world. It has additionally change into one of many main international locations in agritech. Most lands beneath cultivation consists of hilly areas the place agriculture has solely been made attainable by numerous methods like terracing, irrigation and soil administration.

As one of many largest meals processors and agricultural producers within the EU, the agriculture sector makes up about 2% of GDP for the nation. They are additionally diligently pursuing agritech strategies for agriculture. Only lately, Kagome Co., Ltd., NEC Corporation and DXAS Agriculture Technology LDA, has made a three way partnership to introduce an ICT platform “CropScope” which is a mix of  AI farming recommendation and automated irrigation management capabilities suitable with pulse drip irrigation, in northern Italy for tomato fields.

Some of the nation’s prime agritechs embody xFarm — supplier of farm administration options consisting of IoT instruments and Agricolus — a supplier of technological options for precision agriculture choice help.

9. Israel

Number of Agri-Tech Startups: 348

Israel is likely one of the prime international locations in agriculture know-how. While the nation’s entire financial system grew considerably by 2022, the tech sector alone made-up 18.1% of the GDP.

Furthermore, the nation has a lot to boast with being foremost in technological improvements like Drip irrigation and N-micro irrigation methods. They have a serious function in revolutionizing the irrigation system by significantly lowering water utilization and costly gear like pumps and water filters.

However, with the excessive inflow of enterprise capital (28 times extra enterprise capital per capita than the United States in 2021) it’s no surprise that they’ve made leaps in producing progressive options. This is despite the truth that the US is dwelling to a few of the greatest agtech corporations on the earth like Lindsay Corporation (NYSE:LNN) and The Toro Company (NYSE:TTC).

Some of those progressive start-ups in Israel embody agritech corporations like Netafim, Kaiima, Equinom and Fieldin.

8. France

Number of Agri-Tech Startups: 445

Standing together with the United States, United Kingdom, Italy, Japan and Germany, France is likely one of the greatest economies of the world. While agriculture makes up about 2% of the nation’s GDP, France is a number one agricultural nation in Europe, making up greater than one-fifth of the full worth of product. They are additionally taking lively half in technologically superior agriculture by using IT tools like robotic milking cows, information gathering and digital fruit and vegetable markets.

There are many agritech corporations in France. For occasion Limagrain which is producing and distributing GMO and non-GMO seeds. Ceva- a developer and provider of animal well being therapeutics, and Agronutris which is a producer of insect-based natural fertilizers.

7. Germany

Number of Agri-Tech Startups: 462

Germany is the fourth largest financial system of the world, after the US, China and Japan, and the biggest financial system in Europe. While the nation has second highest agricultural output after France, their variety of agritech startups is larger. As of 2023, 462 agritech startups are working in Germany.

According to Global Data, the agritech trade’s worth amounted to $0.6 billion in 2021, with a YoY enhance of 14%. The nation could be very lively in analysis and improvement of the agriculture know-how, which could be very efficient for the sector. According to the National Science Foundation, the nation’s contribution to the worldwide Knowledge and Technology Intensive (KTI) industries output is likely one of the highest on the earth, at 6%.

Its outstanding startups embody Infarm and Plantix. InFarm is a producer of herbs and greens utilizing IoT-powered indoor hydroponic vertical farms. Plantix, alternatively, is an app-based platform providing AI-based plant illness analysis.

6. The Netherlands

Number of Agri-Tech Startups: 516

As the second largest exporter of agricultural merchandise after the United States, Netherlands occupies an essential place within the checklist of essentially the most superior international locations in agtech.

The nation has made a fantastic title within the technology-based sustainable agriculture sector. Famous publications like  Washington Post in addition to by World Economic Forum, have honored the nation by labeling it as a model to observe. A twenty 12 months outdated resolve for growing meals availablity to double the useful resource use quantity, supplied a powerful stimulus to the farmer trade. According to National Geographic, farmers have significantly decreased water utilization required for crops to a considerable diploma of 90%.

The nation continues to invent distinctive methods of combating native agricultural points like crop range and underground drainage methods. The reliance on pesticides have additionally been decreased and Duijvestijn tomatoes are grown in greenhouses utilizing new applied sciences like geothermal power and hydroponic methods the place water demand is kind of low.  Among numerous corporations employed in technological innovation, just a few startups embody Protix, DNA Genetics and PlantLab.

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Disclosure: None. 13 Most Advanced Countries in Agriculture Technology is initially revealed on Insider Monkey.