Global Digital Farming Market Gaining Momentum—Projected to Reach USD 10,702.3 Million by 2027 - PowerPoint PPT Presentation

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Global Digital Farming Market Gaining Momentum—Projected to Reach USD 10,702.3 Million by 2027

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The global digital farming market has reached USD 4,770.8 million in 2020. It is further projected to reach USD 10,702.3 million by 2027, at a CAGR of 12.7% during the forecast period (2021-2027). – PowerPoint PPT presentation

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Title: Global Digital Farming Market Gaining Momentum—Projected to Reach USD 10,702.3 Million by 2027


1
  • Global Digital Farming Market
  •  

2
Global Digital Farming Market Gaining
MomentumProjected to Reach USD 10,702.3 Million
by 2027 
  • A study recently conducted by the strategic
    consulting and market research firm, BlueWeave
    Consulting revealed that the global digital
    farming market was worth USD 4,770.8 million in
    2020 and is further projected to reach USD
    10,702.3 million by 2027, at a CAGR of
    12.7 during the forecast period (2021-2027).
  • Reduction in greenhouse gas emission with the
    use of digital farming techniques
  • Agriculture has been a significant profession for
    as long as humans have existed on the planet.At
    the same time, agricultural production is the
    major source of CO2 pollution in the global food
    system, which contributes negatively to climate
    change. According to the Consultative Group on
    International Agricultural Research (CGIAR), the
    global food system, including fertilizer
    manufacture to food storage and packaging,
    contributes more than one-third of global
    greenhouse gas (GHG) emissions. 

3
Substantial Cost Savings were achieved by the
implementation of modern techniques to drive the
global digital farming market during the forecast
period
  • Farming is a cost-intensive process. From seeds
    to soil preparation to fertilizers to pesticides
    and crop cutting, farming requires a lot of
    investment. Fertilizers and pesticides consume a
    substantial portion of farm investment.
    Fertilizer spending in the United States rose
    from USD 8.6 billion to USD 23.5 billion between
    1985 and 2016.
  • Greenhouse farming accounted for the largest
    share in the global digital farming market in
    2020
  • Based on application, greenhouse farming segment
    held the largest share in the global digital
    farming market in 2020. Greenhouse farming refers
    to the growing of crops under a large structure,
    covered fully or partially with a transparent
    material. Greenhouse farming has been in use for
    centuries now. People use greenhouse farming to
    grow all kinds of crops with tomatoes, cucumbers,
    peppers, and melons being the most popular ones.
    Greenhouse farming is also used to grow fruits
    such as grapes, cherry, Japanese persimmon, fig,
    loquats, lemon, and mangoes along with a variety
    of flowers. 

4
  • Global Digital Farming Market Regional insights
  • The global digital farming market is divided
    into the Asia-Pacific (APAC), North America,
    Europe, Latin America, and the Middle East
    Africa regions. Europe dominated the global
    digital farming market in 2020, closely followed
    by North America.
  •  
  • The Netherlands in Europe is a global leader in
    agricultural innovation with the integration of
    green-house farming and precision farming. The
    Netherlands holds over one-third of global
    vegetable seed trade and is the world's largest
    exporter of onions and potatoes. 
  • SAMPLE COPY OF THE REPORT
  • https//www.blueweaveconsulting.com/global-digita
    l-farming-market-bwc19388/report-sample
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