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November 10, 2021 articles
Farmtech: The next big investment hotbed
In 2019, the investment in FarmTech globally saw a significant growth (23% CAGR) from USD1.1 billion in 2012 to USD4.7 billion. This indicates the growing interest of the market towards FarmTech. The US dominated the FarmTech market, accounted for approx. 61% of global FarmTech investment.
On the other hand, Asia only accounted for 9% of global FarmTech investment despite the Asia Agriculture market that contributes to more than 60% of the global agriculture GDP.
This implies a huge market potential for the FarmTech industry in the Asia region.
Photo by Kaboompics.com from Pexels
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