Global Food Security Technologies Market to Benefit from Increasing Application in Agriculture Industry

A new market intelligence research report by Transparency Market Research offers a detailed study on the global food security technologies market. According to the report, titled ‘Food Security Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,’ the market is expected to benefit from the increasing use of innovative technologies such as pesticides and fertilizers, nanotechnology, and agriculture biotechnologies. The increasing use of chemicals and the rising adoption of micro irrigation techniques are predicted to boost the global market from 2015 to 2023.

Today, food security has become a global issue, given the interconnections in the food system on water availability, soil, climate, and a host of other factors. Food security is also influenced by the rising trading activities, urbanization, changing land use policies, and changing demographics. Adopting new technologies is the best way to assure food security. It is now believed that adopting technology offers a solution to the growing issues of food security.

The global food security technologies market will benefit from the increasing application in the agriculture industry. The increasing government support is also predicted to support leading manufacturers to introduce new food security technologies in the global market. According to the Food and Agriculture Organization (FAO), in 2004, the total area under organic agriculture was 21 million hectares. By 2012, the total area under organic agriculture reached 37 million hectares. Various schemes are being launched by the governments of many nations to promote the use of new food security technologies in agriculture. All these factors are likely to boost the global food security technologies market, predict the analysts.

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Even though the global food security technologies market is expected to grow smoothly, leading players would have to tackle a few challenges. As per the research, key companies will have to face the hurdles of the high cost of implementing new technology, limited skilled resources, and technological incompatibilities in certain nations. However, companies are focusing on introducing new technologies such as water harvesting, crop protection technologies, organic agriculture, sprinkler irrigation, no-till technique, and food security technologies with heat-tolerant and drought-tolerant features.

Bayer CropScience AG, Cargill, Incorporated, Mahindra and Mahindra, H.J. Heinz, Nestle, John Deere, Novozymes, DuPont Pioneer, Kraft Foods Inc., and BASF are some of the prominent players operating in the global food security technologies market.

To study the regional coverage of leading players, the global food security technologies market is divided into Europe, North America, Asia Pacific, and Rest of the World. As per the findings of the report, currently, Europe and North America are the prominent markets for food security technologies. Improvements in the research and development practices and the rising implementation of advanced technologies have boosted the market for food security technologies in Europe and North America. However, analysts expect that Asia Pacific will witness the highest growth in the years to come. The rising awareness and the increasing acceptance of food security technologies will benefit the Asia Pacific market in the near future.