The
global food security technologies market is expected to grow rapidly
during the period from 2015 to 2023 due to growing adoption of food
security technologies across the regions of North America and Europe.
Increasing
Food Security Applications in Agriculture to Drive Global Market
Factors
such as rapid growth in demand for food security technologies and
applications in the agriculture sector, increasing awareness about
food security technologies, and support from the government will
drive the global food security technologies market during the
forecast period. Increase in the use of technology in food production
and security is the primary reason for the growth of the global food
security technologies market. For example, as per the statistics and
reports provided by the Food and Agriculture Organization (FAO), the
area under organic agriculture increased from 21 mn hectors in 2004
to 37 mn hectors in 2012, worldwide. Rapid rise in the use of
advanced technologies and applications of organic agriculture will
propel food security applications in the coming few years.
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Government
support for the use of food security applications and recent
introduction of several applications from leading players will
further drive the global food security technologies market during the
forecast period. Some of the restraints that the global food security
technologies market will face in the competitive market include the
increasing cost of advanced technologies, limited availability of
resources, and technical incompatibilities in many regions across the
globe. However, irrespective of the restraints, the global food
security technologies market is expected to observe steady growth
during the forecast period.
North
America to Account for Highest Share in Global Food Security
Technologies Market
The
global food security technologies market is segmented on the basis of
geography and technologies. By geography, the global food security
technologies market is divided into regions such as Europe, Asia
Pacific, North America, and Rest of the World. Europe and North
America are the two most prominent regions in the global food
security technologies market owing to strong research and development
practices. Implementation of technologically advanced food security
applications and the latest research and development trends will
allow the North America and Europe regions to dominate the global
food security technologies market during the forecast period.
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Among
other regions, Asia Pacific is expected to witness the strongest
development during the forecast period. By technology, the global
food security technologies market is divided into technologies such
as micro irrigation, precision agriculture, sprinkler irrigation,
integrated soil fertility management, organic agriculture, no-tile
technique, crop protection technologies, heat tolerant characters,
and draught tolerant characters. Food security applications include
the use of advanced techniques such as pesticides and fertilizers,
agriculture biotechnologies, nanotechnology, micro irrigation, and
chemical tools. The primary focus of food security applications and
technologies is to avoid wastage of food by producing the required
amount of food products that would fulfill the needs of people in the
respective regions.
The
global food security technologies market is marked by leading players
in the market introducing different food security technologies in
different areas. Some of the prominent players in the global food
security technologies market are Bayer CropScience AG, Cargill
Incorporated, Mahindra and Mahindra, DuPont Pioneer, H.J. Heinz,
Nestle, John Deere, Novozymes, Kraft Foods, BASF and others.
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