Global Food Security Technologies Market to be Propelled by Rapid Rise in Application in Agriculture Sector

A new research report by Transparency Market Research (TMR) offers an analytical and unbiased study of the global market for food security technology. Taking the current market trends into account, the research study presents an analysis of the growth drivers, restrictions, opportunities, and future prospects that can influence the worldwide food security technologies market.

The study, titled “Food Security Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,” states that the rapid rise in the application of food security technologies in the agriculture, food and beverages, and food security sectors, together with the support of governments across the world and the increasing awareness pertaining to these technologies among the global population, is boosting the worldwide food security technologies market considerably.

On the flip side, the market faces severe challenges from the high cost associated with the implementation of these technologies, the dearth of skilled professionals, technical inconsistencies such as the lack of power, and heavy rainfall, drought, or other extreme climatic conditions in various emerging economies. This is expected to limit the growth of this market during the forecast period, states the research report.

In this market study, the global market for food security technologies has been evaluated on the basis of the type of technology and the regional spread of this market. Nanotechnology, sprinkler irrigation, micro irrigation, integrated soil fertility management (ISFM), precision agriculture, organic agriculture, no-till technique, water harvesting, crop protection technologies, and various other technologies are utilized for food security across the world.

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On a regional basis, the research report has segmented the global market for food security technologies into Asia Pacific, North America, Europe, and the Rest of the World. North America and Europe are dominating the global market on account of the increasing implementation of advanced food security technologies and robust research and development practices in the regions.

The Asia Pacific market for food security technologies, on the other hand, is in its nascent stage and projected to experience the fastest growth during the forecast period. The steady increase in awareness among consumers regarding these technologies and their applications is the key factor behind the expected exponential growth of the food security technologies market in Asia Pacific over the forecast period, states the market study.

Novozymes, DuPont Pioneer, Bayer CropScience AG, Cargill Inc., Mahindra and Mahindra, H.J. Heinz, Nestlé, John Deere, Kraft Foods Inc., and BASF are some of the key players functional in the global food security technologies market, mentioned in this research report.