The
global food security technologies market is driven by the increasing
government support and rising awareness among consumers, states a new
report by Transparency Market Research (TMR). The report is titled,
‘Food Security Technologies Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2015 – 2023.’ The report
gives a detailed analysis of the market’s past and present
valuation, which is further used to derive
reliable insights into the market’s future. Key segments of the
global food
security technologies industry have been studied in detail.
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exclusive Global strategic Business report
:http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=6556
The
report sketches out the competitive landscape, including the market
share of top vendors, the strategies implemented by them, and
information regarding their recent developments. Information
regarding the degree of competition, threat of substitutes, threat of
new entrants, and bargaining power of supplier and buyers has been
given.
According
to the report, the food security technologies market is expected to
witness growth in the coming years owing to the rapid use of
technology in the agriculture industry. A rise in the use of
technology in the production industry and in food security is fueling
the growth of the market worldwide. Various schemes are being
launched by governments to encourage the use of food security
technologies, thereby resulting in increased agricultural production.
Some
challenges faced by the global food security technologies market are
limited number of skilled resources and high cost of implementing the
technology. Technical problems in several countries such as lack of
electricity, heavy rainfall or draught, and extreme heat or cold are
anticipated to act as obstacles hampering the growth of the global
food security technologies market.
The
global food security technologies market is segmented on the basis of
technology into precision agriculture, nanotechnology, sprinkler
irrigation, integrated soil fertility management (ISFM), water
harvesting, micro irrigation, organic agriculture, crop protection
technologies, no-till technique, and improved varieties- draught
tolerant and heat tolerant characters.
On
the basis of geography, the global
food security technologies market is segmented into Europe, Asia
Pacific, North America, and the Rest of the World (RoW). North
America and Europe are being recognized as lucrative markets in the
global food security technologies industry. The wide implementation
of advanced technology and high investments in R&D are expected
to be behind the growth of these regions. Asia Pacific is likely to
witness substantial growth during the period from 2014 to 2020. The
steadily growing awareness about technologies and their applications
in the agriculture industry are anticipated to be behind the growth
of the food security technologies market in Asia Pacific.
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