Precision farming is growing in Israel due to the growing demand for efficient agricultural technologies tools and techniques the rapid switch from laborintensive to technology driven farming and the numerous initiatives by companies to promote precision farming ID: 872088
Download Presentation The PPT/PDF document "Israel Precision Farming Market" is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.
Slide1
Israel Precision Farming Market, By Component , Trend Analysis, Market Share & Forecast, 2021-2027
Slide2Industry Trends & Forecast Report 2027A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the Israel Precision Farming market is estimated to grow at the CAGR of 13.7% during the forecast period of 2021-2027. The adoption of precision farming is flourishing at a high rate because of the efforts made by companies to promote the use of modern farming technologies and techniques, along with the support of local communities like Kibbutz and Moshavs. Furthermore, high research and development activities in Israel also favor the market growth of precision farming. However, a lack of sufficient awareness of the benefits of precision farming among farmers and the high cost of equipment and technologies may act as restricting factors for market growth.
Slide3Growth driversIncreasing R&D Activities in Precision FarmingIsrael precision farming has an innovative advantage over the world. In terms of agricultural innovations, it is only a step behind the US. Companies like SupPlant and Taranis are offering innovative solutions in precision farming in Israel. For instance, a startup called SupPlant developed sensor-less irrigation technology, which uses real-time data and algorithms to determine and generate precise irrigation plants for crops. Israel is also working hard to make water consumption as efficient as possible, with 80% of water being reused. Such breakthroughs provide enormous opportunity for local and rural communities to thrive.
Slide4RestraintsLimited Knowledge of Modern Farming TechnologiesEven though Israel is pioneering precision farming technologies, its adoption is still highly concentrated among the big farmers only. Israeli farmers are largely unaware of precision agriculture and the existence of advanced agricultural technologies, which in turn prevents their businesses from expanding. Furthermore, the high cost of such technologies serves as an additional barrier to their adoption. To combat this challenge, numerous companies are taking initiatives and running campaigns to educate farmers about the benefits of precision farming.
Slide5Impact of COVID-19 on Israel Precision Farming MarketThe COVID-19-induced pandemic declared by the World Health Organization significantly affected the economy of several countries. With the surging COVID-19 cases in the country, the authorities imposed a lockdown in the country to control the spread of the virus. Due to this, manufacturing and production operations were completely halted, which negatively affected the Israel precision farming market. Furthermore, disruptions in the supply chain affected the market as the floating demand for precision farming components and technologies could not be met.
Slide6Recent DevelopmentsIn July 2021, Amir Marketing and Investments in Agriculture Ltd., announced to have signed an exclusive agreement with the NDrip to distribute NDrip’s precision irrigation system to Israeli farmers.In June 2021, SupPlant, an Israeli agricultural company, announced to have raised USD 10 million in the funding round led by Boresight
Capital,
Menomadin
Foundation, Smart-Agro Fund, and
Mivtah
Shamir
.
Slide7Competitive LandscapeThe leading market players in the Israel precision farming market are Saturas Israel, Taranis Israel, Tevatronic, Prospera Technologies Ltd., Haifa Group, CropX Technologies, Roots Sustainable Agricultural Technologies Ltd., PickApp Farming Ltd., Metzer Group,
Netafim
Ltd,
SupPlant
, and other prominent players.
The companies significantly adopt competitive strategies like partnerships, mergers & acquisitions, collaborations, and joint ventures to expand their market and establish themselves as leading brands to improve their distribution system.
Sample Copy of the Report
:
https://www.blueweaveconsulting.com/report/israel-precision-farming-market/report-sample
Slide8About Us:Blueweave Consulting offers a one-stop solution for your market intelligence needs for any service or product. You get well-researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well-informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk-return trade-off.Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavors successful.
Slide9Contact Us: +1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662 info(@)blueweaveconsulting.com www.blueweaveconsulting.com