Global Smart Plantation Management Systems Market – Industry Trends and Forecast to 2029

Market Analysis and Size

Agriculture has changed dramatically in recent years. The limited availability of arable land and increased consumption of plant-based products creates opportunities for new players as well as lucrative opportunities for existing market players in the global smart plantation management systems market.

Data Bridge Market Research analyses that the smart plantation management systems market which was growing at a value of 1.24 billion in 2021 and is expected to reach the value of USD 2.01 billion by 2029, at a CAGR of 6.20% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

Report Scope and Market Segmentation

Market Definition

Smart plantation management systems track crop health, soil moisture, temperature, humidity, and light intensity for example, smart irrigation control systems, regulate water supply based on data collected by soil moisture sensors. They send alerts and notifications to farmers and help them monitor and track crop health. Smart plantations can reduce operational costs in large farmlands while also preventing crop failure.

Smart Plantation Management Systems Market Dynamics

Drivers

• Growing need for high crop yield and quality improvement

Population growth and changing food habits are driving up demand for high-quality agricultural products. This is driving the adoption of smart plantation management systems, which help to improve crop yield and quality.

• Technological advancements and widespread of system across various farming segments

The advancement of advanced technologies has resulted in the inclusion of novel features in smart plantation management systems, improving their performance and usability. This is assisting in the widespread adoption of these systems across various farming segments. Additionally, rising labour costs and a labour shortage are propelling the global Smart Plantation Management Systems market forward.

Opportunity

The distribution of subsidiaries to farmers who use smart farming techniques, as well as increased awareness about these systems, are expected to have a positive impact on the smart plantation management systems market during the forecast period. The introduction of hyper-spectral imaging, 3D laser scanning, and drone-based imaging sensors connected via cloud platforms is expected to increase plantation intelligence penetration and, as a result, facilitate the implementation of smart plantation management systems around the world.

Restraints

However, the major factor impeding the growth of the global Smart Plantation Management Systems market is stringent government regulations imposed on the use of specific herbicides due to their negative environmental and human health effects.

This smart plantation management systems market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the smart plantation management systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Smart Plantation Management Systems Market

The agricultural industry's supply chain was disrupted during the COVID-19 outbreak. Companies are focusing on new strategies to create more convenient tools to meet food demand. As a result, the farm management industry is playing an important role in addressing the unprecedented situation caused by COVID-19 by providing predictive analytics and insightful outputs to aid in efficient crop growth and animal health.

Recent Development

• AgJunction Inc. joined forces with GeoSurf Corporation (GeoSurf) and Anhui Zhongke Intelligent Sense and Big Data Industrial Technology Research Institute Co. Ltd (ISTI) in March 2020 to provide precision agriculture solutions in the Asia-Pacific region.
• The Climate Corporation entered into a partnership agreement with Pinnacle Agriculture Distribution Inc. in 2019. The Climate Corporation's customer base may grow as a result of this partnership agreement.
• Syngenta completed the acquisition of the Cropio Group's relevant assets in 2019, an Ag-Tech company that provides end-to-end software solutions for imaging, record keeping, and equipment tracking.

Global Smart Plantation Management Systems Market Scope

The smart plantation management systems market is segmented on the basis of type, crop and component. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Growth Monitoring Systems
• Harvesting Systems

Crop

• Coffee
• Oilseeds
• Sugarcane
• Cotton

Component

• Software
• Hardware

Smart Plantation Management Systems Market Regional Analysis/Insights

The smart plantation management systems market is analysed and market size insights and trends are provided by country, type, crop and component as referenced above.

The countries covered in the smart plantation management systems market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.

The Asia-Pacific region has experienced rapid economic growth as a result of rapid industrialization and urbanisation caused by population growth. This has resulted in an increase in demand for food crops that require less land area but produce low yields due to a lack of proper farming practises, reducing farmers' profits and driving them to adopt advanced technologies such as smart plantation management systems, which can increase crop yield by 20%.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Smart Plantation Management Systems Market Share Analysis

The smart plantation management systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to smart plantation management systems market.

Some of the major players operating in the smart plantation management systems market are:

• Yara International ASA (Norway)
• Koch AG & Energy Solutions L.L.C. (U.S.)
• Coromandel International Limited (India)
• Agriculture Solutions Inc. (Canada)
• Hafia Groups (Israel)
• Sapec Agro S.A. (Portugal)
• Kugler Company (U.S.)
• Van Iperen International B.V. (Netherlands)
• U.S. AG LLC (U.S.)
• Robert Bosch GmbH (Germany)
• Deere & Company (U.S.)
• Netafim (Israel)
• Synelixis Solutions (Greece), DTN (U.S.)
• AgroWebLab Co., Ltd (AWL) (China)
• Tevatronics (Israel)
• SemiosBio Technologies (Canada)

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