Food security is an important concept in global food and agricultural industry. Food security is a condition related to sufficient availability of food. According to the Food and Agriculture Organization’s standard definition, food security exists when all people, at all times, have physical and economic access to sufficient, safe and nutritious food to meet their dietary needs and food preferences for an active and healthy life.
Food security technologies includes the usage of advanced technologies such as nanotechnology, pesticides and fertilizers, micro irrigation, agricultural biotechnologies, chemical tools and other technologies with applications to the food sector that are able to achieve food security condition. The prime focus of use of food security technologies is to produce sufficient amount of food materials that can satisfy the needs of population of the respective country/region.
The market of food security technologies can be segmented on the basis of technologies such as nanotechnology, micro irrigation, sprinkler irrigation, precision agriculture, integrated soil fertility management (ISFM), water harvesting, organic agriculture, crop protection technologies, no-till technique, improved varieties- draught tolerant and heat tolerant characters and others. Moreover, the global food security technologies market can also be segmented on the basis of geography, such as North America, Europe, Asia-Pacific and Rest of the World (RoW). North America and Europe are considered as the most prominent markets in the global food security technologies market, owing to extensive implementation of advanced technology and strong R&D practices. Asia-Pacific is likely to witness strongest growth during the forecast period from 2014 to 2020. Steadily increasing awareness about technologies and applications of food security technologies are the prominent factors that would drive the growth of food security technologies market in this region during the forecast period.
The market of food security technologies is likely to witness a constant growth during the forecast period from 2014 to 2020. The growth is expected to drive by factors such as rapidly increasing applications of technology in agriculture and food security industry, government support and rapidly rising awareness about these technologies amongst the global population. Rise in use of technologies in food security and production industry is considered as the prominent factor that is likely to support the market growth. For instance, according to the statistics provided by the Food and Agriculture Organization (FAO), owing to increased emphasis on organic agriculture technology, the global area under organic agriculture has increased from 21 million hectares in 2004 to 37 million hectares in 2012. This rapid increase in application of organic agriculture and other advanced technologies would boost the growth of food security technologies market in the near future. Similarly, due to increased government support for increase in agricultural production would also support the rapid growth of food security technologies market during the forecast period. For instance, various schemes launched by the Government of India to promote use of technologies in agriculture would help the growth of food security technologies and ultimately agricultural production. However, key hurdles in the market include high cost of technology implementation, limited availability of skilled resources, technical incompatibilities in several countries of world (such as lack of electricity, draught or heavy rainfall and extreme heat or cold). With these hurdles, the market is likely to get affected negatively.
Some of the major players operating in this market include Bayer CropScience AG, DuPont Pioneer, Cargill, Incorporated, H.J. Heinz, Mahindra and Mahindra, Nestle, Kraft Foods Inc., John Deere, BASF, Novozymes and others.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. This report provides comprehensive analysis of
- Market growth drivers
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This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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