Rising organized retail sector and substantial investment in research and development are boosting the Agriculture Market in Israel | Forecast for 2023-2027|Technavio
The Agriculture Market in Israel is likely to experience steady growth because of the growth of the organized retail sector followed by substantial investment in research and development. Rising at a CAGR of 4.98%, the market is estimated to have an incremental growth of USD 2898.08 Mn in revenue for the forecasted period of 2023 to 2027.
Snippet of Agriculture Market in Israel
As per a Technavio analyst: the “Quote” reason is expected to boost the growth of the agriculture market in Israel
When it comes to the market challenges reducing arable land in Israel and Climatic variability are expected to hinder the growth of the market. However, agriculture revolutionized by artificial intelligence and robotics and Online sales channel penetration will have a positive impact on the agriculture market in Israel during the forecast period.
Some of the leading companies are contributing significantly to this market advancement with their product offerings are BASF SE, Bayer AG, Bogar Bio Bee Stores Pvt. Ltd., CropLife International AISBL, Ginegar Plastic Products Ltd., Groupe Limagrain Holding, Hishtil, Kaiima Ltd., miRobot, Orbia Advance Corp. SAB de CV, Palram Industries Ltd., Rivulis Irrigation Ltd., etc. Refer to our sample report for detailed analyses of the competitive landscape of the market.
Technavio’s analysis of the agriculture market in Israel also includes: