UAE Agritech Market Latest Trends and business outlook 2020-2027

 UAE Agritech Market

The UAE Agritech Market is projected to witness an annual growth of 15% over the analysis period (2020-2027). UAE has become one of the leading agritech hubs, captivating innovators, world-class talent, and trailblazers. Thus, rising investment and strategic government initiatives are the two driving forces of the UAE Agritech Market.

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UAE Agritech Market Dynamics

The growth in the UAE Market is attributed to the growing demand for sophisticated technologies in agriculture. Also, the strategic government initiatives, such as the UAE National Food Security Strategy 2051 introduced in 2018 with intent to enforce resilient practices in Agritech industry to increase the productivity and maintain ecosystem will propel the market growth.  The UAE government is largely emphasising on agri-technologies that put less stress on already scare resources required for large scale cultivation like natural matter in the soil. Using the drone technology, the UAE government amalgamated with the Falcon Eye Drones Services (FEDS) to endorse a massive drone seeding initiative.

Besides this, the increasing emphasis on reducing reducing the food imports in the nation is another significant factor that is likely to fuel the market growth. VeggiTech, an Agritech company in UAE, deploys the hydroponics and grow lights supported hydroponics for the better corn yield by drip irrigation. Also, the UAE government is increasingly investing in research and development programs to encourage sustainability in agriculture and agritech industries. An approximated amount of US$ 1.5 billion has been allocated over the next five years for these initiatives. Thus, all these factors are projected to fuel the UAE Agritech market share. The most popular form of Agritech being integrated in the UAE’s agricultural sector is the usage of sensors, with their adoption to offer higher yields in large-scale agricultural projects and smaller organic farms. 

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