4 tailwinds that will make Indonesia Agritech Market a USD 900 Mn market by 2026. Will Indonesia be able to achieve that mark? Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Indonesia’s Gross Domestic Product of Agriculture, Forestry, and Fishery was USD 158 billion in 2021. Moreover, the Agritech Market in Indonesia is expected to grow due to the increasing adoption of digital farming tools and government initiatives that make lending easier. The market is expected to exhibit an upward trend in terms of value over the forecast period FY’22-FY’26, outperforming previous years, with the market consistently expanding. AgriTechs will reshape value chain relationships and create entirely new ecosystems. Click to Read Full Article: Indonesia Agritech Market 1. Agriculture, being the pillar of Indonesian economy accounted for around 13.28% of country’s Gross Domestic Product (GDP) Request a Free Sample to learn more about the report: Click here The Gross Domestic Product of Agriculture, Forestry, and Fishery in Indonesia stood at USD 158 Billion in the year 2021 growing at a CAGR of 5.8% during 2016 to 2021. GDP of Agriculture, Forestry, and Fishery can further be divided into five broader components namely plantation crops, food crops, fishery, livestock, and horticulture. The plantation crops like palm oil, rubber, coconut dominate the agricultural landscape attracting interest from large agribusinesses in the global supply chain constituting 26.4% of the agricultural GDP. More than 40% of the Agricultural GDP is contributed by Food Crops like rice, wheat, soybean and Fishery sector. 2. Almost 50 AgriTech Startups are spread across the 13 cities of Indonesia Visit this Link: – Request for custom report These 50 startups are spread across 13 cities of Indonesia providing great opportunities for the Agritech sector to emerge. Emerging unicorn iGrow in the Agritech market of Indonesia is established in Yogyakarta city. Another unicorn TaniHub is established in Jakarta which is a hub for 18 startups already. Currently, it operates from five regional offices and distribution hubs located in Jakarta, Bogor and Bandung in West Java, and Yogyakarta and Surabaya in East Java. These startups are contributing towards the agritech market by their innovations and new product range. 3. Indonesia’s growing agritech startups have attracted millions of dollars in investment. Request free 30 minutes analyst call 35% of the startups are funded by foreign investors and 30% are funded by domestic investors. Examples of startups which are domestically funded are Eragano, Magalarva, Pasarnow, etc. All the 17 startups are funded by Private Equity Venture Capitalist and none is funded by Angel Investors. Examples are Kandang, Kedai Sayur, eFishery, etc. Furthermore, TaniGroup, has closed USD 10 million Series A funding, led by Singapore-headquartered venture capital firm, Openspace Ventures, with participation from investment firms. 4. Rising Adoption of Data Analytics, Artificial Intelligence & Geo-Tagging Among Agritech Players is the future of Agritech Space in Indonesia. Implementation of data science algorithms & analytics using artificial intelligence & machine learning is going to amplify greatly. Additionally, startups would be able to predict demand & supply, route planning using data in case of supply chain & output access. Moreover, Geospatial Tech & Geo-Tagging technology will enable startups to leverage geospatial & remote sensing data to create better & scalable agri solutions, without any unnecessary details. Also, there will be a widespread adoption of drones for pesticide spraying etc, especially among medium & large farmers with rising affordability. Furthermore, autonomous & semi-autonomous farm robots will be used by cooperatives & large farmers for labor-intensive activities like weeding, spraying, and harvesting that have high human error rates. 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