The AgriTech market in Indonesia generated a revenue of USD 240 million in 2021. What are the key trends for this growth? : Ken Research There is a total of 37 million adults employed in the Agriculture Sector in Indonesia with 25 million farmers and 12 million fishermen. The workers in the agricultural industry still received one of the lowest wages in the country. Ambitious government initiatives, rising adoption of digital services, increased investment by foreign investors, and the emergence… Read More »
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 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… Read More »
The Myanmar Agriculture Machinery Market is eying to become an MMK 200 bn market by 2026. Will Myanmar be able to achieve that mark? Ken Research Due to COVID-19 Outbreak, OEMs were unable to deliver new orders. Due to this, dealers faced low availability of machines, spares, and attachments. Major Product Categories witnessed a decline in sales between 4-12% on the basis of volume and value. The government’s increased focus on agriculture mechanization in the country is expected to increase the… Read More »
