The United Kingdom precision
farming Market is anticipated to register growth with an impressive CAGR in the
forecast period, 2023-2027. Precision farming refers to a farming management
technique that utilizes new technologies and research methods to increase the crop
productivity, profitability, and sustainability of the environment. The
technologies used to carry out precision farming ensures that the soils and
crops receive exactly what they require for optimum health and productivity.
Precision farming helps in achieving high quality of production along with
minimizing the production and labor costs. As a result, with the rapid
developments in the IT sector, precision farming is gaining wide traction
across the United Kingdom.
With the increasing
deployment of advanced technologies in precision farming along with the rapid
penetration of smartphones and the internet, farmers are rapidly adopting
modern farming techniques to increase crop productivity and reduce the labor
cost. Besides this, the growing population across the United
Kingdom, along with their rising preferences for healthy and nutritive Agri
products, is adding to the demand of precision farming products and equipment.
Government initiative fuels
the adoption of precision farming
The deteriorating health of
soil due to the overuse of chemicals and pesticides is primarily pushing
farmers to shift their focus towards sustainable agriculture practices.
Moreover, with the rising number of training programs for the farmers by the
United Kingdom government, the adoption of sustainable farming technologies
such as precision farming has increased over the recent years. In addition, the
government is also making financial resources easily available for farmers so
that they can adopt the latest technologies in order to fulfill the
proliferating demand for Agri products, especially organic food products. For
instance, under the revised European Common Agricultural Policy, the European
Union (EU) offered financial incentives and support schemes to allow farmers so
that the farmers freely invest in diverse precision farming technologies.
Technological advancements
drive the market growth
Precision farming is now
coming with new connected technologies such as IoT, GPS, and Remote sensing
features to help the farmers deeply understand several farming aspects such as
plowing and irrigation. These technologies offer real-time data about soil
health, the environment temperature, and water content in the soil, which
assists the farmers in making informed and improved decisions about soil
management and harvesting time. In addition to this, the remote sensors also
help farmers in obtaining high crop productivity with less crop wastage.
Besides this, several leading market players are increasingly investing in the
R&D activities to launch innovative systems and devices in order to
simplify agricultural activities, including farm management systems, automation
and control systems, sensing and monitoring tools, etc. As a result, with the
introduction of such advanced technologies the United Kingdom precision farming
market is anticipated to propel over the coming years.