Indonesia Agritech Market records a growth of CAGR of ~39.7 % on the basis of revenue generated between FY'16 to FY'21 which is driven by improved internet access and government support: Ken Research
GURUGRAM, India, May 16, 2022 /PRNewswire/ -- Active initiatives taken by Government
Government launching initiatives such as Smart Farming 4.0, which includes technologies like Agriculture Drone Sprayer, Drone Surveillance, and Soil and Weather Sensors has resulted in increased focus on the Agritech space in Indonesia. Other initiatives such as Agriculture War Room (AWR), Kostratani, Depo Tani and Telkom Rice Digitization Program are some of the digital initiatives for agriculture in Indonesia.
Increase in smartphone and internet penetration
The last five years have been instrumental in bringing about a paradigm shift in smartphone penetration and internet adoption, both in urban and rural areas. This has been spearheaded by the Palapa ring project which has connected all peripheral areas of Indonesia to a stable 4G internet connection.
Digital Agriculture
An encouraging response is observed from farmers when it comes to digitally monitoring their harvest cycles to gain access to institutional funding. In most cases farmers have reported a significant increase in profit margins due to digital intervention from the startups.
Increase in Foreign Investments
The startups operating in Agritech space have grabbed a lot of attention from the foreign investors in last few years. Some of the major funding rounds in the Indonesian Agritech space include Tanihub's latest funding round of more than 65 million USD at the Series B stage. There are several emerging statups in the pre-seed and seed category which outlines the promise held by the Agritech sector in Indonesia.
The report titled "Indonesia Agritech Market Outlook to 2026: Driven by Innovative Startups and Influx of Foreign Investors" by Ken Research suggested that the Indonesia Agritech market has seen impressive growth rate in the last five years with a CAGR of ~39.7% on the basis of revenue generated, due to increased internet access among Indonesian farmers.
Key Segments Covered in Indonesia Agritech Market:-
Agritech Market Size
- Market Size on the basis of revenue generated, FY'16-FY'21
- Market size of the 5 sub verticals on the basis of revenue generated, FY'16-FY'21
Market Segmentation
- Segmentation of Startups by Business Category (FaaS, Fintech, Market Access, Agritech, Agri Biotech)
- Segmentation of Startups by year of establishment (FY'13-FY'20)
- Segmentation of Startups by Location Jakarta, Bogor, Bandung, Malang, Yogyakarta, Depok, Setiabudi, Tangerang, Bekasi, Sleman, Lampung, Arcamanik)
- Segmentation of Startups by Funding Stage (Pre Seed, Seed, Series A, Series B, Convertible Note, Grant, Debt Financing)
- Segmentation of Startups by Funding Entity (Foreign, Domestic, Both)
Overview of each Sub vertical (FaaS, Fintech, Market Access, Agritech, Agri Biotech) on the basis of
- Demand Analysis
- Operating Model
- Timeline of Major Players
- Service Portfolio
- Challenges
- Competitive Scenario
- Cross Comparison between Major Players
- Case Study
- Future Outlook & Projections
- Analyst Recommendations
Key Target Audience:-
- Farming as a Service players
- Agri Fintech players
- Agritech players
- Market Access Players
- Agri Biotech players
- Farmers/Fishermen
- Investors
- Regulatory Bodies
- Feed, Equipment, Fertilizer Suppliers
Time Period Captured in the Report:-
- Historical Period: FY'16-FY'21
- Forecast Period: FY'22-FY'26
Agritech Players in Indonesia
- FaaS Players
- Sayurbox
- TaniSupply
- Aruna
- Fintech Players
- TaniFund
- eFishery
- Koltiva
- Market Access Players
- 8 Villages
- Fishlog
- Sgara
- Agritech Players
- Neurafarm
- Dycodex
- JALA
- Agri Biotech Players
- Pandawa Agri
- Magalarva
- FistX
Key Topics Covered in the Report:-
- Indonesia Agricultural Sector Overview
- Indonesia Agriculture Industry Demographics
- Demand Side: Indonesia Agriculture Scenario
- Supply Side: Indonesia Agriculture Scenario
- Overview of Indonesia Agritech Market
- Overview of Digital Tools
- Ecosystem of Major Entities in the Indonesia Agritech Market
- Agritech Operating Model
- Market Sizing of the AgriTech Industry
- Market Sizing of the Sub Segments of AgriTech Industry
- Segmentation of Startups by Business Category
- Segmentation of Startups by year of establishment
- Segmentation of Startups by Location
- Segmentation of Startups by Funding Stage
- Segmentation of Startups by Funding Entity
- Trends and Developments in Agritech market
- Challenges faced by Agritech Startups
- Regulatory Landscape in Agritech market
- Major Government Initiatives in Agritech market in Indonesia
- Technology Trends in the Agritech Industry
- Porter's Five Forces Analysis of Indonesian Agritech Industry
- Growth Drivers in the Agricultural Market in Indonesia
- Competition Scenario between sub verticals
- Comparison between Technology used in Agritech Space
- Overview of sub vertical: FaaS
- Overview of sub vertical: Fintech
- Overview of sub vertical: Market Access
- Overview of sub vertical: Agritech
- Overview of sub vertical: Agri Biotech
- Demand Analysis of each of the sub verticals
- Service Portfolio of each of the sub verticals
- Cross Comparison between Major Players
- Case Studies (Chilibeli, Sayurbox, TaniFund, Crowde, eFishery, Koltiva, Dycodex, Aruna, Magalarva )
- Future Outlook & Projections
- Analyst Recommendations
- What Lies Ahead for the Agritech Industry?
- Technology Roadmap
- Industry Speaks
- Agritech Players in Indonesia
- Indonesia Agri Biotech Market
- Future Of Technology in Indonesia agriculture
- Indonesia Agritech Report
- Indonesia Agriculture Equipment Market
- Major Players AgriTech Startups in Indonesia
- Pandawa Agri Biotech Market Share Indonesia
- TaniSupply FaaS Market Size In Indonesia
- Indonesia Smart Agriculture Market
- Agriculture Technology-As-A-Service Market In Indonesia
- New Technology In Agriculture In Indonesia
- Farming As A Service In Indonesia
- Blockchain Technology In Indonesia Agriculture Sector
- Digital Transformation Of Agriculture In Indonesia
- Agriculture industry in Indonesia
- Indonesia Agriculture Market
- Agriculture In Indonesia
- Agriculture Sector Of Indonesia
- Agritech Startups In Indonesia
- Startup Agriculture Indonesia
- Agricultural Innovation In Indonesia
- Efishery Market Revenue Indonesia
- Pasar Agritech Di Indonesia
- Industri Agritech Di Indonesia
- Pasar Agritech Indonesia
- Industri Agritech Indonesia
- Laporan Riset Pasar Agritech Indonesia
- Laporan Riset Industri Agritech Indonesia
- Pangsa Pasar Agritech Indonesia
- Ukuran Pasar Agritech Indonesia
- Pendapatan Pasar Agritech Indonesia
- Segmentasi Pasar Agritech Indonesia
- Tingkat Pertumbuhan Pasar Agritech Indonesia
- Pemain Utama Pasar Agritech Indonesia
- Outlook Pasar Agritech Indonesia
- Pemain Agritech di Indonesia
- Masa Depan Pasar Agritech Indonesia
- Analisis Pasar Agritech Indonesia
- Pasar Pertanian Cerdas Indonesia
For More Information on the research report, refer to below link:-
Related Report:-
The India Agritech Market is in early growth stage with increasing awareness among farmers due to growth in internet penetration and mobile connectivity. Many agritech startups have entered the industry, especially in the last 5 years, seeing the potential of the industry. Government impetus in the form of setting up incubators, grants and entering into public-private partnerships with these players has also stimulated entry of players in the sector. The sector is also witnessing high level of investment activity, with increasing interest from venture capitalist firms and international investors. In 2020 alone, the investment in the sector crossed USD 300 million. The overall agritech industry witnessed a revenue growth of ~85% during FY'2019-FY'2020.
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