The agritech market in The Netherlands
Source:nieuweoogst
From:Taiwan Trade Center Rotterdam
Update Time:2021/03/21
INTRODUCTION
According to an ABN AMRO report, the turnover of the international agritech market is more than 6 billion euro IN 2020.
Important manufacturers and suppliers in this sector are mostly large multinationals, such as the American John Deer, the American AgLeader, German Bosch and GEA, Chinese XAG and DJI and Dutch company Lely. Products included are field robots, drones, milking and feeding robots as well as relevant hardware and software.
The market share of the Dutch manufacturers on the worldwide market amounts about 715 million euro and is more than 11%. In particularly owing to their strong market position for milking and feeding robots with a total market value of 630 billion euro, making up for about 88% of the total Dutch market share, followed by precision agricultural hardware valued 60 million euro; software & sensors 16 million euro; agridrones & services 8 million euro and ranked last: field robots valued 1 million euro.
IMPORTANT GROWTH SECTORS & PROSPECTS
According to ABN AMRO forecasts, the market share of the Netherlands can still triple within a period of about 10 years, with an average growth rate of 13% a year to achieve a total value of 2.5 euro billion by the year 2030.
A tremendous annual growth rate is expected in the field of software, sensors, data-analysis, platform and services (53%) reaching turnover of 1155 million euro by 2030 as well as stable robotics (such as milking, feeding and manure robots) and field robots combined reaching an annual growth rate of 36% and total turnover by 2030 of 1065 million euro. Followed by 15% annual growth rate for precision agriculture (hardware), such as sprayers, manure spreaders and irrigation systems reaching a total turnover by 2030 of 250 euro million and Agridrones & services reaching 30 euro million with annual growth rate of 14%.
Factors playing an important role in the expected growth rate are the growing worldwide population, shortage of personnel and increasing importance of sustainability of the food chain.
The shortage of personnel over the past years, caused an increase of labour costs. Besides, the Dutch agricultural sector is very dependent on seasonal workers. This was in particular evident during the covid-19 crisis. When restricted measures were taken, many labor migrants/seasonal workers went to their home country. This caused a huge problem in the harvesting of various crops for the Dutch agricultural sector, according to ABN AMRO.
Apart from this, the Increasing importance of the circular economy is playing an important role and making it quite Interesting for companies active in the agricultural sector to invest in new technologies, such as harvesting robots, ground sensors for measuring the quality of the soil and humidity, as well as drones.
These prospects are very promising for Dutch manufacturers working in the agritech markets but with increasing competition, as it is also offering great chances and opportunities for worldwide producers in this growing industry.
For the Netherlands to become a key player in the worldwide agrirobots market, the Brabant Development Agency (BOM) is building up an innovation platform, Agrobots in Motion, together with several partners to respond to the growing market potential, to face social challenges and supporting companies active in this sector.
Source : https://www.nieuweoogst.nl/