Indonesia Agritech Market

Indonesia Agritech Market Highlights

The Indonesia Agritech market is expected to cross a market size of USD 3034.9 million by the end of 2033. The market size was valued at USD 885.70 million in 2023 and is expected to expand at a CAGR of 15.6% between 2024-2033.

• Over the mid-term, the increasing support of the government is the primary factor anticipated to drive the Indonesia Agritech market.
• Unavailability of internet connectivity is a major factor to challenge the market growth.

Indonesia Agritech Market Outlook

The use of technology and innovative practices targeted at enhancing the efficiency, productivity, and sustainability of agricultural processes is known as agritech. Also known as agricultural technology, the technology leverages advancements in various fields, including data analytics, robotics, biotechnology, and information technology.

According to our experts at KD Market Insights, one of the major factors anticipated to drive the growth of the Indonesia agritech market is the increasing support of the government in promoting the adoption of agricultural technology. The Indonesian government has launched several programs that aim at fostering growth in the agritech sector. For instance, the Gerakan Nasional 1.000 Start-up Digital, and the 100 Smart Cities programs have been designed by the Indonesian government that aim at providing funding to expedite the infrastructure of the agritech sector in the country. Sayurbox, Chilibeli, Aruna are some of the significant parties in the market for Agritech in Indonesia.

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Indonesia Agritech Market Drivers – Analyst’s Observation

According to the analysts at KD Market Insights, some key growth drivers for the Indonesia Agritech market are:

• Increasing concern for food security: Unlike other countries worldwide, Indonesia is also on the same path of having concerns related to food security. Indonesia has been witnessing a growing population and increasing urbanization, which is driving the need for efficient food production systems to ensure food security. By adopting modern farming techniques and other agritech solutions, the concern for food security would reduce, which is expected to drive the market growth during the forecast period.
• Rise in awareness about the availability of agritech solutions: The Indonesian government has been working progressively towards educating its farmers and stakeholders about the benefits associated with agritech solutions. The rise in awareness for these solutions would raise the demand for the solution, which in turn, would contribute to the market growth in the nation.

Which Probable Factors Could Hamper the Growing Indonesia Agritech Market Trend?

As per our KD Market Insights analysis, some of the challenges expected to limit the market growth of Agritech in Indonesia are:

• Unavailability of internet connectivity: The lack of internet connectivity in several rural areas of Indonesia and the lack of adequate infrastructure for implementing modern agritech solutions is expected to limit the market growth during the forecast period.
• High cost of agritech equipment: The equipment that are required for agritech solutions usually cost high. Also, unavailability of skilled personal in the country to operate the equipment also raises the overall cost of the infrastructure, thereby hampering the market growth.

How is the Indonesia Agritech Market Segmented?

Our experts at KD Market Insights have segmented the Indonesia Agritech market research report as:

Which Key Players Top the Indonesia Agritech Market Share?

As per our analysts at KD Market Insights, the competitive landscape of Indonesia Agritech market facilitates our readers in identifying their closest competitors. The manufacturers who are associated with Indonesia Agritech market are raising their focus on expanding their presence, as well as their market share. The market has also been witnessing an upward movement in the number of collaborations between research institutions and key players, aimed at introducing advanced technologies and innovation of new products. Here is a list of the key players who top the Indonesia Agritech market share:

• Sayurbox
• Chilibeli
• Aruna
• Eden Farm
• FishLog
• Jala
• iGrow
• TaniHub
• Habibi Garden
• Super
• Semaai
• eFishery

What are the Recent Developments Observed in the Indonesia Agritech Market?

Over the years, the experts at KD Market Insights have been observing the recent developments associated with Indonesia Agritech market trends. Our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.

For instance, Indonesian agritech startup Semaai stated that it has raised USD 4.7 million in a pre-Series A funding round led by CyberAgent Capital to expand its agronomy advisory services, collaborate with fintech institutions, and enhance its presence in Central Java, aiming to cover 75% of the region's villages by the end of 2024.

Further, Tanihub Group stated that it is continuing to grow its operations and expand its market reach, basis on its focus on improving its supply chain logistics and increasing its digital platform's efficiency to better connect farmers with consumers.

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Indonesia Agritech Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Type
      2. By Application
      3. By Sector
5. Market Segmentation by Type
   1. Biotechnology and Biochemical
   2. Big Data and Analytics
   3. Sensors and Connected Devices
   4. Mobility
   5. Others
6. Market Segmentation by Application
   1. Irrigation
   2. Production and Maintenance
   3. Supply Chain
   4. Marketplace
   5. Others
7. Market Segmentation by Sector
   1. Agriculture
   2. Smart Agriculture
   3. Precision Farming
   4. Agrochemicals
   5. Biotechnology
   6. Indoor Farming
   7. Others
8. Competitive Landscape
   1. Market Share Analysis
   2. Company Profiles
      1. Sayurbox
      2. Chilibeli
      3. Aruna
      4. Eden Farm
      5. FishLog
      6. Jala
      7. iGrow
      8. TaniHub
      9. Habibi Garden
      10. Super
      11. Semaai
      12. eFishery
9. Strategic Recommendations
10. Appendix
    1. List of Tables
    2. List of Figures
11. References