South Korea Agtech Market Summary, Competitive Analysis and Forecast to 2027
Summary
Agtech in South Korea industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- AgTech refers to the use of technology in farming and agriculture aimed to improve the efficiency, productivity, and sustainability of food production. The global AgTech market is rapidly growing as a result of population growth, increased food demand, climate change, and water scarcity issues.
- The South Korean Agtech market had total revenues of $150.2 million in 2022, representing a compound annual growth rate (CAGR) of 16.0% between 2017 and 2022.
- The devices segment accounted for the market's largest proportion in 2022, with total revenues of $96.2 million, equivalent to 64.1% of the market's overall value.
- The growing effort by the South Korean government to promote sustainable agriculture is fueling market growth.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the agtech market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the agtech market in South Korea
- Leading company profiles reveal details of key agtech market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea agtech market with five year forecasts
- What was the size of the South Korea agtech market by value in 2022?
- What will be the size of the South Korea agtech market in 2027?
- What factors are affecting the strength of competition in the South Korea agtech market?
- How has the market performed over the last five years?
- Who are the top competitors in South Korea's agtech market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths of the leading players?
- 7.3. What have been the most significant mergers/acquisitions in recent years?
- 8 Company Profiles
- 8.1. Greenlabs Inc.
- 8.2. Alga Farmtech Co., Ltd
- 8.3. Daedong Corp
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related GlobalData research
- About GlobalData
- List of Tables
- Table 1: South Korea agtech market value: $ million, 2017–22
- Table 2: South Korea agtech market category segmentation: % share, by value, 2017–2022
- Table 3: South Korea agtech market category segmentation: $ million, 2017-2022
- Table 4: South Korea agtech market geography segmentation: $ million, 2022
- Table 5: South Korea agtech market value forecast: $ million, 2022–27
- Table 6: Greenlabs Inc.: key facts
- Table 7: Alga Farmtech Co., Ltd: key facts
- Table 8: Daedong Corp: key facts
- Table 9: Daedong Corp: annual financial ratios
- Table 10: Daedong Corp: key employees
- Table 11: South Korea size of population (million), 2018–22
- Table 12: South Korea gdp (constant 2005 prices, $ billion), 2018–22
- Table 13: South Korea gdp (current prices, $ billion), 2018–22
- Table 14: South Korea inflation, 2018–22
- Table 15: South Korea consumer price index (absolute), 2018–22
- Table 16: South Korea exchange rate, 2018–22
- List of Figures
- Figure 1: South Korea agtech market value: $ million, 2017–22
- Figure 2: South Korea agtech market category segmentation: $ million, 2017-2022
- Figure 3: South Korea agtech market geography segmentation: % share, by value, 2022
- Figure 4: South Korea agtech market value forecast: $ million, 2022–27
- Figure 5: Forces driving competition in the agtech market in South Korea, 2022
- Figure 6: Drivers of buyer power in the agtech market in South Korea, 2022
- Figure 7: Drivers of supplier power in the agtech market in South Korea, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the agtech market in South Korea, 2022
- Figure 9: Factors influencing the threat of substitutes in the agtech market in South Korea, 2022
- Figure 10: Drivers of degree of rivalry in the agtech market in South Korea, 2022
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