INVESTORS & MARKET
Greenhouse growers face a number of significant challenges: Labor costs in greenhouses comprise up to 50% of total production costs, and it has become increasingly difficult to find and retain qualified workers. Yet, growers and seed companies alike have directed little energy or investment toward advanced automated harvesting systems. The Covid-19 pandemic has underscored the urgent need to reduce the dependency on labor.
Growers are seeking advanced technologies to meet the increasing demand for sustainable vegetable harvesting all year round.
The global agriculture robots market reached a value of US$ 5.4 Billion in 2020 and according to IMARC Group to reach a value of US$ 21.10 Billion by 2026, exhibiting a CAGR of 25.20% during 2021-2026.
Source: https://www.imarcgroup.com/agricultural-robots-market
OPPORTUNITY
The global harvesting robot market is expected to show continued fast growth in the coming 10 years. Similar agriculture sectors such as the Milking and feeding robots have proven the robotic transition is inevitable and became a part of day-to-day farming.
We believe that the greenhouse sector will be even quicker to adopt robotics. The impressive 30% market share milking robots achieved in 20 years will most likely happen much faster for the greenhouse sector due to the latest technology advancements and high market demand.
Investors & Partners
