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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

According to a Research and Markets news release, the global commercial greenhouse market is projected to reach $50.6 billion by 2025, with a CAGR of 11.3%.
Rising Demand For Food
This growth can be attributed to the rising demand for food due to the growing population, and climate change, which affects the yield of crops.
Market Demands
Yield quality, diversity, regulation, and consistent supply challenge growers to improve production capabilities to be able to compete in the future.
Technology Developments
Technology developments over the past 10 years have reduced the time to market (TTM). Advances in battery and vision technology, artificial intelligence, and big data are all contributing to this accelerated TTM.
500 thousand hectares
500 thousand hectares
The total world greenhouse vegetable production area is more than 500 thousand hectares (1.2 million acres)
10% in high-yield
with approximately 10% in high-yield greenhouses, also known as high-tech greenhouses.
These greenhouses represent MetoMotion’s first target market as they are best suited for robotic harvesting due to their consistent infrastructure.
Future Growth & Collaborations

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

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This project had received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement No 827511
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