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Agriculture is extremely susceptible to climate change and in recent years British weather has not been favourable for farming conditions, the warmer temperatures and lower rainfall have had negative impacts on quality/production rates and increased issues with pests.
Recent advances in agriculture technology (Agritech) have allowed farmers to take control of the situation by controlling the growing environment, making better use of their acreage, and shortening crop cycles.
Agricultural technology or agrotechnology is the use of technology in agriculture, horticulture, and aquaculture with the aim of improving yield, efficiency, and profitability.
Agritech companies are finding new and novel ways of meeting this challenge with LED Grow light installations in different variations of growing ecosystems such as greenhouses, vertical farms, Indoor and underground farms as well as container farms. Smart irrigations systems reduce water waste while ensuring soil nutrient and moisture levels remain at their optimum conditions and reduces labour costs.
According to research (global newswire) the global Greenhouse Horticulture Market in 2019 was approximately USD 17 Billion. The market is expected to grow at a CAGR of 10% and is anticipated to reach around USD 40 Billion by 2026.