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Digital Agriculture Market Emerging Trends & Global Industry Forecast - 2028

Chicago, July 22, 2024 (GLOBE NEWSWIRE) -- The digital agriculture market is forecasted to experience significant growth, estimated to escalate from USD 22.0 Billion in 2023 to USD 36.0 Billion by 2028, demonstrating a robust Compound Annual Growth Rate (CAGR) of 10.3% during the forecast period. Consumers are increasingly concerned about the environmental impact of food production. Digital agriculture can help farmers reduce their reliance on harmful chemicals and fertilizers, conserve water, and improve soil health. For example, as stated by MDPI Sustainability article 2021, advanced technologies like the Internet of Things (IoT), play a crucial role in minimizing the use of harmful chemicals that pose risks to human health. The agricultural sector leverages advanced technologies for various programs, including crop disease monitoring, crop modeling, prediction of pest occurrences, and weather forecasting. These emerging technologies serve as highly effective methods for managing plant and crop diseases. This not only benefits the environment but also leads to higher-quality crops. Request Sample Pages of Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=235909745 The potential of blockchain for digital agriculture is undeniable. Its ability to promote transparency, efficiency, and sustainability positions it as a key driver for transforming the agricultural sector in the future. According to the FAO Report on Blockchain for Agriculture Opportunities and Challenges published in 2019, the implementation of blockchain technology plays a pivotal role by establishing an immutable record spanning from the origin of a product to its retail destination. This not only fosters increased consumer trust in the products they purchase but also provides an opportunity to recognize and reward producers adopting agricultural practices. Such initiatives contribute to the promotion of sustainable ...