Despite being the bedrock of civilization, the agriculture sector has remained tech-agnostic for a long time. However, with the pandemic accelerating technology adoption in agriculture, agtech companies received a massive impetus to scale across food value chains. By harnessing new-age technologies, such as artificial intelligence, big data analytics, machine learning, cloud computing, blockchain, IoT, among others, agtech companies are plugging in structural gaps in the agriculture systems. Agtech companies that are working on post-harvest solutions use technological excellence to address food quality assessment issues, logistical challenges, create market linkages, institute traceability solutions, leverage data wealth for business intelligence, develop cold storage infrastructure, among others.
The year 2021 was a bumper one for the agtech sector and 2022 is slated to be bigger and bolder in comparison. As existing agtech players scale their businesses and new players enter the fray, let’s analyse the key factors which will pave the way for the growth of post-harvest agtech businesses.
