Singapore’s agricultural landscape is growing, with the country utilizing innovative techniques such as vertical farming and investing in research and development through institutions such as the Agri-Food and Veterinary Authority of Singapore (AVA) and the National University of Singapore (NUS).
However, Singapore’s limited land and resources result in heavy reliance on food imports, with 90% of the country’s food imported in 2020. As one of the most densely populated countries in the world, Singapore’s agricultural landscape is limited to only 1% of its total land area.
Agritech has become increasingly important in Singapore’s agricultural landscape, with robotics and automation being explored to improve crop management and food waste management being addressed to meet the goal of reducing food waste by 30% by 2030.
Despite these promising developments, Singapore’s agritech sector faces challenges that need to be addressed for continued growth and success. Access to capital is a significant issue for startups and small businesses in the sector, limiting their ability to develop and commercialize new technologies. Additionally, the high cost of technology and infrastructure required for advanced agricultural practices such as vertical farming and automation poses a challenge.
Nonetheless, Singapore is well-positioned to contribute to global efforts towards efficient and sustainable food production, this is all because of its expertise in technology and sustainability. Continued investment and innovation will drive the growth of Singapore’s agritech industry and ensure its success in the future.