Today’s modern technology have been used to increase food production through from sources like chemical fertilizers, pesticides, herbicides, modern agricultural machinery etc.

The food technology is growing around the world at 3.5% a year and is expected to grow more than USD 7 trillion by 2014.

The International Food Policy Research Institute measures the impacts of agricultural innovation on farm productivity, prices, hunger, and trade flows as we approach 2050 and identifies practices that could significantly benefit developing nations.

No-till farming alone could increase maize yields by 20% but also irrigating the same no-till fields could increase maize yields by 67% in 2050.

Nitrogen-use efficiency could increase rice crop yields by 22% but irrigation increased the yields by another 21%.

The combination of agricultural technologies and practices could reduce food prices by up to 49% for maize, up to 43% for rice, and 45% for wheat due to increased crop productivity.

The technologies given the highest percentage of potential impact for agriculture in developing countries include no-till farming, nitrogen-use efficiency, and crop protection from weeds, insects, and diseases.

If we talk about the Ireland food service market growing to a record $8.69 billion in 2016 and forecast to grow to more than $10.43 billion by 2020. This country supplies 41 per cent of food and drink exports to the UK, valued at $ 5.10 billion.

China is one of the largest food markets in volume and value terms because of its population size and growing income but the Asia-Pacific food market is constantly growing.