In 2023, business enterprise R&D expenditure in the agriculture, forestry, and fishing sectors in Germany was recorded at 338 million US dollars PPP. From 2024 to 2028, the forecast predicts a steady growth in this expenditure, increasing from 350.53 million to 403.42 million US dollars PPP. This reflects a consistent year-on-year growth, with an approximate Compound Annual Growth Rate (CAGR) of around 3.6% over the 5-year period.
Future trends to watch for include:
- Adoption of advanced technologies like AI and IoT in agriculture.
- Increased focus on sustainable and eco-friendly R&D initiatives.
- Potential impacts of climate change and regulatory policies on R&D investments.
