WIPO Patent Landscape Report on Agrifood
India Records the Fastest Annual Growth in Patent Applications
The World Intellectual Property Organization (WIPO) Patent Landscape Report on Agrifood indicates that over the past 20 years, more than 3.5 million inventions in the Agrifood sector have been patented. Additionally, investments in Agrifood technology have surged from $3 billion in 2012 to nearly $30 billion in 2022.
Agrifood encompasses a broad spectrum of activities linked to agriculture and food production, including farming, distribution, consumption, and waste management. This sector is crucial for ensuring global food security, fostering economic growth, and promoting sustainability. By harnessing innovation and technology, agrifood systems enhance productivity, minimize waste, and ensure access to safe, nutritious food for an increasing population.
According to the Patent Landscape Report, the US still files the most Agrifood international patents, Japan and China now take second and third place. India, meanwhile, has seen the fastest annual growth in patent applications, followed closely by China and the Republic of Korea.
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