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. According to the 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.