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Agritech Market Analysis and Outlook Report: Industry Size, Share, Growth Trends, and Forecast (2025-2034)

Published On: Apr, 2025
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Pages: 147

"The global Agritech Market is valued at USD 33.4 billion in 2025. Further, the market is expected to grow at a CAGR of 11.05% to reach USD 85.8 billion by 2034."

The agritech market, encompassing technological innovations applied to farming, is rapidly transforming the agriculture industry. Agritech solutions range from precision farming tools, such as drones and sensors, to genetic engineering and automated machinery. These technologies are enhancing productivity, sustainability, and resource efficiency, making it possible for farmers to grow more food with fewer resources. The market is also seeing a rise in farm management software and data analytics platforms, which help farmers monitor crop health, weather patterns, soil conditions, and other factors that impact yield. The agritech market is crucial in addressing global challenges such as food security, climate change, and the need for sustainable farming practices.

In 2024, the agritech market is experiencing significant growth, driven by advances in precision agriculture and automation. Technologies like drones, autonomous tractors, and AI-driven platforms are making it easier for farmers to monitor and manage crops in real-time. The integration of Internet of Things (IoT) sensors in farms is allowing for more efficient irrigation, soil monitoring, and pest management, improving productivity while conserving resources. The market is also benefiting from the increasing popularity of vertical farming and controlled-environment agriculture (CEA), where technology is used to optimize plant growth in urban areas. Furthermore, innovations in blockchain are improving the traceability of food products, ensuring transparency and food safety throughout the supply chain.

Looking to 2025 and beyond, the agritech market is poised for continued growth, with further advancements in AI, robotics, and machine learning. These technologies will drive the development of fully automated farms, where AI-driven systems can manage planting, irrigation, pest control, and harvesting without human intervention. The use of AI and big data will enable farmers to make more informed decisions, leading to better crop management and resource optimization. Additionally, the market will continue to benefit from the rise of sustainable agriculture practices, with technologies focused on reducing water usage, minimizing chemical inputs, and enhancing soil health. As technology continues to revolutionize farming, agritech will play a crucial role in ensuring global food security and environmental sustainability.

Key Market Trends

  • Rise of Precision Agriculture: The adoption of drones, sensors, and AI is enabling farmers to optimize crop yields and reduce resource usage.
  • Integration of IoT in Farming: IoT sensors are helping farmers monitor and manage crops more efficiently, enhancing productivity and sustainability.
  • Advancements in Autonomous Farm Machinery: Robotics and autonomous vehicles are revolutionizing farming operations by reducing labor costs and improving efficiency.
  • Growth of Vertical Farming and CEA: Technological advancements are driving the rise of urban farming solutions like vertical farming and hydroponics.
  • Blockchain for Food Traceability: Blockchain technology is improving the transparency and safety of food supply chains, enhancing consumer trust.

    • Key Market Drivers

  • Technological Advancements in Farming: Innovations in AI, IoT, and automation are driving the adoption of smarter farming techniques.
  • Need for Sustainable Farming Practices: Agritech solutions are essential for reducing the environmental impact of farming while improving productivity.
  • Global Food Security Concerns: The need to feed a growing global population is driving the demand for more efficient and productive farming technologies.
  • Government Support for Agricultural Innovation: Policies promoting the adoption of advanced agricultural technologies are boosting the agritech market.

    • Key Market Challenge

  • High Costs of Implementation: The high initial investment required for advanced agritech solutions can be a barrier for small-scale farmers, particularly in developing countries.

    • Market Segmentation

    By Type

  • Big Data And Analytics
  • Biotechnology And Biochemical
  • Mobility
  • Sensors And Connected Devices
  • Other Types

    • By Application

  • Production And Maintenance
  • Irrigation
  • Supply Chain
  • Marketplace
  • Other Applications

    • By Sector

  • Precision Farming
  • Agriculture
  • Agrochemicals
  • Smart Agriculture
  • Biotechnology
  • Indoor Farming
  • Other Sectors

    • By Geography

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Vietnam, Rest of APAC)
  • The Middle East and Africa (Middle East, Africa)
  • South and Central America (Brazil, Argentina, Rest of SCA)

    • Key Market Players

  • Cargill Incorporated
  • Archer Daniels Midland Company (ADM)
  • BASF SE
  • Wilmar International Limited
  • Bunge Limited
  • Dow AgroSciences LLC
  • Bayer Crop Science AG
  • Deere & Company
  • Nutrien Ltd.
  • Syngenta Group AG
  • Olam International Limited
  • Yara International ASA
  • CNH Industrial NV
  • Sumitomo Chemical Company Limited
  • Kubota Corporation
  • The Mosaic Company
  • Corteva Agriscience Inc.
  • The Andersons Inc.
  • Land O'Lakes Inc.
  • Tractor Supply Company
  • Ball Corporation
  • Tetra Pak Group
  • AGCO Corporation
  • Darling Ingredients Inc.
  • Calavo Growers Inc.
    • 1. Table of Contents
    1.1 List of Tables
    1.2 List of Figures

    2. Agritech Market Latest Trends, Drivers and Challenges, 2024- 2034
    2.1 Agritech Market Overview
    2.2 Agritech Market Developments
    2.2.1 Agritech Market -Supply Chain Disruptions
    2.2.2 Agritech Market -Direct/Indirect Impact of Tariff Changes and Trade Restrictions
    2.2.3 Agritech Market -Price Development
    2.2.4 Agritech Market -Regulatory and Compliance Management
    2.2.5 Agritech Market -Consumer Expectations and Trends
    2.2.6 Agritech Market -Market Structure and Competition
    2.2.7 Agritech Market -Technological Adaptation
    2.2.8 Agritech Market -Changing Retail Dynamics

    2.3 Agritech Market Insights, 2025- 2034
    2.3.1 Prominent Agritech Market product types, 2025- 2034
    2.3.2 Leading Agritech Market End-User markets, 2025- 2034
    2.3.3 Fast-Growing countries for Agritech Market sales, 2025- 2034
    2.4 Agritech Market Drivers and Restraints
    2.4.1 Agritech Market Demand Drivers to 2034
    2.4.2 Agritech Market Challenges to 2034
    2.5 Agritech Market- Five Forces Analysis
    2.5.1 Agritech Market Industry Attractiveness Index, 2025
    2.5.2 Threat of New Entrants
    2.5.3 Bargaining Power of Suppliers
    2.5.4 Bargaining Power of Buyers
    2.5.5 Intensity of Competitive Rivalry
    2.5.6 Threat of Substitutes

    3. Global Agritech Market Value, Market Share, and outlook to 2034
    3.1 Global Agritech Market Overview, 2025
    3.2 Global Agritech Market Revenue and Forecast, 2025- 2034 (US$ Million)
    3.3 Global Agritech Market Size and Share Outlook by Type, 2025- 2034
    3.4 Global Agritech Market Size and Share Outlook by End-User, 2025- 2034
    3.5 Global Agritech Market Size and Share Outlook by Region, 2025- 2034

    4. Asia Pacific Agritech Market Value, Market Share and Forecast to 2034
    4.1 Asia Pacific Agritech Market Overview, 2025
    4.2 Asia Pacific Agritech Market Revenue and Forecast, 2025- 2034 (US$ Million)
    4.3 Asia Pacific Agritech Market Size and Share Outlook by Type, 2025- 2034
    4.4 Asia Pacific Agritech Market Size and Share Outlook by End-User, 2025- 2034
    4.5 Asia Pacific Agritech Market Size and Share Outlook by Country, 2025- 2034
    4.6 Key Companies in Asia Pacific Agritech Market

    5. Europe Agritech Market Value, Market Share, and Forecast to 2034
    5.1 Europe Agritech Market Overview, 2025
    5.2 Europe Agritech Market Revenue and Forecast, 2025- 2034 (US$ Million)
    5.3 Europe Agritech Market Size and Share Outlook by Type, 2025- 2034
    5.4 Europe Agritech Market Size and Share Outlook by End-User, 2025- 2034
    5.5 Europe Agritech Market Size and Share Outlook by Country, 2025- 2034
    5.6 Key Companies in Europe Agritech Market

    6. North America Agritech Market Value, Market Share, and Forecast to 2034
    6.1 North America Agritech Market Overview, 2025
    6.2 North America Agritech Market Revenue and Forecast, 2025- 2034 (US$ Million)
    6.3 North America Agritech Market Size and Share Outlook by Type, 2025- 2034
    6.4 North America Agritech Market Size and Share Outlook by End-User, 2025- 2034
    6.5 North America Agritech Market Size and Share Outlook by Country, 2025- 2034
    6.6 Key Companies in North America Agritech Market

    7. South and Central America Agritech Market Value, Market Share, and Forecast to 2034
    7.1 South and Central America Agritech Market Overview, 2025
    7.2 South and Central America Agritech Market Revenue and Forecast, 2025- 2034 (US$ Million)
    7.3 South and Central America Agritech Market Size and Share Outlook by Type, 2025- 2034
    7.4 South and Central America Agritech Market Size and Share Outlook by End-User, 2025- 2034
    7.5 South and Central America Agritech Market Size and Share Outlook by Country, 2025- 2034
    7.6 Key Companies in South and Central America Agritech Market

    8. Middle East Africa Agritech Market Value, Market Share and Forecast to 2034
    8.1 Middle East Africa Agritech Market Overview, 2025
    8.2 Middle East and Africa Agritech Market Revenue and Forecast, 2025- 2034 (US$ Million)
    8.3 Middle East Africa Agritech Market Size and Share Outlook by Type, 2025- 2034
    8.4 Middle East Africa Agritech Market Size and Share Outlook by End-User, 2025- 2034
    8.5 Middle East Africa Agritech Market Size and Share Outlook by Country, 2025- 2034
    8.6 Key Companies in Middle East Africa Agritech Market

    9. Agritech Market Players Analysis
    9.1 Agritech Market Companies - Key Strategies and Financial Analysis
    9.1.1 Snapshot
    9.1.2 Business Description
    9.1.3 Products and Services
    9.1.4 Financial Analysis

    10. Agritech Market Industry Recent Developments

    11 Appendix
    11.1 Publisher Expertise
    11.2 Research Methodology
    11.3 Annual Subscription Plans
    11.4 Contact Information

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    FAQ's

    The Global Agritech Market is estimated to generate USD 33.4 billion in revenue in 2025.

    The Global Agritech Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 11.1% during the forecast period from 2025 to 2034.

    The Agritech Market is estimated to reach USD 85.8 billion by 2034

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