Agritech Market Size & Share, Growth Report, Trends 2030

THE AGRITECH MARKET SIZE IS EXPECTED TO GROW AT A CAGR OF 12.30%, TO REACH USD 48.98 BILLION BY 2030.

Agritech Market Growth Report

Agritech Market Size & Share, Growth Report, Trends 2030

317 pages

55 tables

57 charts

5 region

20 countries

18 company

3 segments

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THE AGRITECH MARKET SIZE IS EXPECTED TO GROW AT A CAGR OF 12.30%, TO REACH USD 48.98 BILLION BY 2030.

The Agritech market report analyzes trends, growth potential, and market share across key segments like biotechnology, big data analytics, sensors, and mobility. It covers applications in production, irrigation, supply chains, and marketplaces, with regional insights spanning North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, projecting forecasts through 2030.

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AGRITECH MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
Market Size (2030)USD 48.98 Billion
Market Size (2024)USD 24.42 Billion
CAGR (2024-2030)12.30%
HISTORIC YEAR2021-2023
BASE YEAR2024
FORECAST YEAR2025-2030
SEGMENTS BYType, Application, and Geography
GEOGRAPHIC ANALYSIS North America, Europe, APAC, Latin America, and Middle East & Africa
KEY PLAYERSAGCO Corporation, Bayer Crop Science, CNH Industrial, Corteva Agriscience, John Deere, Kubota Corporation, Syngenta, and Trimble Inc.
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AGRITECH MARKET SIZE: TRENDS, DRIVERS, AND INSIGHTS

The agritech market size is rapidly evolving as agriculture faces increasing pressures to meet global food demands sustainably. In 2024, the global agritech market was valued at USD 24.42 billion and is projected to reach USD 48.98 billion by 2030, growing at a CAGR of 12.30% during this period. This growth is being driven by advancements in technology, rising food security concerns, and a growing global population expected to hit 9.7 billion by 2050.

Agritech Market Drivers

  1. Technological Innovations Technologies such as artificial intelligence (AI), the Internet of Things (IoT), drones, robotics, and blockchain are transforming agriculture.
  2. Precision farming is leading the charge, enabling higher productivity and lower environmental impact through IoT sensors and AI-driven analytics.
  3. Major players such as John Deere and Trimble are driving innovation with advanced machinery and analytical tools.
  4. Rising Demand for Sustainable Practices With climate change and resource depletion threatening traditional farming, sustainable solutions like vertical farming and controlled environment agriculture (CEA) are gaining traction. For example:
  5. In 2023, Walmart partnered with Plenty Inc. to bring vertically farmed produce to 500 U.S. stores.
  6. Bayer’s FieldView platform integrates AI for predictive crop performance analytics.
  7. Government Initiatives Governments are accelerating agritech adoption through funding and subsidies. Examples include:
  8. The European Union’s $1.5 billion subsidy program in 2023.
  9. The U.S. Farm Bill allocates USD 500 million for precision agriculture technologies.

Market Trends

  1. Vertical Farming and CEA: These innovations address limited arable land and unpredictable climates by leveraging AI and hydroponics to maximize yields while conserving resources.
  2. Agri-Biotechnology: With investments exceeding USD 27 billion in 2023, this segment is revolutionizing agriculture with drought-resistant crops and bio-based fertilizers.
  3. Smart Irrigation Systems: Solutions such as automated drip irrigation and weather-based controls optimize water usage in arid regions.

Challenges in the Agritech Market

Despite its promising growth, the agritech market faces barriers:

  1. High Initial Costs Advanced systems like autonomous machinery and precision farming equipment often require investments exceeding USD 100,000, limiting access for small and medium-sized farms.
  2. Limited Rural Connectivity Poor internet infrastructure and low digital literacy in rural areas hinder the adoption of smart technologies. Governments and companies are bridging this gap through training programs and rural broadband initiatives.

Notable Developments in Agritech

  1. John Deere unveiled its autonomous 8R tractor in 2024, aiming to deploy 1,000 autonomous tractors by 2025.
  2. Corteva expanded its eco-friendly product portfolio by acquiring Symborg in 2023, boosting its biological solutions.
  3. Trimble partnered with Verizon in 2023 to integrate 5G into precision farming, enhancing data transmission speeds.
  4. AGCO’s all-electric Fendt e100 Vario tractor was launched in 2024, reducing carbon footprints and operational costs.

Geographical Insights

  1. North America
  2. Accounts for over 35% of the global agritech market.
  3. The adoption of advanced technologies like autonomous machinery and genetically modified seeds is widespread.
  4. Asia-Pacific
  5. Driven by the food demands of a population exceeding 4.7 billion, countries like China and India offering subsidies to boost agritech adoption.
  6. Initiatives such as Japan’s Smart Agriculture Project are fostering innovation.
  7. Europe
  8. A mature market is driven by stringent environmental regulations.
  9. The European Commission’s Horizon Europe program allocated €1.3 billion in 2023 for sustainable agricultural R&D.
  10. Latin America and MEA
  11. In Latin America, agritech adoption is fueled by urbanization and rising food demand.
  12. In MEA, water-scarce nations like the UAE are embracing drone technology and vertical farming to boost food security.

SNAPSHOT

The global agritech market size is expected to grow at a CAGR of approximately 12.30% from 2024 to 2030.

The following factors are likely to contribute to the growth of the agritech market during the forecast period:

  1. Population Growth and Food Security
  2. Government Support and Initiatives
  3. Rising Adoption of Automation and Robotics

Base Year: 2024

Forecast Year: 2025-2030

The report considers the present scenario of the global agritech market and its market dynamics for 2024−2030. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market.

Key Company Profiles

  1. AGCO Corporation
  2. Business Overview
  3. Product Offerings
  4. Key Strategies
  5. Key Strengths
  6. Key Opportunities
  7. Bayer Crop Science
  8. CNH Industrial
  9. Corteva Agriscience
  10. John Deere
  11. Kubota Corporation
  12. Syngenta
  13. Trimble Inc.

Other Prominent Vendors

  1. Agreena
  2. Business Overview
  3. Product Offerings
  4. Key Strategies
  5. Key Strengths
  6. Key Opportunities
  7. AgroStar
  8. ARSR Tech
  9. CeresAI
  10. CropX
  11. DeHaat
  12. EcoRobotix
  13. FarmInsect
  14. Indigo Ag
  15. Yara International

Segmentation by Type

  1. Biotechnology & Biochemicals
  2. Big Data Analytics
  3. Sensors & Connected Devices
  4. Mobility

Segmentation by Application

  1. Production and Maintenance
  2. Irrigation
  3. Supply Chain
  4. Marketplace

Segmentation by Geography

  1. North America
  2. The U.S.
  3. Canada
  4. APAC
  5. China
  6. India
  7. Thailand
  8. Malaysia
  9. Australia
  10. Indonesia
  11. Europe
  12. France
  13. Germany
  14. Italy
  15. The U.K.
  16. Poland
  17. Spain
  18. Latin America
  19. Brazil
  20. Mexico
  21. Argentina
  22. Middle East & Africa
  23. Turkey
  24. South Africa
  25. Egypt

Frequently Asked Questions

How big is the global agritech market?

The global agritech market size was valued at USD 24.42 billion in 2024 and is expected to reach USD 48.98 billion by 2030.

What is the growth rate of the global agritech market?

The global agritech market is expected to grow at a CAGR of 12.30% from 2024 to 2030.

Who are the key players in the global agritech market?

AGCO Corporation, Bayer Crop Science, CNH Industrial, Corteva Agriscience, John Deere, Kubota Corporation, Syngenta, and Trimble Inc. are the key players in the global agritech market.

What are the significant trends in the agritech industry?

The rise of vertical farming & Controlled Environment Agriculture (CEA), increased investments in agri-biotechnology & sustainable practices, and the adoption of precision agriculture & IoT integration in farming are significant trends in the agritech industry.

Which region dominates the global agritech market share?

North America held the largest global agritech market share, accounting for over 35% in 2024.

EXHIBIT 1 MARKET SIZE CALCULATION APPROACH 2024

EXHIBIT 2 VALUE CHAIN ANALYSIS OF GLOBAL AGRITECH MARKET

EXHIBIT 3 SUPPLY SIDE AND DEMAND SIDE INDICATORS OF THE GLOBAL AGRITECH MARKET

EXHIBIT 4 IMPACT OF THE RISE OF VERTICAL FARMING AND CONTROLLED ENVIRONMENT AGRICULTURE (CEA)

EXHIBIT 5 IMPACT OF INCREASED INVESTMENTS IN AGRI-BIOTECHNOLOGY AND SUSTAINABLE PRACTICES

EXHIBIT 6 IMPACT OF ADOPTION OF PRECISION AGRICULTURE AND IOT INTEGRATION IN FARMING

EXHIBIT 7 IMPACT OF POPULATION GROWTH AND FOOD SECURITY

EXHIBIT 8 IMPACT OF GOVERNMENT SUPPORT AND INITIATIVES

EXHIBIT 9 IMPACT OF RISING ADOPTION OF AUTOMATION AND ROBOTICS

EXHIBIT 10 IMPACT OF LIMITED DIGITAL LITERACY IN RURAL AREAS

EXHIBIT 11 IMPACT OF HIGH INITIAL INVESTMENT COSTS

EXHIBIT 12 IMPACT OF REGULATORY AND POLICY CHALLENGES

EXHIBIT 13 GLOBAL AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 14 FIVE FORCES ANALYSIS 2024

EXHIBIT 15 INCREMENTAL GROWTH BY TYPE 2024 & 2030

EXHIBIT 16 GLOBAL BIOTECHNOLOGY & BIOCHEMICALS AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 17 GLOBAL BIG DATA ANALYTICS AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 18 GLOBAL SENSORS & CONNECTED DEVICES AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 19 GLOBAL MOBILITY AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 20 INCREMENTAL GROWTH BY APPLICATION 2024 & 2030

EXHIBIT 21 GLOBAL AGRITECH MARKET BY PRODUCTION AND MAINTENANCE 2021–2030 ($ BILLION)

EXHIBIT 22 GLOBAL IRRIGATION AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 23 GLOBAL AGRITECH MARKET BY SUPPLY CHAIN 2021–2030 ($ BILLION)

EXHIBIT 24 GLOBAL AGRITECH MARKET BY MARKETPLACE 2021–2030 ($ BILLION)

EXHIBIT 25 INCREMENTAL GROWTH BY GEOGRAPHY 2024 & 2030

EXHIBIT 26 NORTH AMERICA AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 27 INCREMENTAL GROWTH IN REGION 2024 & 2030

EXHIBIT 28 US AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 29 CANADA AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 30 APAC AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 31 INCREMENTAL GROWTH IN REGION 2024 & 2030

EXHIBIT 32 CHINA AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 33 INDIA AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 34 THAILAND AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 35 MALAYSIA AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 36 AUSTRALIA AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 37 INDONESIA AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 38 EUROPE AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 39 INCREMENTAL GROWTH IN EUROPE 2024 & 2030

EXHIBIT 40 FRANCE AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 41 GERMANY AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 42 ITALY AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 43 POLAND AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 44 UK AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 45 SPAIN AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 46 LATIN AMERICA AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 47 INCREMENTAL GROWTH IN LATIN AMERICA 2024 & 2030

EXHIBIT 48 BRAZIL AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 49 MEXICO AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 50 ARGENTINA AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 51 MIDDLE EAST & AFRICA AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 52 INCREMENTAL GROWTH IN MIDDLE EAST & AFRICA 2024 & 2030

EXHIBIT 53 TURKEY AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 54 SOUTH AFRICA AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 55 EGYPT AGRITECH MARKET 2021–2030 ($ BILLION)

EXHIBIT 56 GLOBAL AGRITECH MARKET SHARE BY BANDS 2023 (% SHARE)

EXHIBIT 57 KEY CAVEATS


LIST OF TABLES


TABLE 1 GLOBAL BIOTECHNOLOGY & BIOCHEMICALS AGRITECH MARKET BY GEOGRAPHY 2024−2030 ($ BILLION)

TABLE 2 GLOBAL BIG DATA ANALYTICS AGRITECH MARKET BY GEOGRAPHY 2024−2030 ($ MILLION)

TABLE 3 GLOBAL SENSORS & CONNECTED DEVICES AGRITECH MARKET BY GEOGRAPHY 2024−2030 ($ MILLION)

TABLE 4 GLOBAL MOBILITY AGRITECH MARKET BY GEOGRAPHY 2024−2030 ($ MILLION)

TABLE 5 GLOBAL PRODUCTION AND MAINTENANCE AGRITECH MARKET BY GEOGRAPHY 2024−2030 ($ MILLION)

TABLE 6 GLOBAL PRODUCTION AND MAINTENANCE AGRITECH MARKET BY GEOGRAPHY 2024−2030 (%)

TABLE 7 GLOBAL IRRIGATION AGRITECH MARKET BY GEOGRAPHY 2024−2030 ($ MILLION)

TABLE 8 GLOBAL IRRIGATION AGRITECH MARKET BY GEOGRAPHY 2024−2030 (%)

TABLE 9 GLOBAL SUPPLY CHAIN AGRITECH MARKET BY GEOGRAPHY 2024−2030 ($ MILLION)

TABLE 10 GLOBAL MARKETPLACE AGRITECH MARKET BY GEOGRAPHY 2024−2030 ($ MILLION)

TABLE 11 NORTH AMERICA AGRITECH MARKET BY TYPE 2024–2030 ($ BILLION)

TABLE 12 NORTH AMERICA AGRITECH MARKET BY TYPE 2024–2030 (%)

TABLE 13 NORTH AMERICA AGRITECH MARKET BY APPLICATION 2024–2030 ($ BILLION)

TABLE 14 NORTH AMERICA AGRITECH MARKET BY APPLICATION 2024–2030 (%)

TABLE 15 APAC AGRITECH MARKET BY TYPE 2024–2030 ($ BILLION)

TABLE 16 APAC AGRITECH MARKET BY TYPE 2024–2030 (%)

TABLE 17 APAC AGRITECH MARKET BY APPLICATION 2024–2030 ($ BILLION)

TABLE 18 APAC AGRITECH MARKET BY APPLICATION 2024–2030 (%)

TABLE 19 EUROPE AGRITECH MARKET BY TYPE 2024–2030 ($ BILLION)

TABLE 20 EUROPE AGRITECH MARKET BY TYPE 2024–2030 (%)

TABLE 21 EUROPE AGRITECH MARKET BY APPLICATION 2024–2030 ($ BILLION)

TABLE 22 EUROPE AGRITECH MARKET BY APPLICATION 2024–2030 (%)

TABLE 23 LATIN AMERICA AGRITECH MARKET BY TYPE 2024–2030 ($ BILLION)

TABLE 24 LATIN AMERICA AGRITECH MARKET BY TYPE 2024–2030 (%)

TABLE 25 LATIN AMERICA AGRITECH MARKET BY APPLICATION 2024–2030 ($ BILLION)

TABLE 26 LATIN AMERICA AGRITECH MARKET BY APPLICATION 2024–2030 (%)

TABLE 27 MIDDLE EAST & AFRICA AGRITECH MARKET BY TYPE 2024–2030 ($ BILLION)

TABLE 28 MIDDLE EAST & AFRICA AGRITECH MARKET BY TYPE 2024–2030 (%)

TABLE 29 MIDDLE EAST & AFRICA AGRITECH MARKET BY APPLICATION 2024–2030 ($ BILLION)

TABLE 30 MIDDLE EAST & AFRICA AGRITECH MARKET BY APPLICATION 2024–2030 (%)

TABLE 31 AGCO CORPORATION: MAJOR PRODUCT OFFERINGS

TABLE 32 BAYER CROP SCIENCE: MAJOR PRODUCT OFFERINGS

TABLE 33 CNH INDUSTRIAL: MAJOR PRODUCT OFFERINGS

TABLE 34 CORTEVA AGRISCIENCE: MAJOR PRODUCT OFFERINGS

TABLE 35 JOHN DEERE: MAJOR PRODUCT OFFERINGS

TABLE 36 KUBOTA CORPORATION: MAJOR PRODUCT OFFERINGS

TABLE 37 SYNGENTA: MAJOR PRODUCT OFFERINGS

TABLE 38 TRIMBLE INC.: MAJOR PRODUCT OFFERINGS

TABLE 39 AGREENA: MAJOR PRODUCT OFFERINGS

TABLE 40 AGROSTAR: MAJOR PRODUCT OFFERINGS

TABLE 41 ARSR TECH: MAJOR PRODUCT OFFERINGS

TABLE 42 CERES AI: MAJOR PRODUCT OFFERINGS

TABLE 43 CROPX: MAJOR PRODUCT OFFERINGS

TABLE 44 DEHAAT: MAJOR PRODUCT OFFERINGS

TABLE 45 ECOROBOTIX: MAJOR PRODUCT OFFERINGS

TABLE 46 FARM INSECT: MAJOR PRODUCT OFFERINGS

TABLE 47 INDIGO AG: MAJOR PRODUCT OFFERINGS

TABLE 48 YARA INTERNATIONAL: MAJOR PRODUCT OFFERINGS

TABLE 49 GLOBAL AGRITECH MARKET BY GEOGRAPHY 2024−2030 ($ BILLION)

TABLE 50 GLOBAL AGRITECH MARKET BY GEOGRAPHY 2024−2030 (%)

TABLE 51 GLOBAL AGRITECH MARKET BY TYPE 2024−2030 ($ BILLION)

TABLE 52 GLOBAL AGRITECH MARKET BY TYPE 2024−2030 (%)

TABLE 53 GLOBAL AGRITECH MARKET BY APPLICATION 2024−2030 ($ BILLION)

TABLE 54 GLOBAL AGRITECH MARKET BY APPLICATION 2024−2030 (%)

TABLE 55 CURRENCY CONVERSION 2017−2023

1. SCOPE & COVERAGE

1.1. MARKET DEFINITION

1.1.1. INCLUSIONS

1.1.2. EXCLUSIONS

1.1.3. MARKET ESTIMATION CAVEATS

1.2. SEGMENTS COVERED & DEFINITION

1.1.1 MARKET SEGMENTATION BY TYPE

1.1.2 MARKET SEGMENTATION BY APPLICATION

1.1.3 REGIONS & COUNTRIES COVERED

1.3. MARKET DERIVATION

1.3.1. HISTORIC, BASE, & FORECAST YEARS

2. PREMIUM INSIGHTS

2.1. OPPORTUNITY POCKETS

2.2. MARKET MATURITY INDICATOR

2.3. REGIONAL INSIGHTS

2.4. REPORT OVERVIEW

2.5. MARKET TREND & OPPORTUNITIES

2.5.1. RISE OF VERTICAL FARMING AND CONTROLLED ENVIRONMENT AGRICULTURE (CEA)

2.5.2. INCREASED INVESTMENTS IN AGRI-BIOTECHNOLOGY AND SUSTAINABLE PRACTICES

2.6. MARKET DRIVERS

2.6.1. GOVERNMENT SUPPORT AND INITIATIVES

2.6.2. POPULATION GROWTH AND FOOD SECURITY

2.7. MARKET CHALLENGES

2.7.1. LIMITED DIGITAL LITERACY IN RURAL AREAS

2.7.2. HIGH INITIAL INVESTMENT COSTS

2.8. SEGMENTAL ANALYSIS

2.8.1. BY TYPE

2.8.2. BY APPLICATION

2.9. VENDORS LANDSCAPE

2.9.1. RECENT DEVELOPMENTS BY TOP MAJOR BRANDS

3. MARKET AT A GLANCE

4. INTRODUCTION

4.1. OVERVIEW

4.2. THE ROLE OF IOT, AI, AND MACHINE LEARNING IN TRANSFORMING TRADITIONAL FARMING PRACTICES

4.2.1. IOT IN PRECISION AGRICULTURE

4.2.2. AI FOR PREDICTIVE INSIGHTS

4.2.3. MACHINE LEARNING FOR AUTOMATED SOLUTIONS

4.2.4. LIVESTOCK MANAGEMENT AND MONITORING

4.2.5. BENEFITS AND CHALLENGES

4.3. RECENT DEVELOPMENTS IN THE AGRITECH MARKET

4.3.1. STRATEGIC PARTNERSHIPS AND COLLABORATIONS

4.3.2. MERGERS AND ACQUISITIONS (M&A)

4.3.3. TECHNOLOGICAL ADVANCEMENTS

4.3.4. SHIFTING CONSUMER PREFERENCES

4.3.5. GOVERNMENT REGULATIONS AND POLICY SUPPORT

4.4. VALUE CHAIN ANALYSIS

4.4.1. RESEARCH AND DEVELOPMENT (R&D)

4.4.2. INPUT SUPPLIERS

4.4.3. TECHNOLOGY PROVIDERS

4.4.4. FARMERS AND AGRICULTURAL PRODUCERS

4.4.5. PROCESSING AND MANUFACTURING

4.4.6. DISTRIBUTION AND LOGISTICS

4.4.7. RETAIL AND CONSUMER ENGAGEMENT

4.4.8. SUPPORT SERVICES

4.5. SUPPLY SIDE AND DEMAND SIDE INDICATORS

4.5.1. SUPPLY SIDE INDICATORS OF THE GLOBAL AGRITECH MARKET

4.5.2. DEMAND SIDE INDICATORS OF THE GLOBAL AGRITECH MARKET

5. MARKET OPPORTUNITIES & TRENDS

5.1. RISE OF VERTICAL FARMING AND CONTROLLED ENVIRONMENT AGRICULTURE (CEA)

5.1.1. THE VERTICAL FARMING REVOLUTION

5.1.2. CONTROLLED ENVIRONMENT AGRICULTURE (CEA) ADVANCEMENTS

5.1.3. GROWING CONSUMER DEMAND FOR FRESH, SUSTAINABLE PRODUCE

5.1.4. TECHNOLOGICAL INNOVATIONS DRIVING AGRITECH

5.1.5. GOVERNMENT SUPPORT AND INVESTMENTS

5.2. INCREASED INVESTMENTS IN AGRI-BIOTECHNOLOGY AND SUSTAINABLE PRACTICES

5.2.1. AGRI-BIOTECHNOLOGY AT THE FOREFRONT OF INNOVATION

5.2.2. PRECISION AGRICULTURE BOOSTING SUSTAINABLE PRACTICES

5.2.3. REGULATORY PUSH AND INCENTIVES DRIVING ADOPTION

5.2.4. PRIVATE SECTOR INNOVATIONS TRANSFORMING THE MARKET

5.3. ADOPTION OF PRECISION AGRICULTURE AND IOT INTEGRATION IN FARMING

5.3.1. PRECISION AGRICULTURE: ENHANCING RESOURCE EFFICIENCY AND CROP YIELD

5.3.2. IOT INTEGRATION: REVOLUTIONIZING FARM MANAGEMENT

5.3.3. ECONOMIC AND ENVIRONMENTAL BENEFITS DRIVING ADOPTION

6. MARKET GROWTH ENABLERS

6.1. POPULATION GROWTH AND FOOD SECURITY

6.1.1. THE CHALLENGE OF FOOD SECURITY

6.1.2. TECHNOLOGICAL INNOVATIONS ENHANCING AGRICULTURAL PRODUCTIVITY

6.1.3. URBAN AGRICULTURE AND VERTICAL FARMING

6.1.4. AGRITECH SOLUTIONS FOR SUSTAINABLE FOOD PRODUCTION

6.2. GOVERNMENT SUPPORT AND INITIATIVES

6.2.1. FUNDING AND INCENTIVES BOLSTERING AGRITECH ADOPTION

6.2.2. PUBLIC-PRIVATE PARTNERSHIPS DRIVING TECHNOLOGICAL INTEGRATION

6.2.3. TAX BENEFITS AND STARTUP SUPPORT

6.2.4. ADDRESSING GLOBAL CHALLENGES THROUGH AGRITECH

6.2.5. IMPACT ON THE AGRITECH MARKET OUTLOOK

6.3. RISING ADOPTION OF AUTOMATION AND ROBOTICS

6.3.1. ADDRESSING LABOR SHORTAGES AND COST EFFICIENCY

6.3.2. ENHANCING SUSTAINABILITY WITH PRECISION TECHNOLOGY

6.3.3. INVESTMENTS AND POLICY SUPPORT

7. MARKET RESTRAINTS

7.1. LIMITED DIGITAL LITERACY IN RURAL AREAS

7.1.1. THE DIGITAL DIVIDE IN RURAL AREAS

7.1.2. IMPACT OF LIMITED DIGITAL SKILLS ON AGRITECH ADOPTION

7.1.3. LIMITED DIGITAL INFRASTRUCTURE AND CONNECTIVITY

7.1.4. SKEPTICISM AND LACK OF TRUST IN AGRITECH SOLUTIONS

7.1.5. FINANCIAL BURDEN ON AGRITECH COMPANIES

7.1.6. COLLABORATIVE EFFORTS TO ADDRESS THE DIGITAL LITERACY GAP

7.1.7. DEVELOPING HYBRID SOLUTIONS FOR EASIER ADOPTION

7.1.8. OVERCOMING DIGITAL LITERACY BARRIERS TO UNLOCK AGRITECH POTENTIAL

7.2. HIGH INITIAL INVESTMENT COSTS

7.2.1. FINANCIAL BARRIERS IN EMERGING MARKETS

7.2.2. SLOW ADOPTION IN DEVELOPED MARKETS

7.2.3. FINANCING CHALLENGES AND INNOVATIVE SOLUTIONS

7.2.4. ADDRESSING HIGH INITIAL INVESTMENT COSTS

7.3. REGULATORY AND POLICY CHALLENGES

7.3.1. INCONSISTENT REGULATORY LANDSCAPES

7.3.2. DATA PRIVACY AND SECURITY CONCERNS

7.3.3. GOVERNMENT SUBSIDIES AND TRADITIONAL AGRICULTURAL POLICIES

7.3.4. ENVIRONMENTAL AND SAFETY REGULATIONS

7.3.5. REGIONAL DISPARITIES AND MARKET ACCESS

7.3.6. IMPACT ON INVESTMENT AND INNOVATION

8. MARKET LANDSCAPE

8.1. MARKET OVERVIEW

8.1.1. DRIVING FORCES

8.1.2. REGIONAL INSIGHTS

8.1.3. INNOVATIONS IN SUPPLY CHAIN AND SUSTAINABILITY

8.1.4. CHALLENGES AND OPPORTUNITIES

8.1.5. THE FUTURE OF AGRITECH

8.2. MARKET SIZE & FORECAST

8.3. FIVE FORCES ANALYSIS

8.3.1. THREAT OF NEW ENTRANTS

8.3.2. BARGAINING POWER OF SUPPLIERS

8.3.3. BARGAINING POWER OF BUYERS

8.3.4. THREAT OF SUBSTITUTES

8.3.5. COMPETITIVE RIVALRY

9. TECH TYPE

9.1. MARKET SNAPSHOT & GROWTH ENGINE

9.2. MARKET OVERVIEW

9.3. BIOTECHNOLOGY & BIOCHEMICALS

9.3.1. MARKET OVERVIEW

9.3.2. MARKET SIZE & FORECAST

9.3.3. MARKET BY GEOGRAPHY

9.4. BIG DATA ANALYTICS

9.4.1. MARKET OVERVIEW

9.4.2. MARKET SIZE & FORECAST

9.4.3. MARKET BY GEOGRAPHY

9.5. SENSORS & CONNECTED DEVICES

9.5.1. MARKET OVERVIEW

9.5.2. MARKET SIZE & FORECAST

9.5.3. MARKET BY GEOGRAPHY

9.6. MOBILITY

9.6.1. MARKET OVERVIEW

9.6.2. MARKET SIZE & FORECAST

9.6.3. MARKET BY GEOGRAPHY

10. APPLICATION

10.1. MARKET SNAPSHOT & GROWTH ENGINE

10.2. MARKET OVERVIEW

10.3. PRODUCTION AND MAINTENANCE

10.3.1. MARKET OVERVIEW

10.3.2. MARKET SIZE & FORECAST

10.3.3. MARKET BY GEOGRAPHY

10.4. IRRIGATION

10.4.1. MARKET OVERVIEW

10.4.2. MARKET SIZE & FORECAST

10.4.3. MARKET BY GEOGRAPHY

10.5. SUPPLY CHAIN

10.5.1. MARKET OVERVIEW

10.5.2. MARKET SIZE & FORECAST

10.5.3. MARKET BY GEOGRAPHY

10.6. MARKETPLACE

10.6.1. MARKET OVERVIEW

10.6.2. MARKET SIZE & FORECAST

10.6.3. MARKET BY GEOGRAPHY

11. GEOGRAPHY

11.1. MARKET SNAPSHOT & GROWTH ENGINE

11.2. GEOGRAPHIC OVERVIEW

12. NORTH AMERICA

12.1. MARKET OVERVIEW

12.2. MARKET SIZE & FORECAST

12.3. TYPE

12.3.1. MARKET SIZE & FORECAST

12.4. APPLICATION

12.4.1. MARKET SIZE & FORECAST

12.5. KEY COUNTRIES

12.6. US: MARKET SIZE & FORECAST

12.7. CANADA: MARKET SIZE & FORECAST

13. APAC

13.1. MARKET OVERVIEW

13.2. MARKET SIZE & FORECAST

13.3. TYPE

13.3.1. MARKET SIZE & FORECAST

13.4. APPLICATION

13.4.1. MARKET SIZE & FORECAST

13.5. KEY COUNTRIES

13.6. CHINA: MARKET SIZE & FORECAST

13.7. INDIA: MARKET SIZE & FORECAST

13.8. THAILAND: MARKET SIZE & FORECAST

13.9. MALAYSIA: MARKET SIZE & FORECAST

13.10. AUSTRALIA: MARKET SIZE & FORECAST

13.11. INDONESIA: MARKET SIZE & FORECAST

14. EUROPE

14.1. MARKET OVERVIEW

14.2. MARKET SIZE & FORECAST

14.3. TYPE

14.3.1. MARKET SIZE & FORECAST

14.4. APPLICATION

14.4.1. MARKET SIZE & FORECAST

14.5. KEY COUNTRIES

14.6. FRANCE: MARKET SIZE & FORECAST

14.7. GERMANY: MARKET SIZE & FORECAST

14.8. ITALY: MARKET SIZE & FORECAST

14.9. POLAND: MARKET SIZE & FORECAST

14.10. UK: MARKET SIZE & FORECAST

14.11. SPAIN: MARKET SIZE & FORECAST

15. LATIN AMERICA

15.1. MARKET OVERVIEW

15.2. MARKET SIZE & FORECAST

15.3. TYPE

15.3.1. MARKET SIZE & FORECAST

15.4. APPLICATION

15.4.1. MARKET SIZE & FORECAST

15.5. KEY COUNTRIES

15.6. BRAZIL: MARKET SIZE & FORECAST

15.7. MEXICO: MARKET SIZE & FORECAST

15.8. ARGENTINA: MARKET SIZE & FORECAST

16. MIDDLE EAST & AFRICA

16.1. MARKET OVERVIEW

16.2. MARKET SIZE & FORECAST

16.3. TYPE

16.3.1. MARKET SIZE & FORECAST

16.4. APPLICATION

16.4.1. MARKET SIZE & FORECAST

16.5. KEY COUNTRIES

16.6. TURKEY: MARKET SIZE & FORECAST

16.7. SOUTH AFRICA: MARKET SIZE & FORECAST

16.8. EGYPT: MARKET SIZE & FORECAST

17. COMPETITIVE LANDSCAPE

17.1. COMPETITION OVERVIEW

17.2. COMPETITIVE BENCHMARKING

17.2.1. PRICING

17.2.2. GEOGRAPHICAL PRESENCE

17.2.3. MARKET SHARE

17.2.4. RAW MATERIAL SOURCING

17.2.5. R&D INVESTMENT

17.3. MARKET SHARE ANALYSIS

17.4. RECENT DEVELOPMENTS BY KEY VENDORS

18. KEY COMPANY PROFILES

18.1. AGCO CORPORATION

18.1.1. BUSINESS OVERVIEW

18.1.2. PRODUCT OFFERINGS

18.1.3. KEY STRATEGIES

18.1.4. KEY STRENGTHS

18.1.5. KEY OPPORTUNITIES

18.2. BAYER CROP SCIENCE

18.2.1. BUSINESS OVERVIEW

18.2.2. PRODUCT OFFERINGS

18.2.3. KEY STRATEGIES

18.2.4. KEY STRENGTHS

18.2.5. KEY OPPORTUNITIES

18.3. CNH INDUSTRIAL

18.3.1. BUSINESS OVERVIEW

18.3.2. PRODUCT OFFERINGS

18.3.3. KEY STRATEGIES

18.3.4. KEY STRENGTHS

18.3.5. KEY OPPORTUNITIES

18.4. CORTEVA AGRISCIENCE

18.4.1. BUSINESS OVERVIEW

18.4.2. PRODUCT OFFERINGS

18.4.3. KEY STRATEGIES

18.4.4. KEY STRENGTHS

18.4.5. KEY OPPORTUNITIES

18.5. JOHN DEERE

18.5.1. BUSINESS OVERVIEW

18.5.2. PRODUCT OFFERINGS

18.5.3. KEY STRATEGIES

18.5.4. KEY STRENGTHS

18.5.5. KEY OPPORTUNITIES

18.6. KUBOTA CORPORATION

18.6.1. BUSINESS OVERVIEW

18.6.2. PRODUCT OFFERINGS

18.6.3. KEY STRATEGIES

18.6.4. KEY STRENGTHS

18.6.5. KEY OPPORTUNITIES

18.7. SYNGENTA

18.7.1. BUSINESS OVERVIEW

18.7.2. PRODUCT OFFERINGS

18.7.3. KEY STRATEGIES

18.7.4. KEY STRENGTHS

18.7.5. KEY OPPORTUNITIES

18.8. TRIMBLE INC.

18.8.1. BUSINESS OVERVIEW

18.8.2. PRODUCT OFFERINGS

18.8.3. KEY STRATEGIES

18.8.4. KEY STRENGTHS

18.8.5. KEY OPPORTUNITIES

19. OTHER PROMINENT VENDORS

19.1. AGREENA

19.1.1. BUSINESS OVERVIEW

19.1.2. PRODUCT OFFERINGS

19.1.3. KEY STRATEGIES

19.1.4. KEY STRENGTHS

19.1.5. KEY OPPORTUNITIES

19.2. AGROSTAR

19.2.1. BUSINESS OVERVIEW

19.2.2. PRODUCT OFFERINGS

19.2.3. KEY STRATEGIES

19.2.4. KEY STRENGTHS

19.2.5. KEY OPPORTUNITIES

19.3. ARSR TECH

19.3.1. BUSINESS OVERVIEW

19.3.2. PRODUCT OFFERINGS

19.3.3. KEY STRATEGIES

19.3.4. KEY STRENGTHS

19.3.5. KEY OPPORTUNITIES

19.4. CERES AI

19.4.1. BUSINESS OVERVIEW

19.4.2. PRODUCT OFFERINGS

19.4.3. KEY STRATEGIES

19.4.4. KEY STRENGTHS

19.4.5. KEY OPPORTUNITIES

19.5. CROPX

19.5.1. BUSINESS OVERVIEW

19.5.2. PRODUCT OFFERINGS

19.5.3. KEY STRATEGIES

19.5.4. KEY STRENGTHS

19.5.5. KEY OPPORTUNITIES

19.6. DEHAAT

19.6.1. BUSINESS OVERVIEW

19.6.2. PRODUCT OFFERINGS

19.6.3. KEY STRATEGIES

19.6.4. KEY STRENGTHS

19.6.5. KEY OPPORTUNITIES

19.7. ECOROBOTIX

19.7.1. BUSINESS OVERVIEW

19.7.2. PRODUCT OFFERINGS

19.7.3. KEY STRATEGIES

19.7.4. KEY STRENGTHS

19.7.5. KEY OPPORTUNITIES

19.8. FARMINSECT

19.8.1. BUSINESS OVERVIEW

19.8.2. PRODUCT OFFERINGS

19.8.3. KEY STRATEGIES

19.8.4. KEY STRENGTHS

19.8.5. KEY OPPORTUNITIES

19.9. INDIGO AG

19.9.1. BUSINESS OVERVIEW

19.9.2. PRODUCT OFFERINGS

19.9.3. KEY STRATEGIES

19.9.4. KEY STRENGTHS

19.9.5. KEY OPPORTUNITIES

19.10. YARA INTERNATIONAL

19.10.1. BUSINESS OVERVIEW

19.10.2. PRODUCT OFFERINGS

19.10.3. KEY STRATEGIES

19.10.4. KEY STRENGTHS

19.10.5. KEY OPPORTUNITIES

20. REPORT SUMMARY

20.1. KEY TAKEAWAYS

20.2. STRATEGIC RECOMMENDATIONS

21. QUANTITATIVE SUMMARY

21.1. MARKET BY GEOGRAPHY

21.2. MARKET BY TYPE

21.3. MARKET BY APPLICATION

22. APPENDIX

22.1. RESEARCH METHODOLOGY

22.2. RESEARCH PROCESS

22.3. REPORT ASSUMPTIONS & CAVEATS

22.3.1. KEY CAVEATS

22.3.2. CURRENCY CONVERSION

22.4. ABBREVIATIONS

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Frequently Asked Questions

How big is the global agritech market?

The global agritech market size was valued at USD 24.42 billion in 2024 and is expected to reach USD 48.98 billion by 2030.

What is the growth rate of the global agritech market?

The global agritech market is expected to grow at a CAGR of 12.30% from 2024 to 2030.

Who are the key players in the global agritech market?

AGCO Corporation, Bayer Crop Science, CNH Industrial, Corteva Agriscience, John Deere, Kubota Corporation, Syngenta, and Trimble Inc. are the key players in the global agritech market.

What are the significant trends in the agritech industry?

The rise of vertical farming & Controlled Environment Agriculture (CEA), increased investments in agri-biotechnology & sustainable practices, and the adoption of precision agriculture & IoT integration in farming are significant trends in the agritech industry.

Which region dominates the global agritech market share?

North America held the largest global agritech market share, accounting for over 35% in 2024.

Agritech Market Report

  • Agritech Market Size