Agritech Market Size, Share, Trends, Analysis, and Forecast 2025-2034 | Global Industry Growth, Competitive Landscape, Opportunities, and Challenges

Global Agritech Market is valued at USD 30.5 billion in 2025. Further, the market is expected to grow at a CAGR of 12% to reach USD 84.2 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)

What You Receive

• Global Agritech market size and growth projections (CAGR), 2024- 2034
• Impact of recent changes in geopolitical, economic, and trade policies on the demand and supply chain of Agritech.
• Agritech market size, share, and outlook across 5 regions and 27 countries, 2025- 2034.
• Agritech market size, CAGR, and Market Share of key products, applications, and end-user verticals, 2025- 2034.
• Short and long-term Agritech market trends, drivers, restraints, and opportunities.
• Porter’s Five Forces analysis, Technological developments in the Agritech market, Agritech supply chain analysis.
• Agritech trade analysis, Agritech market price analysis, Agritech Value Chain Analysis.
• Profiles of 5 leading companies in the industry- overview, key strategies, financials, and products.
• Latest Agritech market news and developments.

The Agritech Market international scenario is well established in the report with separate chapters on North America Agritech Market, Europe Agritech Market, Asia-Pacific Agritech Market, Middle East and Africa Agritech Market, and South and Central America Agritech Markets. These sections further fragment the regional Agritech market by type, application, end-user, and country.

Who can benefit from this research

The research would help top management/strategy formulators/business/product development/sales managers and investors in this market in the following ways

• The report provides 2024 Agritech market sales data at the global, regional, and key country levels with a detailed outlook to 2034, allowing companies to calculate their market share and analyze prospects, uncover new markets, and plan market entry strategy.
• The research includes the Agritech market split into different types and applications. This segmentation helps managers plan their products and budgets based on the future growth rates of each segment
• The Agritech market study helps stakeholders understand the breadth and stance of the market giving them information on key drivers, restraints, challenges, and growth opportunities of the market and mitigating risks
• This report would help top management understand competition better with a detailed SWOT analysis and key strategies of their competitors, and plan their position in the business
• The study assists investors in analyzing Agritech business prospects by region, key countries, and top companies' information to channel their investments.

Available Customizations

The standard syndicate report is designed to serve the common interests of Agritech Market players across the value chain and include selective data and analysis from entire research findings as per the scope and price of the publication.

However, to precisely match the specific research requirements of individual clients, we offer several customization options to include the data and analysis of interest in the final deliverable.

Some of the customization requests are as mentioned below

• Segmentation of choice - Our clients can seek customization to modify/add a market division for types/applications/end-uses/processes of their choice.
• Agritech Pricing and Margins Across the Supply Chain, Agritech Price Analysis / International Trade Data / Import-Export Analysis
• Supply Chain Analysis, Supply-Demand Gap Analysis, PESTLE Analysis, Macro-Economic Analysis, and other Agritech market analytics
• Processing and manufacturing requirements, Patent Analysis, Technology Trends, and Product Innovations
• Further, the client can seek customization to break down geographies as per their requirements for specific countries/country groups such as South East Asia, Central Asia, Emerging and Developing Asia, Western Europe, Eastern Europe, Benelux, Emerging and Developing Europe, Nordic countries, North Africa, Sub-Saharan Africa, Caribbean, The Middle East and North Africa (MENA), Gulf Cooperation Council (GCC) or any other.
• Capital Requirements, Income Projections, Profit Forecasts, and other parameters to prepare a detailed project report to present to Banks/Investment Agencies.
• Customization of up to 10% of the content can be done without any additional charges.