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Agritech Market Size And Revenue Outlook Through 2030
The agritech market size has undergone rapid expansion in recent years. It is forecast to grow from $34.58 billion in 2025 to $38.56 billion in 2026, achieving a compound annual growth rate (CAGR) of 11.5%. The growth observed in the historic period can be attributed to an increase in agricultural mechanization, the early adoption of precision farming tools, a rise in global food demand, the expanding use of basic farm management systems, and the broadening of agricultural supply chains.
The agritech market is projected to experience substantial expansion in the coming years. This market is anticipated to reach a valuation of $58.79 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 11.1%. This growth during the forecast period is fueled by several factors, including an escalating demand for sustainable agricultural solutions, the increased adoption of AI-driven analytics, wider penetration of IoT-enabled devices, expanding investments in smart agriculture, and a greater utilization of autonomous farming equipment. Key trends expected during this period involve the proliferation of farm-to-market digital platforms, a growing embrace of smart irrigation and water optimization techniques, heightened application of biopesticides and biofertilizers in crop cultivation, increasing integration of marketplace solutions for sourcing inputs, and an enhanced emphasis on boosting supply chain transparency and efficiency.
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Agritech Market Demand Drivers: What’s Powering Industry Growth?
The increasing demand for food is projected to advance the expansion of the agritech market moving forward. Food is defined as any substance, obtained from plants or animals, that supplies essential nutrients for health and growth, and is ingested for physiological purposes. This need is generated by factors like population growth, urbanization, and evolving dietary tastes. Agricultural technology finds widespread application in food production to improve efficiency, productivity, and sustainability in farming methods, aiming to satisfy the world’s increasing food requirements. As an illustration, in January 2024, the United States Department of Agriculture, a US-based federal executive department, indicated that in 2023, food spending constituted an average of 12.9 percent of U.S. household expenditures, which was a slight increase from 12.8 percent in 2022. Hence, the rising food demand is fueling the growth of the agritech market.
Agritech Market Segments: Where Is Growth Concentrated?
The agritech market covered in this report is segmented –
1) By Type: Big Data And Analytics, Biotechnology And Biochemical, Mobility, Sensors And Connected Devices, Other Types
2) By Application: Production And Maintenance, Irrigation, Supply Chain, Marketplace, Other Applications
3) By Sector: Precision Farming, Agriculture, Agrochemicals, Smart Agriculture, Biotechnology, Indoor Farming, Other Sectors
Subsegments:
1) By Big Data And Analytics: Predictive Analytics, Data Management Platforms, Farm Management Software
2) By Biotechnology And Biochemical: Genetically Modified Organisms (GMOs), Biopesticides, Biofertilizers
3) By Mobility: Agricultural Drones, Autonomous Tractors, Farm Management Apps
4) By Sensors And Connected Devices: Soil Sensors, Weather Stations, Livestock Monitoring Devices
5) By Other Types: Precision Agriculture Technologies, Supply Chain Solutions, Smart Irrigation Systems
Agritech Market Innovation Trends: What Developments Are Reshaping The Industry?
Leading companies within the agritech market are concentrating on creating technological breakthroughs like next-generation fungicide to boost crop protection efficiency, lessen environmental consequences, and improve agricultural output. Next-generation fungicide denotes sophisticated crop protection remedies that leverage novel active constituents, biological substances, or precision delivery techniques to effectively manage fungal ailments while reducing resistance evolution and ecological footprint. For instance, in July 2025, Bayer AG, a biotechnology company based in Germany, unveiled Felujit, which was specifically formulated for managing sheath blight in paddy cultivation across India. It provides potent dual-action safeguarding by combining Penflufen and Tebuconazole, effectively combating sheath blight in paddy by targeting both root and foliar contagions. Its enduring effectiveness necessitates fewer applications, thereby saving farmers time, labor, and cost while preserving healthier, high-yielding crops. Felujit facilitates sustainable rice cultivation by enhancing grain quality and profitability through simplified disease mitigation.
Agritech Market Key Participants And Competitive Landscape
Major companies operating in the agritech market are BASF SE, Dow AgroSciences LLC, Bayer Crop Science AG, Deere & Company, Nutrien Ltd., Syngenta Group AG, 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., AGCO Corporation, Olam International Limited, Trimble Inc., Raven Industries, AG Leader Technology, The Climate Corporation, Topcon Agriculture, Parrot SA, Sentera Inc., Taranis, Farmers Edge Inc
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Agritech Market Largest Region By Revenue And Market Share
North America was the largest region in the agritech market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agritech market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
