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Agritech Market Size Estimate For 2026 And Revenue Forecast Through 2030
The agritech market has experienced swift expansion in recent years. Its valuation is expected to rise from $34.58 billion in 2025 to $38.56 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 11.5%. The momentum observed in the past can be credited to several factors, including an increase in agricultural mechanization, the initial embrace of precision farming tools, a surge in global food demand, more widespread use of fundamental farm management systems, and the broadening of agricultural supply chains.
The agritech market size is projected to experience substantial growth over the next few years, reaching $58.79 billion in 2030 at a compound annual growth rate (CAGR) of 11.1%. This anticipated expansion is attributed to a rising demand for sustainable farming solutions, increased adoption of AI-driven analytics, broader penetration of IoT-enabled devices, expanding investments in smart agriculture, and a growing use of autonomous farming equipment. Key trends for the forecast period include the proliferation of farm-to-market digital platforms, greater implementation of smart irrigation and water optimization practices, an increase in the application of biopesticides and biofertilizers for crop production, enhanced integration of marketplace solutions for input procurement, and a heightened focus on improving supply chain transparency and efficiency.
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Why Is Demand In The Agritech Market Expected To Keep Rising?
The increasing need for food is anticipated to drive the expansion of the agritech market in the future. Food, defined as a substance offering vital nutrients for development and well-being, originates from either plants or animals and is ingested for bodily functions. This need stems from a rising global population, increasing urbanization, and evolving eating habits. Agricultural technology plays a crucial role in food production, improving farming efficiency, boosting productivity, and ensuring sustainability to satisfy the world’s increasing food requirements. As an illustration, in January 2024, data from the United States Department of Agriculture, a US-based federal executive department, indicated that in 2023, U.S. households allocated an average of 12.9 percent of their spending to food, a slight increase from 12.8 percent in 2022. Consequently, the escalating demand for food is fueling the expansion of the agritech market.
How Is The Agritech Market Divided Across Segments And Subsegments?
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 Trends Reshaping Customer Demand And Business Strategies
Leading firms within the agritech market are concentrating on creating advanced technologies, including next-generation fungicides, aimed at boosting crop protection effectiveness, lessening environmental harm, and elevating agricultural output. These next-generation fungicides represent sophisticated crop safeguarding solutions employing innovative active components, biological agents, or precise application methods to efficiently manage fungal diseases, simultaneously curbing resistance evolution and ecological footprint. An illustration of this is seen in July 2025, when Bayer AG, a biotechnology company headquartered in Germany, introduced Felujit, a product specifically engineered for managing sheath blight in paddy cultivation throughout India. This product provides potent dual-action defense by combining Penflufen and Tebuconazole, thereby effectively addressing sheath blight in paddy through its action on both root and foliar infections. Its prolonged effectiveness necessitates fewer applications, consequently saving farmers time, labor, and expenses, all while fostering healthier, high-yielding crops. Felujit facilitates sustainable rice farming by improving grain quality and increasing profitability through streamlined disease management.
Agritech Market Major Players: Companies At The Forefront Of The Industry
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 Regional Share Analysis For 2025
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.
