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Agritech Market Size Outlook: How Fast Will Revenue Grow Through 2030?
The agritech market’s size has experienced rapid growth recently. It is forecast to expand from $34.58 billion in 2025 to $38.56 billion in 2026, achieving a compound annual growth rate (CAGR) of 11.5. Historically, this expansion is attributable to various factors such as increased agricultural mechanization, the initial uptake of precision farming tools, rising global food demand, the growing utilization of basic farm management systems, and the broadening of agricultural supply chains.
The agritech market is anticipated to experience swift expansion in the coming years. This market is projected to reach $58.79 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 11.1. This projected growth is driven by several factors, including an escalating demand for sustainable agricultural methods, an increase in the adoption of AI-driven analytics, wider availability of IoT-enabled devices, greater investments in smart agriculture, and a growing deployment of autonomous farming equipment. Key developments during this period are expected to encompass the proliferation of digital farm-to-market platforms, a rise in smart irrigation and water optimization techniques, the expanding application of biopesticides and biofertilizers in cultivation, enhanced integration of marketplace solutions for sourcing inputs, and a heightened emphasis on boosting supply chain transparency and efficiency.
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Agritech Market Expansion Drivers: What Is Shaping Future Growth?
The increasing global requirement for food is projected to stimulate the expansion of the agritech market. Food, essentially any substance from plants or animals that provides vital nutrients for health and growth, sees its demand escalate due to factors like population growth, increasing urbanization, and shifts in dietary preferences. Agricultural technology plays a crucial role in food production by enhancing efficiency, productivity, and sustainability in farming, thereby addressing this rising global food need. As an illustration, in January 2024, the United States Department of Agriculture, a US-based federal executive department, indicated that in 2023, food expenditures constituted an average of 12.9 percent of U.S. household spending, a minor increase from 12.8 percent in 2022. Therefore, the escalating food demand is a significant catalyst for the growth of the agritech market.
Agritech Market Segment Landscape: Which Areas Lead Market Development?
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 Strategic Trends: What Is Defining The Next Phase Of Growth?
Major companies operating in the agritech market are concentrating on developing technological advancements, such as next-generation fungicides, to improve crop protection efficiency, decrease environmental impact, and enhance agricultural productivity. Next-generation fungicide denotes advanced crop protection solutions that utilize new active ingredients, biological agents, or precise delivery technologies to effectively manage fungal diseases while reducing resistance development and environmental harm. For instance, in July 2025, Bayer AG, a Germany-based biotechnology company, introduced Felujit, specifically developed for managing sheath blight in paddy cultivation across India. It offers powerful dual-action protection by combining Penflufen and Tebuconazole, effectively controlling sheath blight in paddy through targeting both root and foliar infections. Its long-lasting efficacy requires fewer sprays, saving farmers time, labor, and cost while maintaining healthier, high-yielding crops. Felujit supports sustainable rice farming by boosting grain quality and profitability with simplified disease management.
Agritech Market Industry Leaders And Market Competition
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 Global Footprint: Which Region Holds Market Leadership?
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.