Global Agritech Market size was valued at USD 28,131.8 million
in 2024 and is
expected to reach at USD 86,318.7 million in 2033, with a CAGR of 14.1% during
the forecast period of 2025 to 2033.
Global Agritech Market Overview
The global agritech market is
rapidly expanding as agriculture adopts digital and automated solutions to
improve productivity, reduce costs, and ensure sustainable food production. Key
technologies such as IoT sensors, precision farming systems, drones, robotics,
big data analytics, and AI-driven advisory tools are transforming crop
management, livestock monitoring, and supply chain efficiency. Growing food
demand, climate change impacts, shrinking arable land, and labor shortages are
accelerating the need for smart farming solutions. Governments and private
investors are increasingly funding agritech start-ups, while digital
marketplaces and agrifintech platforms are boosting farmer access to inputs,
credit, and market linkages, driving overall market growth.
Global Agritech Market Scope
|
Global Agritech
Market |
|||
|
Years
Considered |
|||
|
Historical Period |
2020 - 2023 |
Market Size (2024) |
USD 28,131.8 Million |
|
Base Year |
2024 |
Market Size
(2033) |
USD 86,318.7 Million |
|
Forecast Period |
2025 - 2033 |
CAGR (2025 – 2033) |
14.1% |
|
Segments
Covered |
|||
|
By Components |
·
Hardware ·
Software ·
Services |
||
|
By Technology |
·
Precision
Agriculture & Farm Management ·
Agricultural
Biotechnology ·
Connected
Agritech (IoT & Sensors) ·
AI
& Data Analytics ·
Controlled
Environment Agriculture (CEA) & Indoor Farming ·
Agri-marketplace
& Supply Chain Tech ·
Novel
Farming Systems |
||
|
By Application |
·
Pre-Production Planning o Farm
Labor Management o Equipment
Management & Sharing o Land
& Financial Management ·
Production Management o Crop
Health & Growth Monitoring o Irrigation
Management o Feeding
& Nutrition Management ·
Post-Production Management o Supply
Chain & Logistics o Quality
Assessment & Grading o Waste
Management & Valorization |
||
|
By End-User |
·
Farmers ·
Large-scale
Commercial Farmers ·
Smallholder
Farmers ·
Cooperatives
& Farmer Producer Organizations (FPOs) ·
Agribusinesses
& Input Manufacturers ·
Food
Processing Companies & Retailers |
||
|
Countries Catered |
|||
|
North America |
·
United
States ·
Canada ·
Mexico |
||
|
Europe |
·
United Kingdom ·
Germany ·
France ·
Spain ·
Italy ·
Rest of Europe |
||
|
Asia Pacific |
·
China ·
India ·
Japan ·
Australia ·
South
Korea ·
Rest
of Asia Pacific |
||
|
Latin America |
·
Brazil ·
Argentina ·
Rest of Latin America |
||
|
Middle East
& Africa
|
·
Saudi
Arabia ·
South
Africa ·
Rest
of MEA |
||
|
Key Companies |
|||
|
·
AgriSyst |
|||
Global Agritech Market Dynamics
The global agritech market
dynamics are shaped by rising food demand, sustainability pressures, and the
growing need to optimize agricultural productivity through technology. Market
growth is driven mainly by the increasing adoption of precision agriculture,
IoT devices, satellite imaging, and AI-driven analytics that enable real-time
decision-making for crop management, irrigation, pest control, and yield
forecasting. Governments across developed and developing economies are
promoting smart farming through subsidies, digital infrastructure initiatives,
and farmer training programs. Additionally, the rapid expansion of agrifintech
solutions is improving access to insurance, credit, and digital payments for
farmers, while e-marketplaces and farm-to-fork platforms reduce dependency on
intermediaries and boost farmer income.
However, the market faces
restraints such as limited digital literacy among smallholder farmers, high
initial investment costs, and inadequate rural internet connectivity in
emerging economies. Many small and marginal farmers lack both awareness and
affordability to adopt advanced agritech tools. Interoperability issues,
fragmented supply chains, and distrust towards data-sharing also hinder
technology adoption. On the other hand, opportunities are emerging through
AI-based advisory services, precision livestock farming, climate-smart
agricultural solutions, and smart cold-chain logistics. Increasing venture
capital investment in agritech start-ups, sensor miniaturization, and the
expansion of autonomous drones and robotics offer significant growth potential.
Yet, the industry must overcome challenges like regulatory gaps for data
privacy, difficulty in scaling business models across regions with diverse farm
sizes, and climate volatility affecting data reliability. Overall, continuous
innovation and inclusive digital ecosystems will be crucial for agritech market
acceleration.
Global Agritech Market Segment
Analysis
The global agritech market
segment analysis encompasses a diverse set of technologies, components, and
services that enhance productivity, supply chain efficiency, sustainability,
and farmer profitability. By component, hardware dominates the market due to
the rising use of IoT sensors, GPS devices, drones, farm robots, soil
monitoring equipment, and automated irrigation systems enabling real-time data
collection and mechanized farm operations. Software is rapidly expanding,
fuelled by AI-powered analytics, farm management platforms, predictive weather
and crop modeling tools, and mobile advisory solutions that support precision
decision-making. Services represent a growing segment driven by agronomic
consulting, data interpretation, farm automation services, training programs,
and subscription-based farm analytics, especially among small and mid-sized
growers adopting digital agriculture.
By technology, the precision
agriculture & farm management segment leads the market, utilizing drones,
GNSS, VRT (variable-rate technology), and precision irrigation to optimize farm
inputs and maximize yields. Agricultural biotechnology including GM seeds,
CRISPR-driven crop editing, bioengineered fertilizers, and biological crop
protection is accelerating sustainable farming and resilience against climate
stress, pests, and diseases. Connected agritech using IoT devices and sensors
is gaining traction for continuous crop monitoring, livestock tracking, and
smart irrigation, especially in water-scarce regions. AI & data analytics
further strengthen decision-making through yield forecasting, supply
prediction, disease detection, and market intelligence models.
Controlled Environment
Agriculture (CEA) & indoor farming including hydroponics, aquaponics, and
vertical farming is rapidly expanding in urban areas with limited arable land,
ensuring year-round production of fresh produce with reduced water and chemical
usage. Agri-marketplace & supply chain tech solutions are transforming
procurement and distribution by linking farmers directly to buyers, improving
transparency, reducing post-harvest loss, and enabling digital payments. Novel
farming systems such as insect protein farming, cellular agriculture,
regenerative agriculture technologies, and autonomous greenhouse farming are
emerging to address global food shortages and sustainable protein demand.
Global Agritech Market
Regional Analysis
The global agritech market shows
strong regional variations based on technological maturity, farm size, digital
infrastructure, and government support. North America leads the market due to
high adoption of precision agriculture, biotechnology innovations, smart farm
equipment, and well-established agritech startups backed by venture funding in
the U.S. and Canada. Europe follows with strong emphasis on sustainability,
regenerative agriculture, robotics-based farming, and strict environmental
regulations promoting smart water use, organic crop protection, and
climate-resilient farming technologies. Asia-Pacific is the fastest-growing
region, driven by large agricultural populations, government subsidies for
smart irrigation, agri-drones, digital marketplaces, and CEA systems,
particularly in China, India, Japan, and Southeast Asia. Latin America, led by
Brazil and Argentina, increasingly adopts AI-based farm analytics and
biotechnology for large-scale farming. Meanwhile, the Middle East & Africa
focus on CEA, water-efficient systems, hydroponics, and mobile agritech
platforms to address arid farming conditions and food security challenges.
Global Agritech Market Key Players
·
Deere & Company
·
Harvest Automation
·
AGCO Corporation
·
Naio Technologies
·
CNH Industrials
·
AG Eagle LLC
·
IBM Corporation
·
Corteva Agriscience
·
Datacor, Inc.
·
BESTMIX Software
·
AgriSyst
·
Alltech Inc.
Recent Developments
In March 2025, Oishii,
a leading vertical farming company known for premium indoor-grown berries,
acquired the key IP and assets of Tortuga AgTech, a Colorado-based startup
specializing in automated harvesting robots. The acquisition brings advanced
robotics and computer-vision technology into Oishii’s controlled farm
operations, enabling precise picking, sorting, and monitoring of strawberries
and other high-value fruits.
In March 2024, AGCO,
a global leader in agricultural machinery and equipment, acquired the digital
assets of FarmFacts GmbH, a specialist in farm-management software solutions.
The acquisition enhances AGCO’s strategic shift toward smart farming by
integrating advanced digital platforms with its equipment offerings. FarmFacts’
expertise in crop planning, precision fertilization, field mapping, and data
analytics will now be embedded into AGCO’s machinery ecosystem, empowering
farmers with real-time insights and more accurate decision-making.
Research Methodology
At Foreclaro Global Research, our
research methodology is firmly rooted in a comprehensive and systematic
approach to market research. We leverage a blend of reliable public and
proprietary data sources, including industry reports, government publications,
company filings, trade journals, investor presentations, and credible online
databases. Our analysts critically evaluate and triangulate information to
ensure accuracy, consistency, and depth of insights. We follow a top-down and
bottom-up data modelling framework to estimate market sizes and forecasts,
supplemented by competitive benchmarking and trend analysis. Each research
output is tailored to client needs, backed by transparent data validation
practices, and continuously refined to reflect dynamic market conditions.
According to the report, some of the fastest-growing segments include precision agriculture & farm management technologies, connected agritech (IoT & sensor technologies), AI & data analytics tools, controlled environment agriculture (CEA & indoor farming), and agri-marketplace & supply-chain technologies.
