The Global Agritech Market Set to Double by 2030 – the Market to Worth $48.98 Billion by 2029 - Arizton

Arizton is pleased to announce its latest report, the global agritech market - global outlook & forecast 2025-2030, shedding light on the dynamic and rapidly evolving industry. The comprehensive report unveils valuable market trends, growth opportunities, and the competitive landscape of the business. With in-depth analysis and meticulous research, this report serves as a strategic guide for industry players, investors, and decision-makers, offering a comprehensive understanding of the current agritech market dynamics and future prospects. 

Browse 55 market data Tables and 57 Figures spread through 304 Pages and in-depth TOC on the agritech market type (biotechnology & biochemicals, big data analytics, sensors & connected devices, and mobility), application (production and maintenance, irrigation, supply chain, and marketplace), geography (North America, Europe, APAC, Latin America, And Middle East & Africa)

Arizton predicted that the global agritech market size to reach USD 48.98 billion by 2030. The sector is expected to expand at a compound annual growth rate (CAGR) of 12.30%, driven by an increasing reliance on precision agriculture and advanced farming technologies to address modern agricultural challenges. Factors such as global population growth, shrinking arable land, and the need for sustainable farming practices are fueling the adoption of agritech solutions across the world. 

Agritech Industry Overview

Precision agriculture stands at the forefront of this growth, with technologies such as the Internet of Things (IoT), artificial intelligence (AI), and big data analytics revolutionizing the way farms operate. Companies like John Deere are leading the charge with innovations such as the See & Spray Ultimate Technology, which uses machine learning and advanced cameras to reduce herbicide use by up to 77%. Similarly, Trimble’s Autonomy Platform is enhancing efficiency on large-scale farms, reducing labor costs by improving machinery performance.

Another game-changer in the agritech space is the increasing use of drones, robotics, and satellite imaging. In 2023, DJI Agriculture reported a 50% increase in the adoption of its agribots for tasks such as pesticide spraying and crop monitoring. Planet Labs, a leading satellite imaging company, has partnered with agribusinesses to provide high-resolution data for precise crop management and planning.

Regional Insights

North America continues to dominate the global agritech market, accounting for over 35% of the market revenue in 2024. This is due to substantial investments, favorable government policies, and a strong network of agritech startups. The US Department of Agriculture (USDA) launched the Climate-Smart Commodities Initiative in 2023, dedicating $1 billion to integrate advanced technologies with climate-resilient agricultural practices. In parallel, Cargill and Microsoft have formed a strategic partnership focused on integrating AI into livestock management.

The Asia-Pacific region is emerging as the fastest-growing agritech market, led by countries like India and China. Startups in agritech in India like DeHaat have secured major funding, while China’s National Agricultural Modernization Plan aims to digitize 60% of farms by 2025, significantly boosting the region’s agritech adoption. 

Agritech Market Sees Groundbreaking Developments as AI, Robotics, and Regional Expansion Take Center Stage

The agritech market is experiencing dynamic shifts as key players intensify their focus on cutting-edge technologies and expand into high-growth regions. AI, robotics, drones, and vertical farming are at the forefront of innovation, with major vendors like Syngenta and Corteva leading the charge. Syngenta’s launch of the "Shoots" innovation accelerator and Corteva’s "Corteva Catalyst" program are pushing the boundaries of how emerging technologies can integrate into research and development, accelerating advancements in sustainable agriculture.

Industry giants such as Bayer, Corteva, and John Deere continue to bolster their market presence through strategic mergers, acquisitions, and partnerships, ensuring they remain at the cutting edge of agritech innovation. Meanwhile, startups like Indigo Agriculture and Farmer’s Edge are leveraging AI and cloud-based solutions to rapidly scale their operations and capture significant market share.

As developed markets approach saturation, leading vendors are looking to the high-potential regions of Asia-Pacific and Africa. Syngenta Group, for instance, is making bold strides in India, launching platforms like Cropwise to engage millions of farmers. In Africa, Twiga Foods is digitizing supply chains, exemplifying how agritech is driving regional diversification strategies across the globe. 

Sustainability and Supply Chain Innovations in Agritech Market

The push for sustainability is also driving the agritech market, with technologies like blockchain playing a key role in improving food traceability and reducing food waste. IBM Food Trust partnered with European agribusinesses in 2023 to reduce food fraud and waste by 20%. Vertical farming, hydroponics, and aquaponics are revolutionizing food production, with companies like Plenty and AeroFarms pioneering sustainable agriculture solutions. 

Challenges and Opportunities for Agritech

Despite the promising growth, the agritech sector faces challenges, such as high initial investment costs, particularly in emerging markets where smallholder farmers dominate. Governments are stepping in to address this, with initiatives like the Indian Digital Agriculture Mission and Brazil’s Agro 4.0 Program, which offer funding and support for the adoption of smart farming technologies. 

The Future of Agritech Market

The agritech market is on the verge of transforming the agricultural industry, blending advanced technologies with traditional farming methods to meet the growing global food demand. As the world faces challenges such as shrinking arable land, climate change, and a rising population, the integration of precision farming, blockchain-enabled supply chains, and sustainable farming solutions is becoming essential for the future of agriculture.

Precision farming techniques, such as the use of IoT, AI, and big data analytics, are revolutionizing farming by enabling real-time monitoring of crops, soil, and weather conditions. These technologies optimize resource use, increase yields, and reduce environmental impact. Blockchain technology is enhancing food traceability and reducing waste, while providing transparency in the supply chain. Additionally, innovations like vertical farming, hydroponics, and aquaponics are enabling sustainable food production in urban areas with minimal environmental footprint.

As these technologies become more affordable and accessible, even remote farming communities are adopting them. This trend is fostering a global agricultural ecosystem that is not only more efficient and productive but also environmentally sustainable. The future of agritech promises to reshape agriculture, creating solutions that address the dual challenges of feeding a growing population and protecting the planet for generations to come. 

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Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services. 

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