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Report Overview
The global AgTech market reached approximately USD 15.49 Billion in 2024. The market is projected to grow at a CAGR of 15.00% between 2025 and 2034, reaching a value of around USD 62.67 Billion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
-
As per the Economic Survey of India 2022-23, around 1000 Agri-Tech startups have emerged in the country in the last six years.
-
Farmtopia, an EU funding program, aims to provide training in Agricultural Digital Solutions (ADSs) to around 64,000 small farms from September 2023 to 2026 to boost sustainable agriculture.
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As per the industry reports, Australia intends to take its agriculture technology sector to 100 billion dollars by 2030.
Compound Annual Growth Rate
Value in USD Billion
15%
2025-2034
AgTech Market Outlook
*this image is indicative*
Global AgTech Market Growth
The growing world population, shortage of labour, and rapid innovations in AgTech solutions are some of the crucial market drivers. The world population is anticipated to reach around 9.7 billion by 2050, which boosts the demand for food production, thereby increasing the demand for smart AgTech solutions.
Government initiatives have been instrumental in expediting the integration of technology and innovation within the agricultural sector. For instance, the introduction of an agriculture accelerator fund in the budget speech of India in 2023 aims to foster the growth of agritech startups led by young entrepreneurs residing in rural areas.
Market players are leveraging seed funding to enhance their technological capabilities. For instance, Sprout Agritech, a venture capital firm for early-stage investments and commercialisation of innovative technologies announced its eighth investment of USD 1 million in Metrovate in May 2024, which is dedicated to transforming the agricultural sector through the creation of advanced precision biostimulants.
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Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
AgTech Industry Segmentation
“AgTech Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Biotechnology and Biochemical
- Big Data and Analytics
- Sensors and Connected Devices
- Others
Market Breakup by Application
- Irrigation
- Production and Maintenance
- Supply Chain
- Marketplace
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
AgTech Market Share
Based on region, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America accounts for a significant market share owing to the high adoption of farm management tools and programs, the utilisation of tools that measure carbon emissions and optimise farming accordingly, and the rise of agri-tech startups.
Leading Companies in the AgTech Market
The market players are increasing their collaboration activities to create a technologically advanced landscape for the farmers.
- Deere & Company
- Crofarm Agriproducts Pvt Ltd.
- Traction Ag Inc. (Conservis)
- LettUs Grow Ltd.
- AgBiome, Inc.
- Ceres Imaging, Inc.
- Semios Group (Agworld Pty Ltd.)
- Jiva Ag Pte Ltd.
- Koltiva AG
- Harvest Automation
- Others
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market reached an approximate value of USD 15.49 Billion.
The market is estimated to grow at a CAGR of 15.00% between 2025 and 2034.
The market is estimated to witness a healthy growth during 2025-2034 to reach around USD 62.67 Billion by 2034.
The market is being driven due to growing world population, shortage of labour, and rapid innovations in AgTech solutions.
The key trends aiding the market include the rise of data-driven farming, the growth of regenerative agriculture, and the evolution of the agri-business model.
Regions considered in the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Based on type, market segmentations include biotechnology and biochemical, big data and analytics, and sensors and connected devices, among others.
Different applications are irrigation, production and maintenance, supply chain, and marketplace, among others.
The major players in the market are Deere & Company, Crofarm Agriproducts Pvt Ltd., Traction Ag Inc. (Conservis), LettUs Grow Ltd., AgBiome, Inc., Ceres Imaging, Inc., Semios Group (Agworld Pty Ltd.), Jiva Ag Pte Ltd., Koltiva AG, and Harvest Automation, among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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