Press release
Agritech Market Analysis, Market Size, Leading Players, Share And Forecast To 2033
Agritech Market
According to The Business Research Company's, The agritech market size has grown rapidly in recent years. It will grow from $27.12 billion in 2023 to $30.63 billion in 2024 at a compound annual growth rate (CAGR) of 13.0%. The growth in the historic period can be attributed to green revolution, advancements in agricultural machinery, introduction of genetically modified organisms (GMOs), adoption of precision agriculture.
The agritech market size is expected to see rapid growth in the next few years. It will grow to $48.01 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to digital transformation in agriculture, climate-smart agriculture, biotechnology innovations, rise of agricultural robotics and automation. Major trends in the forecast period include digital farming and precision agriculture, vertical farming and indoor agriculture, sustainable and regenerative agriculture, growing blockchain and supply chain transparency, robotics and automation in agriculture.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/agritech-global-market-report
Market Drivers and Trends:
The growing food demand is expected to propel the growth of the agritech market going forward. Food is any substance that provides essential nutrients for growth and health, is sourced from plants or animals, and is consumed for physiological functions. This demand arises from population growth, urbanization, and changing dietary preferences. Agricultural technology is extensively used in food production to enhance efficiency, productivity, and sustainability in farming practices to meet the growing global demand for food. For instance, according to reports published by the U.S. Bureau of Labor Statistics, a U.S. government agency, average household spending on food increased by 12.7% in 2021 and 2022. This hike was fueled by a 20.1% increase in spending on meals away from home and an 8.4% increase in spending on food at home. Furthermore, according to the Organic Trade Association, a US-based business association, organic food sales in the United States reached unprecedented levels in 2021, experiencing a remarkable surge of 12.4%, totaling $61.9 billion. Therefore, the growing food demand is driving the growth of the agritech market.
Major companies operating in the agritech market focus on developing innovative technologies such as Starskii and cart climate-adapted release technology to enhance biocontrol in agriculture, explicitly targeting thrips and whitefly infestations across various crops and environments. This technology (CART) refers to methods or strategies used in agriculture and environmental management to introduce or release organisms (such as plants, animals, or microorganisms) specifically adapted to thrive in changing climate conditions. For instance, in March 2021, Bioline Agroscience, a UK-based agritech company that provides biological control products, launched starskii and cart climate-adapted release technology to strengthen its commitment to growers, farmers, and the environment. It utilizes amblyseius swirskii to manage thrips and whiteflies in various crops and environments effectively. This technology combines the adaptability of Amblyseius swirskii with a new release system under cart technology, ensuring optimal control of pests. Additionally, it features optimized control, adaptability, high fidelity, and an environmentally friendly approach. These features collectively make a valuable solution for growers seeking effective and sustainable pest control in agriculture.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=14240&type=smp
Major Key Players of the Market:
Cargill Incorporated, Archer Daniels Midland Company (ADM), BASF SE, Wilmar International Limited, Bunge Limited, Dow AgroSciences LLC, Bayer Crop Science AG, Deere & Company, Nutrien Ltd., Syngenta Group AG, Olam International Limited, 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., Tractor Supply Company, Ball Corporation, Tetra Pak Group, AGCO Corporation, Darling Ingredients Inc., Calavo Growers Inc.
Agritech Market 2024 Key Insights:
• The Agritech Market is expected to grow to $48.01 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%.
• Agritech Revolutionizes Food Production Amidst Growing Demand
• Agritech Giants Embrace Climate-Adapted Release Technology For Sustainable Agriculture
• North America was the largest region in the agritech market in 2023. 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, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/customise?id=14240&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Agritech Market Analysis, Market Size, Leading Players, Share And Forecast To 2033 here
News-ID: 3684987 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Agritech
A Complete Study Guide to Agritech
Agritech, or agriculture technology, refers to the application of technical breakthroughs in agriculture to improve productivity, efficiency, and profitability. This involves leveraging technology to accelerate planting, developing crops that thrive in a variety of settings, and harvesting. It can also refer to the utilization of robotics, big data, artificial intelligence, or any other means essential to address the issues that the agricultural business confronts. These technologies enable farmers to collect…
Australia's Agritech Pioneers Premiere at Agritechnica 2025
Image: https://www.globalnewslines.com/uploads/2025/11/1762438200.jpg
For the first time in Agritechnica's history, Australia will feature its own Pavilion, fronting world-class agritech and research on a global stage. From 9-15 November, Team Australia unites leading innovators and peak bodies to connect with more than 430,000 visitors at the world's largest agricultural machinery expo.
For the first time in Agritechnica's history, Australia will feature its own Pavilion, fronting world-class agritech and research on a global stage. From…
Agritech Revolutionizes Food Production Amidst Growing Demand: A Key Driver Powe …
The Agritech Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Agritech Market Size and Its Estimated Growth Rate?
The agritech industry has seen significant expansion in the past few years. The market is projected to increase from a value of $30.63 billion…
Agritech Market in 2024 Detailed Study Analysis
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Agritech Market - (By Type (Biotechnology and Biochemicals, Big Data and Analytics, Sensors and Connected Devices, Mobility, and Other Types) and Application (Irrigation, Production and Maintenance, Supply Chain, Marketplace and Others), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research by InsightAce Analytic, the Global Agritech Market is valued at US$…
Agritech Market to See Strong Investment Opportunity
According to the new research report published by The Insight Partners, titled "Agritech Market Forecast to 2027 - COVID-19 Impact and Global Analysis - by Type (Biotechnology and Biochemicals, Big Data and Analytics, Sensors and Connected Devices, Mobility, and Other Types) and Application (Irrigation, Production and Maintenance, Supply Chain, and Marketplace), the market was valued at US$ 17,442.7 million in 2019 and is projected to reach US$ 41,172.5 million by…
India Agritech Market Growth Is Propelled By Higher Adoption Agritech Solutions: …
In the economic growth, the agriculture plays a crucial role of some of the greatest nations in the India. With continuously increasing populace and increasing requirement of agricultural output to meet the rising requirement, the investments in the agriculture technology solutions have been increasing at an impressive pace around the world.
According to the report analysis, 'India Agritech Market Outlook to FY'2025-By Nature of Services (Input Market Linkage & Farming as…
