Press release
Agritech Global Market Report 2025: Skyrocketing Market Size, Key Drivers, and Trends in Focus
Agritech Market
What Is The Projected Market Size Of The Global Agritech Global Market Report 2025 And Its Growth Rate?
• The agritech market size witnessed a rapid expansion from $30.63 billion in 2024 to an expected $34.58 billion in 2025, indicating a compound annual growth rate (CAGR) of 12.9%.
• This growth is primarily driven by the green revolution, advancements in agricultural machinery, introduction of genetically modified organisms (GMOs), and rising adoption of precision agriculture.
• The agritech market size is expected to see an even faster growth in the next few years, soaring to $53.25 billion in 2029 at a CAGR of 11.4%.
• The growth in the forecast period can be attributed to digital transformation in agriculture, climate-smart agriculture, biotechnology innovations, and the rise of agricultural robotics and automation.
What Is Driving The Growth In The Agritech Global Market Report 2025?
Growth in the agritech market is bolstered significantly by the increasing global demand for food. As population growth, urbanization, and shifting dietary preferences spur the necessity for nourishment, the food production industry is increasingly leveraging agricultural technology. This technology promises superior efficiency, productivity, and sustainability in farming practices designed to meet burgeoning food requirements. Reports published by the U.S. Bureau of Labor Statistics indicate a 12.7% increase in average household spending on food in 2021 and 2022, validating the crucial role of the burgeoning food demand in driving agritech market expansion.
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Who Are the Key Players Driving Agritech Global Market Report 2025 Growth?
• 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.
What Are The Key Trends In The Agritech Global Market Report 2025?
• 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
What Are The Segments Of The Global Agritech Global Market Report 2025?
The agritech market is segmented by:
• Type: Big Data And Analytics, Biotechnology And Biochemical, Mobility, Sensors And Connected Devices, Other Types
• Application: Production And Maintenance, Irrigation, Supply Chain, marketplace, Other Applications
• Sector: Precision Farming, Agriculture, Agrochemicals, Smart Agriculture, Biotechnology, Indoor Farming, Other Sectors
Which Region Leads The Agritech Global Market Report 2025?
North America dominated the agritech market in 2024. However, Asia-Pacific is anticipated to be the fastest-growing region in the forecast period. The agritech market report provides insights into regional dynamics covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Agritech Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Agritech Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Agritech Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Agritech Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Agritech Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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