Press release
Agritech Market Set to Reach $58.79 Billion by 2030
Agritech Market
Projected Market Size and Growth Outlook for Agritech
The agritech market is forecasted to experience rapid growth, reaching a valuation of $58.79 billion by 2030. This expansion corresponds to a compound annual growth rate (CAGR) of 11.1% over the forecast period. The surge is driven by increasing adoption of sustainable agricultural methods, widespread use of AI-powered analytics, growing integration of IoT-enabled devices, rising investments in smart farming technologies, and the expanding deployment of autonomous machinery in agriculture. Key trends expected to impact market dynamics include the rise of farm-to-market digital platforms, broader implementation of smart irrigation and water conservation techniques, increased use of biopesticides and biofertilizers, development of integrated marketplace solutions for farm input procurement, and a heightened focus on supply chain transparency and efficiency.
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Major Companies Influencing the Agritech Market
Leading corporations shaping the agritech landscape include BASF SE, Dow AgroSciences LLC, Bayer Crop Science AG, Deere & Company, Nutrien Ltd., Syngenta Group AG, 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., AGCO Corporation, Olam International Limited, Trimble Inc., Raven Industries, AG Leader Technology, The Climate Corporation, Topcon Agriculture, Parrot SA, Sentera Inc., Taranis, and Farmers Edge Inc.
Recent Strategic Moves Impacting Agritech Growth
In October 2025, PepsiCo, a major US-based food and beverage company, acquired Dowling AgriTech (DAT), an Australian seed potato firm, for an undisclosed sum. This acquisition aims to enhance PepsiCo's seed supply security, foster innovation, and strengthen grower partnerships throughout the Asia-Pacific region. The move supports the company's long-term sustainable agronomy initiatives by integrating DAT's agritech solutions into its operations.
View the full agritech market report:
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Technological Advancements Steering the Future of Agritech
Top players in the agritech market are heavily investing in next-generation crop protection technologies to boost productivity while minimizing environmental harm. These advanced fungicides utilize innovative active ingredients, biological agents, or precision delivery systems to combat fungal diseases effectively and reduce resistance build-up. For example, in July 2025, Bayer AG launched Felujit in India, a dual-action fungicide combining Penflufen and Tebuconazole designed specifically to manage sheath blight in paddy fields. Felujit's long-lasting protection minimizes the number of sprays needed, cutting down labor and costs for farmers while promoting healthier and higher-yielding crops. This product exemplifies the move toward sustainable farming practices through improved disease management solutions.
Detailed Breakdown of Agritech Market Segmentation
The agritech market is categorized into several segments for better understanding:
1) By Type: Big Data and Analytics, Biotechnology and Biochemical, Mobility, Sensors and Connected Devices, and Other Types
2) By Application: Production and Maintenance, Irrigation, Supply Chain, Marketplace, and Other Applications
3) By Sector: Precision Farming, Agriculture, Agrochemicals, Smart Agriculture, Biotechnology, Indoor Farming, and Other Sectors
Further subcategories include:
- Big Data and Analytics: Predictive Analytics, Data Management Platforms, Farm Management Software
- Biotechnology and Biochemical: Genetically Modified Organisms (GMOs), Biopesticides, Biofertilizers
- Mobility: Agricultural Drones, Autonomous Tractors, Farm Management Apps
- Sensors and Connected Devices: Soil Sensors, Weather Stations, Livestock Monitoring Devices
- Other Types: Precision Agriculture Technologies, Supply Chain Solutions, Smart Irrigation Systems
This comprehensive segmentation reflects the wide range of technologies and applications driving the agritech market's evolution.
New strategic additions in our 2026 market reports include market attractiveness scoring and analysis, total addressable market (TAM) analysis, company scoring matrix graphics and tables, Excel-based forecasting dashboards, market hotspots infographics, key technologies and future trend analysis, along with updated graphics and tables.
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