The Agtech Market size was valued at USD 19.5 Bn. in 2023 and the total Global Agtech revenue is expected to grow at a CAGR of 11.2 % from 2024 to 2030, reaching nearly USD 41 Bn. by 2030.
Agtech Market Overview
The Agtech (Agricultural Technology) market is rapidly evolving as innovations in technology are transforming traditional farming practices. Key solutions include precision farming, drone applications, smart irrigation, and the use of big data analytics for optimizing crop yields and minimizing resource wastage. The rising demand for sustainable agriculture, food security concerns, and increasing adoption of IoT in farming are driving the growth of the Agtech market. Investments in Agtech startups are booming, indicating strong market potential in enhancing productivity while addressing climate change challenges.
Market Forecast and Key Dynamics:
The Agtech market is expected to grow significantly over the forecast period, propelled by technological advancements such as automation, robotics, and artificial intelligence in farming. Government initiatives supporting smart agriculture and the increasing focus on reducing the environmental impact of farming are crucial factors driving market expansion. However, challenges include the high costs of implementing advanced technologies and limited access in developing regions. Partnerships between technology providers and agricultural stakeholders will play a pivotal role in overcoming these hurdles.
Grab your free sample copy of this report today! https://www.stellarmr.com/report/req_sample/Agtech-Market/1804
Agtech Market Regional Insights
The North American market leads in Agtech adoption, driven by technological innovation and a strong agricultural base, especially in the United States and Canada. In Europe, countries like Germany and the Netherlands are focusing on sustainable farming practices, promoting significant growth in the Agtech sector. The Asia-Pacific region, particularly China and India, is also experiencing a surge in Agtech investments as the need to boost food production intensifies. Meanwhile, emerging markets in Latin America and Africa are beginning to adopt Agtech solutions to improve agricultural efficiency and address food security challenges.
Agtech Market Segmentation
By Application, Precision agriculture dominates a substantial and growing portion of the Agtech market, holding 40% of the global market share in 2023. Its impact is profound, optimizing resource allocation such as water and fertilizer to bolster productivity and curtail waste. Through data-driven insights into crop health, soil conditions, and field variability, precision agriculture enhances decision-making processes. It enables the precise application of inputs, minimizing environmental footprint while maximizing efficiency. Examples of precision agriculture technologies include GPS-guided tractors, which ensure precise navigation and operation in the field, enhancing accuracy and reducing overlap.
Download your complimentary sample copy of this report! https://www.stellarmr.com/report/req_sample/Agtech-Market/1804
Agtech Market Key Players
Cargill (US)
ADM (US)
Bayer (Germany)
AgroStar (India)
Topcon Agriculture (US)
DeLaval (UK)
Trimble (US)
Apollo Agriculture (Kenya)
Benson Hill (US)
Bowery Farming (US)
Ceres Imaging (US)
Conservis (US)
CropX (US)
Gro Intelligence (US)
Impossible Foods (US)
Indigo AG (US)
LettUs Grow (UK)
Ninjacart (India)
Pivot Bio (US)
Plenty Inc (US)
AGCO Corporation (US)
InnovaSea (US)
Semiosbio (Canada)
Afimilk (Israel)
Aker (US)
XX
Key questions answered in the Agtech Market are:
- What is Agtech?
- What was the Agtech market size in 2021?
- What is the growth rate of the Agtech Market?
- Which are the factors expected to drive the Agtech market growth?
- What are the different segments of the Agtech Market?
- What growth strategies are the players considering to increase their presence in Agtech?
- What are the upcoming industry applications and trends for the Agtech Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Agtech Market?
- What segments are covered in the Agtech Market?
- Who are the leading companies and what are their portfolios in Agtech Market?
- What segments are covered in the Agtech Market?
- Who are the key players in the Agtech market?
To explore this subject matter further, please click on the link provided: https://www.stellarmr.com/report/Agtech-Market/1804
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by Different Segment | 2022-2027
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Our Trending Report :
Europe Shipping Container Market https://www.stellarmr.com/report/Europe-Shipping-Container-Market/1270
Asia Pacific Nepheline Syenite Market https://www.stellarmr.com/report/APAC-Nepheline-Syenite-Market/1275
Asia Pacific Sterilization Pouches Market https://www.stellarmr.com/report/Asia-Pacific-Sterilization-Pouches-Market/1310
Europe Inspection, Repair and Maintenance Market https://www.stellarmr.com/report/Europe-Inspection-Repair-and-Maintenance-Market/1324
Europe Vegan Butter Market https://www.stellarmr.com/report/Europe-Vegan-Butter-Market/1333
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Stellar Market Research:
S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
