AgTech Market Research Report By Technology (Precision Agriculture, Biotechnology, Automation and Robotics, Farm Management Software), By Application (Crop Management, Soil Management, Livestock Management, Greenhouse Management), By End Use (Farms, Agricultural Cooperatives, Research Institutions), By Farm Size (Small Scale, Medium Scale, Large Scale) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035

AgTech Market Summary

As per MRFR Analysis, the AgTech Market was valued at 16.96 USD Billion in 2023 and is projected to grow to 45.6 USD Billion by 2035, with a CAGR of 8.59% from 2025 to 2035. The market is driven by the increasing adoption of precision agriculture, government initiatives supporting technological advancements, and rising consumer demand for sustainable practices. Key players are focusing on innovation and collaboration to address challenges in food production and supply chain efficiency.

Key Market Trends & Highlights

The AgTech Market is evolving with significant trends that reflect the changing agricultural landscape.

• Precision Agriculture is expected to grow from 6.0 USD Billion in 2024 to 15.0 USD Billion by 2035.
• Biotechnology is projected to expand from 4.0 USD Billion in 2024 to 10.0 USD Billion by 2035.
• Automation and Robotics are anticipated to increase from 5.0 USD Billion in 2024 to 12.0 USD Billion by 2035.
• Farm Management Software is expected to grow from 3.42 USD Billion in 2024 to 8.6 USD Billion by 2035.

Market Size & Forecast

2023 Market Size: USD 16.96 Billion

2024 Market Size: USD 18.42 Billion

2035 Market Size: USD 45.6 Billion

CAGR (2025-2035): 8.59%

Largest Regional Market Share in 2024: North America.

Major Players

Key Companies include Sakata Seed Corporation, Ceres Ag Corp, Bayer, AGRIInject, Valagro, Syngenta, Monsanto, Nutrien, Helena AgriEnterprises, BASF, Land O'Lakes, AG Leader Technology, Deere & Company, Corteva, Trimble.

Key AgTech Market Trends Highlighted

The  AgTech Market is witnessing several important trends that reflect its evolution and the changing needs of the agricultural landscape. One key market driver is the increasing adoption of technology in farming practices, particularly driven by the need for enhanced productivity and sustainability. Farmers ly are looking for innovative solutions to counteract challenges such as climate change and resource scarcity. This shift towards precision agriculture, which utilizes data and technology to optimize yields, is transforming traditional farming methods and promoting responsible resource use. There are vast opportunities to be explored in the realms of sustainable practices and digital solutions.

Governments and organizations worldwide are increasingly supporting initiatives aimed at promoting eco-friendly farming techniques, which not only cater to environmental concerns but also appeal to consumers seeking ethically produced food. The rise in investment in agricultural technology startups indicates a growing recognition of the importance of innovation in food production and supply chain efficiency. In recent times, there has been a notable trend of collaboration between tech companies and agricultural producers. Joint ventures are emerging to address specific farming challenges, facilitating the transfer of knowledge and technology.

Additionally, there is increased focus on urban farming and vertical agriculture solutions, which provide the potential for local food production in urban areas, reducing the need for transportation and lowering the carbon footprint. As these trends continue to shape the  AgTech Market, they highlight the need for adaptability and forward-thinking strategies in agricultural practices worldwide.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

AgTech Market Drivers

Increasing Adoption of Precision Agriculture

The  AgTech market is expanding rapidly as precision agricultural technology becomes more widely adopted. Precision agriculture enables farmers to maximize their production while optimizing resource consumption, resulting in enhanced productivity. According to the Food and Agriculture Organization, the use of precision farming tools such as satellite imagery, drones, and soil sensors might reduce agricultural input costs by up to 15%.

Organizations such as John Deere and Trimble have made significant investments in R&D to enhance precision agriculture technologies, which are becoming increasingly important for producers ly. This trend towards precision agriculture is a critical driver of development in the  AgTech Market, as it modifies traditional agricultural techniques while meeting rising  food consumption, which is expected to reach 9.7 billion people by 2050.

Government Initiatives and Support

Various governments around the world are implementing policies and initiatives aimed at encouraging technological advancement in agriculture, which is benefiting the  AgTech Market Industry. For instance, recent initiatives in countries such as India, the United States, and European nations have allocated substantial funding towards agricultural technology innovations. The European Commission has set ambitious targets through its Farm to Fork Strategy, aiming to reduce the agricultural sector's greenhouse gas emissions by at least 55% by 2030.

This has spurred innovations in sustainable agriculture technologies, including biodegradable materials and organic farming practices. Establishments such as the Agri-Tech East, a business-focused group in the UK, advocate for collaboration in Research and Development to push forward agricultural innovations, thereby fostering growth in the  AgTech Market.

Rising Demand for Sustainable Practices

A significant driver for the  AgTech Market Industry is the increasing consumer demand for sustainable agricultural practices. As public awareness of environmental issues grows, consumers are actively seeking sustainably produced food. Research indicates that over 60% of consumers prefer to buy food that is certified sustainable, according to reports from the United Nations Environment Programme. Established organizations in the agribusiness sector, such as Bayer and Corteva Agriscience, are adapting their business models to prioritize sustainability by focusing on eco-friendly products and reducing chemical inputs.

The shift towards sustainable practices is becoming a key factor for farmers seeking to maintain market competitiveness, thus propelling growth in the  AgTech Market.

AgTech Market Segment Insights

AgTech Market Technology Insights  

The  AgTech Market, focused on the Technology segment, is gaining substantial momentum, reflecting the industry's increasing reliance on advanced technological solutions to enhance agricultural productivity and sustainability. By 2024, the valuation of the segment is expected to reach 18.42 USD Billion and is projected to expand significantly by 2035, illustrating a robust growth trajectory. Notably, the Precision Agriculture field stands out with a valuation of 6.0 USD Billion in 2024 and is anticipated to grow to 15.0 USD Billion by 2035, demonstrating its substantial role as a major driver in the market.

The utilization of data analytics and integrated technologies in Precision Agriculture helps farmers optimize their inputs and maximize yields, ensuring efficient resource management. Biotechnology, valued at 4.0 USD Billion in 2024, is projected to expand to 10.0 USD Billion in 2035, showcasing its significance in developing genetically modified crops and innovative solutions to combat pests and diseases, thereby ensuring food security and sustainability. Automation and Robotics, valued at 5.0 USD Billion in 2024 and expected to reach 12.0 USD Billion in 2035, play a crucial role in enhancing efficiency and reducing labor costs, allowing farmers to automate tasks such as planting, harvesting, and monitoring fields.

This segment’s importance is underscored by its ability to improve productivity through labor-efficient mechanisms. Additionally, Farm Management Software, starting at a valuation of 3.42 USD Billion in 2024 and projected to grow to 8.6 USD Billion by 2035, is increasingly adopted for its capabilities in data management, crop planning, and financial management, enabling farmers to make informed decisions based on real-time data analytics. Collectively, these technology advancements in the  AgTech Market not only enhance agricultural productivity but also address challenges related to climate change and resource scarcity.

The market evidence such as  AgTech Market revenue and  AgTech Market segmentation reflects the growing integration of technology in agriculture, demonstrating a clear trend towards adopting innovative solutions to foster sustainable agricultural practices. However, the sector faces challenges such as high initial investment costs and the need for farmers to adopt new technologies; yet, the ongoing advancements present significant opportunities for growth and transformation in the agricultural landscape, positioning the  AgTech Market industry as a pivotal element in the future of  food production.

The steady increase in demand for precision farming techniques and automation solutions highlights the necessity for modern agriculture to evolve, reinforcing the critical role that technology will continue to play in shaping a resilient and efficient agricultural ecosystem.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

AgTech Market Application Insights  

The Application segment of the  AgTech Market comprises vital areas that significantly influence agricultural practices. In 2024, the overall market is valued at 18.42 USD Billion, signifying robust growth potential. Key areas under this segment include Crop Management, which plays a crucial role in enhancing yield through precision farming techniques, contributing to sustainable agricultural practices. Soil Management is another essential aspect, focusing on soil health and fertility, which is increasingly important to increasing agricultural productivity ly.

Livestock Management has gained prominence due to the rising demand for animal products, promoting efficient cattle breeding and health monitoring solutions. Greenhouse Management is significant for enabling year-round crop production and improving resource use efficiency. The segment is driven by technological innovations, increasing demand for food security, and the necessity of sustainability efforts. According to  AgTech Market data, the emphasis on advanced solutions in Crop and Livestock Management is prominent, considering the  challenge of feeding a growing population.

The market statistics reflect an increasing investment in these segments, indicative of the necessity for sustainable farming techniques to adapt to environmental concerns and rising food demand ly.

AgTech Market End Use Insights  

The  AgTech Market revenue is significantly influenced by the End Use segment, capturing the needs of different stakeholders in the agricultural ecosystem. By 2024, the overall market is expected to be valued at 18.42 USD Billion, showcasing robust growth. Within this segment, Farms hold a major position due to their critical role in food production and the increasing adoption of technology for enhanced productivity and sustainability. Agricultural Cooperatives also play a significant role, acting as a bridge between individual farmers and technological advancements, allowing for collective resource sharing and improved operational efficiencies.

Research Institutions contribute to innovation in the  AgTech Market industry, pushing the boundaries in areas like biotechnology and precision agriculture, which are vital for addressing  food security challenges. Given the ongoing pressures of climate change and population growth, the market growth in the End Use segment is driven by the integral need for sustainable agricultural practices, efficient resource management, and technological advancements. The  AgTech Market statistics reveal increasing investments in digital farming technologies, indicating expanding opportunities for growth and innovation in this segment.

AgTech Market Farm Size Insights  

The  AgTech Market has shown remarkable growth, with a projected market value of 18.42 billion USD in 2024. The Farm Size segment plays a crucial role in shaping this market, as it encompasses a range of operational scales, including Small Scale, Medium Scale, and Large Scale farming. Small Scale farming remains significant, as it comprises a considerable portion of  agricultural production, especially in developing regions where smallholder farmers contribute immensely to food security. Medium Scale farms are increasingly adopting AgTech solutions to enhance productivity, offering a blend of efficiency and sustainability.

Meanwhile, Large Scale farms dominate in terms of technology adoption, leveraging advanced analytics and automation for optimized crop yields. The diversification within the Farm Size category presents exciting opportunities for the  AgTech Market industry, driven by factors such as increasing demand for sustainable agriculture, technological advancements, and changing consumer preferences. Each farm size classification comes with its own unique challenges and growth drivers, yet collectively they contribute to the overall  AgTech Market statistics, increasing its potential for future developments and market growth.

AgTech Market Regional Insights  

The  AgTech Market is experiencing substantial growth, projected to reach 18.42 USD Billion by 2024, driven by advancements in technology and increased demand for efficient agricultural practices. In the Regional analysis, North America leads with a valuation of 6.5 USD Billion in 2024, representing a significant portion of the market due to its strong investment in Research and Development and progressive farming technologies. Following closely, Europe is valued at 4.5 USD Billion, benefiting from robust agronomic practices and sustainability initiatives.

South America, with a valuation of 2.5 USD Billion, is gaining ground as it embraces technological innovations to enhance crop productivity, sustaining its agricultural exports. The Asia Pacific region, valued at 3.5 USD Billion, shows potential for rapid growth, driven by rising agricultural demands to support its population. Meanwhile, the Middle East and Africa, valued at 1.4 USD Billion, face unique challenges but also opportunities as they seek to modernize their agricultural practices to address food security. Overall, the market growth across these regions signifies a transformation in agricultural methods, catalyzing further investments and innovations in the  AgTech Market industry.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

AgTech Market Key Players and Competitive Insights:

The  AgTech Market has witnessed significant advancements and innovations that are reshaping the agricultural landscape. With the increasing demand for food and the pressures of climate change, various companies in the AgTech sector are leveraging technology to enhance productivity, sustainability, and efficiency in farming practices. Competition is intense, with a mix of established players and emerging startups focusing on diverse areas such as precision agriculture, biotechnology, and digital farming solutions. This environment has spurred collaborations and partnerships, driving forward innovative solutions that aim to address the challenges faced by farmers ly. As a result, stakeholders are continuously adapting their strategies to remain competitive while meeting the evolving needs of consumers and the agricultural community.

Sakata Seed Corporation stands out within the  AgTech Market due to its strong focus on research and development in seed production and improvement. The company has built a formidable reputation for offering high-quality vegetable and flower seeds, coupled with a commitment to providing growers with advanced agricultural solutions. Sakata Seed Corporation’s strengths lie in its ability to deliver high-yield and disease-resistant seed varieties that cater to diverse agricultural needs. With a robust  presence, the company competes effectively across various regions, benefiting from its expertise in plant breeding. This strong foundation allows Sakata to thrive in a rapidly evolving market while being responsive to market dynamics and customer requirements.

Ceres  Ag Corp has carved a niche for itself in the  AgTech Market with a wide array of agricultural products and services designed to enhance the efficiency of supply chain management in grain handling, logistics, and trading. The company is well-known for its strategic positioning within the agricultural supply chain, allowing it to capitalize on key market opportunities. Ceres  Ag Corp focuses on operational excellence and innovation, offering an integrated platform that ranges from grain marketing to storage solutions. Its key services include risk management and transportation, enabling farmers and stakeholders to optimize their operations. The company has engaged in targeted mergers and acquisitions aimed at expanding its market presence and enhancing service capabilities. Ceres  Ag Corp’s strengths are further highlighted by its adaptability and responsiveness to the needs of the agricultural sector, positioning it as a competitive player in the  AgTech arena.

Key Companies in the AgTech Market Include

• Sakata Seed Corporation


• Ceres Ag Corp


• Bayer


• AGRIInject


• Valagro


• Syngenta


• Monsanto


• Nutrien


• Helena AgriEnterprises


• BASF


• Land O'Lakes


• AG Leader Technology


• Deere & Company


• Corteva


• Trimble

AgTech Market Industry Developments

The  AgTech Market has seen significant developments recently. In September 2023, Bayer announced its partnership with a tech startup to enhance precision farming through advanced data analytics, which underscores the industry's ongoing push for technological integration. Meanwhile, Nutrien reported a strategic shift towards sustainable agricultural practices, emphasizing their commitment to eco-friendly solutions. In October 2023, Ceres  Ag Corp completed the acquisition of a grain handling facility, expanding its operational footprint in North America and enhancing logistical efficiencies.

The valuation of companies like Corteva and BASF continues to rise as they invest heavily in Research and Development to create innovative agricultural solutions, which has driven market growth significantly over the past two years. Notably, Land O'Lakes partnered with AG Leader Technology in August 2022 to develop digital farming tools aimed at livestock management, showcasing the increasing intersection of technology and traditional agriculture. The overall growth and investment in the AgTech sector reflect a robust market demand for solutions that integrate technology with sustainable agricultural practices, which is altering the landscape of food production and supply chains ly.

Agtech Market Segmentation Insights

AgTech Market Technology Outlook

• Precision Agriculture


• Biotechnology


• Automation and Robotics


• Farm Management Software

AgTech Market Application Outlook

• Crop Management


• Soil Management


• Livestock Management


• Greenhouse Management

AgTech Market End Use Outlook

• Farms


• Agricultural Cooperatives


• Research Institutions

AgTech Market Farm Size Outlook

• Small Scale


• Medium Scale


• Large Scale

AgTech Market Regional Outlook

• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa

Report Attribute/Metric	Details
Market Size 2023	16.96(USD Billion)
Market Size 2024	18.42(USD Billion)
Market Size 2035	45.6(USD Billion)
Compound Annual Growth Rate (CAGR)	8.59% (2025 - 2035)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2024
Market Forecast Units	USD Billion
Key Companies Profiled	Sakata Seed Corporation, Ceres  Ag Corp, Bayer, AGRIInject, Valagro, Syngenta, Monsanto, Nutrien, Helena AgriEnterprises, BASF, Land O'Lakes, AG Leader Technology, Deere & Company, Corteva, Trimble
Segments Covered	Technology, Application, End Use, Farm Size, Regional
Key Market Opportunities	Precision agriculture technologies, Sustainable farming solutions, Agricultural biotechnology advancements, Farm management software integration, Data analytics for crop management
Key Market Dynamics	sustainability and environmental impact, precision agriculture adoption, climate change resilience, supply chain optimization, technological advancements in farming
Countries Covered	North America, Europe, APAC, South America, MEA