Agritech Market Report 2026

The agritech market size has grown rapidly in recent years. It will grow from $34.58 billion in 2025 to $38.56 billion in 2026 at a compound annual growth rate (CAGR) of 11.5%. The growth in the historic period can be attributed to rise in agricultural mechanization, early adoption of precision farming tools, growth in global food demand, increasing use of basic farm management systems, expansion of agricultural supply chains.

The agritech market size is expected to see rapid growth in the next few years. It will grow to $58.79 billion in 2030 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to rising demand for sustainable farming solutions, growth in ai-driven analytics adoption, increasing penetration of iot-enabled devices, expansion of smart agriculture investments, rising use of autonomous farming equipment. Major trends in the forecast period include expansion of farm-to-market digital platforms, increasing adoption of smart irrigation and water optimization practices, rising use of biopesticides and biofertilizers in crop production, growing integration of marketplace solutions for input procurement, increasing focus on improving supply chain transparency and efficiency.

The increasing demand for food is poised to drive the growth of the agritech market in the foreseeable future. Food, essential for growth and health, is derived from plants or animals and serves vital physiological functions. This demand surge stems from population growth, urbanization trends, and evolving dietary preferences. Agricultural technology (agritech) plays a pivotal role in food production, aiming to enhance efficiency, productivity, and sustainability in farming practices to meet the escalating global food demand. For example, in January 2024, the United States Department of Agriculture, a US-based federal executive department, reported that in 2023, food expenditures accounted for an average of 12.9% of U.S. household spending, a slight increase from 12.8% in 2022. Consequently, the burgeoning food demand emerges as a primary catalyst propelling the growth trajectory of the agritech market.

Leading companies in the agritech market are focusing on developing advanced solutions such as next-generation fungicides to improve crop protection, boost agricultural productivity, and minimize environmental impact. Next-generation fungicides are innovative crop protection products that employ novel active ingredients, biological agents, or precision application technologies to effectively manage fungal diseases while reducing resistance risks and ecological harm. For example, in July 2025, Bayer AG, a Germany-based biotechnology company, introduced Felujit, designed specifically to control sheath blight in paddy cultivation in India. This fungicide delivers dual-action protection through Penflufen and Tebuconazole, targeting both root and foliar infections. Its long-lasting effect reduces the need for multiple sprays, saving farmers time, labor, and costs, while promoting healthier, higher-yielding crops. Felujit supports sustainable rice farming by enhancing grain quality, profitability, and simplifying disease management.

In October 2025, PepsiCo, a US-based global food and beverage company, acquired Dowling AgriTech (DAT) for an undisclosed sum. Through this acquisition, PepsiCo aims to enhance seed supply security, promote innovation, and strengthen partnerships with growers across the Asia-Pacific region, supporting its long-term sustainable agronomy strategy. Dowling AgriTech, an Australia-based seed potato company, provides advanced agritech solutions.

Major companies operating in the agritech market are 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, Farmers Edge Inc.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are influencing the agritech market by increasing the costs of imported sensors, drones, connectivity modules, and biochemical inputs essential for precision farming, automation, and biotechnology applications. These impacts are most significant in regions dependent on imported hardware, such as Asia-Pacific, Latin America, and parts of Africa, and particularly affect segments like mobility, sensors and connected devices, and big data solutions. However, tariffs also encourage domestic technology manufacturing, promote localized innovation, and stimulate regional supply chain development, offering potential long-term competitive benefits for local agritech ecosystems.

The agritech market research report is one of a series of new reports that provides agritech market statistics, including agritech industry global market size, regional shares, competitors with a agritech market share, detailed agritech market segments, market trends and opportunities, and any further data you may need to thrive in the agritech industry. This agritech market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Agritech, or agricultural technology, involves the application of modern technology, scientific advancements, and innovation within the agricultural sector to enhance productivity, efficiency, sustainability, and profitability. It encompasses a diverse range of technologies and applications, including precision agriculture, automation, data analytics, and biotechnology, all aimed at improving different aspects of the agricultural value chain, from cultivation and harvesting to distribution and marketing.

The primary types of agritech include big data and analytics, biotechnology and biochemicals, mobility, sensors and connected devices, and other related technologies. Big Data and Analytics involve the collection, organization, and analysis of large volumes of data to derive valuable insights and support informed decision-making. This technology finds applications across various areas, such as production and maintenance, irrigation, supply chain management, marketplace optimization, and others. It is utilized in sectors including precision farming, agriculture, agrochemicals, smart agriculture, biotechnology, indoor farming, and more.North America was the largest region in the agritech market in 2025. 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, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the agritech market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The agritech market consists of revenues earned by entities by providing services such as precision agriculture solutions, inventory management, financial tracking, crop rotation planning, livestock management, and supply chain optimization. The market value includes the value of related goods sold by the service provider or included within the service offering. The agritech market also includes sales of precision agriculture tools, farm management software tools, crop protection products, indoor farming systems, and soil health and fertility products. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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