Agtech Market Growth Global Revenue to Reach USD 41 Bn. by 2030 at a CAGR of 11.2%

The 𝐀𝐠𝐭𝐞𝐜𝐡 𝐌𝐚𝐫𝐤𝐞𝐭 size was valued at USD 19.5 billion in 2023 and is projected to experience significant growth, reaching nearly USD 41 billion by 2030. This expansion is supported by a robust CAGR of 11.2% during the forecast period of 2024-2030, driven by increasing adoption of advanced technologies to improve agricultural productivity and sustainability.

𝐀𝐠𝐭𝐞𝐜𝐡 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

AgTech, or agricultural technology, represents the innovative integration of cutting-edge technologies into traditional agricultural practices to boost efficiency and output. The Agtech market includes solutions like precision farming, IoT-based monitoring, AI, drones, robotics, and biotechnology to tackle challenges posed by a growing global population and climate change. With the global population projected to reach 10 billion by 2050, the demand for food production is intensifying, necessitating a transformative approach to agriculture. This market is not only addressing food security but also advancing sustainability through innovative practices such as precision irrigation, vertical farming, and climate-resilient crops.

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐒𝐞𝐞 𝐭𝐡𝐞 𝐓𝐫𝐞𝐧𝐝𝐬? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨𝐝𝐚𝐲:https://www.stellarmr.com/report/req_sample/Agtech-Market/1804

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐀𝐠𝐭𝐞𝐜𝐡 𝐌𝐚𝐫𝐤𝐞𝐭:

Technological Advancements: The integration of AI, IoT, robotics, and machine learning is revolutionizing agriculture by enabling predictive analytics, real-time monitoring, and automation.
Rising Food Demand: A surging global population drives the need for increased agricultural productivity, positioning agtech as a vital solution.
Sustainability Goals: Climate change challenges like extreme weather and water scarcity are spurring the adoption of sustainable technologies, including precision irrigation and soil health monitoring systems.
Investment in Innovation: Investments in biotechnology, vertical farming, and food traceability technologies are enhancing efficiency, reducing costs, and promoting sustainable practices.

𝐀𝐠𝐭𝐞𝐜𝐡 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Precision Agriculture Dominance: Technologies like GPS-guided machinery, drones, and sensors are streamlining resource allocation and improving crop yield while minimizing environmental impact.
Vertical Farming Growth: Urban areas are witnessing a surge in indoor farming and hydroponics, reducing transportation costs and promoting fresh produce availability.
Blockchain for Food Traceability: The use of blockchain in food supply chains is growing, addressing consumer concerns over food safety and ethical sourcing.
Smart Farming Expansion: AI and IoT-enabled solutions are expected to witness robust growth, particularly in North America and Asia-Pacific, where industrial farms are rapidly adopting innovative tools.
This convergence of technology and agriculture underscores the transformative potential of agtech in addressing global agricultural challenges while fostering sustainability and innovation.

𝐓𝐡𝐞 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬 𝐜𝐚𝐧 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:https://www.stellarmr.com/report/enquire_now/Agtech-Market/1804

𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐀𝐠𝐭𝐞𝐜𝐡 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐔𝐩𝐝𝐚𝐭𝐞𝐬

𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦

Vietnam's AgTech market is thriving due to increased adoption of smart farming technologies. The government's focus on improving agricultural productivity has driven the adoption of IoT-enabled devices and data-driven solutions. Companies such as Kubota Corporation have partnered with local enterprises to introduce advanced machinery, boosting efficiency across farms.

𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝'𝐬 𝐀𝐠𝐓𝐞𝐜𝐡 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

In Thailand, the AgTech sector is experiencing a surge in innovation, particularly in precision agriculture and vertical farming. The Thai government's initiatives, such as subsidies for drone technology, have encouraged farmers to embrace automation. John Deere recently expanded its distribution channels in Thailand to support the growing demand for precision farming tools.

𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧'𝐬 𝐀𝐠𝐫𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐚𝐥 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐌𝐚𝐫𝐤𝐞𝐭

Japan remains a frontrunner in AgTech innovation, focusing on robotics and AI-powered solutions. With aging farmers constituting a significant demographic, automated solutions such as robotic harvesters have gained traction. Collaborations between Yanmar Holdings and AI technology firms have resulted in groundbreaking advancements in smart farming practices.

𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚'𝐬 𝐀𝐠𝐓𝐞𝐜𝐡 𝐌𝐚𝐫𝐤𝐞𝐭

South Korea's AgTech industry is witnessing increased consolidation as major players like LG Chem invest in smart greenhouse solutions. Recent mergers between local AgTech startups and global corporations have strengthened the market. Government grants supporting research in climate-resilient crops have further bolstered the industry.

𝐔𝐩𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞'𝐬 𝐒𝐦𝐚𝐫𝐭 𝐅𝐚𝐫𝐦𝐢𝐧𝐠 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

Singapore's AgTech market is at the forefront of urban agriculture, with significant investments in vertical farming and hydroponics. Companies such as AeroFarms have collaborated with local institutions to develop sustainable food systems. Recent advancements in controlled-environment agriculture (CEA) have enhanced productivity and reduced resource consumption.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐒 𝐀𝐠𝐓𝐞𝐜𝐡 𝐌𝐚𝐫𝐤𝐞𝐭

The US leads the global AgTech industry, with substantial investments in AI, IoT, and data analytics for agriculture. Companies like Bayer CropScience have spearheaded innovations in crop management and pest control. The emergence of blockchain technology in food supply chain management has also transformed the sector.

𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞'𝐬 𝐀𝐠𝐓𝐞𝐜𝐡 𝐒𝐞𝐜𝐭𝐨𝐫

Europe's AgTech market is driven by the EU's Green Deal, focusing on sustainable farming practices. Countries like the Netherlands and Germany are investing heavily in precision agriculture and organic farming solutions. BASF SE has launched several eco-friendly initiatives to support sustainable farming in the region.

𝐑𝐞𝐜𝐞𝐧𝐭 𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬

𝑱𝒐𝒉𝒏 𝑫𝒆𝒆𝒓𝒆 acquired a robotics startup to expand its precision farming portfolio in Asia.

𝑩𝒂𝒚𝒆𝒓 𝑪𝒓𝒐𝒑𝑺𝒄𝒊𝒆𝒏𝒄𝒆 partnered with a blockchain-based AgTech company to enhance transparency in the global food supply chain.

𝑲𝒖𝒃𝒐𝒕𝒂 𝑪𝒐𝒓𝒑𝒐𝒓𝒂𝒕𝒊𝒐𝒏 invested in Vietnamese AgTech startups to introduce advanced machinery in Southeast Asia.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐮𝐥𝐥 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 @https://www.stellarmr.com/report/req_sample/Agtech-Market/1804

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐀𝐠𝐭𝐞𝐜𝐡 𝐌𝐚𝐫𝐤𝐞𝐭:

𝑩𝒚 𝑨𝒑𝒑𝒍𝒊𝒄𝒂𝒕𝒊𝒐𝒏

Precision Agriculture

Smart Farming

Agribusiness Software

Indoor Farming and Vertical Agriculture

Biotechnology and Genetic Engineering

𝐅𝐨𝐫 𝐦𝐨𝐫𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐯𝐢𝐬𝐢𝐭:https://www.stellarmr.com/report/Agtech-Market/1804

𝐖𝐡𝐨 𝐢𝐬 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬 𝐨𝐟 𝐀𝐠𝐭𝐞𝐜𝐡 𝐌𝐚𝐫𝐤𝐞𝐭 𝐰𝐨𝐫𝐥𝐝𝐰𝐢𝐝𝐞?

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

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

APAC Water Dispenser Market https://www.stellarmr.com/report/APAC-Water-Dispenser-Market/1279

APAC Wind Turbine Market https://www.stellarmr.com/report/APAC-Wind-Turbine-Market/1280

Asia Pacific Digital Power Utility Market https://www.stellarmr.com/report/APAC-Digital-Power-Utility-Market/1285

Asia Pacific Liquid Makeup Market https://www.stellarmr.com/report/Asia-Pacific-Liquid-Makeup-Market/1293

North America Luxury Hotel Market https://www.stellarmr.com/report/North-America-Luxury-Hotel-Market/1295

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:
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sales@stellarmr.com

𝐀𝐛𝐨𝐮𝐭 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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