Global Agritech Market to Reach $48.98 Billion by 2030, Report Forecasts

May 22, 2025

The growing global agritech market, valued at $24.42 billion in 2024, is expected to reach $48.98 billion by 2030, according to a recent report issued by Research and Markets, which projected a 12.30% continued annual growth rate (CAGR).

A recent report, "Agritech Market - Global Outlook & Forecast 2025-2030," issued by a global market research firm is projecting the agritech market to reach $48.98 billion by 2030, according to ResearchandMarkets.com. The report notes a 12.30% continued annual growth rate (CAGR) and reports that the market was valued at $24.42 billion in 2024.

Key findings from report, which finds that the agritech market is poised for continued expansion — with sustainability and digital transformation at the forefront of competitive strategies — follow:

The global agritech market is experiencing robust growth, driven by the increasing demand for sustainable agricultural practices, technological advancements, and supportive government policies. Key technologies, including precision agriculture, AI-based analytics, IoT-enabled devices, robotics, and smart farming solutions, are transforming the sector. Major players have secured significant market shares by focusing on innovation and expanding their global presence. The key players in the global agritech market include AGCO Corporation, CNH Industrial, Corteva Agriscience, John Deere, Kubota Corporation, Syngenta, and Trimble Inc.
According to the ResearchandMarkets data analysts: John Deere (Deere & Company) leads the market with a share of approximately 15%-18%, offering advanced solutions such as autonomous tractors and the John Deere Operations Center. Trimble Inc. follows John Deere, known for its GPS technologies and field analytics. Bayer CropScience holds 8%-10% of the market through its Climate FieldView platform, which integrates data analytics with on-field applications. AGCO Corporation contributes 7%-9% via its Fendt, Massey Ferguson, and Valtra brands, integrating IoT and telemetry into its machinery. CNH Industrial, with its New Holland and Case IH brands, accounts for a significant agritech market share, providing telematics and data-driven solutions. Other players, such as Corteva Agriscience, Kubota Corporation, Indigo Ag, and Yara International, focus on digital agronomy, seed technology, and sustainable solutions.

In identifying market trends and drivers in agritech, ResearchandMarkets.com addressed vertical farming, controlled environment agriculture (CEA) and reported on the increase of investments into agri-biotechnology and sustainable practices. Its report findings include the following updates:

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