Agtech Market to Hit USD 41 Bn by 2030 at a growth rate of 11.2 percent – Says Stellar Market Research

Agtech Market to Hit USD 41 Bn by 2030 at a growth rate of 11.2 percent - Says Stellar Market Research
Agtech Market
The Agtech Market size of the Asia Pacific region is expected to dominate the market during the forecast period. Agtech Market analysis was conducted by dividing it into Applications. The bottom-up approach was used to estimate the Agtech Market size.

Pune, 10, May 2024: Stellar Market Research, an IT and Telecommunication research firm has published a report on the “Agtech Market”. The total market opportunity for Agtech Market was USD 19.5 Bn in 2023 and is expected to grow at 11.2 percent CAGR through the forecast period by reaching nearly USD 41 Bn.

Agtech Market Report Scope and Research Methodology

Market Size in 2023        USD 19.5 Bn.

Market Size in 2030        USD 41 Bn.

CAGR    11.2% (2024-2030)

Forecast Period 2024-2030

Base Year            2023

Number of Pages             274

No. of Tables     115

No. of Charts and Figures             111

Segment Covered            Application

Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage             Market Share, Size & Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, Stellar Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

The Agtech Market report offers a comprehensive analysis of top players’ strategies within the industry, covering market segments and regions extensively. It delves into market dynamics, including drivers, restraints, opportunities, and challenges, region-wise and segment-wise. Importantly, the report provides vital figures on import/export consumption, supply and demand, pricing, costs, revenue, and gross margins, serving as a valuable investor’s guide. Data collection employed both primary and secondary research methods for authenticity. Primary research involved questionnaire distribution, surveys, and phone interviews with industry experts, leaders, marketers, and entrepreneurs. The report adopts a bottom-up approach to estimate global and regional market sizes, while the SWOT analysis highlights key players’ strengths and weaknesses.

Get a free sample copy to fully comprehend the format of the report, which includes the table of contents and summary:

Agtech Market Overview

AgTech integrates technological innovations into agriculture, enhancing efficiency. The report examines market trends, drivers, challenges, and opportunities, emphasizing technology’s significance. With the global population set to reach 10 billion by 2050, demand for food intensifies, driving the adoption of Agtech solutions like IoT, AI, and drones. These technologies increase productivity and sustainability in agriculture.

Agtech Market Dynamics

Technological advancements, including IoT, AI, drones, and robotics, are transforming agriculture, enabling precision farming and data-driven decision-making. The growing global population and consumer demand for sustainable food drive the need for Agtech solutions, enhancing productivity and sustainability. Regulatory frameworks shape the market, promoting innovation and food safety standards. Investment opportunities in Agtech startups drive market growth and innovation. Climate change challenges, like extreme weather and soil degradation, fuel the adoption of Agtech solutions for sustainability and resilience in agriculture.

Agtech Market Regional Insights

North America leads in Agtech innovation, leveraging advanced technologies like IoT, AI, drones, and robotics for precision farming and data-driven decisions, enhancing efficiency. With a large population and high consumer demand for traceable, sustainable food, the region fosters Agtech adoption, enhancing transparency in the food supply chain. Supportive government policies and incentives drive innovation and sustainability, ensuring compliance with food safety and environmental standards. The vibrant investment landscape in North America drives Agtech growth, providing ample funding and venture capital opportunities for startups, driving research and development, and facilitating market entry for new players.

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Agtech Market Segmentation

By Application

  • Precision Agriculture
  • Smart Farming
  • Agribusiness Software
  • Indoor Farming and Vertical Agriculture
  • Biotechnology and Genetic Engineering

Based on Application, Precision agriculture dominates XX% of the Agtech market, optimizing resource allocation and enhancing decision-making through data-driven insights. Technologies like GPS-guided tractors and drone imagery analysis improve accuracy and efficiency. Globally, agritech funding varies, with China and North America leading. Precision agriculture attracts significant investment, highlighting its importance in optimizing agricultural practices and increasing yields.

Agtech’s Key Competitors include:

  • 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)
  • XXX

Key questions answered in the Agtech Market report are:

  • What is Glassware?
  • Which market segment held the largest share of the global Agtech market in 2023?
  • What are the global trends in the Agtech Market?
  • What are the upcoming industry applications and trends for the Agtech Market?
  • What are the investment opportunities in the Agtech sector?
  • What growth strategies are the players considering to increase their presence in Agtech Market?
  • Who are the leading companies and what are their portfolios in Agtech Market?
  • What are the major challenges that the Agtech Market could face in the future?
  • Which region held the largest Agtech Market Share in 2022?
  • How is the regulatory environment shaping the Agtech market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • Market Size, Share, Size & Forecast by Different segment | 2023−2030
  • Agtech Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Agtech Market Segmentation – A detailed analysis by Application
  • Competitive Landscape – Profiles of selected key players by region in 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

Stellar Market Research is leading IT and Telecommunication research firm, has also published the following reports:

Digital Agriculture Market the Market is expected to reach USD 36.71 Billion by 2030 and the total Digital Agriculture revenue is expected to grow at a CAGR of 10.24% from 2024 to 2030. The market is expected to be driven by Government policies and programs for the endorsement.

Smart Agriculture Market – The Market size is expected to reach USD 30.75 Million in 2030at a CAGR of 9.3% from 2024 to 2030. The Smart Agriculture Market is driven by the increasing Government support for the use of modern techniques.

About Stellar Market Research:

Stellar Market Research is India India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals.

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