Global Agritech Market to Hit $71.2 Billion by 2035 as Food and Climate Pressures Mount
Updated
Updated · Market.us · May 27
Global Agritech Market to Hit $71.2 Billion by 2035 as Food and Climate Pressures Mount
1 articles · Updated · Market.us · May 27
$71.2 billion is the projected size of the global agritech market by 2035, up from $21.4 billion in 2025, implying a 12.8% annual growth rate.
Food demand, climate risk, labor shortages and pressure to cut water and input waste are driving adoption of precision irrigation, robotics, digital monitoring and low-emission machinery.
In 2025, big data and analytics led by type with a 28.6% share, hardware led offerings at 45.7%, and broad-acre applications topped uses at 29.9%.
North America held the largest regional share at 39.2%, or about $8.3 billion, supported by strong precision-farming uptake and advanced farm infrastructure.
Government backing is reinforcing the trend, with the World Bank targeting $9 billion a year in agricultural commitments by 2030 and the USDA pursuing higher output with a lower environmental footprint.
With Agritech startups facing an investment crisis, how will the industry actually achieve its projected $71 billion growth?
As big corporations dominate Agritech, what is the future for the small farms that feed most of the world?
Can turning farm waste into new products solve the high-cost technology barrier for the world's small farmers?
Agritech Market Outlook 2030: Definitional Discrepancies, Regional Investment, and the Race for Sustainable Innovation
Overview
The global agritech market is set for strong growth, driven by a growing recognition of technology’s pivotal role in modern agriculture. Continuous innovation and the increasing adoption of advanced solutions across the agricultural value chain are fueling this expansion. Projections show the market, including irrigation technologies, is expected to surpass USD 12 billion by 2030. This growth is supported by the sector’s ongoing efforts to enhance efficiency and sustainability, as new technologies are rapidly integrated into farming practices worldwide. Overall, the agritech industry is transforming agriculture through innovation and advanced technology adoption.