Agritech market seen reaching $58.79 billion by 2030

The Business Research Company says the agritech market will grow from $38.56 billion in 2026 to $58.79 billion by 2030, driven by AI, IoT, autonomous machinery and demand for more sustainable farming. North America led in 2025, while Asia-Pacific is expected to grow the fastest. Why it matters: - Agritech is becoming a core part of how farms raise output, cut waste and improve sustainability as global food demand keeps rising. - The forecast points to strong demand for tools that can help agriculture scale with fewer resources. - The market outlook suggests more spending on digital farming, automation and data-driven operations. What happened: - The Business Research Company published an agritech market report dated 2026. - The report projects the agritech market will rise from $34.58 billion in 2025 to $38.56 billion in 2026. - The report forecasts the market will reach $58.79 billion by 2030. - The report puts the market’s CAGR at 11.5% from 2025 to 2026 and 11.1% through 2030. - The company made a free sample report available through this link . - The full report is available here . The details: - The report ties recent growth to agricultural mechanization, early adoption of precision farming tools, higher global food demand, basic farm management systems and broader agricultural supply chains. - The report says future growth will come from sustainable farming solutions, AI-driven analytics, IoT-enabled devices, smart agriculture investment and autonomous farming machinery. - Key trends cited in the report include farm-to-market digital platforms, smart irrigation, water optimization, biopesticides, biofertilizers, marketplace tools for agricultural inputs and more supply chain transparency. - Agritech covers precision agriculture, automation, data analytics and biotechnology across cultivation, harvesting, distribution and marketing. - The report says agritech aims to improve productivity, efficiency, sustainability and profitability across the agricultural value chain. - The report cites global food demand as a major driver, supported by population growth, urbanization and changing diets. - The U.S. Department of Agriculture reported in January 2024 that food expenses accounted for 12.9% of average U.S. household spending in 2023, up from 12.8% in 2022. - The report lists Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa in its regional coverage. - North America was the largest agritech market in 2025. - Asia-Pacific is expected to be the fastest-growing region during the forecast period. Between the lines: - The forecast underscores how agritech is shifting from a niche investment area to a broader infrastructure layer for food production. - The emphasis on AI, IoT and autonomous machinery suggests buyers are looking for labor savings, better yields and tighter resource control. - The regional split points to a mature North American market and faster adoption potential in Asia-Pacific. What’s next: - The report says future market growth will likely be shaped by faster adoption of smart farming tools and more investment in sustainability. - The Business Research Company says its 2026 reports now include market attractiveness scoring, TAM analysis, company scoring matrix graphics and tables, Excel-based forecasting dashboards, market hotspot infographics and updated trend analysis. - The company says it offers more than 17,500 reports across 27 industries and 60+ geographies, supported by 1,500,000 datasets and its Global Market Model platform.