Agritech Market Scope And Analysis

Report Code : TIPRE00019484
Category : Technology, Media and Telecommunications

No. of Pages : 150

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Agritech Market Trends and Scope by 2031

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Agritech Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 25.60 Billion
Market Size by 2031	US$ 67.10 Billion
Global CAGR (2024 - 2031)	12.8%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Type Biotechnology and Biochemicals Big Data and Analytics Sensors and Connected Devices Mobility Other Types By Application Irrigation Production and Maintenance Supply Chain Marketplace
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	ARSR Tech AeroFarms Apollo Agriculture Crofarm Agriproducts Pvt Ltd Conservis Indigo Ag Inc LettUs Grow Ltd Pivot Bio AgBiome Inc Ceres Imaging

Agritech Market News and Recent Developments

The agritech market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:

In January 2024, Apollo Agriculture, a commercial farming platform that assists small-scale farmers in maximizing their profits, secured US$ 10 million in funding to support its continued growth. The Kenyan startup, founded in 2019, provides farmers with access to financing, high-quality farm inputs, insurance, and optimized advice to increase their profitability. The recent funding will enable Apollo Agriculture to expand its operations in Kenya and help more farmers thrive, adapt to climate change, and contribute to food security.

(Source: Apollo Agriculture, Press Release, 2024)

In February 2023, AeroFarms, a Certified B Corporation and a global leader in indoor vertical farming, introduced AeroFarms AgX, its latest state-of-the-art indoor vertical farm. This cutting-edge facility is focused on innovative Research and Development (R&D) and is located in the UAE, specifically in Abu Dhabi. AeroFarms AgX aims to advance sustainable controlled environment agriculture (CEA) and indoor vertical farming to address broader global agriculture supply chain challenges.

(Source: AeroFarms, Press Release, 2023)

Agritech Market Report Coverage and Deliverables

The "Agritech Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Market dynamics such as drivers, restraints, and key opportunities
Key future trends
Detailed PEST/Porter's Five Forces and SWOT analysis
Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
Detailed company profiles