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Agritech Platform Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Agritech Platform Market: By Type (Agritech Platform and Services); Application (Irrigation, Production and Maintenance, Supply Chain, Livestock Monitoring, Precision Agriculture, Smart Greenhouse and Others); and Region—Industry Dynamics, Market Size and Opportunity Forecast Until 2031

  • Published Date: 10-Mar-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0322163
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Agritech Platform Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2022US$ 13,265.5 Mn
Expected Revenue in 2031US$ 64,448.07 Mn
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Mn)
CAGR19.2%
Segments coveredBy Type, By Application, By Region
Key Companies                                                   CropX Inc., Arable Corp., Gamaya Corp., Agro-star Corp., Waycool Corp., 63Ideas Infolabs Private Limited (Ninjacart), Cropsafe Corp., Tevel Aerobotics Technologies Ltd., Phytech, Semios, Hortau, CropIn, Intello Labs, Other Prominent Players
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

Agricultural technology or agritech, is the application of technology used for farming in order to produce more with less, to make the farming process more efficient from field monitoring to the analysis of weather, soil and air temperature. 

Global Agritech Platform Market is projected to grow at a CAGR of 19.2% during the forecast period 2023-2031.

The global agritech platform market is driven by the shift from traditional method to advanced technological method in agriculture industry and favourable government initiatives to promote agritech platform. 

The agritech platform segment contributed the major share in the global agritech market in 2022.

North America holds a major share in term of revenue in the global agritech platform market in 2022.

The growing usage of agritech platform helps the farmers in enhancing their land fertility, maximize productivity, facilitate sustainable agriculture and at the same time helps in reducing the farming cost.

Types and application are the different segments of the global agritech platform market.

Based on application, the agritech platform market is segmented into irrigation, production and maintenance, supply chain, livestock monitoring, precision agriculture, smart greenhouse and others.

Lack of financial services and limited digital infrastructure further inhibits the growth in global agritech platform market.

Mexico is expected to project the highest CAGR in the North America agritech platform market during the forecast period.

Favourable government initiatives such as using AI to help farmers in efficiently planning their harvest cycle, promotes and support agritech industry and thus fuels the adoption of agritech platform around the world.

Ninjacart, Semios, Hortau, CropX Inc, Agro-star Corp, Intello Labs, WayCool Foods and Products Pvt. Ltd., 63Ideas Infolabs Private Limited, CropSafe, Arable, Gamaya, Tevel Aerobotics Technologies Ltd. and Phytech among others are some major key players in the global Agritech platform market. 

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