North America Agritech Market Segments and Growth by 2027

North America Agritech Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Biotechnology and Biochemicals, Big Data & Analytics, Sensors and Connected Devices, Mobility, and Other Types) and Application (Irrigation, Production and Maintenance, Supply Chain, and Marketplace)

Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027

Report Date : Mar 2021
Report Code : TIPRE00020905

Category : Technology, Media and Telecommunications
Status : Published

Available Report Formats :
No. of Pages : 86

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North America Agritech Market Segments and Growth by 2027

Report Date: Mar 2021 | Report Code: TIPRE00020905

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Page Updated: Apr 2021

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The agritech market in North America is expected to grow from US$ 6,731.3 million in 2019 to US$ 16,005.2 million by 2027; it is estimated to grow at a CAGR of 12.2% from 2020 to 2027.

The US, Canada, and Mexico are major economies in North America. Various countries witnessing rise in agriculture sector is the major factor driving the North America agritech market. The world population is projected to grow from 7.7 billion to 9.7 billion by 2050; this is likely to increase food consumption significantly. Traditional methods, however, are not sufficient to address this upsurge in demand. Moreover, farming is not perceived as an attractive profession by younger generations, and immigration policies make it challenging to get migrant workers. Therefore, to ensure food demands of citizens getting fulfilled, the proportion of farming activities and fresh produce is increasing. Following are a few key aspects about the agriculture sector. US, and Brazil are the top four, dominant food-producing countries; they are also among the Top 10 countries in the world in terms of total geographic land area.

COVID-19 is having a very devastating impact over the North America region. North America is an important market for the growth of agritech products owing to the presence of developed countries such as the US and Canada in this region. The high number of COVID cases have resulted in a negative impact on country’s and region’s economy and there has been a decline business activities and growth of various industries operating in the region. The COVID-19 pandemic has been a major for all the farmers in the region, threatening access to agricultural labor and complexing worldwide supply chains. However, for indoor farming, it has offered an opportunity. In vertical farming, the batches of crops can be watered individually and ignited with the help of smart agriculture products, enabling them to be grown year-round with less resource. Nevertheless, the factory and business shutdowns across the US, Canada, and Mexico negatively impacted the sales of agritech products, such as sensors, agribots, and many more. COVID-19 has had a severe impact on logistics operations, transportation, and trade activity. North America is home to a large number of manufacturing and technology companies. Thus, the coronavirus outbreak's impact is anticipated to be quite severe in the year 2020 and likely in 2021. However, the impact of COVID-19 is short-term; it is likely to decrease in the coming years.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America agritech market. The North America agritech market is expected to grow at a good CAGR during the forecast period.

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North America Agritech Market Segmentation

North America Agritech Market – By Type

Biotechnology and Biochemicals
Big Data & Analytics
Sensors and Connected Devices
Mobility
Other Types

North America Agritech Market – By Application

Irrigation
Production and Maintenance
Supply Chain
Marketplace

North America Agritech Market, by Country

US
Canada
Mexico

North America Agritech Market - Companies Mentioned

AeroFarms
AgBiome, Inc.
ARSR Tech
Ceres Imaging
Conservis
Indigo Ag, Inc.
Pivot Bio

North America Agritech Report Scope

Report Attribute	Details
Market size in 2019	US$ 6,731.3 Million
Market Size by 2027	US$ 16,005.2 Million
CAGR (2020 - 2027)	12.2%
Historical Data	2017-2018
Forecast period	2020-2027
Segments Covered	By Type Biotechnology and Biochemicals Big Data & 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
Market leaders and key company profiles	AeroFarms AgBiome, Inc. ARSR Tech Ceres Imaging Conservis Indigo Ag, Inc. Pivot Bio

Research Manager

Ankita Mittal

Manager,
Market Research & Consulting

Ankita is a dynamic market research and consulting professional with over 8 years of experience across the technology, media, ICT, and electronics & semiconductor sectors. She has successfully led and delivered 100+ consulting and research assignments for global clients such as Microsoft, Oracle, NEC Corporation, SAP, KPMG, and Expeditors International. Her core competencies include market assessment, data analysis, forecasting, strategy formulation, competitive intelligence, and report writing.

Ankita is adept at handling complete project cycles—from pre-sales proposal design and client discussions to post-sales delivery of actionable insights. She is skilled in managing cross-functional teams, structuring complex research modules, and aligning solutions with client-specific business goals. Her excellent communication, leadership, and presentation abilities have enabled her to consistently deliver value-driven outcomes in fast-paced and evolving market environments.

What are the North America Agritech Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Regional, Country
Industry and Competitive Landscape
Excel Dataset

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