Australia Agritech Market

Australia Agritech Market Overview:

The Australia agritech market size reached USD 683.76 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 2,362.48 Million by 2033, exhibiting a growth rate (CAGR) of 13.20% during 2025-2033. The market is fueled by the imperative to enhance agricultural productivity, mitigate climate volatility, and respond to increasing food demand. Technological innovation, including precision agriculture, robotics, and data analysis, government assistance in the form of funding and policy support promoting startups and research collaborations are also driving the market. Labor shortages in rural regions enhancing dependence on automation and growth in exports and sustainability targets further increase the Australia agritech market share.

Australia Agritech Market Trends:

Rise of Precision Agriculture

Precision agriculture is increasingly influencing Australia's agritech ecosystem, with data-based technologies helping farmers maximize inputs and productivity. Satellite imaging, soil sensors, and AI-based advisory systems are tools that enable farmers to monitor soil moisture, crop health, and nutrient levels on a real time basis. The granular level of analysis makes it possible to intervene with precision, minimize waste, and maximize yield. Such platforms as Farmonaut's Jeevn AI synthesize a range of different data sources in order to present individualized advice, enabling farmers to make evidence-based decisions specifically for their conditions. The take-up of these technologies is increasing efficiency while also ensuring sustainable agriculture through reducing environmental degradation. As such technology becomes increasingly available, it is revolutionizing conventional farming and creating new standards for agricultural management within Australia.

Automation and Robotics in Livestock Management

Australian livestock production is undergoing a technology revolution with automation and robotics assuming central positions to improve productivity and animal welfare. Technologies like robotic milking systems, automatic feeding, and health monitoring tools are mechanizing operations and minimizing labor costs. These tools provide round-the-clock monitoring of animal health, which facilitates the detection of diseases early and appropriate interventions on time. In addition, automation is solving labor gaps in rural regions by carrying out repetitive operations effectively. As the technology continues to evolve and become cheaper, its uptake is bound to facilitate more sustainable and lucrative livestock farming throughout the nation, further fueling the Australia agritech market growth.

Blockchain for Supply Chain Transparency

Amid increased customer interest in transparency and food safety, blockchain technology is increasingly finding its way into Australia's agritech industry. Blockchain allows consumers to obtain precise information regarding the origin, quality, and safety of their food by establishing unchangeable records of each phase in the food production and distribution process. This enhanced traceability fosters trust, reduces food fraud, and facilitates quick and effective recalls if necessary. Moreover, several companies are leading this innovation, providing blockchain traceability solutions for products that promote food safety and create new premium markets for sustainably grown grains.

Australia Agritech Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on type and application.

Type Insights:

• Biotechnology and Biochemical
• Big Data and Analytics
• Sensors and Connected Devices
• Mobility
• Others

The report has provided a detailed breakup and analysis of the market based on the type. This includes biotechnology and biochemical, big data and analytics, sensors and connected devices, mobility, and others.

Application Insights:

• Irrigation
• Production and Maintenance
• Supply Chain
• Marketplace

The report has provided a detailed breakup and analysis of the market based on the application. This includes irrigation, production and maintenance, supply chain, and marketplace.

Regional Insights:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Australia Agritech Market News:

• In February 2025, Nufarm Australia announced a collaboration with the Chinese agricultural biotechnology firm, KingAgroot, aiming to create a new broad-spectrum, non-selective herbicide for the Australian market as an independent knockdown solution. Brett Sutherland, Nufarm’s Regional General Manager for Asia Pacific, stated that through the partnership, Nufarm aims to secure registration for the KingAgroot developed molecule, Flufenoximacil (FFO), in the Australian market.
• In May 2024, AgriWebb, a key player in the digital management of beef cattle, has recently obtained USD 7.2 million through funding. This recent funding round includes participation from new investor Munters Group, a publicly listed Swedish climate solutions firm, in addition to continued support from existing backers such as Germin8 Ventures, Grosvenor Food & AgTech, and Telus Ventures. This investment marks a significant milestone in AgriWebb’s growth, after previous funding rounds in which it secured substantial sums.

Australia Agritech Market Report Coverage:

Key Questions Answered in This Report:

• How has the Australia agritech market performed so far and how will it perform in the coming years?
• What is the breakup of the Australia agritech market on the basis of type?
• What is the breakup of the Australia agritech market on the basis of application?
• What is the breakup of the Australia agritech market on the basis of region?
• What are the various stages in the value chain of the Australia agritech market? 
• What are the key driving factors and challenges in the Australia agritech?
• What is the structure of the Australia agritech market and who are the key players?
• What is the degree of competition in the Australia agritech market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia agritech market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia agritech market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia agritech industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.