Latin America Agritech Market 2033

Latin America Agritech Market Size, Share, Trends and Forecast by Type, Sector, Application, and Country, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A30297

Buy Now Discount
Offer

Latin America Agritech Market Overview:

The Latin America agritech market size reached USD 2.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 10.4 Billion by 2033, exhibiting a growth rate (CAGR) of 17.60% during 2025-2033. Digital farming, precision agriculture, and sustainable practices are positively impacting the Latin America agritech market share. Increased technology access, climate resilience initiatives, and growing investments are positioning the region as a significant player in global agritech advancements across the region.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 2.2 Billion
Market Forecast in 2033	USD 10.4 Billion
Market Growth Rate 2025-2033	17.60%

Latin America Agritech Market Trends:

Increase in Usage of IoT and Sensors

Farmers in Latin America are increasingly leveraging Internet of Things (IoT) devices and sensors to enhance agricultural productivity and sustainability, which is enhancing the Latin America agritech market outlook. These technologies enable real-time monitoring of critical factors such as soil moisture, temperature, humidity, and crop health. For instance, soil moisture sensors provide precise data that help optimize irrigation schedules, reducing water usage and preventing crop stress. Additionally, the launch of drones equipped with sensors can assess plant health as it aids in detection of pest infestations or nutritional inadequacies, which further enables prompt interventions. For instance, in March 2024, Wyld Networks announced its partnership with Elio Tecnologia to implement Wyld Connect for agriculture in Latin America. The collaboration aims to enhance agronomy models using satellite connectivity and drone imagery, targeting over 5,000 installations in Brazil within 36 months, with a potential order value of SEK 25 Million. Environmental sensors track weather conditions, enabling farmers to make informed decisions about planting and harvesting times. This data-driven approach not only increases yields and efficiency but also minimizes resource waste and environmental impact. By adopting IoT and sensor technologies, Latin American farmers can achieve more precise, sustainable, and profitable farming practices.

Latin America Agritech Market Size

Sustainable Practices and Climate Resilience

Sustainable practices and climate resilience are becoming central to Latin America’s agritech advancements, which supports the Latin America agritech market growth. Agritech companies are actively promoting regenerative farming, which enhances soil health through techniques like cover cropping and no-till farming, thereby increasing carbon sequestration and biodiversity. Efficient irrigation systems, such as drip and precision irrigation, are being widely adopted to conserve water and optimize its use, crucial in areas prone to drought. In line with this, in September 2024, Hydrosat announced its partnership with EE Print Pack, Rex Irrigación Huasteca, and Grupo INDERS. These collaborations aim to enhance water efficiency and crop yields through the IrriWatch platform, which utilizes satellite data for precision irrigation. The initiative promotes sustainable agriculture, supporting farmers in Mexico and Guatemala with data-driven insights for improved productivity. Additionally, bio-based crop protection solutions, including natural pesticides and biological pest control, reduce reliance on chemical inputs, promoting healthier ecosystems and safer food products. These innovations are vital for the region, which faces significant climate challenges like extreme weather and shifting precipitation patterns. By embracing these sustainable practices, Latin American agriculture can achieve greater resilience, ensuring long-term productivity and environmental stewardship while mitigating the impacts of climate change.

Latin America Agritech Market Segmentation:

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

Type Insights:

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

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

Sector Insights:

Precision Farming
Agriculture
Agrochemicals
Smart Agriculture
Biotechnology
Indoor Farming
Others

A detailed breakup and analysis of the market based on the sector have also been provided in the report. This includes precision farming, agriculture, agrochemicals, smart agriculture, biotechnology, indoor farming, and others.

Application Insights:

Production and Maintenance
Irrigation
Supply Chain
Marketplace
Others

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

Country Insights:

Brazil
Mexico
Argentina
Colombia
Chile
Peru
Others

The report has also provided a comprehensive analysis of all the major regional markets, which include Brazil, Mexico, Argentina, Colombia, Chile, Peru, and others.

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.

Latin America Agritech Market News:

In June 2024, Syensqo announced its partnership with Agtech Innovation in Piracicaba, São Paulo, to enhance its agribusiness capabilities in South America. This collaboration aims to strengthen connections within the regional agribusiness ecosystem, fostering innovation among startups and major corporations.
In February 2024, the Incofin Foundation, with support from IDB Lab, launched the Innovation Call ‘Advancing Digital Innovation for Smallholder Farmers in Latin America.’ The initiative seeks early-stage and mature agritech entities offering impactful solutions for smallholder farmers in Colombia, Bolivia, El Salvador, Paraguay, Honduras, and Peru.
In August 2024, Psyche Aerospace, a Brazilian startup, announced its plans to launch Harpia P-71, the world's largest autonomous agricultural spraying drone, backed by a BRL15 Million investment. With plans to cover 1.2 Million hectares and produce 120 drones alongside 30 refueling stations, the company aims to enhance efficiency in farming, demonstrating innovation and sustainability in agribusiness.

Latin America Agritech Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Type Sector Application Country
Types Covered	Big Data and Analytics, Biotechnology and Biochemical, Mobility, Sensors and Connected Devices, Others
Sectors Covered	Precision Farming, Agriculture, Agrochemicals, Smart Agriculture, Biotechnology , Indoor Farming , Others
Applications Covered	Production and Maintenance, Irrigation, Supply Chain, Marketplace, Others
Countries Covered	Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Latin America agritech market performed so far and how will it perform in the coming years?
What is the breakup of the Latin America agritech market on the basis of type?
What is the breakup of the Latin America agritech market on the basis of sector?
What is the breakup of the Latin America agritech market on the basis of application?
What is the breakup of the Latin America agritech market on the basis of country?
What are the various stages in the value chain of the Latin America agritech market?
What are the key driving factors and challenges in the Latin America agritech market?
What is the structure of the Latin America agritech market and who are the key players?
What is the degree of competition in the Latin America 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 Latin America agritech market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Latin America 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 Latin America 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.

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Purchase Options Discount
Offer

Inquire Before Buying

Speak to an Analyst

Request Brochure

Request Customization

Benefits of Customization

Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.

I wanted to express my sincere appreciation for your efforts in handling this matter. Your dedication and commitment have truly been commendable. It is evident that you have put in a tremendous amount of hard work and expertise into resolving the issues at hand. I would also like to take this opportunity to inform you that we are greatly interested

Overall, the deliverable was well organized and my experience with the project team was good. In particular, I appreciated how they responded when I requested additional information and the Japanese version.

The IMARC team were extremely professional and very cooperative. The team were also extremely flexible in making changes and modifications wherever required. The entire experience right from project kick-off to after sales support was fruitful and smooth.

I’d like to express my gratitude for the work you accomplished with the industry report. The way you responded to the requirements and delivered under tight timelines shows your expertise, exceptional work ethic and commitment to your customer’s success. The entire team and company are incredibly thankful for your dedication. Once again, thank you

The market reports from IMARC have been instrumental in guiding our business strategies. We found the reports comprehensive and data-driven, which helped us make informed decisions. The detailed insights and actionable data have consistently provided us with a competitive edge in a rapidly changing alcohol market.

One of the best things about IMARC is their flexibility and predisposition to tailor the reports and adapt to our needs. They are not just great in their researching and consulting solutions, but their service is unparallelled. We’ve worked with them a couple of times and we will keep working with them in future projects.

We recently commissioned multiple market research reports from IMARC, and the insights we received were invaluable. The depth of analysis, accuracy of data, and actionable recommendations have greatly enhanced our strategic decision-making.

The market estimates provided by your team were pretty much in line with what we were theorizing internally. Really appreciate the work on this.

The sale account manager and the service was excellent. The data and market trends gathered from the report was insightful and really assisted while planning future product and growth strategies.

The report is excellent and has good amount of data and our team is extremely happy with the information provided.

Thank you very much for your cooperation and post purchase support. We were really happy with the final deliverable, and the takeaways from the report.