Portugal Agritech Market

Portugal Agritech Market Overview:

The Portugal agritech market size reached USD 73.72 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 187.04 Million by 2033, exhibiting a growth rate (CAGR) of 10.90% during 2025-2033. The market is driven by accelerated adoption of digital farming technologies and precision agriculture tools becoming mainstream among larger holdings and cooperatives, comprehensive government support through the CAP Strategic Plan for agricultural development, and prioritization of eco-friendly farming practices addressing climate change challenges including water management and soil health improvement. These factors are significantly expanding the Portugal agritech market share.

Portugal Agritech Market Trends:

Digital Transformation and Adoption of Precision Agriculture

Portugal is witnessing rapid uptake of digital agriculture technology, with precision farming equipment going mainstream in bigger holdings and cooperatives across the nation. The combination of satellite technology, IoT sensors, and farm management platforms is making it possible for farmers in Portugal to maximize the use of resources and improve productivity across different agricultural segments. Digital transformation programs are greatly supported by the Common Agricultural Policy Strategic Plan, which focuses on digitalization and knowledge sharing through the Agricultural Knowledge and Innovation System. This is an overall strategy with training schemes, advisory services, and technology transfer systems aimed at increasing the rate of uptake of new agriculture practices. The University of Coimbra is leading the European project "AIGreenBots" with a 2.5 million euros budget to create robotics and machine learning for digital agriculture, representing Portugal's dedication to the development of agricultural technology. Such a tendency is of major importance for Portugal agritech market growth, since farmers must tackle climate issues, water shortages, and requirements for eco-friendly agriculture, all of which require economic sustainability in globalizing markets.

Government Assistance and Investment towards Farm Innovation

The government of Portugal is undertaking far-reaching support systems for modernization in agriculture through the Common Agricultural Policy Strategic Plan, which invests more than 7.2 billion euros in agricultural growth from 2023-2027. The considerable investment strategy focuses on innovation, digital transformation, and ecologically sound farming methods, with particular support reserved for young farmers and rural development programs in all geographical zones. The strategy involves specific assistance for 2,061 new young farmers in business start-up, focusing on youth female-led projects to respond to challenges of generational renewal. The European Investment Bank has also reinforced financial assistance by lending 400 million euros to Santander to increase funding for small and medium enterprises and agriculture, with a minimum of 10% dedicated to young and newly created farmers. Portugal's CAP Strategic Plan assigns more than 28,000 individuals to take advantage of advice, training, and knowledge exchange schemes, on which 2,517 advisors are helped to implement the AKIS system to enhance agricultural performance. The above initiative form the core of the Portugal agritech market trends, promoting technology uptake, innovation, and sustainable agriculture growth across the nation.

Sustainable Agriculture and Environmental Technology Focus

Portugal is focusing on green agriculture and environmental sustainability by leveraging innovative agritech solutions that provide direct response to urgent climate change risks, water management needs, and soil health improvement demands. The nation is beset by considerable environmental issues like desertification, erosion, forest fires, and water scarcity, demanding large-scale adoption of innovative technologies that enable sustainable resource use and climate adaptation practices. Portuguese agritech firms and research centers are creating innovative solutions for carbon sequestration, organic farming systems, and integrated production methods, in line with European Green Deal targets and the vision of Portugal to reach 19% organic farming coverage by 2030. Sustainability is being driven with significant financial investments, with the government allocating 90 million euros for circular and bio-economy funds. Portugal's CAP Strategic Plan sets aside over 1.9 billion euros for farmers who pledge sustainable measures like carbon sequestration, organic fertilization, and organic farming, and 4.5% of agricultural land is supported in enhancing water use efficiency. Environmental technology uptake is also boosted by collaborations like the one between global agtech pioneer Biome Makers and Food4Sustainability that has brought sophisticated soil microbiome analysis technologies to help Portuguese farmers adopt regenerative agricultural systems.

Portugal 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 from 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 by 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

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes irrigation, production and maintenance, supply chain, and marketplace.

Regional Insights:

• Norte
• Centro
• A. M. Lisboa
• Alentejo
• Others

The report has also provided a comprehensive analysis of all the major regional markets, which include Norte, Centro, A. M. Lisboa, Alentejo, 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.

Latest News and Developments:

• September 2024: Global agtech leader Biome Makers has expanded its operations to Portugal by partnering with Food4Sustainability, a non-profit organization focused on innovation in sustainable food production. Under the agreement, Food4Sustainability has licensed Biome Makers’ proprietary BeCrop® technology to perform soil microbiome analysis at its laboratory. This collaboration aims to support Portuguese and European farmers in enhancing soil health and advancing regenerative agricultural practices.

Portugal Agritech Market Report Coverage:

Key Questions Answered in This Report:

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