Australia Agritech Market Experiences Explosive 13.20% Growth, Racing Toward USD 2,362.48 Million

Australia Agritech Market Overview

Market Size in 2024: USD 683.76 Million

Market Size in 2033: USD 2,362.48 Million

Market Growth Rate 2025-2033: 13.20%

According to IMARC Group's latest research publication, "Australia Agritech Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The Australia Agritech market size was valued at USD 683.76 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 2,362.48 Million by 2033, exhibiting a CAGR of 13.20% during 2025-2033.

How AI is Reshaping the Future of Australia Agritech Market

• Revolutionizing Precision Agriculture: AI-powered analytics platforms integrate real-time field data to enable informed decisions on soil health, fertilization, pest control, and irrigation, with predictive capabilities helping reduce agricultural waste across Australian farms.

• Transforming Livestock Management: AI-driven robotic milking systems and automated feeding technologies provide 24/7 animal health monitoring, enabling early disease detection and timely interventions while addressing labor shortages in rural regions through intelligent automation.

• Powering Smart Decision-Making: Platforms like Farmonaut's Jeevn AI synthesize diverse data sources to deliver personalized advice, enabling farmers to make evidence-based decisions tailored specifically for their conditions and maximizing agricultural productivity.

• Enhancing Crop Monitoring: AI algorithms analyze satellite imagery, soil sensors, and weather data to monitor crop health, soil moisture, and nutrient levels in real-time, revolutionizing traditional farming practices and establishing new standards for agricultural management.

• Optimizing Resource Allocation: Machine learning systems predict optimal planting times, irrigation schedules, and harvest periods while minimizing environmental impact, supporting Australia's transition toward sustainable and efficient agricultural practices.

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Australia Agritech Market Trends & Drivers:

Australia's agritech revolution is being powered by an urgent need to enhance agricultural productivity while addressing climate volatility and escalating food demand. The precision agriculture movement is transforming how farmers operate, with satellite imaging, soil sensors, and AI-based advisory systems enabling real-time monitoring of soil moisture, crop health, and nutrient levels. This granular approach allows for precision interventions that minimize waste and maximize yield, creating a new paradigm where data-driven decisions replace traditional farming intuition. As these technologies become increasingly accessible and affordable, they're revolutionizing conventional farming methods and establishing new benchmarks for agricultural management across the continent.

Government support is creating a robust foundation for agritech expansion through substantial funding commitments and policy initiatives that promote innovation. The recent allocation of $240 million specifically for soil sensors and irrigation technology upgrades demonstrates the federal government's commitment to modernizing Australian agriculture. Additionally, the introduction of mandatory climate reporting from January 2025, starting with large businesses and expanding over time, is driving agricultural industries to adopt sustainability-focused technologies and transparent supply chain solutions. This regulatory framework is pushing farmers and agribusinesses to invest in technologies that not only improve productivity but also support environmental stewardship goals.

Labor shortages in rural regions are accelerating the adoption of automation and robotics across livestock management and crop production. Robotic milking systems, automated feeding mechanisms, and health monitoring tools are mechanizing operations while reducing labor costs and improving animal welfare. These technologies provide continuous monitoring capabilities that facilitate early disease detection and enable timely interventions, addressing both productivity and sustainability challenges. Meanwhile, blockchain technology is gaining traction for supply chain transparency, allowing consumers to trace food origins and quality while building trust and reducing food fraud incidents throughout the agricultural value chain.

Australia Agritech Industry Segmentation:

Type Insights:

• Biotechnology and Biochemical

• Big Data and Analytics

• Sensors and Connected Devices

• Mobility

• Others

Application Insights:

• Irrigation

• Production and Maintenance

• Supply Chain

• Marketplace

Breakup by Region:

• Australia Capital Territory & New South Wales

• Victoria & Tasmania

• Queensland

• Northern Territory & Southern Australia

• Western Australia

Recent News and Developments in Australia Agritech Market

• September 2025: Major agritech companies including TELUS Agriculture, Trimble, and AgriWebb expand data management and analysis capabilities, with BASF unveiling Xarvio Field Manager for Fruits & Veggies targeting wine and table grape growers across global markets.

• July 2025: Australian research highlights challenges in AI adoption among farmers, revealing that while remote sensing technology and autonomous vehicles advance, agricultural communities require greater support in technological integration and training programs.

• June 2025: Farmonaut's smart farm solutions and biostimulants boost sustainable precision farming initiatives in Queensland, with comprehensive agricultural innovations transforming farming practices across the state's agricultural sector.

• May 2025: Government GAO report reveals $240 million allocated for soil sensors and irrigation tech upgrades, with South Australian grain producers utilizing rebate programs to install moisture probes without impacting operating budgets.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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