Agriculture Industry in India Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 10.5% (2024-2032)
According to the latest report by IMARC Group, the agriculture industry in India size reached INR 90,215.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach INR 227,059.9 Billion by 2032, exhibiting a growth rate (CAGR) of 10.5% during 2024-2032. The study provides a detailed analysis of the industry, including the agriculture industry in India share, size, trends, and growth forecast.
Agriculture Industry in India Trends and Drivers:
Factors Driving the Growth of the Agriculture Industry in India
Technological Integration and Sustainable Farming
High integration of advanced technologies.
Adoption of sustainable farming practices.
Increasing use of accurate farming techniques such as:
GPS technology
Remote sensing
Data analytics
Optimization of crop yields and resource utilization.
Government Initiatives
Pradhan Mantri Krishi Sinchai Yojana (PMKSY)
Aims to improve irrigation infrastructure.
Pradhan Mantri Fasal Bima Yojana
Provides crop insurance.
Reduces risks associated with farming.
Ensures better productivity.
Push towards organic farming.
Rising use of biofertilizers and biopesticides.
Growing demand for organic products due to health-conscious consumers.
Agritech Startups and Innovation
Growth of agritech startups providing innovative solutions.
Services offered by agritech startups include:
Mobile-based platforms for market information access.
Digital marketplaces for trading agricultural produce.
AI-driven advisory services for crop management.
Digital India Ambition
Enhances rural connectivity.
Supports digital literacy.
Supply Chain Improvements
Expansion of cold storage facilities.
Improved supply chain logistics.
Reduces post-harvest losses.
Ensures better prices for farmers.
Exploration of blockchain technology for:
Traceability.
Transparency in the supply chain.
Building trust and efficiency in the supply chain.
Conclusion
The integration of advanced technologies, supportive government initiatives, innovation through agritech startups, and improvements in supply chain logistics are key factors driving the growth of the agriculture industry in India. These developments are expected to propel the industry forward over the forecasted period.
Request to Get the Sample Report: https://www.imarcgroup.com/agriculture-industry-in-india/requestsample
Agriculture Industry in India Segmentation:
Breakup by Subsectors:
Farming
Agriculture Equipment
Fertilizers
Pesticides
Warehousing
Cold Chains
Food Processing
Dairy Market
Floriculture
Apiculture
Sericulture
Seeds
Fisheries
Poultry
Animal Husbandry
Animal Feed
Bio-Agriculture Market
Competitive Landscape:
The report has provided a comprehensive analysis of the competitive landscape in the agriculture industry in India. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:
DuPont India
Rallis India Limited (Tata Chemicals Limited)
Nuziveedu Seeds Limited
Godrej Agrovet Limited
Nestle India Limited
Advanta Seeds
Parle Products Pvt. Ltd.
Britannia Industries Limited
IFFCO
Ask Analyst for Customization and Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=658&flag=C
Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
Sign in to leave a comment.