According to IMARC Group’s latest report, titled “Agriculture Industry in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the agriculture industry in India share.
The agriculture industry in India size reached INR 71,220 Billion in 2021. Looking forward, IMARC Group expects the market to reach INR 142,280 Billion by 2027, exhibiting a growth rate (CAGR) of 12.3% during 2022-2027. The agriculture industry comprises companies or enterprises that are majorly involved in processing, storing, cleaning, or packing various types of products that are mostly obtained from agricultural production. Standard farming products are categorized under foods, fibers, and raw materials. The agriculture industry includes growing crops, encompassing farms, raising fish and animals, logging wood and dairies, etc. In addition, it also incorporates businesses that support farming practices by producing seeds, fertilizers, and farm equipment. As a result, the agriculture industry represents an essential part of the Indian economy and a source of employment for most of the population, thereby propelling the market growth.
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Agriculture Industry in India Trends:
The escalating demand for agrarian products across the country and the inflating rural and urban income levels are among the primary factors driving the agriculture industry in India. Besides this, the increasing utilization of advanced methods, such as blockchain, artificial intelligence (AI), geographic information systems (GIS), drones, and remote sensing technologies, and the introduction of several e-farming applications are further augmenting the market growth. Moreover, the launch of favorable policies by the government bodies to support and upgrade the overall agricultural infrastructure, including credit facilities for farmers, crop insurance schemes, and various incentives for the movement of farming products by air transport, is also catalyzing the market across India. Apart from this, the elevating requirement for organic agrarian items among the masses is acting as another significant growth-inducing factor. Furthermore, the development of allied services, such as cold storage and warehouses, diverse agro-climatic conditions, a high proportion of arable land, and the emerging trend of digitization, are expected to bolster the agriculture industry in India in the coming years.
Agriculture Industry in India 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the agriculture industry in India has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these Players Include:
DuPont India Private LimitedRallis India LimitedNuziveedu Seeds LimitedGodrej Agrovet LimitedNestlé India LimitedAdvanta (UPL Limited)Monsanto CompanyParle Products Private LimitedBritannia Industries LimitedREI Agro LimitedIndian Farmers Fertiliser Cooperative (IFFCO) LimitedMarket Summary:
Based on the subsectors, the market has been segmented into farming, agriculture equipment, fertilizers, pesticides, warehousing, cold chains, food processing, dairy market, floriculture, apiculture, sericulture, seeds, fisheries, poultry, animal husbandry, animal feed, and bio-agriculture market.Ask Analyst for 10% free customized report:https://www.imarcgroup.com/agriculture-industry-in-india
Key Highlights of the Report:
Market Performance (2016-2021)Market Outlook (2022-2027)Market TrendsMarket Drivers and Success FactorsImpact of COVID-19Value Chain AnalysisComprehensive mapping of the competitive landscapeIf 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.
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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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