Agriculture Industry in India Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 10.5% (2024-2032)
The agriculture industry in India is vital, employing millions and contributing significantly to the country’s economy. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 10.5% from 2024 to 2032.
Agriculture Industry in India Trends and Drivers:
The rising popularity of modern farming techniques along with initiatives taken by government authorities aimed at boosting productivity are the factors responsible for the growth of the agriculture industry in India. Additionally, farmers are highly reliant on mechanization, precision farming, and improved irrigation techniques to enhance crop yields with the growing population and increasing demand for food.
The use of fertilizers, hybrid seeds, and pesticides has become more widespread, leading to better output and efficiency. Moreover, schemes by government authorities like Pradhan Mantri Fasal Bima Yojana and the PM-Kisan initiative are providing financial support and crop insurance to farmers, encouraging them to invest in modern agricultural practices and ensuring steady growth in the sector.
A significant trend in the agriculture industry in India is the rising focus on sustainable and organic farming. In addition to this, as consumer awareness about health and environmental issues grows, there is an increasing demand for organic produce, leading farmers to shift towards eco-friendly farming practices. Furthermore, the use of digital platforms and agri-tech solutions, such as mobile apps and data analytics, is gaining traction, allowing farmers to access real-time information on weather, soil health, and market prices.
These technologies are helping farmers make informed decisions, optimize resource use, and reduce waste. Apart from this, the growing role of contract farming and agribusinesses is fostering collaboration between farmers and corporations, providing better market access and income opportunities. The efficient and sustainable practices adopted by the population are anticipated to drive the agriculture industry in India in the coming years.
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Agriculture Industry in India Segmentation:
The report has segmented the market into the following categories:
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 offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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