India Agritech Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 9.30% (2024-2032)

The India Agritech market is rapidly growing, driven by digital innovations, precision farming, and increased adoption of smart technologies. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 9.30% from 2024 to 2032.

India Agritech Market Trends and Drivers:

The India agritech market is witnessing rapid growth due to a combination of factors, including increasing digitalization and advancements in agricultural technology. Smart farming innovations such as AI, precision agriculture, and IoT tools are boosting crop yields, minimizing environmental impact, and optimizing resources. Additionally, the adoption of data analytics and machine learning is empowering farmers to make informed decisions about planting, irrigation, and harvesting.

Government initiatives promoting sustainable agriculture and digital inclusion in rural areas are also fueling market growth, alongside various subsidies supporting innovation. A key trend in the agritech sector is the growing use of e-commerce platforms and digital marketplaces, which are revolutionizing how farmers sell their produce, enabling direct-to-consumer sales and improving profitability by cutting out intermediaries. The rise of agri-fintech solutions is further helping small and marginal farmers access credit and insurance to manage agricultural risks.

Moreover, companies are investing in eco-friendly farming solutions, such as organic practices and sustainable inputs, to cater to the demand for healthier, environmentally conscious products. These trends, along with the increasing focus on food security and technological innovation, are expected to drive the India agritech market’s continued growth.

Request for a sample copy of this report: https://www.imarcgroup.com/india-agritech-market/requestsample

India Agritech Market Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

• Biotechnology and Biochemical
• Big Data and Analytics
• Sensors and Connected Devices
• Mobility
• Others

Breakup by Application:

• Irrigation
• Production and Maintenance
• Supply Chain
• Marketplace

Breakup by Region:

• North India
• West and Central India
• South India
• East and Northeast India

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.

Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=21706&flag=C

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.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.

IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:  

IMARC Group 

134 N 4th St. Brooklyn, NY 11249, USA 

Email: sales@imarcgroup.com 

Tel No:(D) +91 120 433 0800 

United States: +1-631-791-1145

• Uncategorized