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 a key sector, contributing significantly to employment, food security, and GDP. 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 agriculture industry in India is experiencing significant growth due to the rising adoption of modern farming techniques and government initiatives aimed at enhancing productivity. Farmers increasingly rely on mechanization, precision farming, and improved irrigation methods to meet the demands of a growing population.

The widespread use of fertilizers, hybrid seeds, and pesticides is improving yields and efficiency. Government schemes like Pradhan Mantri Fasal Bima Yojana and PM-Kisan provide financial support and crop insurance, encouraging modern practices.

A notable trend is the shift towards sustainable and organic farming, driven by growing consumer demand for eco-friendly, health-conscious produce. Digital platforms and agri-tech solutions, including mobile apps and data analytics, are helping farmers access real-time information on weather, soil health, and market prices, enabling better decision-making and resource optimization.

Contract farming and partnerships with agribusinesses are also expanding, offering improved market access and income opportunities. These sustainable and technology-driven practices are expected to fuel the continued growth of India's agriculture industry.

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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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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.

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