India Agritech Market Size to Surpass USD 2,309.75 Million by 2032,...

India Agritech Market Size to Surpass USD 2,309.75 Million by 2032, exhibiting a CAGR of 11.50% | IMARC Group

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Posted 2025-01-28 07:01:33

India Agritech Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 11.50% (2024-2032)

Market Size in 2023: USD 787.5 Million

Market Size in 2032: USD 2,309.75 Million

The India agritech market is rapidly growing, driven by innovations in technology, improving farm productivity, and sustainable solutions. According to the latest report by IMARC Group, the market size reached USD 787.5 Million in 2023. Looking forward, IMARC Group expects the market to reach USD 2,309.75 Million by 2032, exhibiting a growth rate (CAGR) of 11.50% during 2024-2032.

India Agritech Market Trends and Drivers:

The India Agritech market is expanding rapidly, owing to several interconnected factors, including rising digitalization and technical improvements in agriculture. Besides this, increased crop yields, reduced environmental impact, and resource optimization are all made possible by the emergence of smart farming technology, such as AI, precision agriculture, IoT-based tools, etc.

Additionally, the growing adoption of data analytics and machine learning in farm management is helping farmers make informed decisions regarding planting, irrigation, and harvesting. In line with these factors, the initiatives of the government bodies to promote sustainable agriculture and the push for digital inclusion in rural areas are also contributing to the expansion of the India Agritech market. Furthermore, various subsidies and programs supporting innovation and technology adoption are thereby accelerating market growth.

Another significant trend in the India Agritech market is the rising focus on e-commerce platforms and digital marketplaces, which are transforming how farmers access markets and sell their produce. In addition, these platforms enable direct-to-consumer sales, reducing the role of intermediaries and increasing farmers' profitability. Moreover, the development of agri-fintech solutions is helping small and marginal farmers access credit and insurance, which is essential for managing risks in agriculture.

Apart from this, companies are also investing in developing eco-friendly farming solutions, such as organic farming techniques and sustainable inputs, to meet the rising demand for healthy and environmentally conscious products. Consequently, these trends, coupled with a growing emphasis on food security and innovation, are expected to drive the India Agritech market in the coming years.

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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.

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