Agriculture Industry in India Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 10.5% (2024-2032)
Market Size in 2023: INR 90,215.8 Billion
Market Size in 2032: INR 227,059.9 Billion
Agriculture is India’s backbone, employing millions and driving rural economy, contributing significantly to GDP and food security. According to the latest report by IMARC Group, the agriculture industry in India size reached INR 90,215.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach INR 227,059.9 Billion by 2032, exhibiting a growth rate (CAGR) of 10.5% during 2024-2032.
Agriculture Industry in India Trends and Drivers:
The integration of advanced technologies and sustainable farming practices is driving agriculture industry in India growth . The increasing adoption of precision farming techniques, such as GPS technology, remote sensing, and data analytics, is helping farmers optimize crop yields and resource management.
Government initiatives like the Pradhan Mantri Krishi Sinchai Yojana (PMKSY) and the Pradhan Mantri Fasal Bima Yojana are enhancing irrigation infrastructure and offering crop insurance, reducing farming risks and boosting productivity. Additionally, the shift toward organic farming and the growing use of biofertilizers and biopesticides are gaining traction as health-conscious consumers drive demand for organic products.
Another significant trend in the Indian agriculture industry is the growth of agritech startups that are revolutionizing the sector with innovative solutions. These startups are providing services such as mobile-based platforms for accessing market information, digital marketplaces for trading agricultural produce, and AI-driven advisory services for crop management. In addition to this, the Digital India ambition by government authorities is further supporting these developments by enhancing rural connectivity and digital literacy.
Moreover, the expansion of cold storage facilities and improved supply chain logistics are helping reduce post-harvest losses and ensure that farmers get better prices for their produce, which is acting as another significant growth-inducing factor. The adoption of blockchain technology for traceability and transparency in the supply chain is also being explored to build trust and efficiency, which is anticipated to drive the agriculture industry in India over the forecasted period.
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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 has provided a comprehensive analysis of the competitive landscape in the agriculture industry in India. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:
- DuPont India
- Rallis India Limited (Tata Chemicals Limited)
- Nuziveedu Seeds Limited
- Godrej Agrovet Limited
- Nestle India Limited
- Advanta Seeds
- Parle Products Pvt. Ltd.
- Britannia Industries Limited
- IFFCO
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Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If 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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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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