The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The agriculture industry in India size reached INR 71,220 Billion in 2021. Looking forward, IMARC Group expects the market to reach INR 142,280 Billion by 2027, exhibiting a growth rate (CAGR) of 12.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
The agriculture industry comprises enterprises or companies that are majorly involved in cleaning, processing, storing or packing various types of products that are mainly obtained from agricultural production. Some of the common agriculture products are categorized under fibers, foods and raw materials. It includes raising fish and animals, growing crops, encompasses farms, logging wood and dairies. Besides this, it also includes businesses that support agriculture practices by producing seeds, fertilizers and farm equipment. As a result, it represents an important part of the Indian economy and a source of employment for the majority of the country’s population, thereby driving the market growth.
Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
To get more information about this market, Request Sample
The market in India is primarily driven by rapid population growth. This is further supported by the inflating rural and urban income levels that have led to the growing demand for agricultural products across the country. In line with this, the increasing adoption of advanced methods, such as blockchain, artificial intelligence (AI), geographic information system (GIS), drones and remote sensing technologies, along with the launching of several e-farming applications, is providing a boost to the market. Moreover, the presence of favorable government policies across India in order to support and upgrade the overall agricultural infrastructure, including credit facilities for farmers and crop insurance schemes and various incentives for the movement of agriculture products by air transport worldwide, is impacting the market favorably. The market is further driven by the widespread preference for organic agricultural products among the masses. Other factors, including the rising development of allied services, such as cold storage and warehouses, diverse agro-climatic conditions, a high proportion of agricultural land, and rapid digitization, are also positively influencing the market across India.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the agriculture industry in India report, along with forecasts for the period 2022-2027. Our report has categorized the market based on various subsectors.
Breakup by Subsectors:
Presently, the farming sector accounts for the majority of the total market share due to the growing population level in the country.
The agriculture industry in India size reached INR 71,220 Billion in 2021.
The significant rise in the need for various agricultural products due to population growth and the rapid adoption of enhanced technologies and methods in dairy, fisheries, and livestock are the major growth-inducing factors.
The emergence of modern retail formats has enabled the farmers to directly sell their products to consumers. The establishment of rural banking and credit system is also playing a pivotal role in the industry’s growth.
The increasing adoption of social distancing measures in the country due to the outbreak of the coronavirus disease (COVID-19) has led to disruptions in the supply of agricultural products across the country. The non-availability of migrant labor is also interrupting harvesting activities, thereby negatively impacting the industry.
The Indian agriculture industry is expected to reach INR 142,280 Billion by 2027, exhibiting a growth rate (CAGR) of 12.3% during 2022-2027.
The agriculture industry in India has been segregated into 17 major sectors, including farming, agriculture equipment, fertilizers, pesticides, warehousing, cold chain, food processing, dairy market, floriculture, apiculture, sericulture, seeds, fisheries, poultry, animal husbandry, animal feed, and bio-agriculture. Amongst these, the farming sector accounts for the largest market share in the agriculture industry.
The leading players operating in the industry are E.I. DuPont India Private Ltd., Rallis India Ltd., Nuziveedu Seeds Ltd., Godrej Agrovet Ltd., Nestle India Ltd., Advanta India Limited, Monsanto Company, Parle Products Private Limited, Britannia Industries Ltd., REI Agro Limited., and Indian Farmers Fertilizer Cooperative Limited (IFFCO).
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at