Select Language
Agriculture represents an important component of the Indian economy in terms of both employment opportunities offered by it and its contribution to the GDP of the country. Presently, India is the third largest agricultural producer across the globe in terms of value, after the United States and China. There have been numerous transformations in the agricultural sector of India, over the past few years, which include growth in contract farming, increasing penetration of the organised sector, easy loan facilities, rising mechanisation of agriculture, increasing use of agrochemicals and rise in exports. A new research report by IMARC Group, titled “Agriculture Industry in India: Growth and Opportunities”, estimates that the market was worth INR 44,488 Billion in 2017. The report further anticipates the market to cross INR 86,410 Billion by 2023, at a projected CAGR of nearly 12% over the forecast period.
Drivers/Constraints of Agriculture Industry in India:
Sector Insights:
The agriculture industry in India has been segregated into 17 sectors which include farming, agriculture equipment, fertilizers, pesticides, warehousing, cold chain, food processing, dairy market, floriculture, apiculture, sericulture, seeds, fisheries, poultry, animal husbandry, animal feed and bioagriculture market. Currently, the farming sector (consisting of vegetables, fruits, cereals, plantation crops, spices and pulses) is the largest segment in the agriculture industry in India. The farming, dairy and food processing segments together accounted for the majority of the entire industry revenues. Cold chain, sericulture and floriculture, on the other hand, represent the fastest growing segments.
About Us
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.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us
IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal
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
sales@imarcgroup.com