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The Indian farming market reached a value of INR 20,336 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 10.4% during 2021-2026. 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.
Farming has experienced considerable developments in terms of farm mechanization, irrigation techniques and easy availability of credit over the years. It currently acts as a backbone of the Indian economy as it not only provides food and raw materials but also offers employment opportunities to a significant part of the population. Despite the advent of industrialization and remarkable growth in other industries, farming still holds a considerable share in the Gross Domestic Product (GDP) of the country. It primarily involves growing crops and rearing animals with the aim of cultivating food products.
Rapid urbanization, along with the increasing infrastructure developments and the growing global population, has resulted in the declining arable land in India. This, coupled with the surging demand for food, represents one of the key factors strengthening the growth of the market. Moreover, rising number of agreements between corporate companies and farmers for supplying and production of agricultural products are driving the market. Apart from this, organic products are safer than conventional products as they are not grown using chemically laden pesticides and are considered better for the environment. Due to the increasing health consciousness among individuals, there is a rise in the demand for organic food items. As a result, farmers across the country are adopting organic farming, which is creating a favorable market outlook. Furthermore, the Government of India is undertaking several initiatives to improve the existing farming infrastructure. It is also offering financial assistance to farmers for the marketing and transportation of the farm produce to boost exports. These initiatives are projected to impel the growth of the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the Indian farming market, along with forecasts at the country and regional level from 2021-2026. Our report has categorized the market based on crop seasonality, crop type, application and distribution channel.
Breakup by Crop Seasonality:
Breakup by Crop Type:
Plantation crops hold the largest market share as plantation farming generates more job opportunities for the local people.
Breakup by Application:
Food processing currently accounts for the majority of the total market share as it helps preserve the nutrition quality and ensures food safety.
Breakup by Distribution Channel:
Traditional retail presently dominates the market on account of greater sales potential and inventory options.
Breakup by Region:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry.
|Base Year of the Analysis||2020|
|Units||Million Metric Tons, INR Billion|
|Segment Coverage||Crop Seasonality, Crop Type, Application, Distribution Channel, Region|
|Region Covered||North India, South India, East India, West India|
|Customization Scope||10% Free Customization|
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Key Questions Answered in This Report:
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