India Agritech Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 9.30% (2024-2032)
According to the latest report by IMARC Group, India agritech market size is projected to exhibit a growth rate (CAGR) of 9.30% during 2024-2032. The study provides a detailed analysis of the industry, including the India agritech market share, size, trends, and growth forecast.
India Agritech Market Trends and Drivers:
The growing demand to improve agricultural productivity as well as sustainability are the factors responsible for the growth of the India agritech market. Additionally, the market is propelling as the sector is witnessing a surge in the adoption of innovative technologies like precision farming, which utilizes GPS, IoT sensors, drones, etc., to optimize resource use and monitor crop health. Initiatives by government authorities such as the Pradhan Mantri Krishi Sinchai Yojana and the e-NAM (National Agriculture Market) are significant drivers, promoting modern farming practices and facilitating better market access for farmers. Moreover, the growing interest of venture capital in agritech startups is fueling innovation and expansion in the sector.
Technological integration and the rise of digital platforms are notable trends shaping the India agritech market. Big data analytics, AI, and blockchain are being increasingly used to provide real-time insights, predictive analytics, and enhanced traceability, improving decision-making and supply chain efficiency. In addition to this, mobile applications and online platforms are empowering farmers with access to market prices, weather forecasts, and agricultural advice, thus enhancing their knowledge and productivity.
Furthermore, the focus on sustainable agriculture is driving the development of eco-friendly solutions such as biofertilizers and organic farming techniques. Financial inclusion initiatives are providing farmers with better access to credit and insurance, also supporting their adoption of advanced technologies. Apart from this, the synergy of supportive policies made by government authorities, technological innovation, and increasing digital penetration is expected to drive the growth of the India agritech market in the coming years.
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India Agritech Market Segmentation:
Breakup by Type:
- Fertilizers
- Pesticides
- Adjuvants
- Plant Growth Regulators
Breakup by Application:
- Cereals
- Oilseeds
- Fruits and Vegetables
- Others
Breakup by Region:
- North India
- West and Central India
- South India
- East and Northeast India
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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.
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.
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