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The India agriculture market is rapidly rising due to increased consumer demand. India, after the United States and China, is one of the world's leading agricultural producers in terms of value. India, with a major share of the world's population, is the second-largest populated country. The demand for different agricultural commodities has increased dramatically with an increasing population. This development has resulted in the adoption of improved technologies and methods to meet the diverse food needs of individuals in dairy, fishing, and livestock. In the last few decades, there have been a number of changes in the agricultural sector in India. These include increased participation of the organised sector, development of contract agriculture, mechanised agriculture, easy lending facilities, growing exports, rising adoption of agrochemicals and high return seeds, and the increasing role of the private sector in manufacturing, branding, and marketing.
In May 2020, Corteva Inc (NYSE: CTVA), the erstwhile agriculture division of DuPont, one of the key players in the industry, introduced a new seed brand, especially for corn farmers in India. The brand is known as Brevant™ seeds. This would help the farmers increase the output, while also driving the growth of the overall market in India.
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