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Indian Agriculture Market

Indian Agriculture Market Share, Size, Analysis, Demand: By Sector: Farming, Agricultural Equipment, Fertilizers, Pesticides, Warehousing, Cold Chains, Dairy, Floriculture, Apiculture, Sericulture, Seeds, Fisheries, Poultry, Animal Husbandry, Animal Feed, Bio-Agriculture; Regional Analysis; Competitive Landscape; 2024-2032

Indian Agriculture Market Outlook

The Indian agriculture market reached a value of about USD 457.26 billion in 2023. The market is further expected to grow at a CAGR of nearly 4.9% between 2024 and 2032 to reach a value of approximately USD 703.30 billion by 2032.

 

Indian Agriculture Market

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The agricultural sector is a significant part of the Indian economy in terms of its GDP contribution. It is a source of employment for the majority of the nation's population. This sector has tremendous growth opportunities at the moment, with India already being one of the largest agricultural producers globally. Presently, India is the third-largest agricultural producer globally in terms of value, after the United States and China. India is the second-largest populated nation, with about 20% of the global population, which provides an excellent growth opportunity for the agricultural sector in the country. The demand for various agrarian commodities has grown considerably as the population has grown. This growth has led farmers to introduce improved techniques and methods in milk, fishing, and livestock to meet people's diverse food needs. There have been a variety of changes in this field over the last few decades. These include increased organized sector penetration, growth in contract farming, mechanized agriculture, easy loan facilities, increased exports, agrochemicals, and high yield seeds, and the growing role of the private sector in manufacturing, branding and marketing, among others. These factors are aiding the robust growth of the agriculture market in India.

 

Market Segmentation

Agriculture refers to farming, which includes the cultivation of food and other crops, along with the rearing of animals to provide utilities like food, wool, and other essential products.

 

Indian Agriculture Market By Segments

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Based on the sector, the market is segmented into the following:

  • Farming
  • Agriculture Equipment
  • Fertilizers
  • Pesticides
  • Warehousing
  • Cold Chains
  • Food Processing
  • Dairy
  • Floriculture
  • Apiculture
  • Sericulture
  • Seeds
  • Fisheries
  • Poultry
  • Animal Husbandry
  • Animal Feed
  • Bio-Agriculture

 

The major regional markets in the agriculture market in India are North India, West India, East and Central India, and South India.

 

Indian Agriculture Market

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Market Analysis

The rise in population has led farmers to implement improved technologies and methods in milk, fishery, and livestock to meet people's diverse food needs, which is propelling the Indian agriculture market. More than half of the population of India is also reliant on agricultural goods, which further fosters the market growth. India's GDP has increased steadily, resulting in an increase in the consumer's disposable incomes. This growth has powered both the producer as well as consumer demand in agriculture. Farmers have invested more in advanced farm infrastructure, including irrigation, quality seeds, machinery, fertilizers, stocks, cold storage, etc. The purchasing power of consumers has also increased, having a positive effect on the domestic demand for agricultural products.

 

Government aid plays a critical role in the development of the Indian agriculture sector since agriculture stays the primary livelihood of more than half of the overall population of India, making it the largest voting bench in the country. The Indian government provides farmers with subsidies for water, electricity, farm machinery, fertilizers, hybrid seed, and so on. The government has also exempted farm income in accordance with the Indian Income Tax Act, which means that farm operations' income is not taxable. This has further aided the growth of the agriculture market in India.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the Indian agriculture market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

 

  • Nuziveedu Seeds Limited
  • UPL Ltd (Advanta Seeds)
  • LEMKEN India
  • Beri Udyog Pvt Ltd.
  • Deccan Farm Equipments Pvt. Ltd
  • India Agrovision Implements Pvt. Ltd
  • RSR Retail Pvt. Ltd
  • Chambal Fertilisers and Chemicals Limited
  • Coromandel International Limited
  • Dhanuka Agritech Ltd
  • BASF SE
  • DuPont de Nemours, Inc.
  • Others

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Sector
  • Region
Breakup by Sector
  • Farming
  • Agricultural Equipment
  • Fertilizers
  • Pesticides
  • Warehousing
  • Cold Chains
  • Dairy
  • Floriculture
  • Apiculture
  • Sericulture
  • Seeds
  • Fisheries
  • Poultry
  • Animal Husbandry
  • Animal Feed
  • Bio-Agriculture
Breakup by Region
  • North India
  • East and Central India
  • West India
  • South India
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Nuziveedu Seeds Limited
  • UPL Ltd (Advanta Seeds)
  • LEMKEN India
  • Beri Udyog Pvt Ltd.
  • Deccan Farm Equipments Pvt. Ltd
  • India Agrovision Implements Pvt. Ltd
  • RSR Retail Pvt. Ltd
  • Chambal Fertilisers and Chemicals Limited
  • Coromandel International Limited
  • Dhanuka Agritech Ltd
  • BASF SE
  • DuPont de Nemours, Inc.
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers    
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    Global Agriculture Market Overview

    8.1    Key Industry Highlights
    8.2    Global Agriculture Historical Market (2018-2023) 
    8.3    Global Agriculture Market Forecast (2024-2032)
    8.4    Global Agriculture Market Share by Region
        8.4.1    North America
        8.4.2    Europe
        8.4.3    Asia Pacific
        8.4.4    Latin America
        8.4.5    Middle East and Africa
9    India Agriculture Market Overview
    9.1    Key Industry Highlights
    9.2    India Agriculture Historical Market (2018-2023) 
    9.3    India Agriculture Market Forecast (2024-2032)
10    India Agriculture Market by Sector
    10.1    Farming
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2023)
        10.1.3    Forecast Trend (2024-2032)
    10.2    Agricultural Equipment
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2023)
        10.2.3    Forecast Trend (2024-2032)
    10.3    Fertilisers
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2023)
        10.3.3    Forecast Trend (2024-2032)
    10.4    Pesticides
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2023)
        10.4.3    Forecast Trend (2024-2032)
    10.5    Warehousing
        10.5.1    Market Share
        10.5.2    Historical Trend (2018-2023)
        10.5.3    Forecast Trend (2024-2032)
    10.6    Cold Chains
        10.6.1    Market Share
        10.6.2    Historical Trend (2018-2023)
        10.6.3    Forecast Trend (2024-2032)
    10.7    Dairy 
        10.7.1    Market Share
        10.7.2    Historical Trend (2018-2023)
        10.7.3    Forecast Trend (2024-2032)
    10.8    Floriculture
        10.8.1    Market Share
        10.8.2    Historical Trend (2018-2023)
        10.8.3    Forecast Trend (2024-2032)
    10.9    Apiculture
        10.9.1    Market Share
        10.9.2    Historical Trend (2018-2023)
        10.9.3    Forecast Trend (2024-2032)
    10.10    Sericulture
        10.10.1    Market Share
        10.10.2    Historical Trend (2018-2023)
        10.10.3    Forecast Trend (2024-2032)
    10.11    Seeds
        10.11.1    Market Share
        10.11.2    Historical Trend (2018-2023)
        10.11.3    Forecast Trend (2024-2032)
    10.12    Fisheries
        10.12.1    Market Share
        10.12.2    Historical Trend (2018-2023)
        10.12.3    Forecast Trend (2024-2032)
    10.13    Poultry
        10.13.1    Market Share
        10.13.2    Historical Trend (2018-2023)
        10.13.3    Forecast Trend (2024-2032)
    10.14    Animal Husbandry
        10.14.1    Market Share
        10.14.2    Historical Trend (2018-2023)
        10.14.3    Forecast Trend (2024-2032)
    10.15    Animal Feed
        10.15.1    Market Share
        10.15.2    Historical Trend (2018-2023)
        10.15.3    Forecast Trend (2024-2032)
    10.16    Bio-Agriculture 
        10.16.1    Market Share
        10.16.2    Historical Trend (2018-2023)
        10.16.3    Forecast Trend (2024-2032)
11    India Agriculture Market by Region
    11.1    North India
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2023)
        11.1.3    Forecast Trend (2024-2032)
    11.2    East and Central India
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2023)
        11.2.3    Forecast Trend (2024-2032)
    11.3    West India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2023)
        11.3.3    Forecast Trend (2024-2032)
    11.4    South India
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2023)
        11.4.3    Forecast Trend (2024-2032)
12    Market Dynamics
    12.1    SWOT Analysis
        12.1.1    Strengths
        12.1.2    Weaknesses
        12.1.3    Opportunities
        12.1.4    Threats
    12.2    Porter’s Five Forces Analysis
        12.2.1    Supplier’s Power
        12.2.2    Buyer’s Power
        12.2.3    Threat of New Entrants
        12.2.4    Degree of Rivalry
        12.2.5    Threat of Substitutes
    12.3    Key Indicators for Demand
    12.4    Key Indicators for Price
13    Competitive Landscape
    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Nuziveedu Seeds Limited
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    UPL Ltd (Advanta Seeds)
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    LEMKEN India
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    Beri Udyog Pvt Ltd.
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Deccan Farm Equipments Pvt. Ltd
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    India Agrovision Implements Pvt. Ltd
            13.2.6.1    Company Overview
            13.2.6.2    Product Portfolio
            13.2.6.3    Demographic Reach and Achievements
            13.2.6.4    Certifications
        13.2.7    RSR Retail Pvt. Ltd
            13.2.7.1    Company Overview
            13.2.7.2    Product Portfolio
            13.2.7.3    Demographic Reach and Achievements
            13.2.7.4    Certifications
        13.2.8    Chambal Fertilisers and Chemicals Limited
            13.2.8.1    Company Overview
            13.2.8.2    Product Portfolio
            13.2.8.3    Demographic Reach and Achievements
            13.2.8.4    Certifications
        13.2.9    Coromandel International Limited
            13.2.9.1    Company Overview
            13.2.9.2    Product Portfolio
            13.2.9.3    Demographic Reach and Achievements
            13.2.9.4    Certifications
        13.2.10    Dhanuka Agritech Ltd
            13.2.10.1    Company Overview
            13.2.10.2    Product Portfolio
            13.2.10.3    Demographic Reach and Achievements
            13.2.10.4    Certifications
        13.2.11    BASF SE
            13.2.11.1    Company Overview
            13.2.11.2    Product Portfolio
            13.2.11.3    Demographic Reach and Achievements
            13.2.11.4    Certifications 
        13.2.12    DuPont de Nemours, Inc.
            13.2.12.1    Company Overview
            13.2.12.2    Product Portfolio
            13.2.12.3    Demographic Reach and Achievements
            13.2.12.4    Certifications
        13.2.13    Others
14    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Agriculture Market: Key Industry Highlights, 2018 and 2032
2.    India Agriculture Market: Key Industry Highlights, 2018 and 2032
3.    India Agriculture Historical Market: Breakup by Sector (USD Billion), 2018-2023
4.    India Agriculture Market Forecast: Breakup by Sector (USD Billion), 2024-2032
5.    India Agriculture Historical Market: Breakup by Region (USD Billion), 2018-2023
6.    India Agriculture Market Forecast: Breakup by Region (USD Billion), 2024-2032
7.    India Agriculture Market Structure

Key Questions Answered in the Report

In 2023, the Indian agriculture market attained a value of approximately USD 457.26 billion.

In the forecast period of 2024-2032, the market is projected to grow at a CAGR of 4.9%.

By 2028, the market is estimated to reach a value of around USD 703.3 billion by 2032.        

The major drivers of the industry such as rising disposable incomes, increasing population, increasing technological advancements, rising food demand, and growing government aid are expected to aid the market growth.

The mechanisation of agriculture, growing exports, adoption of agrochemicals and high yield seeds, and easy loan facilities, along with the increasing role of the private sector in manufacturing and branding, are the key trends expected to define the market growth in the coming years.

The major regions in the market are North India, East and Central India, West India, and South India.

The most significant sectors of agriculture in the Indian market are farming, agriculture equipment, fertilisers, pesticides, warehousing, cold chains, food processing, dairy, floriculture, apiculture, sericulture, seeds, fisheries, poultry, animal husbandry, animal feed, and bio-agriculture.

The major players in the Indian market are Nuziveedu Seeds Limited, UPL Ltd (Advanta Seeds), LEMKEN India, Beri Udyog Pvt Ltd., Deccan Farm Equipments Pvt. Ltd, India Agrovision Implements Pvt. Ltd, RSR Retail Pvt. Ltd, Chambal Fertilisers and Chemicals Limited, Coromandel International Limited, Dhanuka Agritech Ltd, BASF SE, and DuPont de Nemours, Inc., among others.

Analyst Review

The Indian agriculture market attained a value of USD 457.26 billion in 2022 driven by the growing population and the rising food demand. Aided by the rising government aid and the growing involvement of private players, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.9%. The Indian agriculture market is projected to reach USD 703.30 billion by 2032.

 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on sector, the Indian agriculture market can be segmented into farming, agriculture equipment, fertilisers, pesticides, warehousing, cold chains, dairy, floriculture, apiculture, sericulture, seeds, fisheries, poultry, animal husbandry, animal feed, and bio-agriculture. The major regional markets for agriculture in India are North India, East and Central India, West India, and South India. The key players in the above market include Nuziveedu Seeds Limited, UPL Ltd (Advanta Seeds), LEMKEN India, Beri Udyog Pvt Ltd., Deccan Farm Equipments Pvt. Ltd, India Agrovision Implements Pvt. Ltd, RSR Retail Pvt. Ltd, Chambal Fertilisers and Chemicals Limited, Coromandel International Limited, Dhanuka Agritech Ltd, BASF SE, and DuPont de Nemours, Inc., among others.

 

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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