According to the latest report by IMARC Group, titled “Farming Industry in India: Market Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” 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. Farming refers to the activity of growing edible plantscrops, planting seeds, and raising livestock. It has changed evolved graduallygreatly over the past years as it. The sector has witnessed considerable technological developments and innovations. It It generatess multiple employment opportunities for millions of people individuals and holds a considerable significant share in the Gross Domestic Product (GDP) of the country.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends:
The market in India is majorly driven by the growing global population rate across the country. This, coupled with the increasing demand for food, is significantly contributing to the market growth. Furthermore, considerable developments in farm mechanization, and irrigation techniques, are positively influencing the market growth. In line with this, the easy availability of credit to the farmers by macro-financial institutions is escalating also providing an impetus to the market growth. Moreover, the growing rising demand for organic farm products across the country due to the increasing health consciousness among individuals is propelling the demand for farmingmarket growth. Additionally, the launch of various favorable schemes by the Ggovernment of India (GOI) for the upgradation of the farming infrastructure such as Krishi UDAN 2.0, Dairy Sahakar, Pradhan Mantri Kisan Samman Nidhi Yojana (PM-Kisan), Production-Linked Incentive Scheme for Food Processing Industry (PLISFPI), among others, is further creating a positive outlook for the market.
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Indian Farming Market 2021-2026 Analysis and Segmentation:
Competitive Landscape with Key Players
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance 2015-2020
- Market Outlook 2021-2026
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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