Product Code: ETC4542745 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India food & agriculture technology products market import shipments exhibited robust growth with a significant CAGR from 2020-2024. The market further accelerated notably between 2023 and 2024, indicating strong momentum and an expanding trend in imports during the period.
The food agriculture technology products market in India encompasses a wide range of technologies and solutions that aim to enhance agricultural practices, improve crop yields, and ensure food security. As agriculture becomes more technology-driven, this market is expanding to meet the evolving needs of the industry.
The India food agriculture technology products market is experiencing substantial growth, primarily driven by the need for increased agricultural productivity and sustainability. The country`s growing population demands a higher food production capacity, and agriculture technology products offer solutions for achieving this goal. The adoption of precision agriculture techniques, smart farming, and innovative agtech solutions has become imperative to optimize crop yields and minimize resource wastage. Government support in the form of subsidies and incentives for adopting modern agricultural practices has also played a pivotal role in driving the market`s growth.
The India food agriculture technology products market faces a range of challenges in its quest to modernize the agricultural sector. One of the primary obstacles is the need for extensive education and training for farmers to adopt and effectively use advanced technology products. Many farmers, especially in remote rural areas, lack the necessary skills and resources for technology integration. The affordability of these products remains a critical concern, as the majority of India farmers operate on small scales and may not have the capital for significant investments. Infrastructure issues, such as inconsistent power supply and connectivity in rural regions, also hinder the successful implementation of technology solutions. Moreover, ensuring that these products are tailored to meet the specific needs of diverse crops and regions in India is a continuous challenge. Overcoming these obstacles is pivotal for the growth of the food agriculture technology products market in the country.
The food agriculture technology products market in India saw an increased focus during the COVID-19 pandemic. The crisis exposed vulnerabilities in the food supply chain, leading to a surge in demand for technology solutions that enhance agriculture, distribution, and food safety. Digital platforms, precision agriculture, and data-driven solutions gained prominence as the industry recognized the importance of resilience and adaptability. This shift in focus may lead to sustained growth in the India food and agriculture technology market.
The market for food agriculture technology products in India is evolving rapidly. Key players in this market include companies like ITC Limited, which focuses on agricultural technology and sustainable farming practices, and Mahindra & Mahindra, offering a range of agricultural equipment and solutions. These companies are instrumental in advancing agricultural practices in India, promoting sustainable farming, and increasing crop productivity.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Food & Agriculture Technology , Products Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Food & Agriculture Technology , Products Market Revenues & Volume, 2021 & 2031F |
3.3 India Food & Agriculture Technology , Products Market - Industry Life Cycle |
3.4 India Food & Agriculture Technology , Products Market - Porter's Five Forces |
3.5 India Food & Agriculture Technology , Products Market Revenues & Volume Share, By Industry, 2021 & 2031F |
4 India Food & Agriculture Technology , Products Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of technology in the food and agriculture sector |
4.2.2 Government initiatives and policies supporting innovation in the industry |
4.2.3 Growing awareness and demand for sustainable and organic products in India |
4.3 Market Restraints |
4.3.1 Lack of infrastructure and technological advancements in rural areas |
4.3.2 Fragmented market leading to challenges in scalability and standardization |
4.3.3 Price sensitivity of consumers affecting the adoption of new technologies and products |
5 India Food & Agriculture Technology , Products Market Trends |
6 India Food & Agriculture Technology , Products Market, By Types |
6.1 India Food & Agriculture Technology , Products Market, By Industry |
6.1.1 Overview and Analysis |
6.1.2 India Food & Agriculture Technology , Products Market Revenues & Volume, By Industry, 2021-2031F |
6.1.3 India Food & Agriculture Technology , Products Market Revenues & Volume, By Animal, 2021-2031F |
6.1.4 India Food & Agriculture Technology , Products Market Revenues & Volume, By Agriculture, 2021-2031F |
6.1.5 India Food & Agriculture Technology , Products Market Revenues & Volume, By Cold Chain, 2021-2031F |
6.1.6 India Food & Agriculture Technology , Products Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.1.7 India Food & Agriculture Technology , Products Market Revenues & Volume, By Cannabis, 2021-2031F |
7 India Food & Agriculture Technology , Products Market Import-Export Trade Statistics |
7.1 India Food & Agriculture Technology , Products Market Export to Major Countries |
7.2 India Food & Agriculture Technology , Products Market Imports from Major Countries |
8 India Food & Agriculture Technology , Products Market Key Performance Indicators |
8.1 Adoption rate of technology solutions by farmers and food producers |
8.2 Number of partnerships between technology companies and agriculture businesses |
8.3 Percentage increase in the use of sustainable practices and products in the market |
9 India Food & Agriculture Technology , Products Market - Opportunity Assessment |
9.1 India Food & Agriculture Technology , Products Market Opportunity Assessment, By Industry, 2021 & 2031F |
10 India Food & Agriculture Technology , Products Market - Competitive Landscape |
10.1 India Food & Agriculture Technology , Products Market Revenue Share, By Companies, 2024 |
10.2 India Food & Agriculture Technology , Products Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |