The agriculture sector is a major driven factor for Indian economy. India’s agricultural sector is also a largest producer of spices, tea, cashew, pulses, maize, wheat, rice, cotton, fruits and among others. Agri-Tech is generally defined as an ecosystem of players leveraging technology to offer the products or services in order to augment the overall efficiency, yield, and profitability of for farmers across the industrial value chain. Agri-tech is a long overdue industrial revolution driven by new or pragmatic technological advancements for instance data analytics which helps in precision agriculture and farm management for instance services offered by start-ups strives to improve the productivity through insights on weather & soil health, data modeling to guide the optimal resource allocation, and risk models to forecast the credit profiles for farmers.
As per analysis, “India Agritech Market Outlook to FY’2025-By Nature of Services (Input Market Linkage & Farming as a Service, Supply Chain, Post Harvest Management & Output Market Linkage, Precision Farming, Advisory & Analytics and Agri Fintech)” a variety of business models has emerged to tackle the opportunities in the agricultural space, which are Engineering led-innovation model, Downstream ‘farm-to-fork’ supply chain model, IoT or Big Data-led innovation model, Upstream marketplace model and .Downstream ‘farm-to-fork’ supply chain model. Apart from this, industry players and many new startups are now leveraging the technology for instance data digitization, SaaS, machine learning, data analytics, artificial intelligence, and Internet-of-Things (IoT) to make the agriculture industry more efficient.
Based on nature of services, India Agritech market is segmented as supply chain, precision farming, advisory & analytics, post harvest management & output market linkage, input market linkage & farming as a service and agri fintech. Precision farming, advisory & analytics include some startups such as Intello Labs, BharatAgri, FarmERP, Satsure Analytics, Fasal, Cropin, Agricx and Yuktix Technologies. Post harvest management & output market linkage includes some start-ups including Waycool, Farmlink, Samunnati Agro, Arya Collateral Crofarm, Ninjacart, Dehaat, Agrowave and others. Input market linkage & farming as a service includes some start-ups including EM3agriservices, Agrostar, Gold Farm, Thanos Technologies, Gramophone, Bighaat, Dehaat and others. Poultry & dairy tech includes some start-ups such as Stellapps, Mr. Milkman, Country Delight, Mooofarm, Eggoz, happy Cow Dairy, Milk Mantra and others. Additionally, Agri FIntech includes some startups such as Ergos, Farmart, Gramcover, Jai Kisan, Origo Finance, Samunnati Financial Intermediation & Services, Farmart, Aryadhan Financial Solutions, and others. In addition, based on region, market is segmented as Delhi NCR, Gujarat, Karnataka, Haryana, Telangana, Maharashtra, Tamil Nadu and others.
In India country, future of Agri-Tech industry is bright, which has one of the most cultivated land and country’s economy is also dependent on it. With major population in the rural area involved in the agriculture practice through various agri-tech startups, farmers can produce a huge amount of agricultural produce if cultivated & managed properly. Moreover, country’s climate and diverse geographical landscapes are favorable for high scope of agriculture. With an increase in start-ups emerging in the agri-tech space a sun awaits to help the farmers to increase the productivity & efficiency by using digitalization. With this lies a great opportunity of the change in the agriculture economy. Additionally, it can also decrease the wastage of water & food products owing to in adequate storage systems.
India Agritech Market (Basis Revenue):-
India Agritech Market Segmentations
By Nature of Services, FY’2019-FY’2020 (On the basis of Revenue)
Input Market Linkage & Farming as a Service (FaaS)
Supply Chain, Post Harvest Management & Output Market Linkage
Precision Farming, Advisory & Analytics
Agri Fintech
By Region (On the basis of No. of Agritech Startups)
Karnataka
Maharashtra
Delhi NCR
Haryana
Tamil Nadu
Telangana
Gujarat
Others
Agritech Startups Covered:-
Input Market Linkage & Farming as a Service (FaaS)
Agrostar
Dehaat
Gramophone
EM3 Agriservices
Gold Farm
Bighaat
Thanos Technologies
Supply Chain, Post Harvest Management & Output Market Linkage
Samunnati Agro
Ninjacart
Waycool
Arya Collateral
Dehaat
Farmlink
Crofarm
Agrowave
Precision Farming, Advisory & Analytics
Cropin
Satsure Analytics
Intello Labs
FarmERP
AgNext
BharatAgri
Yuktix Technologies
Fasal
Agricx
Agri Fintech
Samunnati Financial Intermediation & Services
Origo Finance
Ergos
Gramcover
Aryadhan Financial Solutions
Farmart
Jai Kisan
Poultry & Dairy Tech
Milk Mantra
Country Delight
Stellapps
Happy Cow Dairy
Eggoz
Mr. Milkman
Mooofarm
Key Target Audience:-
Agritech Companies
Input Manufacturing Companies
Venture Capital Firms
Independent Investors
Industry Associations
Rural Banks & NBFCs
Government and Regulatory Bodies
Time Period Captured in the Report:-
Historical Period: FY’2019-FY’2020
Forecast Period: FY’2021-FY’2025
Key Topics Covered in the Report:-
Agriculture Overview, Agri Exports from India & Productivity Scenario
Demand Analysis, Farmers’ Scenario & Pain Points of Farmers
Need Analysis of Entities in Agribusiness Value Chain
Overview and Genesis of India Agritech Industry
Agritech Operating Model & Services Offered
Trends and Growth Drivers in the Industry and Challenges Faced
India Agritech Market Size and Segmentations, FY’2019-FY’2020
Investment Analysis of Agritech Industry
Government Initiatives, Agri Reform Laws 2020 & Public Private Partnerships
Industry Porter’s Five Forces Analysis
Cross Comparisons between Agritech Players in Different Segments
Future Market Size and Segmentations, FY’2020-FY’2025F
Covid-19 Impact on the Industry, Future Trends & the Way Forward
Analyst’s Recommendations
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