India Organic Farming Market to Witness Significant Growth During Forecast Periodby TechSci Research Market Research Reports
Increasing adoption of sustainable agricultural practices coupled with modern farming methods to drive the growth of India organic farming market
According to TechSci Research report, “India Organic Farming Market By Type (Pure Organic Farming v/s Integrated Organic Farming), By Method (Crop Rotation, Polyculture, Mulching, Cutting, Composting, Weed Management, Soil Management, Others), By Land Area (Up to 1 Hectare, 1.1-5 Hectare, 5.1-10 Hectare, 10.1-30 Hectare), By Ownership (Contract Farming v/s Inhouse), By Crop Type (Oilseeds & Pulses, Cereals & Grains, Fruits & Vegetables, Others), By Region, Forecast & Opportunities, FY2026”, the India organic farming market is expected to grow at an impressive rate during the forecast period on account of the increasing awareness pertaining to environment and health concerns among the population. This practice eliminates the use of harmful chemicals, fertilizers and pesticides. This in turn maintains environmental safety and safeguards the human health from the impact of these toxic chemicals, which in turn is expected to fuel the market growth through FY2026. Additionally, organic farming ensures long term soil fertility, maintains crop diversity and requires less water. These advantages are increasing the popularity and adoption of organic farming practices in the country. Furthermore, growing popularity and demand of organic food items is expected to foster the market growth over the next few years. Also, organic food is rich in vitamins, minerals, enzymes, among others. This in turn has increased the demand for organic food, thereby triggering need for organic farming. However, high costs and less productivity associated with organic farming might hamper the market growth during the forecast period. Moreover, increasing incidences of pest and insect attack might hamper the market growth through FY2026. Also, certification system associated with organic products is quite cumbersome and tedious. This might further hamper the market growth during the forecast period.
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The India organic farming market is segmented based on type, method, land area, ownership, crop type, company and region. Based on method, the market can be fragmented into crop rotation, polyculture, mulching, cutting, composting, weed management, soil management and others. Here, the weed management segment is expected to dominate the market since it promotes weed suppression rather than elimination by enhancing crop protection and casting phytotoxic effects on weeds. Based on crop type, the market can be categorized into oilseeds & pulses, cereals & grains, fruits & vegetables and others. Here, the cereals & grains segment is expected to dominate the market on account of the growing demand for these by the country’s ever-increasing population. The fruits & vegetables segment is expected to register highest growth in the market owing to the increasing health conscious population. Additionally, increasing export of fruits & vegetables is expected to further drive the segmental growth.
Indian Organic Farmers Producer Company (IOFPC), ZUWA Organic Farms Pvt Ltd, Amalgamated Plantations Pvt Ltd, Camson Biotechnologies Limited, Rapid Organic Pvt Ltd, Agriculture & Organic Farming Group, Coromandel International Ltd, Mother India Farms, Samruddhi Organic Farm (I) Pvt. Ltd., Smur Agro Ventures and others are some of the leading players operating in India organic farming market.
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“India organic farming market is expected to grow at a formidable rate during the forecast period. This can be ascribed to the widespread production, consumption, and export of organic food items. Additionally, various subsidies offered by the government on use of organic fertilizers and pesticides is further expected to fuel the growth of organic farming market through FY2026. Furthermore, India is home to 30% of the world’s organic farmers and Sikkim was recognized as the first organic state of India. This has increased organic farming practices in the North-East region, which in turn is expected to create lucrative opportunities for the market growth during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Organic Farming Market By Type (Pure Organic Farming v/s Integrated Organic Farming), By Method (Crop Rotation, Polyculture, Mulching, Cutting, Composting, Weed Management, Soil Management, Others), By Land Area (Up to 1 Hectare, 1.1-5 Hectare, 5.1-10 Hectare, 10.1-30 Hectare), By Ownership (Contract Farming v/s Inhouse), By Crop Type (Oilseeds & Pulses, Cereals & Grains, Fruits & Vegetables, Others), By Region, Forecast & Opportunities, FY2026”,has evaluated the future growth potential of India organic farming market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India organic farming market.
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Source : TechSci Research
Created on Jul 8th 2020 11:00. Viewed 105 times.