Expected Key Trends that can change the Future of Agriculture in India

profile picture BookMyCrop Apr 05, 2022

Privatisation, liberalisation, and globalisation changes had a faster impact on the inputs market.

All of the limits in agriculture make productivity and return complicated, but India's agriculture sector still has a lot of untapped potentials.

BookMyCrop is one of the most prevalent and distinct agriculture companies in India, offering an advanced platform that connects Indian farmers and buyers for the agricultural trade.

Many individuals, big companies, startups, and entrepreneurial ventures are attracting a lot of investments in inventions, innovations, R&D, and other aspects of the business due to favourable weather and condition of the soil, various fiscal incentives, untapped opportunities, as well as high demand for food provided by the government for inputs, production infrastructure, availability of cheap credit facilities, and marketing and export promotion.

Expected Key Trends:

If you are looking for the most popular and excellent online agriculture companies in India, BookMyCrop is the best choice for you.

  1. Changing demand as a result of rising earnings, globalisation, and increased health consciousness is affecting and will continue to affect production in the future. Fruits and vegetables, dairy products, seafood, and meat will all see an increase in demand in the future.
  2. There will be increased research, technological advancements, and protected growing of high-value greens and other vegetables. Processed and low-cost high-quality items will be in higher demand.
  3. There will be more competition among private companies to provide innovative products, better seeds, fertilisers, plant protection chemicals, customised farm machinery, and animal feed, among other things, in cost-effective ways at competitive prices, allowing farmers to get a better return on their investment. Biotechnology and breeding will be critical in the development of environmentally friendly, disease-resistant, climate-resilient, more nutritious, and tasty crop types.
  4. Some technologies will become more widespread and extensively used in the future, and some will mature quickly while others will take longer. To produce the same items in a different way, prudently using resources and incorporating new resources such as hydroponics and the use of plastics and bioplastics in production. There will be more vertical and urban farming, as well as long-term initiatives to identify new producing places such as barren deserts and seas.

    If you are looking for the most popular and excellent online agriculture companies in India, BookMyCrop is the best choice for you.
     
  5. Precision farming will be focused on exact application inputs in agriculture, including soil testing-based decisions and automation using artificial intelligence. Sensors and drones will be deployed in a cost-effective manner to ensure precision, quality, and the environment.
    Small and marginal farmers will also benefit from new technologies, thanks to business players, government agencies, and farmer-producer cooperatives (FPO). Farmers' lives can be made easier and more fascinating with the use of GPS technology, drones, robots, and other devices controlled by smartphones. Agriculture will become more profitable, simple, and ecologically friendly as a result of these modern technologies.
  6. Nanotechnology will be used to improve food quality and safety, and efficient input use will be possible in the near future. In agriculture, nanomaterials will reduce chemical waste, minimise nutrient losses in fertilisation, and be used to boost output through insect and nutrient management. IFFCO has already conducted successful nano-fertilizer tests.
  7. India's digital connectivity has greatly improved, and market access has gotten easier. In 2025, the number of internet users is expected to rise to 666.4 million. Farmers will act more intelligently with mobile phones in their hands and will be more aware of and connected to many stakeholders. The government will make extensive use of digital technology to raise farmer awareness, share information, and implement government initiatives that leverage digital technology for direct money transfers.
  8. The government, rural communities, agricultural entrepreneurs, and commercial businesses will all be working harder to save rapidly decreasing water resources. The application of digital technology has the potential to revolutionise this field. Satellites, IoT, and drones will be used to collect data on soil health, crop area, and yield, which will reduce costs for insurers by improving estimations and making the system more precise and effective.
  9. There will be more speciality marketers in operations, area, and crop-specific small equipment, making operations easier and more efficient even on small farms.
    Food waste will be reduced, and more waste products will be used in agriculture. The number of private-sector warehouses will grow, as will the number of links between government and private-sector warehouses. This will aid in the balancing of supply and demand in the market, as well as the stabilisation of agri-output prices.
  10. Agriculture retailing will be largely digitalized. According to research, by 2025, over 90% of Kirana stores nationwide will be digitalized, with contemporary traceable logistics and a transparent supply chain. Many players, including Amazon and Jio Mart, have already brought Kirana stores to consumers' homes.

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