India Seed Market Analysis, Opportunity, Growth, Size, Share, Trends and Forecast
Growing population, increasing production of food grains coupled with rising awareness among farmers about the usage of quality seeds to propel the demand for seeds in India through 2023. According to TechSci Research report, “India Seed Market By Product Type, By Crop Type, By Availability, By Sales Channel, Competition Forecast & Opportunities, 2013-2023’’ , India seed market is forecast to reach around $ 8 billion by 2023, primarily on the back of continuously increasing total food grain production in the country. The Important Elements of the India Seed Market Favorable government policies and initiatives such as Paramparagat Krishi Vikas Yojana (PKVY), Mission on Agricultural Extension and Technology (NMAET), National Food Security Mission, and National Policy for Farmers (NPF) are likely to propel the demand for seeds in the country over the next five years. Furthermore, a hike in the minimum support price for crops by 1.5% in th...