Jul 28, 2020 11:00 AM ET
iCrowd Newswire – Jul 28, 2020
Market Research Future (MRFR) expects the India rice milling market 2020 to touch USD 392.6 million by 2022. MRFR also believes that the market can post a growth rate of 3.51% between 2016 and 2022 (review period), despite the COVID-19 impact. We will provide COVID-19 impact analysis with the report, offering detailed market developments following the coronavirus disease outbreak.
The leading industry firms listed in the market study are Savco Sales Pvt Ltd., Perfect Equipments, Mill Master Machinery Pvt Ltd., G.S International, Buhler Group, Patker Engineers, G.G. Dandekar Machine Works Ltd., Fowler Westrup, Satake Corporation, to mention a few.
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Top Drivers and Main Barriers
Rice mills in India have come to a halt since the COVID-19 outbreak, even though milling falls under the essential services category. The pandemic and the resultant lockdown are keeping workers away from factories, owing to the risk of the virus spread. Many of the rice milling companies in the country are dealing with challenges with respect to managing labor and logistics to ensure uninterrupted supply lines. Moreover, following the onset of SARS-CoV-2, rice exporters have been concerned with regard to the condition of the shipments that are on their way to overseas, leading to further revenue loss. Novel coronavirus has not only impacted the country’s health in general, but also the rice milling market, as various ports had to be closed down while crucial trade activities like couriers services and phytosanitary inspections have been banned.
However, the panic buying due to COVID-19 has been favorable for the India rice milling market, in addition to the supportive regulations and policies that promote set up of more rice mills. The Indian government is known for providing advanced facilities to the interest players that desire to make a presence in the market. This has been a huge opportunity for the rice milling equipment manufacturers, both Indian as well as global ones. Also, India’s demographics support the demand, with rice being a highly sought after food grain in the country’s agriculture. The terrain as well as monsoon across East India, South India and North India facilitates high production of rice of diverse qualities and grades, which can further benefit the market.
The technical advancements in rice processing equipment and the rising use of various advanced automation tools have been favorable for the India rice milling market. The rising focus of the country on research and development promote the use of innovative cultivation practices in organic farming, thereby inducing major growth in the India rice milling market. Another essential growth booster in the market can be the increasing upgradation of rice mills in the country to ensure higher production of better quality rice and recover higher amount of head rice ideal for export.
The India Rice Milling industry can be dissected with respect to equipment and capacity.
Equipment-based market segments are pre cleaner machinery, rice whitening machinery, length grader machinery, paddy separator machinery, and more. Between these, the highest growth in the market can be observed by the rice whitening machinery segment, as these equipment help bring down the amount of broken grains throughout the whitening process.
The market segmentation depending on the capacity covers 1 To 10 Ton, 10 To 20 Ton, and More than 20 Ton.
The India rice milling market can be regionally segregated into South India, North India, West India and East India.
The rice milling market in East India can gain at the fastest rate, with the leading states identified as Bihar, West Bengal, Assam and Odisha. However, the most lucrative market in this region can be West Bengal, as reports confirm that in 2015, the state’s annual rice production was 14,711.24 thousand tons, which is the highest in the region. Farming based on rice remains the key economic activity in the state, along with high focus on the enhancement of the rice production capacities, which make West Bengal a strong contender in the India rice milling market.
The North India market for rice milling is another formidable player, backed by the agricultural state of Punjab, Jammu & Kashmir, Haryana, Madhya Pradesh and Uttar Pradesh. The region consists of a huge number of rice mills in organized as well as unorganized industries. Also, thanks to the favorable climate and the escalating consumer demand for rice as well as food security, the market in this region can note further growth during the appraisal period.
Study Objectives of India Rice Milling Market:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the automotive gear market
- To provide insights about factors affecting the market growth
- To analyze the India Rice Milling market based on tools such as Porter’s Five Forces Analysis
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies, North India, South India, East India and West India.
- To provide country level analysis of the market for segment by type, application and sub-segments
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the India Rice Milling market
- Research Institute / Education Institute
- Potential Investors
Product matrix which gives a detailed comparison of the market for different recycled product types
- Regulatory Landscape
- Pricing Analysis
- Macroeconomic Indicators
- Geographical analysis across 15 countries
- Profiling of 10 key market players
- In-depth analysis including SWOT analysis, and strategy information of related to report title
- Competitive landscape including emerging trends adopted by major companies
The report for India Rice Milling Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions
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Keywords: India Rice Milling Market