Press release
Fertilizing and Plant Protection Equipment Market to Grow to $97.81 Billion by 2028 within Forecast period 2024-2033, Fueled by Global Food Demand
Fertilizing and Plant Protection Equipment Market Report
The fertilizing and plant protection equipment market size is expected to see strong growth in the next few years. It will grow to $97.81 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to shift towards sustainable agriculture, precision agriculture growth, regulatory changes in pesticides, increasing adoption of organic farming, automation and ai integration. Major trends in the forecast period include emergence of smart sensors, remote monitoring and control, efficiency in application techniques, advanced biological pest control, demand for customization.
Market Overview -
Fertilizing and plant protection equipment refer an equipment that are used to save crops from insects and weeds and protects from diseases. Fertilizing and plant protection equipment is used to increase the nutrients in the soil and protect the crops from pests.
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Rising Global Food Consumption And Population Growth Fueling The Demand For Fertilizing And Plant Protection Equipment
Inclination in global food consumption and population is expected to propel the growth of fertilizing and plant protection equipment going forward. The global food consumption refers to the total amount of food and calories that are consumed by people. Fertilizing and plant protection equipment are used for plant protection and enhancing the yield of crops. For instance, according to the United Nations Conference on Trade and Development, a Switzerland-based intergovernmental organization, the world population grew by 0.9% in 2021 and is expected to surpass 8 billion in 2022. Furthermore, in May 2022, the United States Department of Agriculture, a US-based federal executive department, the US food production reached 182.7 million hundredweight with an increase in imports by 10% projected at a record 38.0 million hundredweight in 2022. Therefore, the inclination in global food consumption and population will drive the fertilizing and plant protection equipment market.
Competitive Landscape -
Major companies operating in the fertilizing and plant protection equipment market report are Deere & Company, CropMetrics LLC, Trimble Navigation Limited., CropX Inc., AgSmarts Inc., AgSense LLC, AGCO Corporation, Dickey-John Corporation, Monsanto Company, Ag Leader Technology Inc., Farmers Edge Inc., Geosys Holdings ULC, Granular Inc., Gro Intelligence Inc., Proagrica, Kubota Corporation, Mahindra & Mahindra Ltd., Kuhn S.A., Bucher Industries AG, Escorts Limited, Yanmar Co. Ltd., Iseki & Co. Ltd., Kverneland Group, Amazonen-Werke H. Dreyer GmbH & Co. KG, Fendt GmbH, Hardi International A/S, Horsch Maschinen GmbH, Lemken GmbH & Co. KG, Great Plains Manufacturing Inc., CNH Industrial America LLC
Technological Advancements Transforming The Landscape Of Fertilizing And Plant Protection Equipment Market
Technological advancements are a key trend gaining popularity in the fertilizing and plant protection equipment market. Major companies in the fertilizing and plant protection equipment market are developing new and innovative agricultural technologies to strengthen their position in the market. For instance, in October 2021, Greeneye Technology, an Israel-based agriculture and crop protection technology company, launched a unique AI-enabled precision spraying technology. This technology can detect and spray weeds accurately, help reduce chemical usage in agriculture, and increase productivity and profitability for farmers. It is uniquely designed with precision spraying technology that ensures precision spraying at the travel speed of broadcast spraying - 20 km/h with no reduction in productivity for farmers.
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Key Segments -
The fertilizing and plant protection equipment market covered in this report is segmented -
1) By Type: Planting Machinery, Fertilizing Machinery
2) By Product Type: Sprayers, Hand Operated Sprayers, Motorized Sprayers, Boom Sprayers, Airblast Sprayers, Aerial Sprayers, Dusters, Other Types
3) By Application: Horticulture, Farm, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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