Global Fertilizing And Plant Protection Equipment Market Size 2024, Forecast To 2033
6 Mar, 2024
The fertilizing and plant protection equipment market has experienced strong growth, escalating from $71.76 billion in 2023 to $76.79 billion in 2024, reflecting a compound annual growth rate (CAGR) of 7.0% during the historic period. This growth is associated with factors such as the rise in commercial farming, government subsidies and policies, environmental concerns, the increasing adoption of precision agriculture, and regulatory changes in pesticide usage. Moving forward, the fertilizing and plant protection equipment market is expected to sustain strong growth, projecting an increase to $97.81 billion in 2028, with a CAGR of 6.2%. The forecasted period is anticipated to see robust growth driven by a shift towards sustainable agriculture practices, the continued growth of precision agriculture, regulatory changes in pesticides, an increasing adoption of organic farming, and the integration of automation and AI. Noteworthy trends in the forecast period encompass the emergence of smart sensors, remote monitoring and control, increased efficiency in application techniques, advanced biological pest control, and a growing demand for customization.
Global Fertilizing And Plant Protection Equipment Market Key Driver
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.
Get A Free Sample Of The Global Fertilizing And Plant Protection Equipment Market ReportGlobal Fertilizing And Plant Protection Equipment Market 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
By Geography:The regions covered in the fertilizing and plant protection equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
Asia-Pacific was the largest region in the fertilizing and plant protection equipment market in 2023. The regions covered in the fertilizing and plant protection equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Fertilizing And Plant Protection Equipment Industry Players
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
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Fertilizing And Plant Protection Equipment 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.
Fertilizing And Plant Protection Equipment Global Market Report 2023 provides data on the global fertilizing and plant protection equipment market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The fertilizing and plant protection equipment market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.