The Fertilizing Machinery Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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As per The Business Research Company’s insightful analysis in the Fertilizing Machinery Global Market Report 2024, the robust expansion of the fertilizing machinery sector is notable in recent times. Anticipated to ascend from $14.54 billion in 2023 to a commendable $15.72 billion in 2024, the market is poised for a noteworthy Compound Annual Growth Rate (CAGR) of 8.1%. This surge during the historical period finds its roots in agricultural trends, population upsurge, adherence to environmental regulations, and economic dynamics.
Projections for the forthcoming years signal a formidable trajectory, with the fertilizing machinery market size projected to burgeon to $20.84 billion by 2028, boasting a CAGR of 7.3%. The prospective growth is intricately linked to imperatives of sustainability and environmental consciousness, escalating global food requirements, governmental incentives, evolving regulatory frameworks, shifting agricultural methodologies, and the pervasive impact of climate change and weather variability. Integral trends in the forecasted period encompass cutting-edge technological strides, market consolidation, the advent of autonomous and AI-driven machinery, the integration of Variable Rate Technology (VRT), and seamless collaboration with other agricultural equipment.
High demand for food crops across the globe is expected to contribute to the growth of the fertilizing machinery market. The expanding agriculture sector is driving the need for fertilizer machines to improve crop growth. According to the Second Advance Estimates for 2021-22, the overall estimated food grain production in India was 316.06 million tons. The total production of rice during 2021-22 was estimated to be 127.93 million tons. Furthermore, the total production of Nutri/coarse cereals was estimated at 49.86 million tons. The rising demand for high-yield food crops to meet the global food demand is inducing the growth of the fertilizing machinery market.
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The fertilizing machinery market covered in this report is segmented –
1) By Product Type: Fertilizer Dryers; Fertilizer Screening Machines; Fertilizer Crushers; Fertilizer Granulators; Fertilizer Mixers
2) By Disc Type: Single Disc Fertilizer Spreaders; Double Disc Fertilizer Spreaders
3) By Application: Agriculture; Forestry; Greenbelt; Other Applications
Top 5 Major Players:
The fertilizing machinery market report table of contents includes:
1. Executive Summary
2. Fertilizing Machinery Market Characteristics
3. Fertilizing Machinery Market Trends And Strategies
4. Fertilizing Machinery Market – Macro Economic Scenario
5. Global Fertilizing Machinery Market Size and Growth
…..
31. Global Fertilizing Machinery Market Competitive Benchmarking
32. Global Fertilizing Machinery Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Fertilizing Machinery Market
34. Fertilizing Machinery Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Fertilizing Machinery Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Fertilizing Machinery Market, Segmentation By Disc Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Fertilizing Machinery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 74: Deere and Company Financial Performance
Table 75: Kuhn Group Financial Performance
Table 76: AGCO Corporation Financial Performance
Table 77: Kubota Corporation Financial Performance
Table 78: Lanco Corporation Financial Performance
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