Overview and Scope
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.
Sizing and Forecast
The fertilizing and plant protection equipment market size has grown strongly in recent years. It will grow from $71.76 billion in 2023 to $76.79 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to rise in commercial farming, government subsidies and policies, environmental concerns, precision agriculture adoption, chemical pesticide regulation..
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..
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Segmentation & Regional Insights
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
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
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The fertilizing and plant protection equipment market report table of contents includes:
1. Executive Summary
2. Fertilizing And Plant Protection Equipment Market Characteristics
3. Fertilizing And Plant Protection Equipment Market Trends And Strategies
4. Fertilizing And Plant Protection Equipment Market – Macro Economic Scenario
5. Global Fertilizing And Plant Protection Equipment Market Size and Growth
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31. Global Fertilizing And Plant Protection Equipment Market Competitive Benchmarking
32. Global Fertilizing And Plant Protection Equipment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Fertilizing And Plant Protection Equipment Market
34. Fertilizing And Plant Protection Equipment Market Future Outlook and Potential Analysis
35. Appendix
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