Plot Seeders Market Growing at Steady CAGR to 2026
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Increasing demand for advanced products in the agriculture sector is one of the major driving factors for growth of the market
Rising population base worldwide has led to increasing demand for crop yields and food products. Therefore, demand for better and efficient agriculture equipment has also increased. Furthermore, farmers are adopting new technologies, in order to increasing the yield of crops without wastage of seed. Moreover, demand for higher quality food products is increasing, which has forced farmers towards adoption of new technology for farming. This, in turn, helps in increasing the production of food along with the more variety, consistency, and year-round availability. At the same time, governments are also encouraging farmers to adopt new technologies as it help in conserving natural resources and limit environmental pressures. Therefore, technological advancement will positively help in increasing agricultural productivity and promoting agriculture development in all countries.
Lack of awareness among farmers in emerging countries is one of the key challenges for growth of the market
Farmers in emerging economies such as India and Indonesia still rely on conventional farming techniques, as they are do not have the knowledge about the new techniques. Another reason for low or no adoption of these technologies is that the cost associated with techniques is very high, which is not affordable. Moreover, economic uncertainties in some of the regions and decrease in agriculture output, due to utilization of conventional techniques in farming is expected to hamper growth of the market.
Plot Seeder Market: Regional Insights
On the basis of region, the global plot seeder market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is expected to account for the dominant position in the market during the forecasted period. Maximization of crop productivity by adopting new techniques such as crop sensors, air spray seeder, robots, and many more, rising demand of agriculture production, growing concern for increasing productivity of farmers are some of the factors that will help in fuelling growth of the plot seeder market in this particular region For instance, according to the United States Food and Agriculture Organization, the global cereal consumption was 38 million tonnes in 2016 and was increased by 1.5% in 2017. Moreover, the U.S. government also started supporting the farmers in terms of providing the facility of loans, rental facility that helps them to purchase new equipment, which would increase production of crops by minimizing wastage of seeds. This will be another factor for the increase in adoption of plot seeder machine Moreover, government authorities are also conducting training programs for famers, in order to increase awareness about benefits of using advanced technology in farming For instance, in February 2015, U.S. Department of Agriculture (USDA) had invested approximately US$ 18 million for conducting training programs for farmers.
Asia Pacific is expected to exhibit high growth during the forecasted period. This owing to increasing population in countries such as India and China, where high percentage of population focuses on farming to earn their livelihood. Factors such as high rate of adoption of new technologies so that the productivity of farm operations can be improved and costs can be cut down, booming economy and rise in food demand is expected to drive this industry’s growth in the region. Therefore, strong economic growth in emerging economies such as China, India, and the Middle Eastern is projected to further drive demand for plot seeder in the agriculture sector.
Global Plot Seeder Market: Competitive Insights
Key players operating in the global plot seeder market are Almaco, APV – Technische Produkte GmbH, Blount International, Woods Equipment, Duro France, Inc., Haldrup Gmbh, Jaulent Industrie, Land Pride, Novag, Wintersteiger AG, and Zurn Harvesting GmbH & Co. KG.
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