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Fertilizing Machinery Market Analysis 2023: Market Growth Rate, Competitive Landscape And Top Opportunities
Fertilizing Machinery Market
The Business Research Company's Fertilizing Machinery Global Market Report 2023 identifies High demand for food crops across as the major driver for the Fertilizing Machinery market's growth in the forecast period.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 fertilizing machinery market size has grown strongly in recent years. It will grow from $14.54 billion in 2023 to $15.72 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. It will grow to $20.84 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%.
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Major competitors in the Fertilizing Machinery market are Deere and Company, Kuhn Group, AGCO Corporation, Kubota Corporation, Lanco Corporation, CNH Industrial NV.
A key trend in the Fertilizing Machinery market includes launch of fertilizer drone machines. Fertilizer drone machines can be used for the fertilization of crops such as rice, wheat, vegetables, seeding, flowers, and others. It can also reduce the use of pesticides by 20% compared to manual operations, greatly reduce operating time, reduce the cost of growers, and increase spraying accuracy. For instance, in 2021, Da-Jiang Innovations (DJI) launched DJI AGRAS T20, an agriculture drone with an upgraded spraying system. The DJI AGRAS T20 can carry a maximum payload of 20kg, and the layout of the nozzles has been optimized to improve the uniformity of spray droplets by 20%.
Read More On The Global Fertilizing Machinery Market Report Here:
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The Fertilizing Machinery market is segmented -
By Product Type: Fertilizer Dryers, Fertilizer Screening Machines, Fertilizer Crushers, Fertilizer Granulators, Fertilizer Mixers
By Disc Type: Single Disc Fertilizer Spreaders, Double Disc Fertilizer Spreaders
By Application: Agriculture, Forestry, Greenbelt, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Fertilizing Machinery market.
The Business Research Company's "Global Fertilizing Machinery Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Fertilizing Machinery Market Include:
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
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