Press release
Agriculture Sprayers Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
The agriculture sprayers market size has grown strongly in recent years. It will grow from $2.65 billion in 2023 to $2.88 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to increase in global population, government subsidies and support, expansion of the agriculture industry, increased focus on organic farming, economic growth.The agriculture sprayers market size is expected to see strong growth in the next few years. It will grow to $3.99 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to growing food demand, rising awareness about the importance of crop protection, rise in e-commerce, rise in disposable income. Major trends in the forecast period include smart and autonomous sprayers, organic and sustainable spraying, drones for spraying, iot integration, multi-function sprayers.
Market Overview -
Agricultural sprayers refer to a unique kind of farm machinery called an agricultural sprayer that sprays liquid nutrients and insecticides onto plants during the crop growing cycle. The agriculture sprayers are used for applying water and chemical solutions containing acids or caustic materials for pest-control or crop performance.
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Rising Focus On Farm Efficiency And Productivity Drives Growth Of Agriculture Sprayers Market
The increase in focus on farm efficiency and productivity is expected to propel the growth of the agriculture sprayers market going forward. Farm efficiency refers to a measure of comparison of the yield of all crops on a given farm with the average yields of crops in the locality, whereas productivity is calculated as the ratio of agricultural outputs to inputs. Agriculture sprayers help increase farm efficiency and productivity, including reduced costs, improved spray efficiency, safety, and less harm to crops and the environment. For instance, according to the Indian budget, a division of the Ministry of Finance, Government of India, long-term trends indicate that the agriculture sector's share of the economy's overall GVA is around 18%, and the percentage of the agriculture and allied sectors in the total GVA increased to 20.2% in 2020-21. Therefore, an increase in focus on on-farm efficiency and productivity is driving the growth of agriculture sprayers market.
Competitive Landscape -
Major companies operating in the agriculture sprayers market include John Deere, CNH Industrial N.V., Kubota Corporation, Mahindra & Mahindra Limited, Andreas Stihl AG & Co. KG., Agco Corporation, AMAZONEN-WERKE H. DREYER SE & Co. KG, Buhler Industries Inc., Hardi International A/S, HORSCH Maschinen GmbH, Bateman Sprayers, Househam Sprayers Ltd., Sam Sprayers, Stahly Applicators Inc., A1 Mist Sprayers, Ace Pumps, Banjo Corp, Chapin Sprayers, Delavan Limited, Dura Products, Enduraplas, Everflo Pumps, Greenleaf, Hypro, John Blue Pumps, Master Sprayers, Norwesco, The J.M. Smucker Company, TeeJet Technologies, Valley Vision Works, GVM Incorporated, Global Unmanned Spray System AG, Jacto Inc., Excel Industries, H.D. Hudson Manufacturing Company, Equipment Technologies Inc., RBR Enterprise, Precision Tank, New Holland, Microtrak Inc., Schuneman Equipment Co., ABOLLO AGRICULTUAL MACHINERY CO., AGRICOLMECCANICA Srl
Innovative Agricultural Equipment Adoption In Agriculture Sprayers Market
The increase in the adoption of innovative agricultural equipment has emerged as a key trend in the agriculture sprayers market. Major companies operating in the agricultural sprayer market are developing innovative agricultural equipment to strengthen their position in the market. For instance, in March 2021, GUSS Automation, a US-based agricultural machinery manufacturer, launched an autonomous orchard sprayer to increase efficiency and precision and keep their crews safer. GUSS uses a unique combination of LiDAR, GPS, and the latest technology to autonomously roll through the orchard, spraying each tree with precision and efficiency.
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Key Segments -
The agriculture sprayers market covered in this report is segmented -
1) By Type: Handheld, Self-Propelled, Low HP, Medium HP, High HP, Tractor-Mounted, Trailed, Aerial
2) By Nozzle Type: Hydraulic Nozzle, Gaseous Nozzle, Centrifugal Nozzle, Thermal Nozzle
3) By Capacity: Ultra-Low Volume, Low Volume, High Volume
4) By Power Source: Fuel-Based, Electric and Battery-Driven, Solar, Manual
5) By Usage: Field Sprayers, Orchard Sprayers, Gardening Sprayers
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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