Fertilizing Machinery Market Outlook Report 2024-2033 | Size, Trends, Analysis, Insights, Overview

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Fertilizing Machinery Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $20.84 billion In 2028 At A CAGR Of 7.3% :

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%. The growth in the historic period can be attributed to agriculture trends, population growth, environmental regulations, economic factors.

The fertilizing machinery market size is expected to see strong growth in the next few years. It will grow to $20.84 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to sustainability and environmental concerns, increasing global food demand, government incentives and regulations, changing farming practices, climate change and weather variability. Major trends in the forecast period include technological advancements, market consolidation, autonomous and ai-driven machinery, variable rate technology (vrt), integration with other farming equipment.

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Fertilizing Machinery Market Major Segments
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

Key Driver - Elevated Global Food Crop Demand Fuels Growth In The Fertilizing Machinery Market

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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Prominent Trend - Rising Popularity Of Fertilizer Drone Machines Revolutionizing The Fertilizing Machinery Market

The launch of fertilizer drone machines is gaining popularity in the fertilizing machinery market. 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% and the spray width by seven meters. This improved form of system is designed for various applications, such as grassland reseeding, granular fertilizer spreading, and the spreading of feed for fish and shrimp.

Fertilizing Machinery Market Players
Major companies operating in the fertilizing machinery market include Deere and Company, Kuhn Group, AGCO Corporation, Kubota Corporation, Lanco Corporation, CNH Industrial NV, Mahindra Tractors, Simonsen Industries Inc., Crump Spreaders Australia, Salford Group Inc., Great Plains Manufacturing Inc., Dawn Equipment Company Inc., Yetter Manufacturing Company Inc., Bourgault Industries Ltd., Horsch Maschinen GmbH, Hardi International A/S, John Shearer Pty. Ltd., Morris Industries Ltd., Vaderstad-Verken AB, Kverneland Group, Amazone Ltd., Bogballe A/S, Rauch Landmaschinenfabrik GmbH, Sulky-Burel SAS, Vicon Industries Inc., Chandler Equipment Inc., Adams Fertilizer Equipment, Dalton Ag Products, Doyle Equipment Manufacturing Co., Newton Crouch Company LLC, RBR Enterprise, Willmar Fabrication LLC, GT Bunning and Sons Ltd, Cosmo Srl, Fimco Industries, Gandy Company

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Largest And Fastest Growing Region In The Market
The Asia-Pacific was the largest region in the fertilizing machinery market in 2023. North America was the second largest region in the fertilizing machinery market analysis. The regions covered in the fertilizing machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Fertilizing Machinery Market Report Structure
3. Fertilizing Machinery Market Trends And Strategies
4. Fertilizing Machinery Market - Macro Economic Scenario
5. Fertilizing Machinery Market Size And Growth
…..
27. Fertilizing Machinery Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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