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Grain Processing Equipment Market 2024 Competitive Landscape, Industry Analysis, Segmentation And Forecast To 2033
Grain Processing Equipment Market
As per the report, the grain processing equipment market size has grown strongly in recent years. It will grow from $4.86 billion in 2023 to $5.22 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The grain processing equipment market size is expected to see strong growth in the next few years. It will grow to $6.62 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%.
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Rising Global Population Fuels Growth In The Grain Processing Equipment Market
The growing population is expected to drive the growth of the grain processing equipment market going forward. The increase in population has a direct influence on the increase in food and beverage consumption, resulting in increased demand for grain-based products. For example, according to the United Nations World Population Prospects, the world population reached 7.87 billion in July 2021 and is estimated to be more than 9 billion by 2037. Similarly, according to The Economic Times report, India's foodgrain production is estimated to rise 3.74% to a new record of 308.65 million tonnes in the crop year 2020-2021. Therefore, the growing population propels the growth of the grain processing equipment market.
Near-Infrared (NIR) Spectroscopy Revolutionizes Grain Processing Equipment Market
The application of near-infrared (NIR) spectroscopy is one of the rising trends in the grain processing equipment market. NIR spectroscopy has huge potential for agricultural applications such as grain production, as it is used to measure protein levels and the equivalent nitrogen values in grains and can also be used to manage plant health, detect diseases, and monitor grain development. For example, in April 2021, BoMill AB, a Sweden-based machinery company, installed its NIR-T technology grain sorter IQ in JSC Metelitca's pre-cleaning grain processing plant. Using this technology, JSC Metelitca, a grain processing, and production company, can be able to provide high-quality grain products using this technology.
The grain processing equipment market covered in this report is segmented -
1) By Machine: Pre Processing, Processing
2) By Technology: Automatic, Semi-Automatic
3) By Application: Cleaning, Grading, Handling, Coaters, Dryers
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Major companies operating in the grain processing equipment market include Alvan Blanch Development Company Limited, Osaw Agro Industries Private Limited, WESTRUP A/S, Golfetto Sangati S.r.l., PETKUS Technologie GmbH, Lewis M. Carter Manufacturing LLC., Satake USA Inc., Forsberg Agritech Pvt. Ltd., Lianyungang Huantai Machinery Co. Ltd., Zhengzhou VOS Machinery Equipment Co. Ltd., Corbion NV, Monsanto Company, Ganesh Engineering Works, Bühler AG, Satake Corporation, Ag Growth International Inc., Cimbria A/S, Grain Systems Inc., Hefei Taihe Optoelectronic Technology Co. Ltd., Milltec Machinery Pvt Ltd, Muyang Holdings Co. Ltd., Seedburo Equipment Company Inc., Synmec International Trading Ltd., Walinga Inc., Akyurek Technology, ArrowCorp Inc., Bratney Companies, Crippen Northland Superior Supply Co. Inc., Flaman Group of Companies, Grain Cleaning LLC, Nor-Ag Ltd., Oliver Manufacturing Co. Inc.
Contents of the report:
1. Executive Summary
2. Grain Processing Equipment Market Report Structure
3. Grain Processing Equipment Market Trends And Strategies
4. Grain Processing Equipment Market - Macro Economic Scenario
5. Grain Processing Equipment Market Size And Growth
…..
27. Grain Processing Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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