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Rice Polisher Global Market Report 2024 - Rice Polisher Market Demand, Growth And Share Insights
Rice Polisher Market
According to The Business Research Company's, The rice polisher market size has grown strongly in recent years. It will grow from $1.3 billion in 2023 to $1.37 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to economic growth in rice-producing regions, mechanization in agriculture, improvements in rice quality standards, rise in rice consumption, modernization of rice mills..
The rice polisher market size is expected to see steady growth in the next few years. It will grow to $1.65 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to focus on quality and consistency, automation and efficiency, market demand for premium rice, investment in modern rice mills, precision polishing for different varieties.. Major trends in the forecast period include smart maintenance and predictive analysis, focus on user-friendly interfaces, rice processing automation lines, enhanced polishing techniques, mobile and remote monitoring capabilities..
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Market Drivers and Trends:
The rising rice consumption is expected to propel the growth of the rice polishers market going forward. Rice consumption refers to the amount of rice consumed by a population within a specific time frame measured in weight or volume. Rice polishers are used in rice mills and are involved in the rice processing steps to transform raw harvested rice into polished white consumable rice. For instance, in October 2021, according to United States Department of Agriculture, a US-based federal executive department, the global rice production was increased by 2.8 million tons to reach 510.7 million tons in 2021 and the rice consumption increased by 9.3 million tons to reach 512. million in 2021. Therefore, rising rice consumption is driving the growth of the rice polishers market.
Major companies operating in the rice polishers market are increasing their focus on developing innovative technologies, such as integrated intelligent solutions, to drive their revenues in the market. Integrated intelligent technologies refer to integrating various technologies, such as artificial intelligence, machine learning, and the Internet of Things (IoT), to create intelligent systems that can learn, adapt, and make decisions. For instance, in March 2021, Bühler Holding AG, a Switzerland-based equipment manufacturer for food, launched the first rollout of integrated rice mills for rice polishers. The integrated rice initial arrangement consists of a sorter, a whitener, and sensors. It combines machine learning and artificial intelligence to create a single intelligent, integrated system from standalone equipment for integrated rice mills. It helps in every rice and paddy production step, including pre-cleaning, storage, drying, rice hulling, polishing, and optical sorting.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
Muyang Co. Ltd., Yanmar Co. Ltd., MILLTEC Machinery Ltd., Bühler Holding AG, Gill Agro Industries, Pavan Group, Satake Corporation, Hubei Xianliang Machinery Co. Ltd., Osaw Industrial Products Pvt. Ltd., Hindustan Group, Alaska Multi Polymers Pvt. Ltd., Amar Industries, G.S. International, Tw Grandeur Machinery Co. Ltd., F.H. Schule Mühlenbau GmbH, Hunan Sunfield Machinery Co. Ltd., Hubei Yongxiang Grain Machinery Company Limited, Anhui Jietai Intelligent Technology Co. Ltd., Jiangsu Hexi Machinery Co. Ltd., Shandong Huanhai Group Co. Ltd., Wuhan Good Rain Machinery Co. Ltd., Zhengzhou Sida Agriculture Equipment Co. Ltd., Wuhan Yating Machinery Co. Ltd., Sichuan Wanma Machinery Manufacturing Co. Ltd., Lamico nty
Rice Polisher Market 2024 Key Insights:
• The Rice Polisher Market is expected to grow to$1.65 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%.
• The Role Of Rising Rice Consumption In Fueling The Growth Of The Rice Polishers Market
• Advancements In Integrated Intelligent Technologies Transforming The Rice Polishers Market
• Asia-Pacific was the largest region in the rice polishers market in 2023.
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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