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Fertilizing Machinery Market Size, Product Trends, Key Drivers, Share Analysis And Forecast To 2033

Fertilizing Machinery Market Size

Fertilizing Machinery Market Size

"The Business Research Company recently released a comprehensive report on the Global Fertilizing Machinery Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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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Market Drivers and Trends:

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.

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.

Key Benefits for Stakeholders:

• 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.

Major Key Players of the Market:

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

Fertilizing Machinery Market 2024 Key Insights:

• 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%.
• Elevated Global Food Crop Demand Fuels Growth In The Fertilizing Machinery Market
• Rising Popularity Of Fertilizer Drone Machines Revolutionizing The Fertilizing Machinery Market
• The Asia-Pacific was the largest region in the fertilizing machinery market in 2023

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Learn More About The Business Research Company
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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