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Fertilizing And Plant Protection Equipment Market Set to Reach $105.11 Billion by 2029 with 7% Yearly Growth
Fertilizing And Plant Protection Equipment Market Trends
The upward trend in worldwide food consumption and population growth is projected to fuel the expansion of the fertilizing and plant protection equipment industry in the future. The term global food consumption refers to the overall quantity of food and calories consumed by individuals. Fertilizing and plant protection equipment are utilized to safeguard plants and boost crop yields. For example, in May 2022, the United States Department of Agriculture, a US federal executive agency, reported that US food production had soared to 182.7 million hundredweight, with a 10% surge in imports projected to reach a record 38.0 million hundredweight in 2022. Consequently, the rising pattern in global food consumption and population will stimulate the growth of the fertilizing and plant protection equipment sector.
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What Is the projected market size and growth rate for the fertilizing and plant protection equipment market?
The market for fertilizing and plant protection equipment has seen robust growth in recent years. The market, which is estimated to be worth $76.2 billion in 2024, is projected to increase to $81.11 billion in 2025, representing a compound annual growth rate (CAGR) of 6.4%. Factors contributing to the growth during the historic period include an increase in commercial farming, government subsidies and policies, environmental concerns, the implementation of precision agriculture, and regulation of chemical pesticides.
The market size for the fertilizing and plant protection equipment is predicted to experience significant growth in the coming years, reaching "$105.11 billion by 2029, and expanding at a compound annual growth rate (CAGR) of 6.7%. The rise during the forecast period can be linked to movement towards sustainable agriculture, growth of precision agriculture, updates in pesticide regulations, the increasing popularity of organic farming, as well as the integration of automation and AI. Dominant trends during this projection period involve the rise of smart sensors, the ability to monitor and control remotely, improved application techniques, the development of advanced biological pest control, along with the growing demand for customization.
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What new trends are reshaping the fertilizing and plant protection equipment market and its opportunities?
Major enterprises in the market for fertilizing and plant protection equipment are advancing their product innovations, market penetration, and sustainable agricultural practices by leveraging strategic partnerships. This intercompany collaboration approach allows them to utilize each other's assets and strengths for shared success and benefits. An example is the partnership forged in September 2023 between John Deere, an American equipment manufacturer for the agriculture and construction sectors, and Yara International ASA, an American chemical firm. This collaboration aims to enhance fertilization efficiency, enabling farmers to augment their yields and optimize fertilizer use, thus, aligning their operations with the European Union's Farm to Fork Strategy objectives.
What major market segments define the scope and growth of the fertilizing and plant protection equipment market?
The fertilizing and plant protection equipment market covered in this report is segmented -
1) By Type: Planting Machinery, Fertilizing Machinery
2) By Product Type: Sprayers, Hand Operated Sprayers, Motorized Sprayers, Boom Sprayers, Airblast Sprayers, Aerial Sprayers, Dusters, Other Types
3) By Application: Horticulture, Farm, Other Applications
Subsegments:
1) By Planting Machinery: Seed Drills, Planters, Transplanters, Soil Preparers
2) By Fertilizing Machinery: Fertilizer Spreaders, Liquid Fertilizer Applicators, Fertilizer Injectors, Fertilizer Granulators
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Which region dominates the fertilizing and plant protection equipment market?
Asia-Pacific was the largest region in the fertilizing and plant protection equipment market in 2024. The regions covered in the fertilizing and plant protection equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the fertilizing and plant protection equipment industry growth?
Major companies operating in the fertilizing and plant protection equipment market include Deere & Company, CropMetrics LLC, Trimble Navigation Limited., CropX Inc., AgSmarts Inc., AgSense LLC, AGCO Corporation, Dickey-John Corporation, Monsanto Company, Ag Leader Technology Inc., Farmers Edge Inc., Geosys Holdings ULC, Granular Inc., Gro Intelligence Inc., Proagrica, Kubota Corporation, Mahindra & Mahindra Ltd., Kuhn S.A., Bucher Industries AG, Escorts Limited, Yanmar Co. Ltd., Iseki & Co. Ltd., Kverneland Group, Amazonen-Werke H. Dreyer GmbH & Co. KG, Fendt GmbH, Hardi International A/S, Horsch Maschinen GmbH, Lemken GmbH & Co. KG, Great Plains Manufacturing Inc., CNH Industrial America LLC
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What Is Covered In The Fertilizing And Plant Protection Equipment Global Market Report?
• Market Size Forecast: Examine the fertilizing and plant protection equipment market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the fertilizing and plant protection equipment market for a structured understanding.
• Key Players Overview: Analyze major players in the fertilizing and plant protection equipment market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the fertilizing and plant protection equipment market.
• Segment Contributions: Evaluate how different segments drive overall growth in the fertilizing and plant protection equipment market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the fertilizing and plant protection equipment market.
• Industry Challenges: Identify potential risks and obstacles affecting the fertilizing and plant protection equipment market.
• Competitive Landscape: Review strategic developments in the fertilizing and plant protection equipment market, including expansions, agreements, and new product launches.
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