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Rising Global Food Consumption And Population Growth Fueling The Demand For Fertilizing And Plant Protection Equipment: Core Growth Enabler in the Fertilizing And Plant Protection Equipment Market, 2025
Fertilizing And Plant Protection Equipment Market
What Will the Fertilizing And Plant Protection Equipment Industry Market Size Be by 2025?
In previous years, there has been a robust growth in the size of the market for fertilizing and plant protection equipment. The market, currently valued at $76.2 billion in 2024, is predicted to increase to $81.11 billion in 2025, a surge indicative of a compound annual growth rate (CAGR) of 6.4%. Several factors have spurred the growth within the historical period, including the proliferation of commercial farming, government policies and subsidies, heightened environmental consciousness, the incorporation of precision agriculture, and regulation of chemical pesticides.
What's the Long-Term Growth Forecast for the Fertilizing And Plant Protection Equipment Market Size Through 2029?
The market size for fertilizing and plant protection equipment is projected to witness substantial growth in the upcoming years, expanding to "$105.11 billion by 2029 with a compound annual growth rate (CAGR) of 6.7%. The anticipated growth during the forecast period can be credited to the shift towards sustainable agriculture, expansion of precision agriculture, alterations in pesticide regulations, growing embracement of organic farming, as well as implementation of automation and AI. Key trends expected in the forecast period incorporate the development of smart sensors, remote supervision and control, application technique efficiency, advanced biological pest management, and a rising demand for customization.
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What Are the Key Growth Drivers Fueling the Fertilizing And Plant Protection Equipment Market Expansion?
The rise in worldwide food intake and population growth is anticipated to spur the expansion of fertilizers and plant protection equipment in the future. Global food consumption is defined as the aggregate food and caloric intake of individuals. These equipment aid in safeguarding plants and boosting crop yield. For example, the US Department of Agriculture, a federal executive body from the United States, reported in May 2022 that US food production had reached 182.7 million hundredweight, with imports having risen by 10%, predicted to hit a record of 38.0 million hundredweight in 2022. Therefore, the increase in global consumption and population would fuel the market for fertilizers and plant protection devices.
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What Are the Key Trends Driving Fertilizing And Plant Protection Equipment Market Growth?
The fertilizing and plant protection equipment market is seeing strategic partnerships as a path to product innovation. In September 2023, US-based John Deere joined forces with Yara International ASA to boost fertilizer efficiency and support the EU's Farm to Fork Strategy, helping farmers increase yields with smarter fertilization practices.
How Is the Fertilizing And Plant Protection Equipment Market Segmented?
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 Companies Are Leading the Charge in Fertilizing And Plant Protection Equipment Market Innovation?
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
Which Regions Are Leading the Global Fertilizing And Plant Protection Equipment Market in Revenue?
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
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