Fertilizing And Plant Protection Equipment Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
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LONDON, GREATER LONDON, UK, August 23, 2024 /EINPresswire.com/ -- The fertilizing and plant protection equipment market has experienced robust growth in recent years, expanding from $71.76 billion in 2023 to $76.79 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to rise in commercial farming, government subsidies and policies, environmental concerns, precision agriculture adoption, chemical pesticide regulation.
Strong Future Growth Anticipated The fertilizing and plant protection equipment market is projected to continue its strong growth, reaching $97.81 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to shift towards sustainable agriculture, precision agriculture growth, regulatory changes in pesticides, increasing adoption of organic farming, automation and AI integration.
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Growth Driver Of The Fertilizing And Plant Protection Equipment MarketInclination in global food consumption and population is expected to propel the growth of fertilizing and plant protection equipment going forward. The global food consumption refers to the total amount of food and calories that are consumed by people. Fertilizing and plant protection equipment are used for plant protection and enhancing the yield of crops.
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Major Players And Market TrendsKey players in the fertilizing and plant protection equipment market include Deere & Company, CropMetrics LLC, Trimble Navigation Limited., CropX Inc., AgSmarts Inc., AgSense LLC, AGCO Corporation.Technological advancements are a key trend gaining popularity in the fertilizing and plant protection equipment market. Major companies in the fertilizing and plant protection equipment market are developing new and innovative agricultural technologies to strengthen their position in the market.
Segments:1) By Type: Planting Machinery, Fertilizing Machinery2) By Product Type: Sprayers, Hand Operated Sprayers, Motorized Sprayers, Boom Sprayers, Airblast Sprayers, Aerial Sprayers, Dusters, Other Types3) By Application: Horticulture, Farm, Other Applications
Geographical Insights: Asia-Pacific Leading The MarketAsia-Pacific was the largest region in the fertilizing and plant protection equipment market in 2023. 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
Fertilizing And Plant Protection Equipment Market DefinitionFertilizing and plant protection equipment refer an equipment that are used to save crops from insects and weeds and protects from diseases. Fertilizing and plant protection equipment is used to increase the nutrients in the soil and protect the crops from pests.
Fertilizing And Plant Protection Equipment Global Market Report 2024 from The Business Research Company covers the following information:• Market size data for the forecast period: Historical and Future• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.The Fertilizing And Plant Protection Equipment Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on fertilizing and plant protection equipment market size, fertilizing and plant protection equipment market drivers and trends, fertilizing and plant protection equipment market major players, fertilizing and plant protection equipment competitors' revenues, fertilizing and plant protection equipment market positioning, and fertilizing and plant protection equipment market growth across geographies. The fertilizing and plant protection equipment market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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August 23, 2024, 15:45 GMT
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Originally published at https://www.einpresswire.com/article/737658937/fertilizing-and-plant-protection-equipment-global-market-2024-to-reach-97-81-billion-by-2028-at-rate-of-6-2
