Global Fertilizing Machinery Market Opportunities 2024, Forecast To 2033
11 Jan, 2024
The fertilizing machinery market has experienced robust growth, ascending from $14.54 billion in 2023 to $15.72 billion in 2024, reflecting an 8.1% Compound Annual Growth Rate (CAGR). Historical growth is linked to agriculture trends, population growth, environmental regulations, and economic factors. Projections suggest continued robust growth, reaching $20.84 billion in 2028, with a 7.3% CAGR. This trajectory is attributed to sustainability and environmental concerns, increasing global food demand, government incentives and regulations, changing farming practices, and climate change impacts. Key trends include technological advancements, market consolidation, autonomous and AI-driven machinery, variable rate technology (VRT), and integration with other farming equipment.
Global Fertilizing Machinery Market Key Driver
The heightened global demand for food crops is propelling the fertilizing machinery market. The expanding agriculture sector necessitates efficient fertilizer machines for improved crop growth. In India, the Second Advance Estimates for 2021-22 reported a food grain production of 316.06 million tons, with rice production at 127.93 million tons. This increasing demand for high-yield food crops to meet global needs is driving the growth of the fertilizing machinery market.
Get A Free Sample Of The Global Fertilizing Machinery Market ReportGlobal Fertilizing Machinery Market Segments
The fertilizing machinery market covered in this report is segmented –
1)By Product Type: Fertilizer Dryers, Fertilizer Screening Machines, Fertilizer Crushers, Fertilizer Granulators, Fertilizer Mixers
2)By Disc Type: Single Disc Fertilizer Spreaders, Double Disc Fertilizer Spreaders
3)By Application: Agriculture, Forestry, Greenbelt, Other Applications
By Geography: The regions covered in the fertilizing machinery market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
The Asia-Pacific was the largest region in the fertilizing machinery market in 2023. North America was the second largest region in the fertilizing machinery market analysis. The regions covered in the fertilizing machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Fertilizing Machinery Industry Players
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
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Fertilizing Machinery Market Overview
Fertilizing machinery refers to solutions to crop farmers to sow the seeds for crop production and spread fertilizers.
Fertilizing Machinery Global Market Report 2023 provides data on the global fertilizing machinery market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The fertilizing machinery market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.