Knowledge Sourcing Intelligence announces the publication of a new report on “Agricultural Sprayers Market – Forecasts from2020 to 2025" to their offering.
According to the report, the Agricultural Sprayers Market is projected to increase at a CAGR of 6.77% in the coming years.
Growing concerns regarding global food insecurity
Rising global population is exerting pressure on limited resources such as land and water. Farmers are required to increase the agricultural productivity in order to provide food to growing population. According to the World Health Organization (WHO), the number of hungry people in the world reached 821 million in 2017 (or one in every nine people). As such, the demand for modern farm equipment including agricultural sprayers is accelerating across the globe. Another factor that is fuelling the market growth of agricultural sprayers is rising cases of pest and fungal attacks which deteriorate the crop quality. With agricultural sprayers, farmers are able to spray pesticides and other agrochemicals efficiently so as to protect their crops and reduce spoilage.
By type, global Agricultural Sprayers market is segmented into handheld, tractor-mounted, trailed, aerial, and others. Aerial segment is projected to witness a significant compound annual growth rate between 2020 and 2025 owing to the continuous advancements is drone technology. Global drone manufacturers are launching innovative drone sprayers for agricultural sector. In September 2019, DJI launched the Agras T16, a spray drone which is used to apply fertilizers and pesticides to orchards and field crops.
Geographically, Agricultural Sprayers market is segmented as North America, South America, Europe, Middle East and Africa, and Asia Pacific. Asia Pacific (APAC) accounted for the significant market share in 2019 as the agriculture is the primary sector in many Asia Pacific (APAC) countries. Growing population is boosting the demand for food for which the demand for agricultural sprayers is accelerating in this region, thereby driving the regional market growth. Growing awareness about modern agricultural equipment in APAC countries coupled with high focus on reducing the excess use of agrochemicals, especially in China, is further bolstering the market growth of agricultural sprayers across this region. China is taking all necessary steps to reduce the use of pesticides in order to tackle severe soil pollution. With advanced technology of aerial sprayers, the country is increasing using these modern agricultural sprayers to use the optimum amount of pesticides. Europe also holds a noteworthy share in the global agricultural sprayers market due to strict regulations on the use of agrochemicals such as pesticides in the region. Rise in the farm consolidation along with supportive government policies and measures is further escalating the demand for agricultural sprayers, thus positively impacting the overall regional market growth. Moreover, the region has high rate of automation across all industries which is also contributing to the growth of agricultural sprayers market in Europe during the forecast period. The market for agricultural sprayers in Middle East and Africa region is poised to grow at a substantial CAGR during the forecast period as harsh climatic conditions and scarcity of water resources requires more efficient agricultural tools and equipment, especially for proper application of agrochemicals in order to increase the yield.
The major players covered as part of the report are AGCO Corporation, H.D. Hudson Manufacturing Company, Deere & Company, Kubota, Exel Industries, Aspee, Dal Degan S.R.L., MARUYAMA Mfg. Co.Inc., ANDREAS STIHL AG & Co. KG, and B.GROUP S.p.A.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/agricultural-sprayers-market
This report has segmented the Agricultural Sprayers marketon the basis following terms:
- Field Sprayers
- Gardening Sprayers
- Orchard Sprayers
- United States
Middle East and Africa
- Saudi Arabia
- South Korea
- North America