Global Fertilizing and Plant Protection Equipment Market – Industry Trends and Forecast to 2029

Global Fertilizing and Plant Protection Equipment Market, By Product Type (Sprayers, Dusters), Application (Horticulture, Farm, Others), Type (Planting Machinery and Fertilizing Machinery) – Industry Trends and Forecast to 2029.

Fertilizing and Plant Protection Equipment Market Analysis and Size

Farming has seen significant advancements in terms of farm mechanisation, irrigation techniques, and the ease with which credit is available over the years. It currently serves as the backbone of the Indian economy, providing food and raw materials and employment opportunities to a sizable portion of the population. Despite the advent of industrialization and remarkable growth in other industries, farming continues to contribute significantly to the country's Gross Domestic Product (GDP). It primarily entails growing crops and raising livestock with the goal of cultivating food products.

Data Bridge Market Research analyses that the fertilizing and plant protection equipment market which was growing at a value of 67.84 billion in 2021 and is expected to reach the value of USD 112.27 billion by 2029, at a CAGR of 6.50% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Fertilizing and Plant Protection Equipment Market Scope and Segmentation

Market Definition

Fertilizing and plant protection equipment is a group of products, tools, and equipment used by farmers to manage plant diseases, weeds, and pests (vertebrate and invertebrate), all of which can harm agriculture crops and forestry. Plant protection equipment is critical to ensuring healthy and sustainable farming practices. Farmers must make numerous decisions to protect their crops from weeds and insects every day. These tools are extremely beneficial in assisting farmers in protecting their crops from various insects and pests and adhering to proper cultivation systems.

Fertilizing and Plant Protection Equipment Market Dynamics

Drivers

• Inclination in global food consumption and population

Increasing adoption of federal agricultural policy programmes in emerging economies, rising levels of food consumption globally along with a growing population, an increase in trade activities such as grain and oilseed export, and the introduction of new and highly advanced technology are some of the major and impactful factors that will likely boost the growth of the fertilizing and plant protection equipment market

• Rise in the demand for speciality products

Rising demand for genetically modified seeds and rising consumer preferences for organic and specialty products will contribute to the growth of the fertilizing and plant protection equipment market over the forecasted timeframe. Furthermore, the market is being driven by an increase in the number of agreements between corporate companies and farmers for the supply and production of agricultural products. Aside from that, organic products are considered safer than conventional products because they are not grown with chemically laden pesticides and are better for the environment.
Opportunity

Organic food items are becoming more popular as people's health consciousness grows. As a result, farmers across the country are shifting to organic farming, creating a positive market outlook. Furthermore, the government is launching a number of initiatives to improve the country's existing agricultural infrastructure. It is also providing financial assistance to farmers for marketing and transportation of farm produce in order to increase exports. These initiatives are expected to have a significant impact.

Restraints

Lack of skilled labour and technical knowledge as well as the increasing need for high capital investment will likely act as market restraints for fertilizing and plant protection equipment growth in the above-mentioned projected forecast period. Marketing and distribution of new products, as well as increasing workloads, will be the biggest and most pressing challenges for market growth.

This fertilizing and plant protection equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the fertilizing and plant protection equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Fertilizing and Plant Protection Equipment Market

Many countries are experiencing disruptions to their agri-food supply chains as COVID-19 incidences rise around the world. National trade barriers between countries could significantly impact regions like Africa, which rely heavily on agricultural imports. The food sector is typically supplied by three sources: domestic production, imports, and storage. Some countries also rely on a network of manufacturers and distributors to process agricultural outputs, prepare them for human consumption, and transport products from farms to manufacturing facilities, and then to consumers. Suppose outbreaks around the world are severe or continue for an extended period of time. In that case, there will most likely be even more serious disruptions that will reduce food availability in markets over the medium and long term.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• BASF and TECNALIA, a European centre for research and technological development, will collaborate in digitalization in November 2020 to accelerate global research and development of new crop protection products. This contributes to the faster development of innovations that address farmers' global needs for weed, fungal disease, and insect pest control in their crops.
• Sumitomo Chemical Co., Ltd. ("Sumitomo Chemical") announced today that it has reached an agreement with Nufarm Ltd. ("Nufarm"), Australia's leading crop protection company, to acquire all shares of Nufarm's four South American subsidiaries in Brazil, Argentina, Chile, and Colombia, via Sumitomo Chemical's fully owned subsidiaries in the region, namely Sumitomo Chemical Brazil for the Brazilian subsidiary and Sumitomo Chemical Chile for the others.
• Chr. Hansen and FMC Corporation will extend their collaboration on natural crop protection in June 2020. Chr. Hansen and FMC Corporation have extended their collaboration to develop and commercialise natural agricultural solutions for another five years.
• Syngenta acquired Strider in March 2019. (U.S.). Syngenta has agreed to buy Strider, a Brazilian AgTech company that specialises in farm operational management solutions. The transaction is subject to approval by the relevant merger-control authorities. The transaction's financial terms have not been disclosed. Strider is a key player in the Latin American digital agriculture market, and the transaction will strengthen Syngenta's ability to provide greater value to customers by providing innovative digital solutions for on-farm data management.

Global Fertilizing and Plant Protection Equipment Market Scope

The fertilizing and plant protection equipment market is segmented on the basis of type, application, and product type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Planting Machinery
• Fertilizing Machinery

Application

• Horticulture
• Farm
• Others

Product type

• Sprayers
• Hand operated sprayers
• Motorized sprayers
• Boom sprayers
• Airblast sprayers
• Aerial sprayers
• Among other sprayer equipment
• Dusters

Fertilizing and Plant Protection Equipment Market Regional Analysis/Insights

The fertilizing and plant protection equipment market is analysed and market size insights and trends are provided by country, type, application, and product type as referenced above.

The countries covered in the fertilizing and plant protection equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the fertilising and plant protection equipment market due to rising government subsidies to farmers in various emerging countries for purchasing agricultural equipment, increasing population, and rising farmer awareness about the benefits of plant protection equipment. South America ranks second in terms of growth in the fertilising and plant protection equipment market, owing to increased regional investments from multinational manufacturers.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Fertilizing and Plant Protection Equipment Market Share Analysis

The fertilizing and plant protection equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to fertilizing and plant protection equipment market.

Some of the major players operating in the fertilizing and plant protection equipment market are:

• Deere & Company (U.S)
• CropMetrics LLC (Netherlands)
• Trimble Navigation Limited (Australia)
• CropX (U.S)
• AgSmarts Inc (India)
• AgSense, LLC (India)
• AGCO Corporation (Austria)
• DICKEY-john (U.K)
• Monsanto Company (Mexico)
• Ag Leader Technology (U.S)
• Farmers Edge (U.S.)
• GEOSYS (U.S.)
• Granular (U.S.)
• Gro Intelligence (U.S.)
• Proagrica (U.K.)
• Fasal (India)
• AGEYE Technologies (U.S.)
• OneSoil (Switzerland)