Published On: Tue, Mar 21st, 2023

China’s Increasing Export of Food Products Results in Growth of the Agricultural Sprayers Market Accounting for 94% Growth in Revenue


The global agricultural sprayers market size is predicted to reach US$ 3,106.1 million in 2023 and further register a growth rate of 5.9% CAGR between 2023 and 2033. Total agricultural sprayer sales are poised to generate revenues worth US$ 5,499.5 million by the end of 2033.

Growing focus on farm mechanization to cope with rising food demand along with rising popularity of self-propelled and aerial sprayers is a prominent factor driving agricultural sprayer demand worldwide.

Agricultural sprayers are machines or equipment used for applying liquid substances such as fertilizers, pesticides, and herbicides to crops or plants. Addition of these liquid substances by using agricultural sprayers allows farmers to maintain crop health during the crop growth cycle.

Agricultural sprayers come in various types, sizes, and designs. Right from simple handheld sprayers to self-propelled and aerial ones, agricultural sprayers have become essential pest control tools across the thriving agricultural sector.

 

Incorporation of agricultural sprayers helps farmers significantly improve productivity and save labor costs. They also save farmers from pesticide exposure. Thanks, to these features, demand for agricultural sprayers is set to rise at a healthy pace during the projection period.

Rapid shift from manual farming to modern mechanized farming, especially across nations such as China, India, and the United States is expected to bolster agricultural sprayer sales over the next ten years.

The progression of modern farm techniques has a direct impact on the growth of the agricultural sprayers industry. Development and adoption of precision farming techniques provide benefits to production corporations, agricultural cooperatives, agricultural operators, and local governments.

Another crucial factor expected to positively influence expansion of the global agricultural sprayers is the growing concerns regarding food insecurity triggered by population explosion and reduction in arable land.

As per the Food and Agriculture Organization (FAO) of the United Nations, severe food insecurity increased from 10.9% in 2020 to 11.7% in 2021. This is prompting farmers throughout the world to adopt innovative agricultural products and technologies to enhance their crop production.

Agricultural sprayers are important for increasing farm efficacy and crop production. Farmers and agricultural enterprises use their time, money, and other resources to accomplish farming goals in order to produce crops.

The interval between crop planting and harvesting is one of the most important phases of crop production. To prevent the young crop from weed growth, bug, and pest infestation, farmers used various chemicals. For applying them, agricultural sprayers have become ideal tools.

Spraying in agriculture is one of the frequent and important activities for the application of fungicides, herbicides, and insecticides. The farmers are shifting from conventional spraying techniques to new-age spraying techniques as well as novel agrochemicals. Thus, increasing farming activities and the production of liquid-based agrochemicals are expected to drive demand for agricultural sprayers.

Further, growing popularity of unmanned aerial vehicle (UAV) sprayers, portable power sprayers, and air-assisted sprayers worldwide will create lucrative growth opportunities for agricultural sprayer manufacturers over the next ten years.

Key Insights

As per FMI, the agricultural sprayers’ demand is predicted to reach 1.2 million units in 2023. Rapid transition towards modern mechanized farming and increasing focus on enhancing crop production to tackle food insecurity are key factors spurring growth in the global agricultural sprayers industry.

Subsequently, awareness associated with the benefits of using advanced agricultural equipment, especially across India, Japan, Korea, and other developing nations is surging. These benefits such as reduced cost, improved efficiency, and reduced manual labor will boost agricultural sprayer sales through 2033.

Agricultural sprayers have become essential equipment for applying liquid agrochemicals to plants or crops. They help farmers to protect crops from pests, improve productivity, and save money. Hence, growing usage of sprayers across thriving agricultural sector is anticipated to aid in the expansion of the global market.

Leading companies in the market are committed towards developing advanced agricultural sprayers to cater to the rising demand from end users. They are continuously introducing innovative spraying equipment to increase sales. This will bode well for the market



Source link