Global Agricultural sprayers Market to reach USD 3.42 billion by 2027.Global Agricultural sprayers Market is valued approximately USD 2.20 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.5 % over the forecast period 2021-2027. Agricultural sprayers are a modern method of irrigation. In method, water is irrigated through drippers, sprinklers, foggers and by other emitters on surface or subsurface of the land. Increase in focus on farm efficiency and productivity, growing adoption of drip irrigation, rising demand for food and agriculture product, and concerns regarding water scarcity has led the adoption of Agricultural sprayers across the forecast period. Drip irrigation method reduces nutrient loss, weed growth and leaching, prevents soil erosion, and reduces the energy cost as well. Hence, its adoption is growing across the world. For instance, in India, as per the department of agriculture under PMKSY (Irrigation purpose) 3645 crore is allocated in FY20-21. and in Australia total package is $72.685 million over three years as per Department of Agriculture, Water and the Environment they will receive $29.761 million over two years and Austrade $42.924 million over three years under the Agriculture, Water and Environment portfolio. However, high initial investment and high maintenance cost impedes the growth of the market over the forecast period of 2021-2027. Also, government encouragement by providing subsidies is expected to positively influence the market.
The geographical regions considered such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to adoption and awareness for micro irrigation. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as adoption of modern farm methods and increasing demand for food with rise in population would create strong growth prospects for the Agricultural sprayers market across Asia-Pacific region.
Major market player included in this report are:
EPC Industries Limited
Jain Irrigation Systems Limited
Lindsay Corporation
The Toro Company
Valmont Industries, Incorporated
Nelson Irrigation
Netafim Limited
Rain Bird Corporation
T-L Irrigation
Hunter Industries, Incorporated
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Hydraulic nozzle
Gaseous nozzle
Centrifugal nozzle
Thermal nozzle
By Crop type:
Cereals
Oilseeds
Fruits & vegetables
Other crop types
By Power Source:
Fuel-based
Electric & battery-driven
Solar
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Agricultural sprayers Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors