The global agriculture sprayer market is anticipated to grow at a CAGR of 6.2% during the forecast period (2024-2031). The market growth is mainly attributed to the key players initiatives such as new product launches and approvals, mergers and acquisitions, partnerships and collaborations, and many others to thrive in a competitive environment. In addition to this, organizations such as The Food and Agriculture Organization (FAO), United States Department of Agriculture (USDA), Food and Drug Administration (FDA), Ministry of Agriculture and Farmers’ Welfare, and Indian Council of Agricultural Research (ICAR) play a vital role for the approvals and regulations for the drugs. These organizations are in charge of the agriculture R&Din their respective country and also coordinating numerous research projects. For instance, in June 2020, the Maharashtra government has stated that drones have been used to spray insecticides on locust swarms. Locusts’ swarms have been discovered at Bhetisurla, near Sawangi village in Nagpur’s Saoner taluka, where 500 litres of insecticides had been sprayed. Before the lockdown, the government reported that 32 lakh farmers had applied for the ‘Mahatma Jyotiba Phule’ crop loan waiver scheme and that Rs 12,000 crore had been put in the accounts of 19 lakh of 30 lakh qualified farmers.
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Furthermore, In November 2020, DJI, the global leader in drone and camera technology has launched an agriculture drone. The drone DJI AGRAS T20, is once again redefining farming. The modular and portable design of this robust, high-performance, and precision agriculture spraying drone makes it accessible and scalable for farmers who are ready to use digital insights and automated spray technology in their operations. Besides, in May 2021, Valtra has introduced the BS2225H, a self-propelled sprayer with spray booms of 25 and 28 metres that can serve small and medium-sized farmers. It has a recognised and efficient agricultural engine, the AGCO Power, with four cylinders and 174hp (horsepower), with a fuel economy of up to 60%. The engine has been factory-certified to meet the MAR-1 pollutant emission standard. Thus, the major player’s initiatives to upgrade the agriculture sprayer equipment, technology advancements, and government initiatives are the factors driving the market growth during the forecast period.
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Market Coverage
- Segment Covered-
o By Capacity
o By Product Type
o By Power Source
o By Application
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape – CNH Industrial N.V., Mahindra & Mahindra Ltd., AGCO Corp., Excel Industries Ltd., Buhler Industries Inc., H.D. Hudson Manufacturing Co., Yamaha Motor Corp., Deere, and Co., KUBOTA Corp. and Hardi International A/S, among others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Agriculture Sprayer Market
By Capacity
- Low-Pressure Sprayer
- High-Pressure Sprayer
By Product Type
- Hand-Held Sprayer
- Backpack Sprayer
- Aerial Sprayer
- Foot Sprayer
- Tractor Mounted Sprayer
- Traction Pneumatic Sprayers
By Power Source
- Electric Sprayer
- Manual Sprayer
- Solar Sprayer
- Fuel Based Sprayer
By Application
- Field Sprayers
- Orchard Sprayers
- Gardening Sprayers
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