Yahoo Finance Agriculture Sprayers Global Market Report 2022: Ukraine-Russia War Impact
Major market players are John Deere, CNH Industrial N. V. , Kubota Corporation, Mahindra & Mahindra Limited, STIHL Group, Agco Corporation, Bucher Industries AG, AMAZONEN-WERKE H. DREYER SE & Co. KG, Buhler Industries Inc, Hardi International A/S, HORSCH Maschinen GmbH, Bateman Sprayers, Househam Sprayers Ltd, Sam Sprayers, and Stahly Applicators Inc.
New York, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Agriculture Sprayers Global Market Report 2022: Ukraine-Russia War Impact" - https://www.reportlinker.com/p06368520/?utm_source=GNW
The global agriculture sprayers market is expected to grow from $2.25 billion in 2021 to $2.41 billion in 2022 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The agricultural sprayers market is expected to grow to $3.16 billion in 2026 at a CAGR of 7.1%.
The agriculture sprayers market consists of the sale of agriculture sprayers by entities (organizations, sole traders, and partnerships) that are used for applying water and chemical solutions containing acids or caustic materials for pest-control or crop performance. Agricultural sprayers refer to a unique kind of farm machinery called an agricultural sprayer that sprays liquid nutrients and insecticides onto plants during the crop growing cycle.
The main types of agriculture sprayers are handheld, self-propelled, low HP, medium HP, high HP, tractor-mounted, trailed, and aerial.Handheld sprayers are the sprayers used for spraying pesticides, acids, oil, sealers, and diesel.
The types of nozzles include hydraulic nozzles, gaseous nozzles, centrifugal nozzles, and thermal nozzles with capacities such as ultra-low volume, low volume, and high volume.They work with different power sources such as fuel-based, electric and battery-driven, solar, and manual.
These are used by field sprayers, orchard sprayers, and gardening sprayers.
Asia-Pacific was the largest region in the agricultural sprayers market in 2021.Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in this agriculture sprayer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The increase in focus on farm efficiency and productivity is expected to propel the growth of the agriculture sprayers market going forward.Farm efficiency refers to a measure of comparison of the yield of all crops on a given farm with the average yields of crops in the locality, whereas productivity is calculated as the ratio of agricultural outputs to inputs.
Agriculture sprayers help increase farm efficiency and productivity, including reduced costs, improved spray efficiency, safety, and less harm to crops and the environment. For instance, according to the Indian budget, a division of the Ministry of Finance, Government of India, long-term trends indicate that the agriculture sector’s share of the economy’s overall GVA is around 18%, and the percentage of the agriculture and allied sectors in the total GVA increased to 20.2% in 2020–21. Therefore, an increase in focus on on-farm efficiency and productivity is driving the agriculture sprayer market.
The increase in the adoption of innovative agricultural equipment has emerged as a key trend in the agricultural sprayer market.Major companies operating in the agricultural sprayer market are developing innovative agricultural equipment to strengthen their position in the market.
For instance, in March 2021, GUSS Automation, a US-based agricultural machinery manufacturer, launched an autonomous orchard sprayer to increase efficiency and precision and keep their crews safer. GUSS uses a unique combination of LiDAR, GPS, and the latest technology to autonomously roll through the orchard, spraying each tree with precision and efficiency.
In February 2022, EXEL Industries, a France-based farm machinery and equipment company, acquired GF Garden for an undisclosed amount.This acquisition, together with strong organic growth in the Garden division, allows EXEL Industries to expand its footprint in a thriving market where HOZELOCK and GF Garden have significant distribution synergies.
GF Garden is a garden equipment manufacturer that also sells agricultural sprayers.
The countries covered in the agriculture sprayers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The Agricultural Sprayers Market Research Report is one of a series of new reports that provides agricultural sprayer market statistics, including global market size, regional shares, competitors with an agricultural sprayer market share, detailed agricultural sprayer market segments, market trends and opportunities, and any further data you may need to thrive in the agricultural sprayer industry. This agricultural sprayers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Read the full report: https://www.reportlinker.com/p06368520/?utm_source=GNW
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