Agriculture Sprayers Market - Growth, Trends, and Forecasts (2023 - 2028)

The agriculture sprayers market is projected to register a CAGR of 4.9% during the forecast period.

Key Highlights

• Farming equipment is essential for increasing crop productivity and minimizing labor costs. Agricultural sprayers have become essential for farmers or producers to spray fertilizers, herbicides, and pesticides as required during harvest. Farmers could apply chemicals more effectively owing to technological advancements. Therefore, change in farming techniques and technological acceptance, the market for agricultural sprayers has gained traction.
• Furthermore, the increasing importance of farm efficiency and productivity, increasing cereal and grain production in global countries, and government support for innovative agricultural methods are some of the key drivers driving the agricultural sprayers market expansion. For instance, the Spanish government has made it easier for farmers to acquire loans from banks in order to purchase agricultural equipment and forestry machinery, which is one of the major reasons for the high adoption rate of sprayers during the forecast period and also with the enforcement of the new European Union Framework Directive on the Sustainable use of Pesticides, it is anticipated to enhance the value of the field crop and air-assisted sprayers market.
• GPS and robotic system sprayers are more popular in large agricultural land holdings, gardens, and orchard crops. Advanced spraying machinery uses this technology, wherein automated machines can apply pesticides and nutrients in a more targeted and timely manner. This technological development has resulted in making farming activities more efficient and eco-friendlier. However, most farmworkers are unaware of the dosage limits and pesticide risks, and they require proper training in integrated pest management practices. Hence, the recent advancements in sprayer technology have reinforced the demand for agricultural sprayers in recent years and will have a long-term impact on the market.

Agriculture Sprayers Market Trends

Technological Developments in Spraying Equipment

Globally, Various technologies, such as drones and driverless sprayers, are providing important and attractive opportunities for the growth of the agriculture sprayers market. A drone uses the latest technologies of various tiny sensors, such as accelerometers, GPS modules, powerful processors, and digital radios to provide farmers with information. The use of drones helps farmers in scouting for pests and diseases and in mid-field weed identification. Positioning technologies, such as combining GPS (global positioning system) and GIS (geographic information systems), have made yield mapping very easy and helped farmers work in the field even under adverse weather conditions, such as rain, fog, and dust. There are companies that have highly indulged in constantly upgrading their technology in order to meet the growing technology demand. For instance, companies like ASPEE and GUSS are involved in making an investment heavily in R&D to launch more advanced sprayers.

Self-propelled sprayers are gaining traction in recent times. With the help of self-propelled sprayers, large areas of the field can be covered efficiently, and there is a high demand for self-propelled sprayers equipped with high-tech tools to optimize and streamline the application and have precise control over quantities of applied product, ensuring increased output. According to a report from the Agricultural Technology National Institute (INTA), 85% of the chemicals in the country are applied by self-propelled sprayers, and 65% of them are owned by contractors.

Increase in the crop acerage and increase in the developments of spraying technology and penetration rate the demand for sprayers is increasing in the countryduring the forecast period.

Europe Dominates the Market

Globally, Europe is the largest market for agricultural sprayers. The expanding farm sizes and an increase in replacement demand are some of the factors that are likely to fuel the growth of the agricultural sprayer market in Europe during the forecast period. Farm robotics and the adoption of new technologies are becoming increasingly popular in European agrarian lands. The demand for production capacity is increasing directly with the rise in farm consolidation. Farms are seeking sprayers with higher capacities, as they help save the time spent on refilling the tanks.

There are various developmental programs started by the European Agriculture machinery association for training farmers on new technologies. For instance, the INNOSETA project under Horizon 2020 is aimed at establishing an innovative and self-sustaining thematic network on crop protection and sustainable plant protection products (spray equipment, training, and advice) in order to close the gap between the numerous European research projects resulting in new developments and farmers using and exploitation of all of these.

Companies are heavily investing in these technologies to have a strong foothold in the market and thus capture a larger share. With the unprecedented growth of precision farming in the region, European associations such as CEMA and European Crop Protection Association (ECPA) are also planning to launch a website to help farmers understand the benefits of spraying technology. This, coupled with the rising importance of agriculture together with the decreasing crop acreage, is likely to enhance farm mechanization in the region. The CEMA study cited under "Industry Proposal on the Inspection of Sprayer in Use", revealed that the CEMA members are likely to manufacture more than 90% of the new sprayers in the European Union.

Owing to technological advancements, vendors are introducing self-propelled sprayers and battery-operated sprayers, among others, to ease the work of farmers. For instance, solar-powered sprayers are gradually gaining the attention of farmers, as they can be charged using solar energy, as well as electricity in Europe.

Agriculture Sprayers Industry Overview

The agriculture sprayers market is moderately consolidated. A lot of developments are taking place in the market. However, of all the strategies adopted, partnerships/collaborations are the most common, followed by mergers and acquisitions. Major companies are acquiring regional sprayer companies, and this is anticipated to lead to consolidation of the market eventually. The major agricultural sprayers are H.D. Hudson Manufacturing Company, AGCO Corporation, Mahindra & Mahindra Ltd, Jacto Inc, and Kubota Corporation.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
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