Agricultural Sprayers are a modern method of irrigation. In the method, water is irrigated through drippers, sprinklers, foggers, and other emitters on the 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. The drip irrigation method reduces nutrient loss, weed growth, and leaching prevents soil erosion, and reduces 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 crores is allocated in FY20-21. and in Australia total package is $72.685 million over three years as per the 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 costs impede 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.
Global Agricultural sprayers Market is valued at 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 and is estimated to reach USD 3.42 billion by 2027.
The geographical regions considered such as Asia Pacific, North America, Europe, Latin America, and the 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. Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as the adoption of modern farm methods and increasing demand for food with a rising population would create strong growth prospects for the Agricultural sprayers market across the Asia-Pacific region.
Major market players 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, and Hunter Industries Incorporated.
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
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