![]() ![]() Precision farming allows farmers to utilize optimal resources in an economical way. Precision farming helps obtain accurate information regarding the application of irrigation water, liquid fertilizers, nutrients, herbicides, and pesticides on the field, thereby reducing the wastage of resources. Modern agricultural techniques such as precision farming help growers to make more revenue from agribusinesses. Opportunity: Adoption of precision farming technique to create opportunities in agricultural sprayers market This restraint is particularly high in developing countries such as India, China, and Brazil.Ĭurrently, most developing countries are importing farming equipment from other countries, which increases the product cost, which in turn expected to lower the market growth of agricultural sprayers in near future. ![]() ![]() The majority of the farmers are marginal farmers or small landholding farmers who find it difficult to invest in expensive equipment. New farming technologies such as GPS, drones, and GIS to collect input data, variable rate technology, and satellite devices are expensive as compared to other non-tech devices and need huge capital investment. Restraint: High capital investment is needed for technologically-advanced farm equipment This is substantially increasing the demand for agricultural sprayers in the global market. The newer technology versions of agricultural sprayers have provided various benefits to the farmers, such as low cost, increased spray efficiency, safety, and less damage to the crops and environment. Some of the market challenges include fluctuating prices, uncontrollable weather conditions, finding buyers for their product, and lack of natural resources. Therefore, advances in sprayer technology in recent years have increased demand for agricultural sprayers and will impact the market in the long term.ĭriver: Growing focus on farm efficacy to increase yieldįarmers or growers are not only faced with different challenges associated to farm functions but also various market challenges. However, most farm workers are unaware of dosage limits and pesticide risks and require proper training in integrated pest management methods. This technological development makes agricultural activities more efficient and environmentally friendly. Advanced sprayers take advantage of this technology, and automated machines can apply pesticides and nutrients in a more targeted and timely manner. GPS and robotic system sprayers are more popular in large fields, gardens and orchards. The lockdown-affected growing global need to maintain a stable food supply, as well as the need for greater efficiency and higher yields, have led to continued demand for irrigation equipment, including sprayers. Technological developments have enabled farmers to use chemicals efficiently. In recent years, agricultural sprayers have become an important tool for farmers to spray fertilizers and other chemicals such as herbicides and pesticides as needed at crops. Agricultural equipment is essential to increase crop yields and reduce labor costs. It is expected to reach USD 3.5 billion by 2027, growing at a CAGR of 6.8% over the forecast period. The global agricultural sprayer market is estimated at US$2.5 billion by 2022. The global market can be categorized by type, farm size, region, crop type, nozzle type, power source, capacity, and usage. The market for agricultural sprayers has gained momentum due to changes in agricultural engineering and the introduction of technologies. ![]()
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