Planting and Fertilizing Machinery Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Global Planting and Fertilizing Machinery Market is segmented by Type (Planting Machinery and Fertilizing Machinery) and Geography.

Market Snapshot

Planting and Fertilizing Machinery Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 3.5 %

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Market Overview

The planting and fertilizing machinery market is projected to register a CAGR of 3.5% over the forecast period (2020-2025).

 

  • Increasing tractorization in developing markets, such as India and China, is driving the adoption of planting and fertilizing machinery. These markets are constrained by high labor costs and need for improved efficiency in agricultural operations, driving farmers towards farm mechanization.
  • Commodity prices have a huge role to play in the adoption of agricultural machinery. In an event of lower commodity prices, farmers postpone the purchase of new machinery. The review period has seen an upswing in commodity prices, especially post 2017. Firm commodity prices over the forecast period are expected to reflect in a robust growth rate for the planting and fertilizing machinery over the forecast period.

Scope of the report

The planting and fertilizing machinery market is segmented by type into planting machinery and fertilizing machinery. The planting machinery segment covers seed drills and planters and transplanters, while the fertilizing machinery segment covers seed cum fertilizer drills and fertilizer spreaders. The market is also segmented by geography to include the key trends in the top regional markets across North America, Europe, Asia-Pacific, South America, and Africa.

Type
Planting Machinery
Seed Drills
Planters & Transplanters
Fertilizing Machinery
Seed-cum-Fertilizer Drills
Fertilizer Spreaders
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Spain
Russia
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Africa
South Africa
Rest of Africa

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Key Market Trends

Increased Area Under Zero Tillage Boosting the Growth of Seed Cum Fertilizer Drills

Zero tillage is a practice where the residues from the previous crop are retained for the start of the next season. This practice not only provides residual nutrition to the next crop but also prevents the formation of the hardpan in the sub-soil, which gets formed upon extensive tillage. The practice has been gaining popularity across North America and Europe. Seed Cum Fertilizer Drills are ideal equipment to use in zero tillage conditions. The equipment leaves minimal impact on the soil while saving time on using multiple equipment for seeding and fertilizing. Developing markets are also warming up to the practice of zero tillage. For instance, in the major wheat-growing belts of Northern India, the period between the harvesting of the rice crop and sowing of the wheat crop is very much limited and hence, farmers get limited time to till the soil. Farmers, thereby resort to the burning of the stubble of the rice crop, creating huge environmental issues related to air pollution. Organizations and companies are increasingly working with farmers to adopt zero tillage in wheat, in order to solve the time and agronomic issues. With increasing awareness about the environmental impact of stubble burning, Indian farmers are expected to adopt seed cum fertilizer drills over the forecast period.

Planting and Fertilizing Machinery Market Revenue in USD million Seed-cum-Fertilizer Drills

North America Leads the Global Market

The North American region has been traditionally a market with a high degree of farm mechanization. Farms in the region are high on acreage, and this necessitates the usage of planting and fertilizing machinery for crop operations. The region also has the highest replacement rates of farm machinery across all regions around the globe. Technology has also played a huge role in farmers, switching to more technologically advanced agricultural machinery. For instance, GPS technology is an integral part of precision farming systems. Companies, such as Climate Corporation (part of Monsanto Company), have been developing products that adjust the dosage rates of fertilizers and even select the right variety of seed, based on expected weather for the crop season and soil fertility. Legacy equipment does not have the provision for the installation of these advanced systems and, hence, the adoption of new and advanced planting and fertilizing machinery would be a necessity. This trend is expected to continue into the future, and North America is expected to remain the largest market over the forecast period.

Planting and Fertilizing Machinery Market Size by Region

Competitive Landscape

The market for planting and fertilizing machinery is fragmented with the focus of top global players on technological advancements, while the local and regional players tend to focus on greater market penetration. One of the key competitive trends in the market is that the top players focus on the replacement market for planting and fertilizing machinery, while the regional and local players, with cheaper products in their portfolio, focus on emerging markets driven by increased adoption. The key players in the planting and fertilizing machinery market are Deere & Company, Claas Group, CNH Industrial NV, AGCO Corporation, and Kuhn Group, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Planting Machinery

        1. 5.1.1.1 Seed Drills

        2. 5.1.1.2 Planters & Transplanters

      2. 5.1.2 Fertilizing Machinery

        1. 5.1.2.1 Seed-cum-Fertilizer Drills

        2. 5.1.2.2 Fertilizer Spreaders

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

        4. 5.2.1.4 Rest of North America

      2. 5.2.2 Europe

        1. 5.2.2.1 Germany

        2. 5.2.2.2 United Kingdom

        3. 5.2.2.3 France

        4. 5.2.2.4 Spain

        5. 5.2.2.5 Russia

        6. 5.2.2.6 Italy

        7. 5.2.2.7 Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 China

        2. 5.2.3.2 India

        3. 5.2.3.3 Japan

        4. 5.2.3.4 Australia

        5. 5.2.3.5 Rest of Asia-Pacific

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Africa

        1. 5.2.5.1 South Africa

        2. 5.2.5.2 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Deere & Company

      2. 6.3.2 AGCO Corporation

      3. 6.3.3 CNH Industrial NV

      4. 6.3.4 KUHN Group

      5. 6.3.5 CLAAS Group

      6. 6.3.6 Mahindra & Mahindra Limited

      7. 6.3.7 Yanmar Corporation

      8. 6.3.8 Lanco Equipment

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Planting and Fertilizing Machinery Market market is studied from 2016 - 2026.

The Planting and Fertilizing Machinery Market is growing at a CAGR of 3.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Deere & Company, AGCO Corporation, CNH Industrial NV, CLAAS Group, KUHN Group are the major companies operating in Planting and Fertilizing Machinery Market.

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