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The Germany fertilizing machinery market was valued at USD XX million in the year 2016 and is expected to grow into a USD XX million market by 2021, at a CAGR of XX% during the forecast period. Fertilizing machinery is another extension of the overall mechanization of farming. Of the entire production chain, fertilization is an important process requiring precise distribution patterns. These machines play a vital role as they are calibrated for high levels of accuracy. They involve various kinds of devices such as drop spreaders, rotary spreaders, pendulum spreaders and liquid fertilizer spreaders.
Market Dynamics
The growth observed in the sales of tractors in Germany is an important indicator for the advent of farm mechanization. Tractors tend to act as a source of power, whereby, various agricultural machines can be attached to it. This co-dependency makes the purchase of other equipment easier, once the tractor is purchased. The economic stabilization of Germany, expected during the forecast period, would further help to improve the market conditions with an increase in the levels of competition, leading to a large level of farm consolidation in this region. The increase in farm consolidation would boost the need for farm mechanization. However, the negative environmental impact of using fertilizers has been well documented and is posing a major threat to the market. The high labor costs in the region also drive the mechanization process, rapidly.
Market Segmentation
The Germany fertilizing machinery market has been segmented based on the various types of fertilizing machinery.
By Machinery:
Key players in the market are:
Key Deliverables of the Study
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Nanakramguda Rd, Financial District, Gachibowli
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India
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