Market Size of South America Agricultural Sprayers Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 501.09 Million |
Market Size (2029) | USD 667.11 Million |
CAGR (2024 - 2029) | 5.89 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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South America Agricultural Sprayers Market Analysis
The South America Agricultural Sprayers Market size is estimated at USD 501.09 million in 2024, and is expected to reach USD 667.11 million by 2029, growing at a CAGR of 5.89% during the forecast period (2024-2029).
- Plant protection activities are the most important practices during crop production and the application of maximum pesticide products with the sprayer. Conventional agricultural spraying techniques have made the inconsistency between economic growth and environmental protection in agricultural production. Spraying techniques continuously developed in recent decades. Robotics and automatic spraying technologies like variable rate sprayers, UAV sprayers, and electrostatic sprayers are growing to Increase the utilization rate of pesticides, reduce pesticide residues, real-time, cost-saving, and high compatibility of plant protection products applications. These technologies are under the 'umbrella' of precision agriculture. These advanced spraying technologies not only reduce labor costs but are also effective in environmental protection which will boost the market in the coming years.
- Some of the major players are also involved in the manufacturing of innovative sprayers based on the current situation and the customer demand to reduce the increasing labor costs and finding skilled labor to operate equipment. In 2022, John Deere Teams with Driverless Agricultural Sprayer manufacturer GUSS Automation LLC to collaborate on sprayer sales and facilitate further product development with AI and IoT to help the four-wheeled sprayers complete the tedious, time-consuming and hazardous task of spraying chemicals and other agents on high-value crops in orchards and vineyards.
- Factors which are driving the market are the increase in average farm size leading to the adoption of sprayers, and technological advancements in terms of new innovative sprayers that cater to the needs of South American farmers are some of the factors driving the market growth for sprayers.