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Showing posts with the label Planting Machinery
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The global market for Planting & Fertilizing Machinery is forecast to reach US$15.5 billion by 2024, driven by the untapped potential offered by low levels of farm automation in developing regions and replacement sales in developed markets supported by continuous innovation and addition to new technology features and functions. A key trend driving sales growth is the need among agriculturists across the globe to hedge the risks posed by worsening labor shortages with automated machinery and meet farm productivity goals to remain competitive and support national level food security goals. Against the backdrop of population growth, the need to increase food production by achieving optimum productivity on limited arable land is rendering mechanization of farming activities a necessity. Benefits of mechanization making it an important national priority in agriculture development include increase in per man productivity; increased production in the form of higher yield of land per...

Low Farm Mechanization in Developing Countries & Increased Reliance on Machine Power to Drive Agricultural Productivity to Benefit Global Sales of Planting & Fertilizing Machinery

Untapped potential offered by low levels of farm automation in developing regions, replacement sales in developed markets, and growing reliance on machine power to drive farm productivity are poised to drive the global market for Planting & Fertilizing Machinery to reach US$15.5 billion by 2024 .   Planting and fertilizing machinery includes equipment used in accomplishing some of the very important initial tasks in farming such as sowing of seeds, planting of seedlings and application of fertilizers, among others. The general trend driving sales in the market is the need among agriculturists across the globe to adopt automated machinery as a replacement for hand-labor oriented farm activities, to maintain productivity and cost balance. Against the backdrop of population growth, the need to increase food production through limited arable land is rendering mechanization of farming activities a necessity. Also, falling agricultural commodity prices are exerting pressure on ...