PLOT SEEDERS MARKET ANALYSIS

Regional Analysis

Global Plot Seeders Market: Regional Insights

On the basis of region, the global plot seeder market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is expected to account for the dominant position in the market during the forecasted period. Maximization of crop productivity by adopting new techniques such as crop sensors, air spray seeder, robots, and many more, rising demand of agriculture production, growing concern for increasing productivity of farmers are some of the factors that will help in fuelling growth of the plot seeder market in this particular region For instance, according to the United States Food and Agriculture Organization, the global cereal consumption was 38 million tonnes in 2016 and was increased by 1.5% in 2017. Moreover, the U.S. government also started supporting the farmers in terms of providing the facility of loans, rental facility that helps them to purchase new equipment, which would increase production of crops by minimizing wastage of seeds. This will be another factor for the increase in adoption of plot seeder machine Moreover, government authorities are also conducting training programs for famers, in order to increase awareness about benefits of using advanced technology in farming For instance, in February 2015, U.S. Department of Agriculture (USDA) had invested approximately US$ 18 million for conducting training programs for farmers.

Asia Pacific is expected to exhibit high growth during the forecasted period. This owing to increasing population in countries such as India and China, where high percentage of population focuses on farming to earn their livelihood. Factors such as high rate of adoption of new technologies so that the productivity of farm operations can be improved and costs can be cut down, booming economy and rise in food demand is expected to drive this industry’s growth in the region. Therefore, strong economic growth in emerging economies such as China, India, and the Middle Eastern is projected to further drive demand for plot seeder in the agriculture sector.