Planters Market Share, Size, Trends, Industry Analysis Report, By Product Type (Broadcast, Drill Precision, Dibble, and Specialized); By Mechanism; By End Use; By Region; Segment Forecast, 2024 – 2032
- Published Date:Jan-2024
- Pages: 118
- Format: PDF
- Report ID: PM3825
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
The global planters market was valued at USD 3.87 billion in 2023 and is expected to grow at a CAGR of 4.80% during the forecast period.
Continuous increase in the demand for agricultural machinery offering a combination of various sustainable agricultural practices that provides increased yield through retaining the soil moisture and help the conservation of soil coupled with the drastic growth in the number of people engaging in different types of gardening activities, are among the primary factors boosting the market growth.
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In addition, planters are now not just functional but they also started serving as decorative elements for homes, offices, and public spaces, as various people are seeking planters to enhance the aesthetic appeal of their surroundings, which encourages manufacturers to develop new types of planters and create more revenue opportunities over the years.
For instance, in March 2023, AIS, announced the launch of its new dry planters that expand their Calibrate laminate series, mainly designed to enhance workplace experience. The new range of dry planters are available in three different styles, widths, depths, and many heights that including stack-on, freestanding, and single.
Moreover, the rising incorporation and integration of various advanced technologies, allowing users to effectively monitor and control plant health remotely and the introduction to smart planters with enhanced capabilities including sensors which measure soil moisture, light levels, and temperature, are also likely to positively influence the global market soon.
The outbreak of the COVID-19 pandemic has significantly impacted the growth of the planters market. The rapid spread of the deadly coronavirus across the globe resulted in huge disruptions in global supply chains that affected the availability of planters and forced countries to take stringent actions like lockdowns, social distancing measures, and trade restrictions, which lead to a decline in consumption expenditure and reduced value of imports globally.
Industry Dynamics
Growth Drivers
Growing Interest in Gardening
The rapidly increasing popularity and penetration for vertical gardens specifically for large installations including public spaces, commercial properties, and apartment buildings because of their ability to reduce air pollution and improves biodiversity along with the decreasing availability of raw materials due to weather uncertainties & water scarcity and reduction in arable land all over the world, are among the leading factors driving the demand and adoption of planters worldwide at significant pace.
Furthermore, the significant improvements in livelihoods of the farmers worldwide with the surge in adoption of innovative and sustainable crop systems developed by key companies operating in the industry and the exponential rise in preference for mechanized handed equipment for performing various farming operations, are likely to generate huge growth potential for the planters market in the near future.
Report Segmentation
The market is primarily segmented based on product type, mechanism, end use, and region.
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By Product Type |
By Mechanism |
By End Use |
By Region |
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By Product Type Analysis
Drill Segment Accounted for the Largest Share in 2022
The growth of the segment can be accelerated to the growing adoption of highly advanced drill planters across the world and the higher prevalence for the product use in mechanized planting, as it offers significant labor cost savings compared to traditional or conventional planting methods. Besides this, the major companies operating in the market are increasing their focus on designing drills that plant seeds on consistent depth and resulting in effective seed replacement, which bodes well for the segment market growth.
The precision segment is anticipated to grow at the fastest growth rate over the next coming years, which is majorly driven by the emerging trend towards mechanization in agriculture and growing proliferation for incorporating advanced technologies like GPS, sensors, and automated control systems among others, which makes them highly preferred for uniform spacing and precise seed placement.
By Mechanism Analysis
Mechanically Driven Segment Held the Significant Market Share in 2022
The mechanically driven segment held the largest share in terms of revenue in 2022, which is mainly accelerated to its ability to offer higher efficiency and precision in planting crops, as they are equipped with several advanced technologies, enabling accurate spacing, depth, and seed-to-soil contact. Along with this, mechanically driven planters are particularly beneficial for several large-scale operations and they significantly reduces planting time as compared to other manual methods, leading to increased adoption rates and demand among consumers all over the world.
The electrical driven segment is anticipated to gain substantial growth over the course of study period, mainly due to rising awareness about the environmental issues and greater need for reducing greenhouse gases emissions, which resulting in increased adoption for electrically driven planters by both individual consumers or commercial gardeners, as electric planters produce zero tailpipe emissions and contributes to cleaner air. Additionally, many governments across the world are offering various incentives and subsidies that includes tax breaks, grants, and many other financial benefits, for promoting or boosting the adoption electric agricultural equipment including electrical driven planters.
By End Use Analysis
Oilseeds & Pulses Segment is Projected to Witness Highest Growth
The oilseeds & pulses segment is expected to grow at highest growth rate during the anticipated period, on account of increasing demand for food products including oilseeds & pulses to meet the requirements and needs of rising global population coupled with changing consumer dietary preferences that led to higher consumption of different types of pulses due to their nutritional benefits.
For instance, according to the United Nations, the global population was estimated around 8 million in November 2022, with a significant increase of 1 billion since 2010 and 2 billion since 1998. And, the global population is likely to reach 9.7 billion in 2050 and could peak at around 10.4 billion in 2080.
Regional Insights
North America Region Dominated the Global Market in 2022
The North America region dominated the global planters market with considerable share. The regional market growth can be largely attributed to increasing demand for solutions allowing people to engage in gardening and plant cultivation even in the less or limited space and surge in the prevalence for home gardening and do-it-yourself culture in countries like US and Canada.
Apart from this, the growing emphasis on eco-friendly practices and sustainability and surging popularity of planters as decorative elements that enhance the overall aesthetics of outdoor spaces coupled with the rise in number of millennials showing interest in gardening, are further likely to boost the region’s growth. For instance, according to a report, 55% of United States residents or households are estimated to engage in gardening activities and millennials accounts for almost 29% of total gardener demographics and they have more interest in cannabis cultivation.
Asia Pacific will grow at rapid pace, owing to higher proliferation for modernizing agricultural practices and constant advances in precision agriculture and technology-driven farming practices mainly in densely populated countries like China and India.
Key Market Players & Competitive Insights
Key players in the market are constantly upgrading their technologies to stay ahead of the competition and to ensure efficiency, integrity, and safety. These players focus on partnership, product upgrades, and collaboration to gain a competitive edge over their peers and capture a significant market share.
Key players include:
- Amop Synergies
- Bracke Group
- Dawn Equipment Company
- Deere & Company
- East Jorden Plastics
- HC Companies
- Holland Transplanter
- Inter IKEA Systems
- Keter
- Khedut Agro
- Kinze Manufacturing
- Mahindra and Mahindra
- Monosem Inc.
- Poppelmann
- Schlagei Manufacturing
- Van Horlick Forestry
Recent Developments
- In May 2023, Plat Traps, announced the launch of its latest innovation called RailScapes Vertical Gardening Clips, that are likely to revolutionize the way consumer create their multi-tiered balcony gardens and is also bringing the patio planters up, that makes them a highly preferred and functional option for indoor spaces.
- In June 2022, UBQ Materials, introduced new thermoplastic is incorporating new planters developed by the Crescent Garden. The newly introduced range of planters are the first and only planters containing climate-positive material and will be easily available to commercial gardeners and consumers.
Planters Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 4.04 billion |
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Revenue forecast in 2032 |
USD 5.90 billion |
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CAGR |
4.80% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
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Segments covered |
By Product Type, By Mechanism, By End Use, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Customization |
Report customization as per your requirements with respect to countries, region, and segmentation. |
FAQ's
The global planters market size is expected to reach USD 5.90 billion by 2032.
Key players in the market are Amop Synergies, The HC Companies, Dawn Equipment Company.
North America contribute notably towards the global planters market.
The global planters market is expected to grow at a CAGR of 4.8% during the forecast period.
The planters market report covering key segments are product type, mechanism, end use, and region.
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