The harvester industry has seen significant growth in recent years, driven in part by a shift towards organic farming and sustainable agriculture. This trend is expected to continue, with analysts predicting a compound annual growth rate (CAGR) of 7.2% in the global harvester market from 2021 to 2028.
Organic farming is gaining popularity due to concerns over the use of synthetic chemicals and their impact on the environment and human health. This has led to an increase in demand for crops that are grown without the use of synthetic pesticides and fertilizers. In turn, this has created a need for farming equipment that is designed to work with organic crops and meet the specific requirements of organic farming.
The rise in sustainable agriculture has also played a significant role in the growth of the harvester industry. Sustainable agriculture focuses on maintaining the health of the soil and ecosystems, using natural resources efficiently, and reducing the use of chemicals. This approach requires specialized farming equipment that can handle the unique needs of sustainable agriculture.
Harvesters are essential equipment for farmers as they help in harvesting crops quickly and efficiently. The increasing demand for organic and sustainable agriculture has driven the need for specialized harvesters that can handle these crops. Manufacturers have responded to this demand by developing specialized harvesters that can work with a variety of crops and meet the unique requirements of organic and sustainable farming.
Another factor driving the growth of the harvester industry is the increasing global population. The world population is expected to reach 9.7 billion by 2050, and this will require an increase in food production to meet the growing demand. Harvesters are critical equipment in the food production process, as they help farmers to harvest crops quickly and efficiently.
The harvester industry is also experiencing technological advancements, with manufacturers developing more sophisticated and efficient harvesters. Advancements in technology have led to the development of self-propelled harvesters that are more efficient and productive. These harvesters are equipped with advanced sensors and controls that enable them to work more efficiently and with greater precision.
In conclusion, the harvester industry is experiencing significant growth due to the shift towards organic farming, sustainable agriculture, and increasing global population. This trend is expected to continue, with the industry predicted to see steady growth in the coming years. As manufacturers continue to develop specialized and advanced harvesters, farmers will have access to more efficient and productive equipment to help them meet the growing demand for food.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Everest Market Insights journalist was involved in the writing and production of this article.