The Business Research Company’s Fertilizing Machinery Global Market Report 2020-30: Covid 19 Growth And Change. The report covers market size, key players, market share and trends.
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Fertilizing Machinery Global Market Report 2020-30: Covid 19 Growth And Change is one of a series of new reports from The Business Research Company that provide Fertilizing Machinery market overviews, analyze and forecast market size and growth for the whole market, Fertilizing Machinery market segments and geographies, Fertilizing Machinery market trends, Fertilizing Machinery market geographies. The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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The fertilizing machinery market consists of sales of fertilizing machinery by entities (organizations, sole traders or partnerships) that are engaged in manufacturing fertilizing machinery such as wheel hoe, cono weeder, fertilizer dibbler and others. Only goods and services traded between entities or sold to end consumers are included.
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The fertilizing machinery market is expected to decline from $14.80 billion in 2019 to $13.70 billion in 2020 at a compound annual growth rate (CAGR) of -7.5%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities resulting in operational challenges. The entire supply chain has been disrupted, impacting the market negatively. The market is expected to further decline and reach $13.12 billion in 2023 at a CAGR of -1.4%.
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