The Asia Pacific Grain Processing Equipment Market would witness market growth of 8.6% CAGR during the forecast period (2020-2026). The growing population base across the world has greatly impacted the requirement for crop yields and food products, therefore the demand for more efficient agriculture equipment has also increased.
The demand of grain and seed cleaning equipment is increasing due to the rising crop yield. The population is growing exponentially which results in the increased demand for food, and thus the demand for processed grains from food processors and food manufacturers has also increased. Certain developing regions are implementing smart farming techniques that would help them to grow a variety of crops effectively. This factor will contribute to the market growth. Moreover, increasing globalization and shifting lifestyle will act as a catalyst for the market growth.
However, the absence of awareness among farmers about the availability of grain processing machinery is among the biggest challenge witnessed in the grain processing machinery market. Farmers are still using outdated and unproductive technologies in agricultural production, so awareness about new technology is still limited. This is expected to hamper the growth of the global grain processing equipment market over the forecast period. In addition, in developing countries such as India, China, and Indonesia, till day agriculture is a labour-intensive industry as there is low adoption of advanced technology. This is likely to hinder the grain processing equipment market. Moreover, there are robust regional differences like rain-fed in hot areas or abrupt climatic change may also restrain the growth of the market.
Based on Mode of Operation, the market is segmented into Semi-Automatic and Automatic. Based on Machine Type, the market is segmented into Processing and Pre-Processing. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Grain Processing Equipment Market in Asia Pacific is expected to register a CAGR of 8.6% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include GEA Group AG (Golfetto Sangati S.r.l.), Forsberg Agritech (India) Pvt. Ltd., Satake USA, Inc. (Satake Corporation), PETKUS Technologie GmbH, Osaw Agro Industries Private Limited, Alvan Blanch Development Company Limited, Lewis M. Carter Manufacturing, LLC, Zhengzhou VOS Machinery Equipment Co., Ltd., Lianyungang Huantai Machinery Co., Ltd., and Westrup A/S.
By Mode of Operation
By Machine Type
By Country
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