Press Release

Brazil Precision Agriculture Market to Boost Due to Government Induced Policies & Initiatives for Sustainable Agriculture

The Brazil Precision Agriculture Market is projected to grow at a CAGR of 17.97% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. The market growth is driven by technological advancements, government policies, and awareness among farmers regarding environmental sustainability. One of the pivotal factors contributing to the rise of precision agriculture in Brazil is the National Policy on Agroecology and Organic Production (PNAPO), which emphasizes sustainable agricultural practices, including precision farming techniques.

Additionally, Brazil's Forest Code mandates landowners to maintain a certain portion of their land as legal reserves or areas of permanent preservation, which incentivizes farmers to utilize precision techniques to maximize production within designated areas. Apart from this, government subsidies & budget allocations further bolster the adoption of precision agriculture in Brazil. For instance, the Brazilian Agricultural Research Corporation (EMBRAPA) receives substantial funding for research and development in agricultural technologies, including precision farming tools and methodologies. Moreover, initiatives, such as the Program for the Strengthening of Agroecology (PAA) provide financial support to farmers adopting sustainable & precision farming practices.

Further, the integration of Light Detection and Ranging (LiDAR) technology into drone systems, is presenting a significant advancement poised to enhance precision agriculture adoption in Brazil. LiDAR-equipped drones provide high-resolution 3D mapping, enabling precise data collection of crop fields, topography, and vegetation. This data facilitates in-depth analysis of soil & plant health, empowering farmers with insights to optimize resource management.

Also, the expansion of regional training centers further aids technology adoption among small- & medium-sized farmers. Through R&D investments, these hubs promote the development of tailored technologies, making precision agriculture more accessible & competitive in Brazil, further states the research report, “Brazil Precision Agriculture Market Analysis, 2024.”

Brazil Precision Agriculture Market Segmentation Analysis

Cereals & Grain is Foreseen to Attain Significant Share in Brazil Precision Agriculture Market

Based on the end-user segment, the market is bifurcated into Cereals & Grains, Oil Seeds & Pulses, Fruits & Vegetables, and Others (Herbs, Ornamental Plants, etc.). Among them, Cereals & Grains stand out as prominent crop types in Brazil, demanding the utilization of precision agriculture techniques. Cereals and grains constitute a significant portion of Brazil's agricultural output, with crops like soybeans, corn, and wheat being major contributors to the country's economy. Given their economic importance, optimizing the production of cereals and grains is crucial for maintaining food security and export competitiveness.

Additionally, the cultivation of cereals and grains often spans large areas of land, presenting challenges in uniformity of soil conditions, pest management, and resource allocation. Precision agriculture techniques offer solutions to these challenges by enabling targeted interventions based on detailed spatial data, thus optimizing inputs and maximizing yields.

Precision Spraying to Gain Wider Momentum in Brazil Precision Agriculture Market

On the basis of Application, the Brazil Precision Agriculture Market is segmented into, Precision Irrigation, Yield Monitoring, Precision Spraying, Precision Fertilization, Precision Planning, Data Management, and Others (Nematode Mapping, Weed Mapping, etc.). Among them, Precision spraying emerges as a prominent application area for precision farming solutions and services in Brazil. The country’s vast agricultural landscape encompasses diverse crop types and topographies, leading to varying pest pressures and weed infestations. Thus, precision spraying enables targeted and efficient application of pesticides and herbicides, minimizing environmental impact and reducing input costs.

Brazil Precision Agriculture Market Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Agres Sistemas Eletrônicos SA, AGCO Corporation, BASF SE, Bayer AG, Deere & Company, Leica Geosystem AG, Farmers Edge Inc., Raven Industries Inc., Topcon Corporation, and Trimble Inc., and others, are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the Brazil Precision Agriculture Market?
3. What key factors would propel and impede the industry in Brazil?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across Brazil?
6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-2030?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?