Agricultural Dryer Market Size, Share Report, Analysis, Trends, Growth, 2030

Agricultural Dryer Industry Prospective:

The global agricultural dryer market size was worth around USD 1400 million in 2022 and is predicted to grow to around USD 1900 million by 2030 with a compound annual growth rate (CAGR) of roughly 4.5% between 2023 and 2030.          

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Agricultural Dryer Market: Overview

An agricultural dryer is a specialized equipment used to dry a variety of crops, most notably grains and legumes. Grain dryers are a crucial tool for each farmer and farm, regardless of size, as drying is a necessary process for the storage and sale of these goods. The dryer is required after harvesting to enable the storage of grain that would otherwise get moldy, wasting the work put in from planting to ripening in a matter of hours or days. This is similar to how the combined harvester is used to gather the cereal from the field.

The agricultural dryer market is driven by several factors such as growing demand for processed food products, technological advancements, government initiatives and subsidies, rising global population and food security concerns, expansion of commercial farming and agribusiness and many others.

Key Insights

• As per the analysis shared by our research analyst, the global Agricultural Dryer market is estimated to grow annually at a CAGR of around 4.5% over the forecast period (2023-2030).
• In terms of revenue, the global Agricultural Dryer market size was valued at around USD 1400 million in 2022 and is projected to reach USD 1900 million, by 2030.
• The growing population along with rising food demand drives the market expansion during the projected period.
• Based on the type, the mobile dryer segment is expected to grow at the fastest rate over the forecast period.
• Based on the application, the commercial segment is expected to hold the largest market share during the forecast period.
• Based on region, North America is expected to dominate the market during the forecast period.

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Agricultural Dryer Market: Growth Drivers

Various advantages of using Agricultural Dryers drive market growth

Utilizing the agricultural dryer is crucial since it enables consumers to gain several advantages. As one of the most crucial steps in the whole cereal chain, drying serves to get the cereal ready for long-term preservation. In addition to slowing down the ageing, fermentation, and generation of toxins and mycotoxins, the grain retains all of its enzymes and nutritious components. Owing to drying, grains can be kept in storage for extended periods, thus mitigating the risks associated with unfavorable harvests or weather conditions.

From a nutritional perspective, the advantage is clear: dried cereal is a safer and more nutrient-dense diet, and this processing preserves its original quality. Not to mention, using an agricultural dryer may boost output and, in turn, profits.

Agricultural Dryer Market: Restraints

High-cost hamper market growth

Purchasing and setting up agricultural dryers might have significant upfront expenditures. This covers the acquisition of infrastructure, drying apparatus, and associated technologies. Agricultural dryer operating and maintenance expenses, including energy usage and routine maintenance, can also be high after the original investment.

For instance, according to secondary sources, the pricing range for Grain Dryers in India is 95,000 to 8,00,000 INR, which is a significant amount for small farmers. Thus, hampering the agricultural dryer industry growth.

Agricultural Dryer Market: Opportunities

The rising global population and food demand offer a lucrative opportunity for market growth

The need for food is rising because of the growing worldwide population, which offers a substantial potential for the agricultural dryer industry. There is a chance to increase the use of cutting-edge drying technologies to fulfill the demand for processed and preserved food items as the requirement for effective post-harvest processing increases.

For instance, according to United Nations projections, there will be 8.5 billion people on the planet by 2030, 9.7 billion in 2050, and 10.4 billion by 2100. Africa is predicted to see more than half of the world's population increase between now and 2050. Out of all the main regions, Africa has the fastest pace of population increase. By 2050, sub-Saharan Africa's population is expected to have doubled. Thus, the growing population growth and food demand are expected to offer a lucrative opportunity for the agricultural dryer market over the forecast period.

Agricultural Dryer Market: Challenges

Limited awareness and infrastructure challenges pose a major challenge to market growth

Farmers' ignorance of the advantages and correct usage of agricultural dryers might prevent them from being widely used. Furthermore, there might not be enough infrastructure in some developing nations to enable the efficient use of agricultural dryers. This encompasses problems like unstable electricity supplies and poor transit infrastructure. Thus, acting as a major challenge for the agricultural dryer industry expansion.

Agricultural Dryer Market: Segmentation

The global agricultural dryer industry is segmented based on the type, application, and region.

Based on the type, the global Agricultural Dryer market is bifurcated into Stationary Dryer and Mobile Dryer. The mobile dryer segment is expected to grow at the fastest rate over the forecast period. Farmers may set up drying operations right in the field where their crops are collected due to the flexibility provided by mobile dryers. This saves time and costs by obviating the need to transport crops to a central drying facility. Furthermore, farmers may more easily adjust to shifting weather conditions with the help of mobile dryers. Mobile units minimize the impact on drying operations by being easily moved to protected places in the event of unexpected rain or bad weather. Thus, these benefits offered by the mobile dryer are expected to drive the segment expansion.

Based on the application, the global Agricultural Dryer industry is categorized into Residential and Commercial. The commercial segment is expected to hold the largest market share during the forecast period. Due to their enormous drying capacity, commercial agricultural dryers are appropriate for processing huge quantities of crops. This satisfies the requirements of food processing plants and commercial farming enterprises. In commercial agriculture, the importance of sustainability and energy efficiency is rising. Commercial dryers with integrated energy-efficient technology and, if feasible, renewable energy sources can be produced by manufacturers. The sophisticated control and monitoring systems of these dryers are advantageous. Precise control over the drying process is made possible by smart sensors, automation, and data analytics, which maximize drying efficiency and quality. Thereby, driving the agricultural dryer market growth.

Agricultural Dryer Market: Report Scope

Regional Analysis

North America is expected to dominate the Agricultural Dryer market during the forecast period

North America is expected to dominate the Agricultural Dryer industry during the forecast period. The agricultural industry in North America is vast and involves the production of many different types of crops, including cereals, fruits, vegetables, and specialty crops. The need for agricultural dryers made specifically for various crop kinds is fueled by this variety. Additionally, North America's agriculture industry is notable for its high degree of technology adoption. Using cutting-edge tools and technology is part of this, and agricultural dryers are no different. The market is influenced by the need for innovative technologies that improve productivity. Furthermore, the growing government initiatives are expected to drive the agricultural market over the forecast period.

In March 2023, The Honourable Marie-Claude Bibeau, Minister of Agriculture and Agri-Food, announced federal assistance for 45 new initiatives aimed at encouraging Canadian farmers to use more effective grain drying equipment. Through the Agricultural Clean Technology Program - Adoption Stream, this investment of up to more than $22.2 million has allowed the Program to finance 99 grain dryer projects nationwide, totaling more than $37.1 million. With $10 million designated for fuel-switching programs and $50 million set aside for the purchase and installation of more efficient grain dryers, this program is already assisting hundreds of farmers in adopting clean technology that will power their farms with cleaner energy.

For instance, up to $2 million will be given to Geerts Farms Ltd., a family-run canola, wheat, and oat farm located in Kamsack, Saskatchewan, to buy and construct a new grain dryer and biomass boiler that runs on wood waste that is acquired locally. Consequently, there will be no more consumption of propane throughout the drying process. To feed a rising population and maintain a low-carbon economy, the Canadian government is investing in clean technology adoption, research, and development.

Agricultural Dryer Market: Competitive Analysis

The global agricultural dryer market is dominated by players like:

• PETKUS Technologie GmbH
• Zoomlion
• Agrimec
• Mecmar
• Bühler
• Clim.Air.50
• POLnet
• Chief Agri
• Fratelli Pedrotti
• ZAFFRANI
• Mysilo (Siloport)
• Sukup Manufacturing
• Moty
• Bernardin
• GSI Group
• Cross Agricultural Engineering
• MEPU OY
• Agridry Dryers
• Agremo

The global agricultural dryer market is segmented as follows:

By Type

• Stationary Dryer
• Mobile Dryer

By Application

• Residential
• Commercial

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa