Share this article Share this article ResearchAndMarkets.com's offering. Looking Beyond COVID-19, Agricultural Yields Must Rise to Meet Food Needs of a Growing Population. As a Productivity Enhancement Tool, Agricultural Sprayers to Reach $2.8 Billion The global market for Agricultural Sprayers is expected to decline by -5% in the year 2020 and thereafter recover and grow to reach a market size of US$2.8 billion by the year 2027, trailing a post COVID-19 CAGR of 6.2% over the analysis period 2020 through 2027. World population will continue to grow to reach 9.7 billion by 2050. The mind-bending spurt in population growth is triggering fears that the world is heading for a population crisis. A key fallout of global population growth is the pressure exerted on resources especially food. Already millions of people worldwide are experiencing the effects of food insecurity such as physical and economic access to adequate and healthy food; increase in malnutrition; inability to afford nutritious food; dietary inadequacy and inability to lead productive and healthy life. Rise in global food and oil prices are additionally making food availability unequal among the layers of the society and communities.