Global Fertilizer Spreader Market – Industry Trends and Forecast to 2030

Fertilizer Spreader Market Analysis and Size

The name indicates that a fertilizer spreader is agricultural equipment used to disperse fertilizer. The fertilizer spreader calibrates different application rates. The calibration is totally dependent on the spreading substance utilized. Fertilizer spreaders aid in the distribution of bulk ingredients across a large region, increasing agricultural output overall. Rise in demand for fertilizers in farming, which drives market growth.

Data Bridge Market Research analyses that the fertilizer spreader market which was USD 726.37 million in 2022, would rocket up to USD  986.47 million by 2030, and is expected to undergo a CAGR of 3.90% during the forecast period. “Drop spreader” dominates the product type segment because it requires extra attention to ensure that various portions of the grass receive equal treatment. It is simpler to handle and more accurate than a broadcast spreader. It works effectively on lawns or locations smaller than 5,000 square feet. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

Fertilizer Spreader Market Scope and Segmentation

Market Definition

A fertilizer spreader is a piece of agricultural machinery used to distribute and spread fertilizer, seed, lime, ice melt, sand, and other materials. Depending on the spreading material, the fertilizer spreader calibrates the rate of application. In general, it is a chemical composition of dry pelletized free-flowing material that requires a specified application rate. Farm seeder equipment can be replaced with a fertilizer spreader. Spreaders are used to disperse fertilizer and grass seed uniformly throughout the lawn.  

Fertilizer Spreader Market Dynamics

Drivers

• Fertilizer Demand is Increasing in Agriculture

Fertilizer demand has increased on farms across the world. Furthermore, an increased demand for vegetables and fruits grown with low fertilizer usage is expected to increase demand for potassium fertilizers and phosphorous fertilizer for agricultural operations, encouraging the use of fertilizer spreading equipment and boosting market growth. Labor shortages in emerging nations such as India, Brazil, South Africa, and others are expected to boost market expansion

• Raising Awareness of the Advantages of Fertilizer Spreaders

Fertilizer spreaders allow for accurate and consistent fertilizer delivery over fields. This results in enhanced nutrient distribution, which leads to greater crop health and production. Farmers are more likely to invest in fertilizer spreaders to increase production as they see a favorable influence on their harvests. According to the Indian Journal of Fertilizers, overall fertilizer product use in 2021 to 2022 was 63.94 million MT. Fertilizer spreaders enable farmers to apply fertilizer in precise proportions that are customized to the demands of each crop and field. This effective fertilizer usage lowers costs and decreases pollution, making it an appealing prospect for ecologically conscientious farmers

• Government’s Increasing Role Supports the Fertilizer Spreader Market

Government subsidies, which provide financial assistance and incentives to farmers and agricultural enterprises, are critical in encouraging the expansion of the fertilizer spreader industry. These incentives make fertilizer spreaders more economical and accessible to a wider variety of farmers, resulting in increased usage. Governments frequently grant subsidies to encourage agricultural methods that boost agricultural production and crop yields. The Punjab government stated in February 2023 that it will grant subsidies to farmers in the state for the purchase of different agricultural gear, including fertilizer broadcasters. Spreader subsidies encourage farmers to employ this technology to increase production, so contributing to overall agricultural growth

Opportunity

• Smart and Autonomous Spreader Development

As agriculture meets digital technology, a new frontier of innovation is emerging in the worldwide fertilizer spreader industry, opening up many avenues to a smart agricultural future. Fertilizer spreader manufacturers have grown extremely competitive, with businesses continually striving to improve and differentiate their products at reasonable pricing. Currently, fertilizer spreaders employ cutting-edge technology created by agricultural equipment manufacturers to gather and analyze data for real-world applications. Farmers benefit from GPS technology on fertilizer spreaders and other agricultural equipment for field mapping, soil sampling, and crop scouting. It also enables them to operate efficiently in low visibility field circumstances such as rain, dust, and fog

Restraint/Challenge

• Fluctuations in Raw Material Prices and a Hefty Initial Investment

Metal alloys, stainless steel, and other metals are important raw materials used in production. Raw material prices, particularly metal and stainless steel, are volatile. The price of these items and the profitability of their manufacturers might be affected by changes in raw material costs. For instance, if the price of steel, metal, and alloys rises, the price of fertilizer application equipment may rise as well, affecting sales. As a result, it is expected that variations in raw material costs would hinder the market's quick development 

Fertilizer spreaders, particularly ones with innovative technology and bigger capacity, may be costly. This cost can be too expensive for small-scale farmers or those with low financial means, who may struggle to acquire such gear. As a result, these farmers may prefer manual or less effective fertilizer application techniques, which might impede spreader adoption and limit market development in this category. Land, seeds, other machinery, and operational fees are all common expenses and investments for farmers. Because fertilizer spreaders have a hefty initial cost, they may compete with these other critical expenses, and some farmers may prioritize other areas over acquiring a spreader

This fertilizer spreader market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the fertilizer spreader market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth

Recent Developments

• In May 2023, Jacto, an agricultural machinery company, showcased revolutionary fertilizer spreading and spraying equipment at NAMPO 2023. The Uniport 5030 NPK fertilizer spreader was the star of this Nampo edition
• In December 2022, Earth & Turf Products, a dresser and turf care equipment manufacturer, has introduced a new range of Dri-Flo drop spreaders
• In January 2021, Rauch Landmaschinenfabrik GmbH, an agricultural machine manufacturer, has introduced a three-point attachment pneumatic fertilizer spreader. It has a hopper capacity ranging from 1900 to 3200 liters

Global Fertilizer Spreader Market Scope

The fertilizer spreader market is segmented on the basis of product type, components, application, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Dry Spreaders
• Drop Spreaders
• Rotary Spreaders
• Liquid Spreaders
• Pendulum Spreaders

Components

• Hopper or Storage
• Drop Tube
• Fertilizer Distributor

Application

• Farm
• Garden Landscape
• Others

Distribution Channel

• Original Equipment Manufacturer (OEM)
• Aftermarket

Fertilizer Spreader Market Regional Analysis/Insights

The fertilizer spreader market is analysed and market size insights and trends are provided by country, product type, components, application, and distribution channel as referenced above.

The countries covered in the fertilizer spreader market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Asia-Pacific dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2023 to 2030. This is owing to the expanding acreage under agricultural domain notably in the developing economies such as India and China. Growing awareness, more personal disposable money, increased reliance on fertilizers to boost crop yield, and increased government backing are some of the other major elements promoting the expansion of this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data. 

Competitive Landscape and Fertilizer Spreader Market Share Analysis

The fertilizer spreader market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to fertilizer spreader market.

Some of the major players operating in the fertilizer spreader market are:

• AGCO Corporation (U.S.)
• CLAAS KGaA mbH (Germany)
• Deere & Company (U.S.)
• KUHN Group (Switzerland)
• KUBOTA Corporation (Japan)
• Mahindra & Mahindra Ltd. (India)
• Adams Fertilizer Equipment (U.S.)
• Bogballe (Denmark)
• EarthWay Products Incorporated Inc. (U.S.)
• Farmec Ireland Ltd. (Ireland)
• Dalton AG Inc (U.S.)
• Great Plains Ag (U.S.)
• Keith Rennie Machinery Ltd (U.K.)
• Kverneland AS (Norway)
• Salford Group, Inc. (U.S.)
• The Scotts Company LLC (U.S.)
• Teagle Machinery Ltd (U.K.)
• CNH Industrial N.V. (Netherlands)
• Buhler Industries Inc. (Canada)
• IRIS SPREADERS, CO (South Korea)

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