Fertilizer Spreader Market - Forecasts from 2023 to 2028

The global fertilizer spreader market is projected to grow at a CAGR of 5.45% to reach US$987.844 million in 2028 from US$681.354 million in 2021

A fertilizer spreader is an instrument that is used to disperse bulk materials, particularly manure, or to spread fertilizer, across a considerable region. The fertilizer spreaders market is being driven by the rising availability of finance to farmers and the rising concern about food security.

The present demand and innovation are concentrated on pre-harvest and post-harvest machinery like seed spreaders, fertilizer sprayers, threshers, harvesters, drilling machines, etc., starting with the demand for basic machinery like tractors, plows, and threshers. Another significant factor driving the market demand is the rising need for effective and efficient irrigation and crop protection methods and procedures, particularly in emerging nations.

Market Drivers

Rising consumption of fruit and vegetable

 An increase in demand for fruit and vegetable food products is anticipated, which will further provide profitable and rewarding growth prospects for this industry. Growing government assistance for the agricultural sector, the growth of the agrochemicals business, particularly in developing nations, and the acceleration of globalization will all boost the fertilizer spreader market.

Rising demand for crops with improved quality

The growing demand for crops of higher quality is the main factor propelling the global fertilizer spreader market. The fertilizer spreader eliminates the need for physical labor in agriculture, which has increased its demand in recent years. In addition, rising population, shrinking arable land, and unfavorable climatic changes are further fueling market expansion.

Using a fertilizer sprayer to apply fertilizers increases efficiency and has a limited negative impact on the health of the soil. Governmental subsidies for agricultural equipment are also a major factor in the market's growth. As agricultural land becomes less available, new technologies are being created and used that are accelerating market expansion for fertilizer spreaders.

Farm labour shortage

According to a poll conducted by the California Agricultural Bureau, more than 40% of farmers have experienced a persistent labor shortage over the years across a range of agricultural operations, this has significantly upsurged the fertilizer spreader market size. Additionally, even if there is a surplus of farm labor overall, local labor shortages can occur if employees are not present at the appropriate time and location. Recent years have seen an acute shortage of farm labor across the world.

Adoption of technology in agriculture

The pace of technology adoption is notably high in industrialized regions like Europe and North America as most manufacturers and farmers rely on machinery like seed spreaders to minimize work and preserve the time that can be used for other tasks, majorly owing to high per capita income.

Modern technology has been utilized by agricultural equipment makers to spread fertilizers and capture data for analysis and practical uses. Farmers can map their fields, sample the soil, and scout their crops with the use of GPS technology on fertilizer sprayers and other equipment. Additionally, it enables them to perform as effectively as possible in low-visibility field circumstances including rain, dust, and fog.

Regional Market Overview

Asia-Pacific is predicted to have a significant share in the worldwide fertilizer spreader market, due to its growing reliance on fertilizers to boost agricultural production. North America and Europe are also predicted to have strong market growth, due to their high rate of technological adoption and high per capita income.

By 2050, the World Bank predicts that around 68% of people will live in urban areas. The labor employed in the agricultural industry will be significantly impacted by this movement, which will increase the contribution of farm mechanization and the use of machines to spread fertilizers.

Market players are anticipated toinvestigate the Middle East and African, and South American markets with a portfolio of mounted and trailed spreaders appropriate for the region by looking at agricultural mechanization, where it is comparatively low. Manufacturers are searching for capacity expansion in the nations since the fertilizer spreader business is currently witnessing steady growth.

Technological Advancements

There are numerous domestic and international participants in the moderately fragmented global fertilizer spreader market.  The present environment forces businesses to modify and enhance their value offer to have a strong market presence. It is anticipated that the industry will experience increased consolidation, due to the highly competitive climate. Therefore, vendors must distinguish their supplies of goods and services through a distinct value proposition to thrive in the fiercely competitive fertilizer spreader market.

Among the top manufacturers in the world market for fertilizer spreaders are AGCO Corp., Deere & Co., CNH Industrial, Kubota. These key players compete fiercely on the international scene. To attain economies of scale, several players provide diverse agricultural equipment.

Fertilizer Spreader Products

• Fieldking Fertilizer Spreader, the Fieldking Fertiliser Spreader is a practical and effective agricultural tool for farmers using contemporary farming techniques.
• X40+ and X50+, performances to please even demanding audiences with extremely consistent spreading across wide widths of up to 50 m, remarkable site application velocity, very high capacity of up to 4200 l, streamlined logistics, and straightforward, stress-free modification.

Market Key Developments

• In May 2023, Jacto’s Uniport 5030 NPK features a tank with a capacity of 5,000 kg, an application breadth of up to 50 meters for granular fertilizers, and a width of 12 meters for powder products, was brought to NAMPO 2023. Numerous innovations included in the fertilizer spreader minimize costs and have less of an impact on the environment.
• In March 2023, all 4 drum models of the PZ 100 series were superseded by the Kuhn PZ 1000 series. While incorporating the updated functionality, certain crucial elements from the earlier versions are being kept.
• In 2023, to address the crop protection concerns of the future, KUHN Group incorporated I-SPRAY revolutionary technology into its sprayers in collaboration with CARBON BEE.

Segmentation:

By Product Type

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

By Components

• Hopper & Storage
• Drop Tube
• Fertilizer Distributor

By Application

• Farm
• Garden Landscape
• Others

By Geography

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• United Kingdom
• Germany
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• Japan
• China
• India
• South Korea
• Indonesia
• Thailand
• Others