Fertilizer Spreader Market Size, Share, Industry Trends, Outlook, Growth and Market Forecast 2024-2031

Fertilizer Spreader Market is Segmented By Type (Dry Spreaders, Drop Spreaders, Broadcast Spreaders/Rotary Spreaders, Liquid Fertilizer Spreaders, Others), By Form (Solid, Liquid), By Power Source (Manual, Battery, Gasoline, Electric, PTO Driven), By Mounting (Mounted, Trailed, Self-propelled), By Hopper Material (Polyethylene, Stainless Steel, Others), By Capacity (Small, Medium, Large), By Distribution Channel (Company-Owned Shops, Specialty Stores, Hypermarket/Supermarket, E-Commerce, Others), By Application (Farm, Gardens, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Fertilizer Spreader Market Size

Global Fertilizer Spreader Market reached USD 687.6 million in 2022 and is expected to reach USD 1,063.2 million by 2030, growing with a CAGR of 5.6% during the forecast period 2024-2031. The adoption of precision agriculture practices is on the rise globally. Fertilizer spreaders play a crucial role in precision agriculture by enabling accurate and targeted application of fertilizers based on soil testing and crop needs.

This trend promotes sustainable agriculture practices, reduces environmental impact and increases crop yields.

According to FAO, feeding a population of 9.1 billion people in 2050, overall food production is required to raise by 70 percent between 2005/07 and 2050. With this increasing demand for food and shrinking arable land, there is a growing demand for maximizing agricultural productivity. Fertilizer spreaders which can cover larger areas in a shorter time, while providing precise application, are highly in demand by farmers seeking to increase their operational efficiency. As a result, the growing focus on efficiency and productivity is a key trend driving the fertilizer seed market growth.

Market Summary

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Market Dynamics

Rising Awareness about Benefits of Fertilizer Spreaders

Fertilizer spreaders enable precise and uniform application of fertilizers across the fields. This results in better nutrient distribution, leading to improved crop health and higher yields. As farmers observe the positive impact on their harvests, they are more inclined to invest in fertilizer spreaders to enhance productivity.

According to the Indian Journal of Fertilizers, in 2021-22 total consumption of fertilizer products was 63.94 million MT. Fertilizer spreaders allow farmers to apply fertilizers in controlled amounts, tailored to the specific needs of each crop and field. This efficient nutrient utilization reduces costs and minimizes environmental pollution, making it an attractive proposition for environmentally-conscious farmers. 

Government Subsidies

Government subsidies play a vital role in driving the growth of the fertilizer spreader market by providing financial support and incentives to farmers and agricultural businesses. These subsidies make fertilizer spreaders more affordable and accessible to a broader range of farmers, thereby increasing their adoption. 

Governments often provide subsidies to promote practices that contribute to increased agricultural productivity and higher crop yields. In February 2023, the Punjab government announced to provide subsidies to the farmers of the state to purchase various agricultural machinery which includes fertilizer broadcasters. Subsidies for spreaders incentivize farmers to use this technology to boost their productivity, contributing to overall agricultural growth.

High Initial Investment

Fertilizer spreaders, especially those equipped with advanced technologies and larger capacities, can be relatively expensive. This cost can pose a challenge for small-scale farmers or those with limited financial resources, as they may find it difficult to afford such machinery. As a result, these farmers might opt for manual or less efficient methods of fertilizer application, which can hinder the adoption of spreaders and limit market growth among this segment.

Farmers often have various expenses and investments to consider, including land, seeds, other machinery and operational costs. The high initial investment for fertilizer spreaders may compete with these other essential expenses and some farmers may prioritize other areas over purchasing a spreader.

Market Segmentation Analysis

The global fertilizer spreader market is segmented based type, form, power source, mounting, hopper material, capacity, application, distribution channel and region.

Versatility and Large-scale Application of Broadcast Spreaders

Broadcast spreaders are highly efficient for covering large areas quickly. They can distribute fertilizers and other granular materials in a wide pattern, making them well-suited for open fields and broadacre farming. Their ability to cover extensive areas in a short time significantly improves operational efficiency for farmers managing large tracts of land.

Broadcast spreaders are not limited to fertilizer application; they can be used for spreading various granular materials, including seeds, herbicides, insecticides and soil amendments. Their versatility makes them valuable tools for multiple agricultural tasks and allows farmers to optimize equipment usage throughout the cropping season. In September 2022, ECHO Incorporated launched 3 new broadcast spreaders such as ECHO RB-85W, ECHO RB-85S. ECHO RB-85.  ECHO-85 and ECHO-85S are intended for turf applications like spreading seeds, fertilizers, herbicides and pesticides. ECHO-85W is intended for hard surface and snow management applications such as spreading ice melt and rock salt on walkways.

Market Geographical Share

North America’s Growing Agricultural Machinery Industry

North America has been at the forefront of adopting precision agriculture practices, which emphasize data-driven decision-making and targeted application of resources. Fertilizer spreaders play a crucial role in precision agriculture, as they allow farmers to apply fertilizers with high accuracy based on soil testing and crop needs.

North America is home to several leading agricultural equipment manufacturers that continuously invest in research and development to introduce technologically advanced fertilizer spreaders. The availability of innovative and high-performance machinery attracts farmers looking to improve their operational efficiency and increase productivity. At the 2023 National Farm Machinery Show in Louisville, KUHN North America showcased its Advance .1 Series trailed fertilizer spreaders. The machines have a corrosion-resistant 304 stainless steel hopper and belt-over-chain conveyor. These models offer 300- and 350-cubic-foot capacities, respectively.

Fertilizer Spreader Market Companies

The major global players include Deere & Company, AGCO Corporation, Kubota Corporation, Kasco Manufacturing Co., Inc., CNH Industrial N.V., Mahindra & Mahindra Ltd., Adams Fertilizer Equipment, Bucher Industries AG, Farmec Ireland Ltd. and Bogballe A/S

COVID-19 Impact on Market

During the pandemic, there were disruptions in global supply chains due to lockdowns, travel restrictions and reduced workforce availability. These disruptions affected the production and distribution of agricultural machinery, including fertilizer spreaders, leading to delays and shortages in some regions. The economic slowdown caused by the pandemic resulted in decreased agricultural spending in some regions. Farmers faced financial uncertainties, leading to deferred or reduced investments in new agricultural equipment, including fertilizer spreaders.

By Type

• Dry Spreaders
• Drop Spreaders
• Broadcast Spreaders/Rotary Spreaders
• Liquid Fertilizer Spreaders
• Others

By Form

• Solid
• Liquid

By Power Source

• Manual
• Battery
• Gasoline
• Electric
• PTO Driven

By Mounting

• Mounted
• Trailed
• Self-propelled

By Hopper Material

• Polyethylene
• Stainless Steel
• Others

By Capacity

• Small
• Medium
• Large

By Application

• Farm
• Gardens
• Others

By Distribution Channel

• Company-Owned Shops
• Specialty Stores
• Hypermarket/Supermarket
• E-Commerce
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In May 2023, Jacto, a manufacturer of agricultural machinery, launched modern fertilizer spreading and spraying equipment in NAMPO 2023.  The highlight of this Nampo edition was Uniport 5030 NPK fertilizer spreader.
• In December 2022, Earth & Turf Products, a manufacturer of dressers and turf maintenance equipment, debuted a new line of Dri-Flo drop spreaders.
• In January 2021, Rauch Landmaschinenfabrik GmbH, a manufacturer of agricultural machines, launched a pneumatic fertilizer spreader for three-point attachment. It has a hopper capacity of 1900 liters to 3200 liters.

Why Purchase the Report?

• To visualize the global fertilizer spreader market segmentation based on type, form, power source, mounting, hopper material, capacity, application, distribution channel and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of fertilizer spreader market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global fertilizer spreader market report would provide approximately 101 tables, 112 figures and 244 Pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies