Fertilizer Spreader Market - Global Outlook & Forecast 2023-2028

List of Tables

The global fertilizer spreader market is expected to grow at a CAGR of 4.3% during 2022-2028.

MARKET OVERVIEW

For several governments, food self-sufficiency is the key agenda due to the decline in arable land in the name of urbanization, exploitation of natural resources, and a massive shift in food production and the global consumption pattern. Therefore, it has become imperative for governments to adopt efficient and sustainable farming practices to ensure food security and safety. Increasing focus on farm mechanization in developing countries is increasing the demand for fertilizer spreaders as they will help increase output yield, thereby contributing to the growth of the fertilizer spreader market. Moreover, the growing concept of precision farming will increase the demand for technologically advanced fertilizer spreaders in developed countries.
Precision farming is a management concept under which the plantation of crops takes place as per soil specification. The increasing adoption of precision farming is set to become the most valuable driver for fertilizer spreader sales. Through calibrating systems to control fertilizer quantity and mass flow controls to track the amount of fertilizer needed per subplot, precision fertilizer spreaders will aid in increasing agricultural yields and productivity. These spreaders will also assist in soil mapping, using satellite technology to direct fertilizer application and software programs that analyze soil nutrients to decide fertilizer application. Some well-known manufacturers of precision products in the fertilizer spreader market include KUHN, AMAZONE, BBI, and Sulky.
The fertilizer spreader market witnessed a recovery in 2021 after the decline in 2019 and 2020. India, China, and the US are the leading markets with the highest sales. In contrast, China witnessed a tremendous increase in the sale of fertilizer spreaders in the segment of mounted spreaders. The country is characterized by many small and medium-scale farmers with an average land holding size of 1.15 ha. Further, Turkey emerged as a rapidly-growing market in 2021. The fertilizer spreader market in Turkey emerged as the second fastest-growing market globally.
Further, increasing the number of technologically advanced fertilizer spreaders and implements is the solution to save money and time and increase yields. The governments are keen on increasing the farm mechanization rate among farmers, boosting the demand and sales of new equipment in the global fertilizer spreader market. The mechanization of farms is deemed necessary for the agriculture sector as it has the potential to improve food production and reduce the labor shortage.
Geographically, U.S. fertilizer spreader sales grew by approximately 10.3%, and the mounted type of spreader segment enjoyed high growth compared to 2020. The factors for the steady growth of the mounted type segment of fertilizer spreaders were good business turnover among hobby and livestock farmers. The MEA and Latin America still have negligible farm mechanization, and vendors can explore these regions with a portfolio of mounted and trailed spreaders suitable for the specific regions. The fertilizer spreader market is currently in the growth stage, and manufacturers are looking for capacity augmentation in the countries.

MARKET TRENDS & OPPURTUINITES

Development of Smart and Autonomous Spreader

A new frontier of innovation is emerging in the global fertilizer spreader market as agriculture meets digital technologies, opening various paths to a smart agricultural future. Fertilizer spreader manufacturers have become very competitive, and companies constantly strive to innovate and ensure product differentiation at affordable prices. Currently, fertilizer spreader has state-of-the-art technology developed by farm equipment manufacturers to collect and use for analysis and real applications. GPS technology on fertilizer spreaders and other equipment helps farmers with field mapping, soil sampling, and crop scouting. It also allows them to work during low visibility field conditions such as rain, dust, and fog with maximum efficiency.

Increasing Farm Mechanization

Prominent and emerging countries across the globe are witnessing a high rate of farm mechanization; however, the level of mechanization varies among geographical regions. In agricultural countries such as India, China, and the US, there is a need to implement advanced technology to increase production and net incomes due to high growth in the countries. These countries are also adopting farm mechanization at a faster rate. Fertilizer spreaders used on the farm generally account for some of the significant parts of mechanization in the country. In 2021, China and India were the largest fertilizer spreader market in terms of sales in APAC. According to the World Bank, more than 50% of the population will migrate to cities by 2050. This migration will drastically affect the workforce engaged in the agriculture sector, further boosting the contribution of farm mechanization.

SEGMENTATION INSIGHTS

INSIGHTS BY MOUNTING TYPE:

The mounted fertilizer spreader segment generated the highest sales in almost all regions worldwide, and the segment witnessed shipments of 299 thousand units in 2022. This segment mainly includes fertilizer spreaders mounted on a truck or tractor.

Granular fertilizers are often dispersed using these spreaders, sometimes referred to as rotating or centrifugal spreaders. The future growth of this market will be positively impacted by the consolidation of farmland, as these spreaders are primarily used on large farms. In addition, the manufacturers are releasing newly mounted spreaders with enhanced features, including GPS speed sensors to maintain the proper speed, balanced fertilizer distribution, and pressure-based nozzle control systems to guarantee a consistent pattern in fertilizer spreading.

Segmentation by Mounting

Mounted
Trailed
Self-propelled

INSIGHTS BY FERTILIZER TYPE:

The solid fertilizer type dominates the industry and witnessed shipments of 461 thousand units in 2022. Factors such as being not an inexpensive option, demanding virtually no supplies and little equipment, and it is also more cost-efficient compared to liquid fertilizer are boosting the industry share of solid fertilizer in the global fertilizer market.

The liquid fertilizer spreader market is expected to grow at a CAGR of 3.9% during the forecast period. Many farmers are turning to liquid fertilizers due to the increase in cropland and the growing need to increase crop production because plants can absorb these nutrients and provide results more quickly.

Segmentation by Fertilizer

Solid
Liquid

GEOGRAPHICAL ANALYSIS

North America accounts for almost 24.5% of the global fertilizer spreader market in terms of volume. The region represents a high level of farm mechanization. The farmers in the region, both from the US and Canada, are wealthy and have sufficient money to invest in agricultural machinery such as fertilizer spreaders, tractors, cultivators, etc. In addition, the farmers in the region also benefit from easy credit loans for purchasing agricultural machinery. The US and the Netherlands are key exporters of agricultural products to developing countries such as China, where the food demand is relatively high due to the high population.

The APAC region is expected to witness the fastest growth in the global fertilizer spreader market and is expected to grow at a CAGR of 4.62% during the forecast period. Farm mechanization in the region is advancing steadily. The increasing demand for farm machinery, such as fertilizer spreaders, is mainly to improve per unit yield in the region and mitigate the declining farming population. In the last few years, governments of these countries have increased their support to farmers by offering subsidies and incentives for purchasing fertilizer spreaders and other agricultural equipment and increasing regulations to facilitate the development and modernization of the farming industry.

Segmentation by Geography

North America
- US
- Canada
Europe
- Germany
- France
- Italy
- Russia
- Spain
APAC
- India
- China
- New Zealand
- Australia
Latin America
- Brazil
- Mexico
- Argentina
Middle East and Africa
- Turkey
- South Africa

VENDOR LANDSCAPE

The global fertilizer spreader market is moderately fragmented, with many local and international players. As consumers expect constant advancements and upgrades in agricultural equipment, the increasingly changing economic environment may hamper vendor growth. The current situation pushes vendors to adjust and improve their value proposition to attain a good business presence. The industry will likely witness growing consolidation due to the intensely competitive environment. These factors make it imperative for vendors to distinguish their products and service offerings through a clear and unique value proposition, or else they will not survive the highly competitive fertilizer spreader market.

AGCO Corp., Deere & Co., CNH Industrial, Kubota, and Adams Fertilizer Equipment are among the major vendors in the global fertilizer spreader market. The competition among these leading players on the global stage is high. Several players offer various agricultural equipment to achieve economies of scale. Other players in the industry are Salford Group, Kuhn Group, etc. The acquisition strategy was followed by most of the players on the path to becoming market leaders.

Key Company Profiles

AGCO Corporation
CNH Industrial
Deere & Company
Kuhn Group
Amazone Werke

Other Prominent Vendors

Adams Fertilizer Equipment
Eurospand Cavallo
CEA AGRIMIX
Montag Mfg
Salford Group
Cleris
Takakita
Enorossi
Vervaet
Kuxmann

WHY SHOULD YOU BUY THIS REPORT?

This report is among the few in the market that offer outlook and opportunity analyses forecast in terms of:

Market Size & Forecast Volume 2020-2028 (Units)
- Segmentation by Mounting type
- Segmentation by Fertilizer type
- Segmentation by Geography
Major current and upcoming projects and investments
Competitive intelligence about the economic scenario, advantages and benefits of fertilizer spreaders, market dynamics, and shares
Latest and innovative technologies
Import and export analysis
COVID-19 impact analysis
Company profiles of major and other prominent vendors
Market shares of major vendors

KEY QUESTIONS ANSWERED

1. How big is the fertilizer spreader market?
2. What is the growth rate of the fertilizer spreader market?
3. What are the significant trends in the global fertilizer spreader market?
4. Who are the key players in the global fertilizer spreader market?
5. Which region has the most significant global fertilizer spreader market share?

Product Code: ARZ221116

1 RESEARCH METHODOLOGY

2 RESEARCH OBJECTIVES

3 RESEARCH PROCESS

4 SCOPE & COVERAGE

4.1 MARKET DEFINITION
- 4.1.1 INCLUSIONS
- 4.1.2 EXCLUSIONS
- 4.1.3 MARKET ESTIMATION CAVEATS
4.2 BASE YEAR
4.3 SCOPE OF THE STUDY
- 4.3.1 MARKET SEGMENTATION BY GEOGRAPHY

5 REPORT ASSUMPTIONS & CAVEATS

5.1 KEY CAVEATS
5.2 CURRENCY CONVERSION
5.3 MARKET DERIVATION

6 MARKET AT A GLANCE

7 PREMIUM INSIGHTS

8 INTRODUCTION

8.1 OVERVIEW
8.2 BENEFITS OF USING FERTILIZER SPREADERS
- 8.2.1 INCREASED PRODUCTION OUTPUT
- 8.2.2 FILL THE GAP IN MANUAL LABOR
- 8.2.3 INCREASED ATTENTION TO ACCURACY
8.3 IMPORT & EXPORT STATISTICS
- 8.3.1 TOP IMPORTERS OF MANURE SPREADERS & FERTILIZER DISTRIBUTORS
- 8.3.2 TOP EXPORTERS OF MANURE SPREADER & FERTILIZER DISTRIBUTOR
8.4 IMPACT OF RUSSIA-UKRAINE WAR ON FERTILIZER MARKET
- 8.4.1 EFFECTS OF THE WAR ON POTASH & NITROGEN PRODUCTION
8.5 INCREASED PRECISION FARMING

9 MARKET OPPORTUNITIES & TRENDS

9.1 DEVELOPMENT OF SMART & AUTONOMOUS SPREADERS
9.2 INCREASED FOOD CONSUMPTION & POPULATION GROWTH

10 MARKET GROWTH ENABLERS

10.1 FISCAL SUPPORT TO FARMERS THROUGH LOANS & SUBSIDIES
10.2 INCREASED FARM MECHANIZATION
10.3 LACK OF SKILLED FARM LABOR

11 MARKET RESTRAINTS

11.1 LACK OF AWARENESS OF LATEST DEVELOPMENTS IN AGRICULTURAL TECHNOLOGIES
- 11.1.1 LACK OF EDUCATED FARMERS IN EMERGING COUNTRIES
- 11.1.2 RESOURCE SCARCITY OF SMALL- & MEDIUM-SCALE FARMERS
11.2 IMPACT OF CLIMATE CHANGE ON AGRICULTURAL ACTIVITIES
11.3 VOLATILITY IN RAW MATERIAL COSTS

12 MARKET LANDSCAPE

12.1 MARKET OVERVIEW
12.2 MARKET SIZE & FORECAST
12.3 FIVE FORCES ANALYSIS
- 12.3.1 THREAT OF NEW ENTRANTS
- 12.3.2 BARGAINING POWER OF SUPPLIERS
- 12.3.3 BARGAINING POWER OF BUYERS
- 12.3.4 THREAT OF SUBSTITUTES
- 12.3.5 COMPETITIVE RIVALRY

13 MOUNTING TYPE

13.1 MARKET SNAPSHOT & GROWTH ENGINE
13.2 MARKET OVERVIEW
13.3 MOUNTED
- 13.3.1 MARKET OVERVIEW
- 13.3.2 MARKET SIZE & FORECAST
- 13.3.3 MARKET BY GEOGRAPHY
13.4 TRAILED
- 13.4.1 MARKET OVERVIEW
- 13.4.2 MARKET SIZE & FORECAST
- 13.4.3 MARKET BY GEOGRAPHY
13.5 SELF-PROPELLED
- 13.5.1 MARKET OVERVIEW
- 13.5.2 MARKET SIZE & FORECAST
- 13.5.3 MARKET BY GEOGRAPHY

14 FERTILIZER TYPE

14.1 MARKET SNAPSHOT & GROWTH ENGINE
14.2 MARKET OVERVIEW
14.3 SOLID
- 14.3.1 MARKET OVERVIEW
- 14.3.2 MARKET SIZE & FORECAST
- 14.3.3 MARKET BY GEOGRAPHY
14.4 LIQUID
- 14.4.1 MARKET OVERVIEW
- 14.4.2 MARKET SIZE & FORECAST
- 14.4.3 MARKET BY GEOGRAPHY

15 GEOGRAPHY

15.1 MARKET SNAPSHOT & GROWTH ENGINE
15.2 GEOGRAPHIC OVERVIEW

16 NORTH AMERICA

16.1 MARKET OVERVIEW
- 16.1.1 MARKET SIZE & FORECAST
16.2 MOUNTING TYPE
- 16.2.1 MARKET SIZE & FORECAST
16.3 FERTILIZER TYPE
- 16.3.1 MARKET SIZE & FORECAST
16.4 KEY COUNTRIES
- 16.4.1 US: MARKET SIZE & FORECAST
- 16.4.2 CANADA: MARKET SIZE & FORECAST

17 EUROPE

17.1 MARKET OVERVIEW
- 17.1.1 MARKET SIZE & FORECAST
- 17.1.2 EUROPE TYPE-APPROVAL (MOTHER) REGULATIONS
17.2 MOUNTING TYPE
- 17.2.1 MARKET SIZE & FORECAST
17.3 FERTILIZER TYPE
- 17.3.1 MARKET SIZE & FORECAST
17.4 KEY COUNTRIES
- 17.4.1 GERMANY: MARKET SIZE & FORECAST
- 17.4.2 FRANCE: MARKET SIZE & FORECAST
- 17.4.3 ITALY: MARKET SIZE & FORECAST
- 17.4.4 RUSSIA: MARKET SIZE & FORECAST
- 17.4.5 SPAIN: MARKET SIZE & FORECAST

18 APAC

18.1 MARKET OVERVIEW
- 18.1.1 MARKET SIZE & FORECAST
18.2 MOUNTING TYPE
- 18.2.1 MARKET SIZE & FORECAST
18.3 FERTILIZER TYPE
- 18.3.1 MARKET SIZE & FORECAST
18.4 KEY COUNTRIES
- 18.4.1 INDIA: MARKET SIZE & FORECAST
- 18.4.2 CHINA: MARKET SIZE & FORECAST
- 18.4.3 NEW ZEALAND: MARKET SIZE & FORECAST
- 18.4.4 AUSTRALIA: MARKET SIZE & FORECAST

19 LATIN AMERICA

19.1 MARKET OVERVIEW
- 19.1.1 MARKET SIZE & FORECAST
19.2 MOUNTING TYPE
- 19.2.1 MARKET SIZE & FORECAST
19.3 FERTILIZER TYPE
- 19.3.1 MARKET SIZE & FORECAST
19.4 KEY COUNTRIES
- 19.4.1 BRAZIL: MARKET SIZE & FORECAST
- 19.4.2 MEXICO: MARKET SIZE & FORECAST
- 19.4.3 ARGENTINA: MARKET SIZE & FORECAST

20 MIDDLE EAST & AFRICA

20.1 MARKET OVERVIEW
- 20.1.1 MARKET SIZE & FORECAST
20.2 MOUNTING TYPE
- 20.2.1 MARKET SIZE & FORECAST
20.3 FERTILIZER TYPE
- 20.3.1 MARKET SIZE & FORECAST
20.4 KEY COUNTRIES
- 20.4.1 TURKEY: MARKET SIZE & FORECAST
- 20.4.2 SOUTH AFRICA: MARKET SIZE & FORECAST

21 COMPETITIVE LANDSCAPE

21.1 COMPETITION OVERVIEW

22 KEY COMPANY PROFILES

22.1 AGCO CORPORATION
- 22.1.1 BUSINESS OVERVIEW
- 22.1.2 PRODUCT OFFERINGS
- 22.1.3 KEY STRATEGIES
- 22.1.4 KEY STRENGTHS
- 22.1.5 KEY OPPORTUNITIES
22.2 CNH INDUSTRIAL
- 22.2.1 BUSINESS OVERVIEW
- 22.2.2 PRODUCT OFFERINGS
- 22.2.3 KEY STRATEGIES
- 22.2.4 KEY STRENGTHS
- 22.2.5 KEY OPPORTUNITIES
22.3 DEERE & COMPANY
- 22.3.1 BUSINESS OVERVIEW
- 22.3.2 PRODUCT OFFERINGS
- 22.3.3 KEY STRATEGIES
- 22.3.4 KEY STRENGTHS
- 22.3.5 KEY OPPORTUNITIES
22.4 KUHN GROUP
- 22.4.1 BUSINESS OVERVIEW
- 22.4.2 PRODUCT OFFERINGS
- 22.4.3 KEY STRATEGIES
- 22.4.4 KEY STRENGTHS
- 22.4.5 KEY OPPORTUNITIES
22.5 AMAZONEN-WERKE H. DREYER SE & CO. KG
- 22.5.1 BUSINESS OVERVIEW
- 22.5.2 PRODUCT OFFERINGS
- 22.5.3 KEY STRATEGIES
- 22.5.4 KEY STRENGTHS
- 22.5.5 KEY OPPORTUNITIES

23 OTHER PROMINENT VENDORS

23.1 ADAMS FERTILIZER EQUIPMENT
- 23.1.1 BUSINESS OVERVIEW
- 23.1.2 PRODUCT OFFERINGS
23.2 EUROSPAND CAVALLO
- 23.2.1 BUSINESS OVERVIEW
- 23.2.2 PRODUCT OFFERINGS
23.3 CEA AGRIMIX
- 23.3.1 BUSINESS OVERVIEW
- 23.3.2 PRODUCT OFFERINGS
23.4 MONTAG MFG
- 23.4.1 BUSINESS OVERVIEW
- 23.4.2 PRODUCT OFFERINGS
23.5 SALFORD GROUP
- 23.5.1 BUSINESS OVERVIEW
- 23.5.2 PRODUCT OFFERINGS
23.6 CLERIS
- 23.6.1 BUSINESS OVERVIEW
- 23.6.2 PRODUCT OFFERINGS
23.7 TAKAKITA
- 23.7.1 BUSINESS OVERVIEW
- 23.7.2 PRODUCT OFFERINGS
23.8 ENOROSSI
- 23.8.1 BUSINESS OVERVIEW
- 23.8.2 PRODUCT OFFERINGS
23.9 VERVAET
- 23.9.1 BUSINESS OVERVIEW
- 23.9.2 PRODUCT OFFERINGS
23.10 KUXMANN
- 23.10.1 BUSINESS OVERVIEW
- 23.10.2 PRODUCT OFFERINGS

24 REPORT SUMMARY

24.1 KEY TAKEAWAYS
24.2 STRATEGIC RECOMMENDATIONS

25 QUANTITATIVE SUMMARY

25.1 MARKET BY GEOGRAPHY
25.2 MARKET BY MOUNTING TYPE
25.3 MARKET BY FERTILIZER TYPE

26 APPENDIX

26.1 ABBREVIATIONS