Global Fertilizer Spreader Market

Description

Overview

Global Fertilizer Spreader Market reached US$ 687.6 million in 2022 and is expected to reach US$ 1,063.2 million by 2030, growing with a CAGR of 5.6% during the forecast period 2023-2030.

With the growing need to feed a rapidly rising global population, there is a greater emphasis on improving agricultural productivity. Fertilizer spreaders that offer higher application rates, wider coverage, and reduced waste are in high demand. Manufacturers are continuously working on innovations to enhance the efficiency of their products.

The global agricultural sector has seen significant advancements in technology, and fertilizer spreaders are no exception. Manufacturers are incorporating features such as remote monitoring, data analytics, and real-time information exchange in their spreader systems, providing farmers with valuable insights for better decision-making. In August 2022 AuCase IH, revealed Case IH Trident 555o applicator, the agriculture industry's first autonomous spreader. This spreader comes with Raven Autonomy technology, which allows for one or more driverless machines in the field without an operator in the cab.

Market Dynamics

Increasing Global Population and Food Demand

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. To satisfy this rising demand, farmers need to enhance their agricultural practices and increase crop yields. Fertilizers play a crucial role in providing essential nutrients to crops, promoting healthy growth, and improving overall agricultural productivity.

Fertilizer spreaders significantly improve the efficiency of fertilizer application compared to traditional manual methods. They can cover large areas quickly and require less labor, making farming operations more productive and cost-effective. Fertilizer spreaders also enable farmers to efficiently apply fertilizers to crops, minimizing waste and ensuring that the nutrients reach the plants effectively.

Increased Farm Mechanization

Farm mechanization, including the use of fertilizer spreaders, reduces the reliance on manual labor for tasks like fertilizer application. With labor becoming scarcer and more expensive in many regions, farmers are increasingly turning to mechanized solutions to enhance their operational efficiency and reduce labor-related costs. At the 2023 National Farm Machinery Show in Louisville, KUHN North America showcased its advanced .1 Series trailed fertilizer spreaders. This machine can offer fertilizer cost savings and environmental benefits.

Fertilizer spreaders enable farmers to cover large areas quickly and efficiently. As farms expand in size, manual fertilizer application becomes impractical and inefficient. Fertilizer spreaders offer a solution for large-scale operations by enabling uniform and accurate distribution of fertilizers across vast fields.

Limited Awareness, and Education about Fertilizer Spreader

Familiarity with traditional farming methods can lead to resistance to adopting new technologies. Farmers who have been using manual methods for years may be hesitant to switch to mechanized solutions due to the perceived learning curve, implementation costs, and uncertainty about the benefits. Effective use of fertilizer spreaders often requires technical knowledge about machinery operation, calibration, maintenance, and safety protocols. Farmers who lack the necessary technical expertise might be hesitant to invest in these machines, fearing potential operational challenges and breakdowns.

Farmers who are not aware of the benefits of using fertilizer spreaders may continue to rely on traditional methods of fertilizer application, such as manual broadcasting. They may not fully grasp how fertilizer spreaders can improve nutrient distribution, increase crop yields, and reduce fertilizer waste. Without this awareness, farmers may not see the value in investing in fertilizer spreaders.

COVID-19 Impact Analysis

The pandemic has disrupted supply chains worldwide due to lockdowns, travel restrictions, and reduced workforce availability. Manufacturers of fertilizer spreaders may have faced challenges in sourcing raw materials and components, leading to production delays and increased costs. These disruptions could have resulted in shortages and affected the availability of fertilizer spreaders in the market.

Transportation and logistics disruptions during lockdowns and restrictions might have hindered the distribution and delivery of fertilizer spreaders to customers. This situation could have further impacted market growth and adoption.

Segment 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 relatively easy to operate, making them accessible to a wide range of users, from professional farmers to casual gardeners. They typically have simple mechanisms for adjusting the spread rate and distribution pattern, requiring minimal technical knowledge. Broadcast spreaders can cover a large area quickly, making them efficient for spreading fertilizers or seeds over extensive fields or lawns. This characteristic is especially advantageous for large-scale agriculture and lawn care applications.

Many fertilizers used in agriculture and lawn care are granular in form. Broadcast spreaders are specifically designed to handle and distribute granular materials efficiently, making them well-suited for such applications. 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.

Geographical Analysis

Government Subsidies and Support in Asia-Pacific Region

Asia Pacific is home to many of the world's most populous countries, and agriculture plays an important role in the economies of these nations. The region has extensive agricultural lands which produce various crops, driving the demand for efficient and modern agricultural equipment, which includes fertilizer spreaders.

In the Asia Pacific region, several countries have various policies to promote agricultural development and food security. For instance, 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. This government support and subsidies for the purchase of agricultural machinery, including fertilizer spreaders, have contributed to increased adoption.

Competitive Landscape

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

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 2023

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

Product Code: AG6720

1. Methodology and Scope

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

3.1. Snippet by Type
3.2. Snippet by Form
3.3. Snippet by Power Source
3.4. Snippet by Mounting
3.5. Snippet by Hopper Material
3.6. Snippet by Capacity
3.7. Snippet by Application
3.8. Snippet by Distribution Channel
3.9. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Rising Awareness about the Benefits of Fertilizer Spreaders
  - 4.1.1.2. Government Subsidies
  - 4.1.1.3. Increasing Global Population and Food Demand
  - 4.1.1.4. Increased Farm Mechanization
- 4.1.2. Restraints
  - 4.1.2.1. High Initial Investment
  - 4.1.2.2. Limited Awareness, and Education about Fertilizer Spreader
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis

5. Industry Analysis

5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis

6. COVID-19 Analysis

6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion

7. By Type

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2. Market Attractiveness Index, By Type
7.2. Dry Spreaders*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.2.3. Drop Spreaders
- 7.2.4. Broadcast Spreaders/Rotary Spreaders
- 7.2.5. Liquid Fertilizer Spreaders
- 7.2.6. Others

8. By Form

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 8.1.2. Market Attractiveness Index, By Form
8.2. Solid*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Liquid

9. By Power Source

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Power Source
- 9.1.2. Market Attractiveness Index, By Power Source
9.2. Manual*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Battery
9.4. Gasoline
9.5. Electric
9.6. PTO Driven

10. By Mounting

10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mounting
- 10.1.2. Market Attractiveness Index, By Mounting
10.2. Mounted*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
10.3. Trailed
10.4. Self-propelled

11. By Hopper Material

11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Hopper Material
- 11.1.2. Market Attractiveness Index, By Hopper Material
11.2. Polyethylene*
- 11.2.1. Introduction
- 11.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
11.3. Stainless Steel
11.4. Others

12. By Capacity

12.1. Introduction
- 12.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Capacity
- 12.1.2. Market Attractiveness Index, By Capacity
12.2. Small*
- 12.2.1. Introduction
- 12.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
12.3. Medium
12.4. Large

13. By Distribution Channel

13.1. Introduction
- 13.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 13.1.2. Market Attractiveness Index, By Distribution Channel
13.2. Company-Owned Shops*
- 13.2.1. Introduction
- 13.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
13.3. Specialty Stores
13.4. Hypermarket/Supermarket
13.5. E-Commerce
13.6. Others

14. By Application

14.1. Introduction
- 14.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 14.1.2. Market Attractiveness Index, By Application
14.2. Farm*
- 14.2.1. Introduction
- 14.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
14.3. Gardens
14.4. Others

15. By Region

15.1. Introduction
- 15.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 15.1.2. Market Attractiveness Index, By Region
15.2. North America
- 15.2.1. Introduction
- 15.2.2. Key Region-Specific Dynamics
- 15.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 15.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 15.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Power Source
- 15.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mounting
- 15.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Hopper Material
- 15.2.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Capacity
- 15.2.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 15.2.10. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 15.2.11. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 15.2.11.1. U.S.
  - 15.2.11.2. Canada
  - 15.2.11.3. Mexico
15.3. Europe
- 15.3.1. Introduction
- 15.3.2. Key Region-Specific Dynamics
- 15.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 15.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 15.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Power Source
- 15.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mounting
- 15.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Hopper Material
- 15.3.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Capacity
- 15.3.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 15.3.10. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 15.3.11. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 15.3.11.1. Germany
  - 15.3.11.2. UK
  - 15.3.11.3. France
  - 15.3.11.4. Italy
  - 15.3.11.5. Russia
  - 15.3.11.6. Rest of Europe
15.4. South America
- 15.4.1. Introduction
- 15.4.2. Key Region-Specific Dynamics
- 15.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 15.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 15.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Power Source
- 15.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mounting
- 15.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Hopper Material
- 15.4.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Capacity
- 15.4.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 15.4.10. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 15.4.11. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 15.4.11.1. Brazil
  - 15.4.11.2. Argentina
  - 15.4.11.3. Rest of South America
15.5. Asia-Pacific
- 15.5.1. Introduction
- 15.5.2. Key Region-Specific Dynamics
- 15.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 15.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 15.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Power Source
- 15.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mounting
- 15.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Hopper Material
- 15.5.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Capacity
- 15.5.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 15.5.10. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 15.5.11. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 15.5.11.1. China
  - 15.5.11.2. India
  - 15.5.11.3. Japan
  - 15.5.11.4. Australia
  - 15.5.11.5. Rest of Asia-Pacific
15.6. Middle East and Africa
- 15.6.1. Introduction
- 15.6.2. Key Region-Specific Dynamics
- 15.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 15.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 15.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Power Source
- 15.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mounting
- 15.6.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Hopper Material
- 15.6.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Capacity
- 15.6.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 15.6.10. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application

16. Competitive Landscape

16.1. Competitive Scenario
16.2. Market Positioning/Share Analysis
16.3. Mergers and Acquisitions Analysis

17. Company Profiles

17.1. Deere & Company*
- 17.1.1. Company Overview
- 17.1.2. Product Portfolio and Description
- 17.1.3. Financial Overview
- 17.1.4. Recent Developments
17.2. AGCO Corporation.
17.3. Kubota Corporation
17.4. Kasco Manufacturing Co., Inc.
17.5. CNH Industrial N.V.
17.6. Mahindra & Mahindra Ltd.
17.7. Adams Fertilizer Equipment
17.8. Bucher Industries AG
17.9. Farmec Ireland Ltd.
17.10. Bogballe A/S

LIST NOT EXHAUSTIVE

18. Appendix

18.1. About Us and Services
18.2. Contact Us

Global Fertilizer Spreader Market - 2023-2030