The Fertilizer Spreader Market size was estimated at USD 763.39 million in 2023 and is expected to reach USD 1154.79 million by 2031 at a CAGR of 5.31% during the forecast period of 2024-2031.
The item is used to apply fertilizer or chemicals to lawns at homes, businesses, public gardens, and farms. Globally, mechanization, urbanization, and technical breakthroughs are all growing quickly. In turn, this is fueling an increase in demand for high-tech agricultural equipment and accelerating the market's expansion. Due to unequal dispersion, farmers who use traditional methods to apply fertilizer have poor crop production. Therefore, using this product helps farmers use fertilizer more precisely and enhances crop yield, both of which are projected to contribute to the market's growth.
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The production of crops is expanding dramatically along with the population, which creates a demand for semi-automatic and automatic spreader products. A rise in the adoption of automated fertilizer spreading equipment for agricultural and landscaping applications can be attributed to the expectation that more than 40% of farmers will have experienced shortages for various farm operations over the past five years, according to a survey by the California Farm Bureau. The fertilizer spreader market is expected to rise as a result of advantages related to these goods, such as reduced human involvement, quicker processes, and increased efficiency.
MARKET DYNAMICS
DRIVERS
Because they increase agricultural output and cut down on resource waste, precision agriculture techniques are growing in popularity. Spreaders for fertilizer are an essential part of precision farming.
In many nations, government subsidies and incentives for the agricultural industry encourage farmers to embrace cutting-edge farming techniques, including the use of machinery like fertilizer spreaders.
RESTRAIN
It's possible that farmers lack knowledge about the advantages of employing fertilizer spreaders as well as instruction and training in their proper use.
The misuse or overuse of fertilizers can cause problems for the environment, such as soil erosion and water contamination. This can result in tighter guidelines and limitations on fertilizer use.
OPPORTUNITY
Modern farming methods are being adopted more widely in developing nations. There is a substantial opportunity for fertilizer spreader producers as these markets continue to expand.
In order to give farmers more control and efficiency, fertilizer spreader manufacturers can profit from the trend towards personalization and the incorporation of Internet of Things (IoT) technologies into farming equipment.
CHALLENGES
Ensuring proper maintenance and repair services for fertilizer spreaders can be challenging, especially in remote or rural areas where agriculture is prevalent.
Unpredictable weather patterns and climate change can affect farming practices, making it challenging to optimize fertilizer application with precision.
IMPACT OF RUSSIA-UKRAINE WAR
The war in Ukraine, which is known as one of the world's leading producers of fertilizers, particularly potash and urea, can disrupt the supply chain of fertilizers. This may lead to fluctuations in fertilizer prices, affecting the affordability and availability of fertilizers for farmers. Supply disruptions and increased geopolitical tensions can lead to volatility in fertilizer prices. This, in turn, may influence farmers' decisions regarding the use of fertilizers and their investments in farming equipment, including fertilizer spreaders. As a result of the war, some regions may experience changes in agricultural production patterns. This can influence the types of crops grown and, consequently, the demand for specific types of fertilizer spreaders optimized for different crops.
IMPACT OF ONGOING RECESSION
A recession can have a global impact on agriculture, affecting both domestic and international markets. Changes in global trade patterns and demand for agricultural products can indirectly affect the fertilizer spreader market. Farmers may become more price-sensitive during a recession, looking for cost-effective solutions. Manufacturers may need to adjust their pricing strategies and offer incentives to attract customers. Despite the economic challenges, innovation in farming technology, including fertilizer spreaders, may continue. Manufacturers may focus on developing more efficient and cost-effective models to meet changing market demands. Recessions can disrupt supply chains, affecting the availability of parts and equipment. Manufacturers and distributors may face challenges in maintaining inventory levels and timely deliveries.
By Type
Drop Spreader
Broadcast Spreader
By Application
Farm
Public Gardens
Others
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REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
REGIONAL ANALYSES
One of the largest markets for fertilizer spreaders worldwide is thought to be China. From 2019 to 2021, China's total land area rose by about 0.9%. With its abundant agricultural resources, China is renowned for its famed agriculture, producing 18% of the world's cereal grains and 29% of the world's meat. The need for such equipment in farm and agricultural applications across China is anticipated to rise as a result.
Due to the automation of farming equipment, North America is anticipated to experience the highest growth over the next 20 years. In North America, there are significant players including Deere & Company, Adams Fertiliser Equipment, and Teagle Machinery Ltd. These businesses employ tactics to increase the scope of their product offerings.
The major key players Deere & Company, Kubota Corporation, Mahindra & Mahindra Ltd, Agco Corporation, CNH Industrial N.V, Claas KGaA mbH, Bucher Industries AG (KUHN Group), Adams Fertilizer Equipment, Dalton AG Inc, Teagle Machinery Ltd, Bogballe A/S, are and Others Players
Deere & Company-Company Financial Analysis
RECENT DEVELOPMENT
Heartland AG Systems: In July 2020, was purchased by Titan Machinery for USD 110 million. The acquisition aims to expand the company's product line by providing a range of agricultural machinery.
| Report Attributes | Details |
| Market Size in 2023 | US$ 763.39 Mn |
| Market Size by 2031 | US$ 1154.79 Mn |
| CAGR | CAGR of 5.31% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type(Drop Spreader, Broadcast Spreader) • By Application(Farm, Public Gardens, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Deere & Company, Kubota Corporation, Mahindra & Mahindra Ltd, Agco Corporation, CNH Industrial N.V, Claas KGaA mbH, Bucher Industries AG (KUHN Group), Adams Fertilizer Equipment, Dalton AG Inc, Teagle Machinery Ltd, Bogballe A/S |
| Key Drivers | • Because they increase agricultural output and cut down on resource waste, precision agriculture techniques are growing in popularity. Spreaders for fertilizer are an essential part of precision farming. • In many nations, government subsidies and incentives for the agricultural industry encourage farmers to embrace cutting-edge farming techniques, including the use of machinery like fertilizer spreaders. |
| Market Restraints | • It's possible that farmers lack knowledge about the advantages of employing fertilizer spreaders as well as instruction and training in their proper use. • The misuse or overuse of fertilizers can cause problems for the environment, such as soil erosion and water contamination. This can result in tighter guidelines and limitations on fertilizer use. |
The Fertilizer Spreader Market is expected to grow at 5.3% CAGR from 2023 to 2030.
According to our analysis, the Fertilizer Spreader market is anticipated to reach USD 1,040.3 million By 2030.
Globally expanding urbanization initiatives are limiting market expansion.
The leading participants are Deere & Company, Kubota Corporation, Mahindra & Mahindra Ltd, Agco Corporation, CNH Industrial N.V., and Claas KGaA mbH.
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TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Fertilizer Spreader Market Segmentation, By Type
8.1 Drop Spreader
8.2 Broadcast Spreader
9. Fertilizer Spreader Market Segmentation, By Application
9.1 Farm
9.2 Public Gardens
9.3 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Fertilizer Spreader Market by Country
10.2.2North America Fertilizer Spreader Market by Type
10.2.3 North America Fertilizer Spreader Market by Application
10.2.4 USA
10.2.4.1 USA Fertilizer Spreader Market by Type
10.2.4.2 USA Fertilizer Spreader Market by Application
10.2.5 Canada
10.2.5.1 Canada Fertilizer Spreader Market by Type
10.2.5.2 Canada Fertilizer Spreader Market by Application
10.2.6 Mexico
10.2.6.1 Mexico Fertilizer Spreader Market by Type
10.2.6.2 Mexico Fertilizer Spreader Market by Application
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Fertilizer Spreader Market by Country
10.3.1.2 Eastern Europe Fertilizer Spreader Market by Type
10.3.1.3 Eastern Europe Fertilizer Spreader Market by Application
10.3.1.4 Poland
10.3.1.4.1 Poland Fertilizer Spreader Market by Type
10.3.1.4.2 Poland Fertilizer Spreader Market by Application
10.3.1.5 Romania
10.3.1.5.1 Romania Fertilizer Spreader Market by Type
10.3.1.5.2 Romania Fertilizer Spreader Market by Application
10.3.1.6 Hungary
10.3.1.6.1 Hungary Fertilizer Spreader Market by Type
10.3.1.6.2 Hungary Fertilizer Spreader Market by Application
10.3.1.7 Turkey
10.3.1.7.1 Turkey Fertilizer Spreader Market by Type
10.3.1.7.2 Turkey Fertilizer Spreader Market by Application
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Fertilizer Spreader Market by Type
10.3.1.8.2 Rest of Eastern Europe Fertilizer Spreader Market by Application
10.3.2 Western Europe
10.3.2.1 Western Europe Fertilizer Spreader Market by Country
10.3.2.2 Western Europe Fertilizer Spreader Market by Type
10.3.2.3 Western Europe Fertilizer Spreader Market by Application
10.3.2.4 Germany
10.3.2.4.1 Germany Fertilizer Spreader Market by Type
10.3.2.4.2 Germany Fertilizer Spreader Market by Application
10.3.2.5 France
10.3.2.5.1 France Fertilizer Spreader Market by Type
10.3.2.5.2 France Fertilizer Spreader Market by Application
10.3.2.6 UK
10.3.2.6.1 UK Fertilizer Spreader Market by Type
10.3.2.6.2 UK Fertilizer Spreader Market by Application
10.3.2.7 Italy
10.3.2.7.1 Italy Fertilizer Spreader Market by Type
10.3.2.7.2 Italy Fertilizer Spreader Market by Application
10.3.2.8 Spain
10.3.2.8.1 Spain Fertilizer Spreader Market by Type
10.3.2.8.2 Spain Fertilizer Spreader Market by Application
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Fertilizer Spreader Market by Type
10.3.2.9.2 Netherlands Fertilizer Spreader Market by Application
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Fertilizer Spreader Market by Type
10.3.2.10.2 Switzerland Fertilizer Spreader Market by Application
10.3.2.11 Austria
10.3.2.11.1 Austria Fertilizer Spreader Market by Type
10.3.2.11.2 Austria Fertilizer Spreader Market by Application
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Fertilizer Spreader Market by Type
10.3.2.12.2 Rest of Western Europe Fertilizer Spreader Market by Application
10.4 Asia-Pacific
10.4.1 Asia Pacific Fertilizer Spreader Market by Country
10.4.2 Asia Pacific Fertilizer Spreader Market by Type
10.4.3 Asia Pacific Fertilizer Spreader Market by Application
10.4.4 China
10.4.4.1 China Fertilizer Spreader Market by Type
10.4.4.2 China Fertilizer Spreader Market by Application
10.4.5 India
10.4.5.1 India Fertilizer Spreader Market by Type
10.4.5.2 India Fertilizer Spreader Market by Application
10.4.6 Japan
10.4.6.1 Japan Fertilizer Spreader Market by Type
10.4.6.2 Japan Fertilizer Spreader Market by Application
10.4.7 South Korea
10.4.7.1 South Korea Fertilizer Spreader Market by Type
10.4.7.2 South Korea Fertilizer Spreader Market by Application
10.4.8 Vietnam
10.4.8.1 Vietnam Fertilizer Spreader Market by Type
10.4.8.2 Vietnam Fertilizer Spreader Market by Application
10.4.9 Singapore
10.4.9.1 Singapore Fertilizer Spreader Market by Type
10.4.9.2 Singapore Fertilizer Spreader Market by Application
10.4.10 Australia
10.4.10.1 Australia Fertilizer Spreader Market by Type
10.4.10.2 Australia Fertilizer Spreader Market by Application
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Fertilizer Spreader Market by Type
10.4.11.2 Rest of Asia-Pacific APAC Fertilizer Spreader Market by Application
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Fertilizer Spreader Market by Country
10.5.1.2 Middle East Fertilizer Spreader Market by Type
10.5.1.3 Middle East Fertilizer Spreader Market by Application
10.5.1.4 UAE
10.5.1.4.1 UAE Fertilizer Spreader Market by Type
10.5.1.4.2 UAE Fertilizer Spreader Market by Application
10.5.1.5 Egypt
10.5.1.5.1 Egypt Fertilizer Spreader Market by Type
10.5.1.5.2 Egypt Fertilizer Spreader Market by Application
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Fertilizer Spreader Market by Type
10.5.1.6.2 Saudi Arabia Fertilizer Spreader Market by Application
10.5.1.7 Qatar
10.5.1.7.1 Qatar Fertilizer Spreader Market by Type
10.5.1.7.2 Qatar Fertilizer Spreader Market by Application
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Fertilizer Spreader Market by Type
10.5.1.8.2 Rest of Middle East Fertilizer Spreader Market by Application
10.5.2 Africa
10.5.2.1 Africa Fertilizer Spreader Market by Country
10.5.2.2 Africa Fertilizer Spreader Market by Type
10.5.2.3 Africa Fertilizer Spreader Market by Application
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Fertilizer Spreader Market by Type
10.5.2.4.2 Nigeria Fertilizer Spreader Market by Application
10.5.2.5 South Africa
10.5.2.5.1 South Africa Fertilizer Spreader Market by Type
10.5.2.5.2 South Africa Fertilizer Spreader Market by Application
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Fertilizer Spreader Market by Type
10.5.2.6.2 Rest of Africa Fertilizer Spreader Market by Application
10.6 Latin America
10.6.1 Latin America Fertilizer Spreader Market by Country
10.6.2 Latin America Fertilizer Spreader Market by Type
10.6.3 Latin America Fertilizer Spreader Market by Application
10.6.4 Brazil
10.6.4.1 Brazil Fertilizer Spreader Market by Type
10.6.4.2 Brazil Africa Fertilizer Spreader Market by Application
10.6.5 Argentina
10.6.5.1 Argentina Fertilizer Spreader Market by Type
10.6.5.2 Argentina Fertilizer Spreader Market by Application
10.6.6 Colombia
10.6.6.1 Colombia Fertilizer Spreader Market by Type
10.6.6.2 Colombia Fertilizer Spreader Market by Application
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Fertilizer Spreader Market by Type
10.6.7.2 Rest of Latin America Fertilizer Spreader Market by Application
11. Company Profile
11.1 Deere & Company
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Kubota Corporation
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Mahindra & Mahindra Ltd
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Agco Corporation
11.4 Company Overview
11.4.2 Financials
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 CNH Industrial N.V
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Claas KGaA mbH
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Bucher Industries AG
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Adams Fertilizer Equipment
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Dalton AG Inc
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Teagle Machinery Ltd
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
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