Fertilizer Spreader Market Share, Size, Trends, Industry Analysis Report, By Type (Drop Spreader, Dry Spreader, Liquid Spreader, Pendulum Spreader, and Broadcast Spreader); By Components; By Application; By Region; Segment Forecast, 2024 – 2032
- Published Date:Mar-2024
- Pages: 118
- Format: PDF
- Report ID: PM4421
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
The global fertilizer spreader market was valued at USD 754.69 million in 2023 and is expected to grow at a CAGR of 5.3% during the forecast period.
Use of spread fertilizer or chemicals across various places such as farms, public gardens, home lawns, and in commercial turn applications, boosting the global market growth. The adoption of these machines has grown among farmers over traditional methods of spreading fertilizers because of their uneven spreading. In addition, growing technological advancements and focus on companies towards developing new and more innovative spreading solutions to meet emerging market needs and stay competitive in the market, are also likely to propel market’s growth.
- For instance, in October 2021, SiteOne Landscape Supply, announced about the launch of its new and exclusive LESCO spreaders & sprayers including LESCO 100, 200, 300, & 600 Applicator models. The newly launched spreader features 100% stainless steel frames & coated Peerless trans-axle to resist corrosive chemicals for the extended life.
Furthermore, there has been a drastic increase in the number of favorable government initiatives and programs all over the world that promotes adoption of such machinery solutions. Advanced spreaders allow for accurate as well as consistent fertilizer delivery over yields that led to enhanced nutrient distribution. It encourage farmers to invest in advanced fertilizer spreader solutions as they see favorable influence on their harvests.
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However, the continuous fluctuation in the prices of raw materials that are used to manufacture spreaders such as metal alloys, stainless steel, and others, and high cost associated with the installation a of these machineries specially for small farmers, are the factors restraining the market’s growth.
Industry Dynamics
Growth Drivers
- Growing fertilizers demand in farming and technological advancement in product are likely to spur market growth
There is an increasing demand for fertilizers spreaders in farming because of substantial boost in the consumption of vegetables and fruits and many other food products that led to huge demand for fertilizers to improve farms productivity and quality. Additionally, there are numerous key players in the market focusing on the introduction of new innovative spreading equipment with advanced autonomous systems, precision systems, and semi-automatic systems to effective delivery of fertilizers, which will drive the market’s growth.
- For instance, in September 2023, Horsch, announced the launch of its new Xeric 14FS fertilizer spreader, that is specially designed to provide high-output, accurate applications using a wider range of fertilizer products. The newly launched spreader also features automatic section shut-off and is available with optional variable-rate application with curve control.
Report Segmentation
The market is primarily segmented based on type, component, application, and region.
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By Type |
By Component |
By Application |
By Region |
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By Type Analysis
- Broadcast spreader segment accounted for the largest market share in 2023
The broadcast spreader segment accounted for the largest market share This dominance is attributable to continuous development in terms of design and ability of spreaders and significant use of these spreaders across various applications including commercial turn applications, public gardens, farms, and home lawns.
The drop spreader segment is anticipated to emerge at fastest growth rate. This growth is due to its ability to spread fertilizer to every part of the lawn with greater efficiency and effectiveness. Moreover, numerous beneficial characteristics including reduced environmental impact, versatility, ease of use, cost-effectiveness, and higher compatibility with other fertilizers, influencing the adoption of drop spreaders.
By Component Analysis
- Fertilizer distributor segment expected to hold significant market share
The fertilizer distributor segment expected to hold significant market share. Segment’s market is driven by drastic increase in the adoption rate of fertilizer distributors among larger farms with extensive area, because fertilizer distributor helps them to cover ground more efficiently along with the growing focus of farmers from all over the world towards improving or enhancing crop yields and overall productivity.
In addition, rising proliferation among leading market companies regarding the development and introduction to new fertilizer distributor with advanced technologies and features, allowing for fertilizer distribution in a more effective way, is also likely to create significant growth opportunities.
- For instance, in February 2023, Vantage AG, announced about the launch of its first product from their proprietary technology platform. The newly developed technology is highly effective nano-particle formulation that is specially designed to cover and penetrate plant tissue.
By Application Analysis
- Farms segment is expected to witness highest growth
The farms segment is projected to grow at highest growth rate. This growth is attributed to growing use of such equipment in farming operations and widespread adoption of modern agricultural machinery that lead to time-saving and highly-efficient spreading of fertilizers into large farms. Apart from this, with the continuous increase in global population, there is a drastically growing demand for high-quality food products to meet surging population needs, thereby, adoption of fertilizer spreaders to improve the productivity and crop yield by farmers is boosting the segment fertilizer spreader market growth.
- For instance, according to a report published by United Nations, the world’s total population was estimated around 8 billion in November 2022, and is projected to rise to 2 Bn persons in coming 30 years and could reach 10.4 Bn by 2080.
Regional Insights
- Asia Pacific region dominated the global market in 2023
The Asia Pacific region dominated the global market with noteworthy share. Region’s growth is accelerated by growing demand for fertilizers in the region to improve crop yield and boost productivity to meet constantly growing demand for food products. Beside this, robust presence of some of the leading countries engaged in agricultural activities has also led to greater adoption of modern farming techniques and equipment like fertilizer spreader.
- For instance, according to our findings, China’s arable land accounts for almost 10% of world’s total arable land and supports more than 20% of world’s population.
North America will grow with substantial pace. Region’s growth is attributed to availability of various leading farming equipment manufacturing companies. Additionally, the lack of labor and population working in agricultural sector that creates huge demand and adoption for technology-driven solutions to perform various farming operations, is further escalating the region’s growth. For instance, according to our findings, less than 2 percent of total population in the United States are directly employed in the agricultural industry and the median age of a farmer in the country reached to 55.9 years old.
Key Market Players & Competitive Insights
The market is moderately competitive in nature due to presence of numerous rivals in the global market. Companies are competing on factors like improving build quality and durability, incorporating advanced technology, competing pricing, and maintaining brand reputation. For instance, in November 2023, Bayer announced that they have entered into a new strategic partnership with Agrisem for agricultural data collection. The new partnership will aim to improve the connectivity and harvesting of data for the farmers in Europe.
Some of the major players operating in the global market include:
- Adams Fertilizer Equipment
- AGCO Corporation
- CLASS KGaA GmbH
- Dalton AG Inc.
- Deere & Company
- EarthWay Products Incorporated Inc.
- Farmec Ireland Ltd.
- IRIS Spreader
- Keith Rennie Machinery Ltd.
- Kubota Corporation
- KUHN Group
- Mahindra & Mahindra Ltd.
- Salford Group Inc.
- Teagle Machinery Ltd.
- The Scotts Company
Recent Developments
- In August 2022, Case IH & Raven Industries, 1st autonomous spreader named ‘the Case IH Trident 5550 applicator with the Raven Autonomy.
- In May 2023, Jacto, unveiled its latest and modern fertilizer spreading and spraying equipment called “NAMPO 2023” that includes a Uniport 5030 NPK fertilizer spreader having a 5,000 kg capacity tank and up to 50-meter application width for granular fertilizers. It also includes several innovative technologies that help in reducing the cost and lower environmental impact.
Fertilizer Spreader Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 792.80 million |
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Revenue forecast in 2032 |
USD 1,196.09 million |
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CAGR |
5.3% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD million and CAGR from 2024 to 2032 |
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Segments covered |
By Type, By Component, By Application, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
FAQ's
The key companies in Fertilizer Spreader Market include Keith Rennie Machinery, Mahindra & Mahindra, Salford Group.
The global fertilizer spreader marketis expected to grow at a CAGR of 5.3% during the forecast period.
Fertilizer Spreader Market report covering key segments are type, component, application, and region.
The key driving factors in Fertilizer Spreader Market are Growing fertilizers demand in farming and technological advancement in product are likely to spur market growth
Fertilizer Spreader Market Size Worth $ 1.19 Billion By 2032
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