Fertilizer Spreader Market Size Worth $1.19 Billion By 2032 | CAGR: 5.3%

The global fertilizer spreader market size is expected to reach USD 1.19 billion by 2032, according to a new study by Polaris Market Research. The report “Fertilizer Spreader Market Share, Size, Trends, Industry Analysis Report, By Type (Drop Spreader, Dry Spreader, Liquid Spreader, Pendulum Spreader, and Broadcast Spreader); By Component; By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The continuous increase in the demand for fertilizers worldwide due to increased consumption of fruits and vegetables, fostering the market growth. Additionally, the growing awareness among farmers about advantages of fertilizer spreader like accurate and consistent delivery of fertilizer over yields, are the prominent factors boosting global market growth.  With the constant focus of key companies towards investing heavily in research and development activities to introduce smart and autonomous spreaders with wide range of innovative features and capabilities, the global market is likely to gain significant momentum.

• In December 2023, Amazone, introduced its latest ZG-TX spreader, that is specially designed for combined fertiliser & lime spreading. It comes with TS spreading system with AutoTS for the border spreading.

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Precision spreader has been gaining huge traction and popularity in the agriculture sector as it helps in spreading fertilizer more uniformly, faster, & easier way. As it is a hand-based device which makes sure even distribution of fertilizer for a farm according to their area or size, the adoption of these spreaders in the market could generate huge growth potential.

• For instance, in September 2023, Streumaster, introduced its next generation of the binding agent spreaders for the soil stabilization & cold recycling. The newly developed feature automatic dosing and is designed to deliver correct and precise discharge.

Furthermore, governments around the world are implementing on favorable initiatives and programs such as subsidies, incentives, and grants that promotes the adoption of advanced and highly innovated agricultural equipment like fertilizer spreader which helps them to improve their crop productivity and result in higher quality yields.  For instance, according to a report published in October 2023, the Union Cabinet of India, has approved a subsidy on P&K fertilizers for the current Rabi season, with aim to ensure that the farmers get soil nutrients at reasonable prices.

Fertilizer Spreader Market Report Highlights

• Broadcast spreader segment accounted for noteworthy share, on account of widespread use across applications with greater efficiency and beneficial features
• Fertilizer distributor segment expected to hold substantial share, due to rising adoption of this spreaders to efficiently cover larger farms and improve crop yield
• Farms segment will grow at highest growth rate, that is attributable to growing number of large farms and drastic surge in demand for high-quality food products
• Asia Pacific dominated the global market, owing to vast presence of leading agricultural nations and rapid increase in region’s population
• The key market players include Keith Rennie Machinery, Mahindra & Mahindra, Salford Group, Teagle Machinery, Farmec Ireland, and Adams Fertilizer Equipment

Polaris Market Research has segmented the fertilizer spreader market report based on type, component, application, and region:

Fertilizer Spreader, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Drop Spreader
• Dry Spreader
• Liquid Spreader
• Pendulum Spreader
• Broadcast Spreader

Fertilizer Spreader, Component Outlook (Revenue - USD Billion, 2019 - 2032)

• Hopper or Storage
• Drop Tube
• Fertilizer Distributor

Fertilizer Spreader, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Farms
• Public Gardens
• Others

Fertilizer Spreader, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Fertilizer Spreader Market Report Scope