Fertilizer Spreader Market Size, Share and Segmentation, By Type (Drop Spreader, Broadcast Spreader), By Application (Farm, Public Gardens, Others), By Regions and Global Forecast 2024-2032.

Fertilizer Spreader Market Report Scope & Overview:

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The Fertilizer Spreader Market size was estimated at USD 763.39 million in 2023 and is expected to reach USD 1216.11 million by 2032 at a CAGR of 5.31% during the forecast period of 2024-2032.

The discussed product serves to apply fertilizers or chemicals to lawns in homes, businesses, and public gardens as well as on farms. Nowadays, urbanization, mechanization, and technical improvements are rapidly developing worldwide. Correspondingly, the demand for using sophisticated agricultural equipment is increasing, and the market is accelerating its expansion. Farmers who prefer to apply fertilizers the old-fashioned way face decreased crop productivity because they fail to spread the fertilizer evenly. To be more precise with the use of fertilizer and increase crop productivity are expected to be the leading drivers of market growth. The 1 crore farmers across the country will be initiated into natural farming, supported by certification and branding in next 2 years.

The Four Multiplier Ready models all feature wide, tapered sides for quick filling, with a spread width of up to 120 feet. In just a couple of hours, the Liquid Logic system can be swapped out for a spinner, making year-round use and better ROI. With a 40-gallon/minute hydraulic flow, you get higher rates at faster speeds. Get consistent product control with NL ISO interface no matter which terminal you’re running. Critical sills and cross tubes are made with 304 SS components, providing durability in the long run. The boundary spread feature uses independent spinner speed control to slow one spinner down and keep product in the field. The NL5000 G5 dry nutrient applicator with swath width control saves costs and puts the product exactly where it’s needed. Utilizing a 16-section swath width control through pinpoint fan-frame positioning, the G5 reduces overlap by 10–15% compared to systems without section control. The G5 applicator excels in point rows and anywhere tight, such as terraces, small fields and rolling hills. Independent drinking, left or right side, streamlines spreading away from where it’s not needed, including any acreage already covered. The Last Pass Feature ensures proper placement across the field and minimizes overlap at all times.

The cultivation of several crops is increasing at a drastic rate with the growth in population, which in turn is increasing the usage of autonomous and semi-automatic spreader products for two types; agriculture and landscaping applications. It has been identified in the report of California Farm Bureau, more than 40% of the farmers have faced shortage of many farm operations in the last five years and has been increasing the usage of automated fertilizer spreading equipment. The usage of these products serves the users to reduce human interaction, less time-consuming process and increases the efficiency. Hence, the factors mentioned are expected to drive the fertilizer spreader market growth.

Market Dynamics

Drivers

• Precision 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.

Precision agriculture methods have become popular in the agricultural sector because they are capable of increasing the overall productivity and reducing the waste of resources. Specifically developed using technologies such as GPS, remote sensing, and data analysis, this approach to monitoring farm activities and managing crops allows for agricultural production to be surveilled and controlled in a very precise manner. One of the instruments that play a critical part in the management of fertilizers in precision farming is the fertilizer spreader, which is intended for distributing fertilizers across a farm plot: “Each product variant is adapted to the type of fertiliser and the area it can cover”. Overfertilizing and under fertilising plants becomes a much less likely issue. Consequently, fertilizers are used with maximum efficiency because of the precision of the application. Many types of crops benefit from precision farming methods. Since precision farming with the help of GPS reduces the volume of fertilisers unaccounted for, their effect on the environment is minimised. The overuse of fertilisers causes the release of harmful gases, whereas their excess runs off into the nearest water sources, leading to the death of fish and other aquatic creatures.

The use of these devices in precision agriculture contributes to farmers’ cost savings. Since the tools are designed in such way that the fertilizers are used in a precise amount, there is less waste of the input and thus the reduced expenditure on the use of various resources on an agricultural field. Moreover, the properly input materials and uniformly grown crops are of higher market value. Moreover, the developed technologies that are commonly integrated into the design of the fertilizer spreaders such as Variable Rate Technology further add to efficacy: its sensors constantly examine the rows of a crop and dictate the applicator to either increase or decrease the application rates of fertilizers. These remote sensors asses the type of soil, and detect the presence or absences of nutrient and the needs of crops. The use of these implements becomes increasingly common in precision agriculture which is beneficial for those farmers whose aim is to attain higher productivity, reduce their costs, and develop environment-friendly approaches to agriculture.

• 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.

The Governments provide financial supports to farmers in the form of subsidies and other incentives in order to lower the initial cost burden on the farmers facilitating them to go for modern-day tools and technologies that have resulted in increased productivity and efficiency. The fertilizers spreaders are designed to use the fertilizer in such a way that it could have an even distribution of fertilizers across the field of cultivation supporting proper sunlight and air to let into the inner portion of the crops. These advances have definitely more efficient and productive than the convectional way or older way of fertilizing and spreading seeds which increases waste and the yield level simply declines. Governments are aware of the fact that if they want to ensure food security and sustainability of the country, then they must encourage the farmers to go for innovative tools and technologies, which help increase productivity and efficiency.

There are different types of subsidies such as direct financial supports, tax breaks, providing low-interest loans, and grants. Each type of support has to be given to the farmers depending on their requirement and the purpose for which they are looking to receive the support. The subsidies provided by the Government reduce the cost factor involved in the use of new tools and technologies thereby facilitating the farmers to move from traditional ways to innovative methods of cultivation and growth. The Government programmes contain training and educating people to know about the new technologies and how they could make use of them in the most efficient manner providing the maximum output.

The government supports the purchase and adoptive of machinery like fertilizer spreaders, several advantages are realized. This is because it will make operations across fields more efficient and also cheaper due to reduced labor costs. As a result, it will be easier to train employees on better uses of machinery like fertilizers meaning that the quality and quantity of farm yields will improve. Lastly, the application process will be better and this will reduce over-application and leaching into environments which will reduce incidences of eutrophication thereby guaranteeing a cleaner environment. This means that government subsidies and incentives in use of such machinery ensures the growth and sustainability of the agricultural sector thereby economic growth.

Restraints

• 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.

One of the reasons governments around the world are introducing or simply considering changes in the legislation regarding the use of fertilizers is the significant risk to the environment that is associated with their misuse or overuse. In particular, soil erosion and water contamination seem to be some of the major nuisances causing significant damage to ecosystems and the population living there. The application of too much fertilizer to the soil results in the fast depletion of this latter, and the dust and humus that give the soil structure and fertility erode. It is the improper structure that promotes the rapid spread of water running down surface soil. Moreover, the water running through underlay canals and pipes, collecting fertilizers on the way, enters the rivers, lakes, seas, and oceans, resulting in the growth of harmful algal blooms and hypoxia. Therefore, the adverse environmental impact associated with the use of fertilizers calls for more accurate regulations and guidelines limiting this factor.

Market Segmentation

By Type

The Broadcast spreader segment is expected to be the largest category at a CAGR of around 4.6% during the forecast period. The broadcast spreader is the key aspect of the spreader market growth to an extent, the broadcasting spreader results in on-going product development contribution that spreads fertilizer over the farms, public gardens, commercial turf application, golf course, and home lawns. broadcast spreader smaller than the hopper of drop spreader. The drop spreader segment is expected to witness significant growth due to it carefully determines to make sure different parts of the lawn and garden receive an even coverage. Moreover, it is easy and simple to use and highly accurate when compared with broadcasting spreader and works well in lawns or spaces up to 5,000 square feet.

By Application

The farm segment is estimated to see a largest market growth 63.40% in 2023, as “there are a less farm worker same as raise in the usage of these products in all farming operations”. This category uses the produced spreaders on most of the land, and especially for spreading fertilizers throughout the aspect. It leads to proper distribution of the fertilizers which enable sustainable productions. In addition, the value of the spreaders is cheap for both small and big farms.

The public gardens segment is estimated to see a steady growth of especially in the countries such as France, India, Italy, and others. In the public gardens, small spreader or the handheld spreaders are used for spreading the chemicals or fertilizers.

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Regional Analysis

Asia-Pacific region is leading the market 36% in 2023. This is owing to the expanding acreage under agricultural domain notably in the developing economies such as India and China. Growing awareness, more personal disposable money, increased reliance on fertilizers to boost crop yield, and increased government backing are some of the other major elements promoting the expansion of this region.

Key Players

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

Recent Development

In May 2023: Jacto, an agricultural machinery company, showcased revolutionary fertilizer spreading and spraying equipment at NAMPO 2023. The Uniport 5030 NPK fertilizer spreader was the star of this Nampo edition