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Market Overview

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The global market for fertilizer spreaders experienced a shipment of 584.7 thousand units in 2022 and is projected to reach 755.6 thousand units by 2028, with a compound annual growth rate (CAGR) of 4.37%. Governments worldwide are prioritizing food self-sufficiency due to the decline in arable land caused by urbanization, resource exploitation, and changes in food production and consumption patterns. As a result, governments must adopt efficient and sustainable farming practices to ensure food security and safety. Developing countries are increasingly focusing on farm mechanization, driving the demand for fertilizer spreaders. By improving output yield, these spreaders contribute to the growth of the fertilizer spreader market. Additionally, developed countries are embracing precision farming, which will increase the demand for technologically advanced fertilizer spreaders.

Precision farming involves planting crops according to soil specifications. The rising adoption of precision farming is expected to be a significant driver for fertilizer spreader sales. Precision fertilizer spreaders, equipped with calibrating systems to control fertilizer quantity and mass flow controls to track the fertilizer needed per subplot, enhance agricultural yields and productivity. They also assist in soil mapping, using satellite technology to guide fertilizer application, and software programs that analyze soil nutrients to determine fertilizer application. Leading manufacturers of precision products in the fertilizer spreader market include KUHN, AMAZONE, BBI, and Sulky.

After a decline in 2019 and 2020, the fertilizer spreader market witnessed a recovery in 2021, with India, China, and the US leading in terms of sales. China experienced significant growth in the sale of mounted spreaders due to its large number of small and medium-scale farmers with an average landholding size of 1.15 hectares. Turkey also emerged as a rapidly growing market in 2021, becoming the second-fastest growing fertilizer spreader market globally.

Increasing the availability of technologically advanced fertilizer spreaders and implements is crucial for saving time, money, and increasing yields. Governments are actively promoting farm mechanization among farmers to drive demand and sales of new equipment in the global fertilizer spreader market. The mechanization of farms is considered essential for the agriculture sector as it can enhance food production and alleviate labor shortages.

In terms of geography, fertilizer spreader sales in the US grew by approximately 10.3%, with the mounted type segment experiencing significant growth compared to 2020. Factors contributing to the growth of the mounted type segment included increased business turnover among hobby and livestock farmers. The Middle East and Africa (MEA) and Latin America still have low levels of farm mechanization, making them potential markets for vendors offering mounted and trailed spreaders suitable for these regions. The fertilizer spreader market is currently in the growth stage, and manufacturers are seeking to expand their capacities in various countries.

The global fertilizer spreader market is witnessing a new wave of innovation as agriculture intersects with digital technologies, opening up avenues for a smart agricultural future. Fertilizer spreader manufacturers are highly competitive, continuously striving to innovate and differentiate their products at affordable prices. State-of-the-art technology, such as GPS systems on fertilizer spreaders, allows farmers to perform field mapping, soil sampling, and crop scouting, even under challenging weather conditions like rain, dust, and fog.

Prominent and emerging countries worldwide are experiencing rapid farm mechanization, although the level of mechanization varies across geographical regions. Agricultural powerhouses such as India, China, and the US are implementing advanced technologies to boost production and net incomes. These countries are also adopting farm mechanization at an accelerated pace, with fertilizer spreaders playing a significant role. In 2021, China and India accounted for the largest share of fertilizer spreader sales in the Asia-Pacific (APAC) region. According to the World Bank, over 50% of the global population is expected to migrate to cities by 2050, which will significantly impact the agricultural workforce and further drive the need for farm mechanization.

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Market Segmentation

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The market is segmented based on various factors, including mounting type, fertilizer type, and geography.

Segmentation by Mounting
Mounted
Trailed
Self-propelled

Segmentation by Fertilizer
Solid
Liquid

Segmentation by Geography
North America – US, Canada
Europe – Germany, France, Russia, Italy, Spain
APAC – China, India, Australia, New Zealand
Latin America – Brazil, Mexico, Argentina
Middle East & Africa – South Africa, Turkey

The mounted fertilizer spreader segment has emerged as the highest selling category across regions worldwide, with shipments reaching 299 thousand units in 2022. This segment primarily consists of fertilizer spreaders that are mounted on trucks or tractors.

These spreaders, commonly referred to as rotating or centrifugal spreaders, are predominantly used for dispersing granular fertilizers. The future growth of this market is anticipated to benefit from the consolidation of farmland, as these spreaders find extensive usage in large-scale farms. Manufacturers are also introducing newly mounted spreaders with advanced features such as GPS speed sensors for maintaining optimal speed, balanced fertilizer distribution, and pressure-based nozzle control systems that ensure consistent patterns in fertilizer spreading.

Solid fertilizer holds a dominant position in the industry, with shipments reaching 461 thousand units in 2022. Several factors contribute to its industry dominance, including its affordability, minimal supply and equipment requirements, and cost-effectiveness compared to liquid fertilizers.

The market for liquid fertilizer spreaders is projected to grow at a CAGR of 3.9% during the forecast period. Many farmers are shifting towards liquid fertilizers due to the expansion of cropland and the increasing need for enhanced crop production, as plants can absorb these nutrients more rapidly, yielding quicker results.

In terms of volume, North America accounts for approximately 24.5% of the global fertilizer spreader market. The region boasts a high level of farm mechanization, and farmers in both the United States and Canada possess strong financial capabilities to invest in agricultural machinery, including fertilizer spreaders, tractors, and cultivators. Moreover, farmers in this region benefit from easy access to credit loans for purchasing agricultural equipment. The United States and the Netherlands serve as major exporters of agricultural products to developing countries such as China, where food demand remains high due to its large population.

The Asia-Pacific (APAC) region is anticipated to exhibit the fastest growth in the global fertilizer spreader market, with a projected CAGR of 4.62% during the forecast period. Farm mechanization in APAC is steadily progressing, driven by the need to increase per unit yield and address the decline in the farming population. Governments across these countries have ramped up support for farmers by offering subsidies and incentives for purchasing fertilizer spreaders and other agricultural equipment, as well as implementing regulations to facilitate the modernization and development of the farming industry.

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Competitive Landscape

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The global fertilizer spreader market exhibits a moderate level of fragmentation, with numerous local and international players operating within it. As consumer expectations for continuous advancements and upgrades in agricultural equipment rise, vendors may face challenges due to the dynamically changing economic environment. In order to establish a strong business presence, vendors are compelled to adapt and enhance their value proposition. In this intensely competitive market, consolidation is expected to increase as vendors strive to differentiate their products and services through unique value propositions. Failure to do so may result in limited survival prospects in the fiercely competitive fertilizer spreader market.

AGCO Corp., Deere & Co., CNH Industrial, Kubota, and Adams Fertilizer Equipment are prominent vendors in the global fertilizer spreader market. These leading players face intense competition on the global stage. Many players in the industry offer a wide range of agricultural equipment, leveraging economies of scale. Other noteworthy players include Salford Group and Kuhn Group. Acquisition strategies have been adopted by several players in their quest to become market leaders.

Key companies profiled in this report include AGCO Corporation, CNH Industrial, Deere & Company, Kuhn Group, Amazone Werke, Adams Fertilizer Equipment, Eurospand Cavallo, CEA AGRIMIX, Montag Mfg, Salford Group, Cleris, Takakita, Enorossi, Vervaet, Kuxmann.

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Key Questions Answered

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What is the size of the fertilizer spreader market?

The global fertilizer spreader market reached a total of 584.7 thousand units in 2022 and is projected to reach 755.6 thousand units by 2028.

What is the growth rate of the fertilizer spreader market?

The fertilizer spreader market is expected to grow at a compound annual growth rate (CAGR) of 4.37% from 2022 to 2028.

What are the major trends in the global fertilizer spreader market?

The major trends in the global fertilizer spreader market include the development of smart and autonomous spreaders, an increase in food consumption and population growth, and financial support provided to farmers through loans and subsidies.

Who are the key players in the global fertilizer spreader market?

The key players in the global fertilizer spreader market are AGCO Corporation, CNH Industrial, Deere & Company, Kuhn Group, and Amazone Werke.

Which region dominates the global fertilizer spreader market?

The Asia-Pacific (APAC) region holds the largest share of the global fertilizer spreader market, accounting for 55.7% in 2022.