Fertilizer Spreaders Market Size, Share, Analysis, Trends, Growth, Forecasts, 2032

Fertilizer Spreaders Industry Prospective:

The global fertilizer spreaders market size was worth around USD 22.19 billion in 2023 and is predicted to grow to around USD 80.55 billion by 2032 with a compound annual growth rate (CAGR) of roughly 15.40% between 2024 and 2032.

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Fertilizer Spreaders Market: Overview

Fertilizer spreaders are farm-oriented equipment. They are used for spreading seeds in areas that do not allow row planting. They are mostly used in areas such as meadows and lawns. Fertilizer spreaders allow the homogeneous spreading of fertilizers. It is well known that crop yield and quality depend heavily on fertilizer application. However, one of the most crucial aspects of fertilizer application is the uniform spreading of the nutrients in fertilizers. This can be achieved effortlessly through fertilizer spreaders. Most seed-spreading tools can be used for a wide range of products across granular sizes. There are three main types of fertilizer spreaders, namely, broadcast spreaders, drop spreaders, and hand-held spreaders. Each variant offers specific advantages and limitations. Depending on the final required outcomes, users can choose from any of the three options. However, most professionally used spreaders are broadcast variants. They deliver exceptional finish and speed. The demand for fertilizer spreaders has been growing at a steady pace in the last few years. The growing investments in public access parks and lawns are a major reason for higher demand. However, the changing prices of raw materials required for fertilizer spreader production may limit the fertilizer spreader industry’s growth rate.

Key Insights:

• As per the analysis shared by our research analyst, the global fertilizer spreaders market is estimated to grow annually at a CAGR of around 15.40% over the forecast period (2024-2032)
• In terms of revenue, the global fertilizer spreaders market size was valued at around USD 22.19 billion in 2023 and is projected to reach USD 80.55 billion, by 2032.
• The fertilizer spreaders market is projected to grow at a significant rate due to the rising interest in home gardening
• Based on the type, the broadcast spreader segment is growing at a high rate and will continue to dominate the global market as per industry projection
• Based on the application, the farms segment is anticipated to command the largest market share
• Based on region, Europe is projected to dominate the global market during the forecast period

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Fertilizer Spreaders Market: Growth Drivers

Rising interest in home gardening is driving the market demand rate

The global fertilizer spreaders market is growing at a rapid rate due to the growing interest in home gardening activities worldwide. During COVID-19 many people shifted focus to finding new hobbies or going back to old ones. Home gardening became widely popular during lockdown impositions and the trend has continued to retain momentum in the last four years. As per market research, 3 out of every 4 people in European nations tend to garden. They are involved in gardening activities such as mowing, harvesting, planting, and weeding. In addition to this, more people are leveraging available farming equipment for better results thus creating more demand for fertilizer spreaders. Gardening or mowing is known to have several health benefits. For instance, studies indicate that regularly mowing the lawn works as a cardio exercise. It helps in burning calories. It also assists in calming the mind. A popular research conducted at the University of Queensland stated that the scent of a freshly mowed lawn can deliver the results of stress relievers. Awareness regarding the positive health implications of gardening has also been on the rise which may prove beneficial for the market players.

Growing use of fertilizers for improved farm yield will fuel the market growth rate

The global agriculture industry has been striving to meet the drastically rising food demand. Factors such as an increase in population density, higher demand for nutrient-rich food products, changing consumer lifestyles, urbanization, and increased disposable income have been responsible for higher demand for food products. Fertilizers provide essential nutrients to crops. They are rich sources of elements such as phosphorus (P), nitrogen (N), and potassium (K). Moreover, responsible use of fertilizers can also improve soil fertility thus resulting in better crop yield. However, incorrect fertilizer application may have a negative impact thus necessitating the use of fertilizer spreaders. These tools ensure that rice dosages of fertilizers are applied to crops throughout the area hosting the crops. The regional governments are launching new policies and initiatives for promoting the agricultural sector which could help fuel the demand for the global fertilizer spreaders market.

Fertilizer Spreaders Market: Restraints

Changing prices of raw materials used for producing fertilizer spreader may restrict the market expansion rate

The global industry for fertilizer spreaders is expected to be restricted due to the changing prices of raw materials such as steel and other alloys. Fertilizer spreaders are typically made of materials including rubber, stainless steel, plastic, aluminum, and certain composite materials. However, the prices of raw materials have been fluctuating in the last few years due to changing international trade relationships and global order. For instance, India’s steel production between January to April 2024 was 3% less as compared to the same time frame in 2023.

Fertilizer Spreaders Market: Opportunities

Fertilizer spreaders with improved performance may help the industry players expand their product reach

The global fertilizer spreaders market players are working on developing improved seed-spreading equipment. The more powerful tool may help the market size expand further during the projection period. More interest is diverted toward improving product features, energy efficiency, and final outcome. For instance, at the NAMPO ALFA Livestock, Hunting, and Outdoor Expo to be held in October 2024, Jacto is set to launch a self-propelled fertilizer spreader. The equipment is called Uniport 3030 Vortex. It is suitable for a wide range of terrain across the African continent. Moreover, the tool offers a spraying speed of 35 km/h. It can achieve fuel reduction of up to 35% as claimed by the company. Businesses developing fertilizer spreaders must offer customized solutions depending on the needs of domestic users and environmental factors. In January 2021, New Leader Manufacturing (NLM) announced the launch of NL600. It is a pull-type fertilizer spreader that applies lime, urea, BioSul, and compost with a 608 cu. ft. capacity.

Fertilizer Spreaders Market: Challenges

Seasonal demand for the tool and adoption limitations in emerging segments will challenge the market expansion rate

The global fertilizer spreaders industry is projected to be challenged by the seasonal demand for the tool. Fertilizer spreaders are used only during fertilizer spraying season. The tools do not offer extended applications. In addition to this, certain countries may show limited adoption of the equipment since they are more accustomed to traditional means of spreading fertilizers. The most common method is using hands. Fertilizer spreaders may prove cost-ineffective in case of limited arable land, especially in countries with low or middle-income farmer groups.

Fertilizer Spreaders Market: Segmentation

The global fertilizer spreaders market is segmented based on type, application, and region.

Based on the type, the global market segments are broadcast spreaders, hand-held spreaders, and drop spreaders. In 2023, the highest growth was witnessed in the broadcast spreader segment. These variants are known to deliver exceptional performance efficiency. They can cover an extensive range of land in a limited time. Additionally, they offer versatility and user-friendliness. Basic models of broadcast spreaders may cost between USD 25 to USD 60. However, high-end models can cost more than USD 410. The demand for hand-held and drop spreaders is growing at a steady pace due to affordability.

Based on the application, the fertilizer spreaders industry divisions are public gardens, farms, and others. In 2023, the highest market share was dominated by the farms segment. The growing investments in farming activities globally have fueled the adoption of high-performance fertilizer spreaders. Moreover, crop cultivators are becoming increasingly aware of the importance of correct fertilizer application. In the first half of 2024, Germany spent nearly USD 7 billion on the regional agricultural sector.

Fertilizer Spreaders Market: Report Scope

Fertilizer Spreaders Market: Regional Analysis

Europe to deliver the most optimal results during the forecast period

The global fertilizer spreaders market will be led by Europe during the projection period. Crucial companies manufacturing top-grade fertilizer spreaders are located in the region. Some of these companies include brands such as Deere & Company Bogballe, and others. Germany will witness a massive return on investment over the forecast duration. In January Rauch Landmaschinenfabrik GmbH, a German company, announced the launch of a novel pneumatic fertilizer spreader made specially for three-point attachment. The tool leverages the strength of centrifugal discs. It carries out distribution through rods and offers a capacity of 1,900 liters to 3,200 liters as per market research.

North America is anticipated to be led by the US and Canada. The former is a leading consumer and developer of basic to advanced fertilizer spreaders. The growing use of farm equipment to maintain and develop public parks and gardens is helping the regional market growth rate. The operating budget of the world-renowned Central Park in New York City of the US is around USD 74 million. Additionally, the accelerating investments in promoting the regional agricultural sector will propel the adoption of fertilizer spreaders across Canada and US regions.

Fertilizer Spreaders Market: Competitive Analysis

The global fertilizer spreaders market is led by players like:

• Mahindra & Mahindra Ltd.
• Kubota Corporation
• Hardi International A/S
• Vicon (Kverneland Group)
• CLAAS KGaA mbH
• Scotts Miracle-Gro Company
• Kuhn Group
• John Deere
• BBI Spreaders (Salford Group)
• AGCO Corporation
• Bogballe A/S
• Amazone Ltd.
• Great Plains Manufacturing Inc.
• EarthWay Products Inc.
• CNH Industrial N.V.

The global fertilizer spreaders market is segmented as follows:

By Type

• Broadcast Spreader
• Hand-Held Spreader
• Drop Spreader

By Application

• Public Gardens
• Farms
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa