The Global Fertilizer Spreader Market valued at US$ 603.55 Million in 2021 and is anticipated to increase at US$ 847.16 Million by 2027, with a growing CAGR 6.43% of in the next six years.
A fertilizer spreader is a piece of agricultural machinery used to spread fertilizer, seed, lime, ice melt, sand, and other materials. Depending on the spreading material, the fertilizer spreader calibrates different rates of application. It's a chemical compound made up of dry pelletized free-flowing material that requires a certain application rate. A fertilizer spreader can be used instead of farm seeding equipment. Spreaders are used to apply fertilizer and grass seed evenly throughout your lawn. Drop and broadcast spreaders, commonly known as rotary spreaders, are the two varieties. Broadcast spreaders come in two varieties: walk-behind and hand-held. A hopper holds the substance and an adjustable aperture allows you to manage the amount of fertilizer or seed you scatter.
Drop spreaders are extremely precise, distributing fertilizer in uniform rows precisely where you want it. It's critical to overlap your wheel marks to ensure that the entire grass is covered. The amount of product spread is directly proportional to your walking speed. Broadcast spreaders spread fertilizer in all directions in a fan-like configuration, covering a larger area each pass than drop spreaders. The amount of product disseminated is affected by your walking speed and the hole size of the spreader. Broadcast spreaders are designed to disseminate fewer products as they approach the boundary of their broadcast range. Check the spreader handbook for instructions on how far to toss different types of fertilizers. Be careful to overlap passes, like with drop spreaders, to avoid stripes.
MARKET DRIVERS
The need for fertilizer spreaders is being driven by the demand for higher-quality agricultural output. The continued scarcity of agricultural land has prompted the development and acceptance of a variety of technologies, such as precision agriculture and autonomous systems, that have increased farm production or output. Furthermore, the desire for higher-quality agricultural output has encouraged and motivated farmers to use potassium and phosphorus fertilizers. This is expected to increase demand for fertilizer spreaders, which is expected to drive the market in the coming years. Furthermore, government subsidies on agricultural equipment to enhance agricultural productivity and quality of crop production are expected to drive demand for fertilizer spreaders in the near future. Another factor propelling market expansion is the increased rate of adoption of technology in agriculture throughout the world. The pace of technological adoption is quite high in industrialized regions. Because of the large per capita income, most farmers and manufacturers who get their raw materials from farming operations utilize new technology to increase their profits. Fertilizer spreader demand is expected to increase significantly in the near future, as this equipment minimizes labor. Furthermore, the expanding availability of loans for farmers and the growing concern about food security are pushing the fertilizer spreader business in the country. Beginning with fundamental types of machinery such as tractors, plows, and threshers, contemporary demand and innovation are concentrated on pre-harvest and post-harvest machinery such as seeders, sprayers, threshers, harvesters, drilling machines, and so on.
MARKET RESTRAINTS
The rural population movement is stifling the fertilizer spreader business. Due to a preference for desk professions over employment that involves physical labor, the majority of farmers are changing from farming to other vocations or moving to metropolitan regions to work in the industry. This is lowering the personnel available for farming. The migration of rural people to cities is a significant element that is expected to stymie the fertilizer spreader industry.
Market Segmentation
The Fertilizer Spreader Market's Drop Spreaders segment dominates the global market. Drop spreaders drop the grass product between the wheels, allowing you to precisely regulate where it falls for a precise application. Drop spreaders are made comprised of a bucket-style container with a raised handle for pushing that is normally positioned on two wheels.
The fastest-growing industry is likely to be agriculture. Fertilization, often known as fertilizer application, is the addition of plant nutrients to agricultural plants in order to supplement the supply from natural sources. This entails putting nutrient-rich compounds, known as fertilizers, into the soil near receptor plants. Some, on the other hand, are mixed with water or air, or sprayed as a foliar spray.
Asia Pacific region holds the largest amount of share in the global Fertilizer spreader market, due to the increment in the dependency of fertilizer to show forth the productivity. The completion of China's South-North water transfer plant project, which is expected to be completed by 2050, would result in the deployment of diverse construction machines, either through lease or ownership, increasing demand for construction machinery during the next three decades. The construction machinery market is driven by an increase in dam construction, real estate industry, commercial and residential complexes, and the growth of rail and road infrastructure in the APAC region.
North America holds second larger share in the global Fertilizer spreader market. Due to the significant CAGR growth and improved crop productivity. The countries that are helping in the growth and development of the global fertilizer market are United States, Canada, and Mexico.
Europe holds a significant amount of share in the global Fertilizer spreader market. AS the presence of this resource is helping in the farming techniques and increase of crops are to be seen. The countries like Netherlands, Sweden, Austria, United Kingdom, and many European nations are pitching in for the growth of the market.
Key Players:
Recent developments:
Frequently Asked Questions
The major players in the market are AGCO, CLAAS, Deere & Company, Kubota, KUHN Group, Adams Fertilizer Equipment, Salford Group, Scotts and Kverneland Group.
Asia Pacific (APAC) and North America are the dominant countries in the Fertilizer Spreader industry.
The Global Fertilizer Spreader Market valued at US$ 603.55 Million in 2021 and is anticipated to increase at US$ 847.16 Million by 2027, with a growing CAGR 6.43% of in the next six years.
Demand for crop production has encouraged and prompted farmers to opt for fertilizers. This is anticipated to drive the demand for fertilizer spreader market in forecast period.
Lowering the personnel available for farming. The migration of rural people to cities is a significant element that is expected to stymie the fertilizer spreader industry.
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