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Fertilizer Spreader Market Size, Share, Growth, Analysis, Industry Trends and Outlook 2023-2030
Fertilizer Spreader Market- DataM Intelligence 4Market Research
Global Fertilizer Spreader Market reached USD 687.6 million in 2022 and is expected to reach USD 1,063.2 million by 2030, growing with a CAGR of 5.6% during the forecast period 2023-2030.
Precision agriculture is becoming more popular across the world. Fertilizer spreaders play an important part in precision agriculture by allowing for precise and targeted fertilizer distribution depending on soil tests and crop demands. This approach encourages sustainable agricultural techniques, decreases environmental effect, and boosts crop yields.
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Market Drivers: Rising Awareness about Benefits of Fertilizer Spreaders.
Spreaders for fertilizer make it possible to apply fertilizer evenly and precisely across fields. Better nutrient delivery as a consequence promotes crop health and increases yields. Farmers are more likely to purchase fertilizer spreaders in order to increase production when they see the beneficial effects on their crops.
The overall amount of fertilizer products consumed in 2021-2022 was 63.94 million MT, according to the Indian Journal of Fertilizers. With the use of fertilizer spreaders, farmers may apply fertilizer in precisely the right quantities for each crop and area. Farmers that are concerned about the environment will find this effective nutrient use to be an appealing option since it lowers expenses and minimizes environmental contamination.
Market Segmentation: Broadcast Spreaders' Versatility and Widespread Application
Broadcast spreaders are very effective in swiftly covering big regions. They are well-suited for open fields and broadacre farming because they can disperse fertilizers and other granular ingredients in a wide pattern. Their capacity to cover enormous regions in a short period of time enhances operational efficiency for farmers who manage big swaths of land.
Market Companies:
The major global players include Deere & Company, AGCO Corporation, Kubota Corporation, Kasco Manufacturing Co., Inc., CNH Industrial N.V., Mahindra & Mahindra Ltd., Adams Fertilizer Equipment, Bucher Industries AG, Farmec Ireland Ltd. and Bogballe A/S
By Type
• Dry Spreaders
• Drop Spreaders
• Broadcast Spreaders/Rotary Spreaders
• Liquid Fertilizer Spreaders
• Others
By Form
• Solid
• Liquid
By Power Source
• Manual
• Battery
• Gasoline
• Electric
• PTO Driven
By Mounting
• Mounted
• Trailed
• Self-propelled
By Hopper Material
• Polyethylene
• Stainless Steel
• Others
By Capacity
• Small
• Medium
• Large
By Application
• Farm
• Gardens
• Others
By Distribution Channel
• Company-Owned Shops
• Specialty Stores
• Hypermarket/Supermarket
• E-Commerce
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa
Geographical Share: The Expanding Agricultural Machinery Industry in North America
North America has been in the forefront of adopting precision agricultural methods, which stress data-driven decision-making and resource targeting. Fertilizer spreaders are essential in precision agriculture because they enable farmers to apply fertilizers with pinpoint accuracy depending on soil tests and crop demands.
Industry Developments:
In May 2023, Jacto, a manufacturer of agricultural machinery, launched modern fertilizer spreading and spraying equipment in NAMPO 2023. The highlight of this Nampo edition was Uniport 5030 NPK fertilizer spreader.
Related Reports:
Fertilizer Tester Market-https://www.datamintelligence.com/research-report/fertilizer-tester-market
Fertilizer Mixtures Market-https://www.datamintelligence.com/research-report/fertilizer-mixtures-market
Fertilizer Injection Pumps Market-https://www.datamintelligence.com/research-report/fertilizer-injection-pumps-market
Fertility Monitors Market-https://www.datamintelligence.com/research-report/fertility-monitors-market
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