A recent report published by Infinium Global Research on fertilizer spreader market provides an in-depth analysis of segments and sub-segments in the global as well as regional fertilizer spreader market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional fertilizer spreader market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global fertilizer spreader market. According to the report, the global fertilizer spreader market is projected to grow at a healthy CAGR over the forecast period of 2019-2025.
Market Insight
Nowadays tremendous changes have occurred in conventional methods of agriculture like seed plantation, irrigation system, pesticides, and spray used. It is necessary to increase agricultural productivity for developing the economic condition. Fertilization is one of the important Farming stages and that is not exploded up to the mark until now. Nowadays, spreading of fertilizer in the traditional way is time consuming, costlier as well as not provide comfort to the labor. A spreader is a professional machine proposed to spread fertilizer in the fields. It is a kind of versatile tool that any lawn owner needs to have. Spreading fertilizer is quite tough without using the best commercial fertilizer spreader.
Increasing demand for crops with improved quality is the major driving factor of the fertilizer spreader market. Fertilizer spreader allows farming without dependency on manual labor that led to an increase in the demand for it. Furthermore, factors such as growing population, the decline in arable land, and unfavorable fluctuations in climate conditions are other driving factors of the market growth. Fertilizers spread by using fertilizer spreader helps to increase production, it also does not have adverse effects on soil health. The subsidies offered on agricultural equipment by government bodies fueling the growth of the market. The continuous decline in the availability of land for agriculture has led to the development and adoption of numerous technologies is boosting the market growth. However, lack of awareness among the people is restraining the growth of the market. Moreover, increasing adoption of precision farming is expected to provide growth opportunities to the market players.
Geographically, Asia Pacific dominates the global fertilizer spreader market owing to increasing dependence on fertilizers for improver crop productivity. North America and Europe regions are expected to grow with significant CAGR due to high rate of technology adoption and high per capita income in this region.
Segment Covered
The report on global fertilizer spreader market covers segments such as type, components, and applications. On the basis of type, the sub-markets include dry spreaders, drop spreaders, rotary spreaders, liquid spreaders, and pendulum spreaders. On the basis of components, the sub-markets include hopper or storage, drop tube, and fertilizer distributor. On the basis of applications, the sub-markets include farm, garden, and other applications.
Companies Profiled:
The report provides profiles of the companies in the market such as AGCO Corporation, CLAAS, Deere and Company, Kubota Corporation, KUHN Group, Adams Fertilizer Equipment, Loftness Manufacturing, The Scotts Company LLC, Kverneland Group, Teagle Machinery Ltd, and other companies.
Report Highlights:
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of fertilizer spreader market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
