Fertilizer Spreader Market Trends

Statistics for the 2023 & 2024 Fertilizer Spreader market trends, created by Mordor Intelligence™ Industry Reports. Fertilizer Spreader trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Market Trends of Fertilizer Spreader Industry

Acute Farm Labor Shortage and Aging Hired Farm Workforce

Farmers pressure their governments to facilitate the immigration of farmworkers from poorer countries to fill the void. Even if there is an abundance of farm labor overall, local labor shortages often materialize if workers are not available in the right place at the right time. Acute farm labor crunch has surfaced in the world in recent years. A survey by the California Farm Bureau has revealed that more than 40% of the farmers have faced a consistent labor shortage for various farm operations for the past five years, which has further led to an increased usage of spreaders. According to a report by USDA, 2018, the agricultural worker participants decreased from 15,500 in 2015 to 12,000 in 2017 as bringing large numbers of workers from Asia would be more expensive and challenging logistically to work in Mexico. Thus, with a reduced dependency on labor and resulting in increased efficiency, farmers have started relying on machineries, such as, spreaders and harvesters for rapid cultivation, which is expected to drive the demand for spreaders during the forecast period.

Fertilizer Spreader Market1

Asia-Pacific Dominates the Fertilizer Spreader Market

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 the high rate of technology adoption and high per capita income in this region. The progress of South-North water transfer plant project in China, anticipated to complete by 2050, would deploy various construction machinery either by leasing or owning the machinery, thus growing the demand for construction machinery over next three decades. The increasing number of dam construction, real-estate business, commercial and residential complexes, and expansion of rail and road infrastructure in the APAC region are few drivers for the construction machinery market.

Fertilizer Spreader Market2

Fertilizer Spreader Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)