Asia Pacific Starter Fertilizers Market was worth $2.15 billion in 2021 and estimated to be growing at a CAGR of 9.8%, to reach $3.85 billion by 2026. Newly planted have to be properly taken care of until it grows into a plant. Lack of proper nutrition in the early growth stage of the seed affects its growth in the future leading to low yielding. Starter fertilizers provide the solution in this case.
Placing a small amount of fertilizer containing necessary nutrients along with the plantation of seeds to help the growth of seeds is called starter fertilizer. They improve the development of seeds during the time of its emergence by making the nutrients available inaccessible locations to its roots. The nodal root system is slowed by weather or damaged by pests in normal conditions. Plants embedded with Starter fertilizers can withstand these situations and grow healthily.
Drivers and Restraints of Asia Pacific Starter Fertilizers Market:
With the increase in urbanization area under which forage & turf grasses are cultivated is increasing. As proper soil is not available in cities, starter fertilizers are in high demand to enhance the growth. Untapped markets will result in higher growth opportunities for the Starter fertilizers market. The increase in demand for food and agricultural products also helps in driving the market growth of the Starter fertilizers market. Lack of awareness in farmers and limited use of Starter fertilizers in agriculture are some of the major restraining factors for the Starter fertilizers market.
Asia Pacific Starter Fertilizers Market – By Nutrient Components:
Unavailability of phosphorous in many soils resulted in an increase in demand for Starter fertilizers and thus Phosphorous holds the largest market share in this segment.
Asia Pacific Starter Fertilizers Market – By Crop Types:
Cereals hold the largest market share in this segment owing due to the increase in demand for cereals all over the world and also due to the high adoption of starter fertilizers by North America in cereal production.
Asia Pacific Starter Fertilizers Market – By Form:
Both of these forms hold the market on the same level.
Asia Pacific Starter Fertilizers Market – By Application:
The foliar method holds the largest share in this segment.
Based on region, Asia-Pacific is segmented into
The Asia Pacific is the fastest-growing market for Starter Fertilizers Market. Japan and Australia are quickly adapting to the use of starter fertilizers. India and China present a huge customer base with a lot of opportunities.
Some of the major players operating in the global starter fertilizers market are Stoller USA Inc., The Scotts Miracle-Gro Company, Conklin Company Partners Inc., Yara International ASA, CHS Inc., Agrium Inc., Helena Chemical Company, Miller Seed Company, and Nachurs Alpine Solution.
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