Europe starter fertilizers market was valued at USD 2.48 billion in 2023 and is anticipated to reach USD 2.63 billion in 2024 from USD 4.15 billion by 2032, growing at a CAGR of 5.9% from 2024 to 2032.
It is very important that newly planted seedling is provided with sufficient nutrients, irrespective of the soil conditions, so that they can grow properly. Starter fertilizers are one of the best ways to provide necessary macro and micronutrients in the early stages.
Well-provided growing young plants can be more resistant to pests and diseases caused by them. Earlier crop maturity can also be achieved by providing readily available nutrients at early stages of growth of the plants. Even if the soil is fertile, the roots of the seedling might not obtain nutrients from the bulk of the soil. Starter fertilizers are associated with higher grain yields and lower grain moisture. Fertilizer and biotechnology industries are developing products that increase the availability of nitrogen and phosphorus and recondition the structure of the soil.
Various improvements in the application of starter fertilizers and rising investments for research and development activities by starter fertilizer manufacturers are the major factors driving the starter fertilizers market. The increase in the yield of crops resulting from the use of starter fertilizers led to an increase in demand for starter fertilizers. Limited use of starter fertilizers in agriculture and high production costs are major restraining factors for the market.
Phosphorous holds the major market share in the starter fertilizers market and is expected to continue dominating the market share during the forecast period because of its significant role in stimulating the early growth of plants.
Both the forms are effective on the same level and can be used depending upon the soil conditions.
As cereals are in high demand in the global market, they hold the largest market share. This is due to the high demand for cereals all over the world. This is same for fruits & vegetables as well.
The foliar method holds the largest market share in this segment as it leads to an increase in plants' nutrient intake.
Rapid adoption of the use of Starter fertilizers is taking place in European countries, which might lead to a rise in the Starter fertilizers market.
Some of the major industries 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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