Europe Starter Fertilizers Market was worth $2.21 billion in 2021 and estimated to be growing at a CAGR of 5.9%, to reach $3.48 billion by 2026. It is very important that newly planted seedling is provided with sufficient nutrients irrespective of the soil conditions so that it can grow properly. Starter fertilizers are one of the best ways to provide necessary macro and micronutrients in the early stage.
Well provided growing young plants can are 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 which increases the availability of Nitrogen, Phosphorous and also recondition the structure of the soil.
Drivers and Restraints of Europe Starter Fertilizers Market:
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. Increase in yield of crops resulting from the use of starter fertilizers led to the increase in demand for the starter fertilizers. Limited use of starter fertilizers in agriculture and high production costs are major restraining factors for the market.
Europe Starter Fertilizers Market – By Nutrient Component:
Phosphorous holds the major market share in starter fertilizers market and is expected to continue dominating the market share during the forecast period because of its significant role in stimulating early growth of plants.
Europe Starter Fertilizers Market – By Form:
Both the forms are effective on the same level and can be used depending upon the soil conditions.
Europe Starter Fertilizers Market – By Crop Type:
As cereals have high demand in the global market, it holds 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.
Europe Starter Fertilizers Market – By Application:
Foliar method holds largest market share in this segment as this method leads to the increase in nutrient intake by plants.
On the basis of region, Europe Starter fertilizers market is divided into
Rapid adoption to the use of Starter fertilizers is taking place in European countries which might lead to the rise in Starter fertilizers market.
Major Key Players:
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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