North America Starter Fertilizers Market was worth $3.18 billion in 2021 and estimated to be growing at a CAGR of 5%, to reach $5.48 billion by 2026. The production and growth of the plant in the future depends on the first few days of its life. Readily available nutrients can be provided at the root zone of the seed itself by the use of Starter Fertilizers.
In colder regions, farmers often have to plant seeds in cold and damp soils. Such soil conditions are not favorable for early growth of seeds and hence the farmers in order to provide the required nutrients apply starter fertilizers directly to the seed at planting. Advanced technologies which provide the necessary nutrients for the seedling and also provides amino acids and enzymes to improve soil conditions favorable for nutrient uptake.
Drivers and Restraints of North America Starter Fertilizers Market:
Due to the rapid growth in the global economy and disposable incomes global Starter Fertilizers market has various opportunities. Adoption of precision farming and the use of technology in farming to provide for world food demand are driving the starter fertilizers market. Due to increase in concern for the environment with the use of fertilizers in large amounts led to the adoption of smart farming all over the world. These are some of the major factors that are driving the starter fertilizers market. High production cost is the major restraining factor for the starter fertilizers market.
North America Starter Fertilizers Market – By Nutrient Component:
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 important role in stimulating the early growth of seeds.
North America Starter Fertilizers Market – By Form:
Both the forms are effective on the same level and can be used depending upon the soil conditions.
North America Starter Fertilizers Market – By Crop Type:
As cereals have high demand in the global market, it holds the largest market share. Also, Starter fertilizers are mainly suited for corn which is produced in large amounts in North America.
North America Starter Fertilizers Market – By Application:
The foliar method is projected to have the highest growth rate in this segment because it results in rapid nutrient intake.
On a geographical basis, North America Starter fertilizers market is divided into
The USA dominates the North American market as well as the global market due to its application of Starter fertilizers in corn, wheat, and sorghum crops. Soil nutrient management is highly adopted in this region.
Major Key Players:
Some of the major players 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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