Starter Fertilizers Market

Starter Fertilizers Market Size & Growth (2022 - 2027):

Starter Fertilizers Market was worth USD7.18 billion in 2021 and estimated to be growing at a CAGR of 4.04%, to reach USD8.75 billion by 2026. Nutrients are very important to be present in the soil for seeds to grow. At the time of planting, a small amount of fertilizer is placed near the seed to provide the necessary nutrients to the seed.

Starter fertilizers vary with different soil. A particular soil might be abundant in Nitrogen but have low phosphorous content. Starter Fertilizers have to be selected as per the requirement of the soil and the seeds. Starter fertilizers are mainly been used in fields with cool soil temperatures until soil conditions improve. Nutrients are not easily accessible for seeds when the soil temperature is cool. Using starter fertilizers reduce the environmental issues caused due to the over usage of fertilizers. New technologies such as LEVEL, a fertilizer amendment that prevents nutrients present in the soil to become unavailable are being introduced in the market.

The rapid increase in demand for efficient fertilizers and the adoption of new farming practices are some of the major factors which drive the growth of the market for Starter Fertilizers. To supply for the global food requirements, an increase in the need for methods that increase the agricultural output led to the increase in demand for starter fertilizers. Ever-growing concerns for environmental degradation, lack of adequate knowledge among the farmers are some factors that restrict the market growth.

STARTER FERTILIZERS MARKET REPORT COVERAGE:

Market Segmentation:

Starter Fertilizers Market – By Nutrient Component:

• Phosphorous

• Nitrogen
• Potassium
• Micronutrients

Phosphorous held the largest market share in this segment. It is expected to hold the market share during the forecast period because of its major role in stimulating the growth of seedling in the early stages. Nitrogen and Phosphorous are second to phosphorous in the market share.

Starter Fertilizers Market – By Form:

• Dry
• Liquid forms

Since both these forms are effective on the same level they hold an almost equal share in the market.

Starter Fertilizers Market – By Crop Type:

• Cereals
• Fruits & vegetables
• Forage & turf grasses

Due to the high demand for cereals across the globe, cereals hold the largest share in the market. Also, Starter fertilizers are mainly suited for corn which is included in cereals.

Starter Fertilizers Market – By Application:

• In-furrow
• Fertigation
• Foliar
• other methods

The foliar method is projected to have the highest growth rate in this segment because it results in rapid nutrient intake.

Geographical Classification of the Market:

• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa

Regional Analysis of the Starter Fertilizers Industry:

Based on Region, the global starter fertilizer market is divided into North America, Asia-Pacific, Europe, Latin America, the Middle East, and Africa. North America led the Starter fertilizer market across the globe with its largest share in the market. This is due to the improved technologies in fertilizer application to enhance the production of cereals, food & vegetables. Asia-Pacific is the fastest-growing market in the Starter fertilizer market due to its huge customer base. Countries like India and China are adopting starter fertilizers at a rapid pace.

Key Players:

• 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
• Nachurs Alpine Solution