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Starter Fertilizers Market 2019-2024

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17 January 2020

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Starter Fertilizers Market Overview

Nutrients are very essential 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 give essential nutrients to the seed. Starter fertilizers vary with various soils. A particular soil might be rich in Nitrogen but having low phosphorous content. Starter Fertilizers have to be chosen as per the requirement of the soil and the seeds. Starter fertilizers are essentially been used in fields with cool soil temperatures until soil conditions increase. Nutrients are not easily obtainable for seeds when soil temperature is cool.  Starter fertilizers increase the development of budding seedlings by supplying vital nutrients. These fertilizers aim to strengthen the roots of a plant at an advanced stage. Phosphorous, potassium, and nitrogen are the essential nutrient components in a starter fertilizer. Phosphorus is primarily used to promote vigorous root growth. Starter fertilizers have traditionally been suggested for fields lacking in phosphorous. Starter fertilizers are extremely beneficial for corn crops.

Using starter fertilizers decrease the environmental issues caused because the over usage of fertilizers. New technologies such as LEVESOL, a fertilizer amendment prevents nutrients present in the soil to enhance unavailable are being originated in the market. The fast extension of the demand for efficient fertilizers and adoption of new farming practices are some of the important factors which drive the growth of the market for Starter Fertilizers. To supply for the global food requirements, the rise in the need for methods which increase the agricultural output led to the increase in demand for starter fertilizers. Ever-rising concerns for environmental degradation, lack of adequate knowledge among the farmers are some factors that restrict the market growth.

Starter Fertilizers Market Report (2019-2024)

Starter Fertilizers Market was worth USD7.18 billion in 2019 and estimated to be growing at a CAGR of 4.04%, to reach USD8.75 billion by 2024.

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Starter Fertilizers Market Segmentation

On the basis of Nutrient component, Starter fertilizers market is divided into Phosphorous, Nitrogen, Potassium and Micronutrients. Phosphorous held the highest global market share in this segment. It is anticipated to include the market share during the forecast period because of its significant role in stimulating the growth of the seedling in the early stages. Nitrogen and Phosphorous are second to phosphorous in the market share. On the basis of Form, Starter fertilizers market is classified into Dry and Liquid forms. Since both these forms are effective on the same level they handle an almost equal share in the market. On the basis of crop type, the Starter fertilizers market is sub-segmented into Cereals, Fruits & vegetables and Forage & turf grasses. Because of the high demand for cereals across the globe, cereals hold the highest share in the market. Also, Starter fertilizers are mainly suited for corn which is involved in cereals. On the basis of application, the Starter fertilizers market is divided into In-furrow, Fertigation, Foliar and other methods. The foliar method is predicted to have the largest growth rate in this segment because it results in rapid nutrient intake.

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

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Major Players

Some of the major companies operating in the current 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,
Nachurs Alpine Solution.
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