Starter Fertilizers Market to Grow with a CAGR of 5.53% through 2029
Rising Adoption of High-Efficiency Fertilizers and a supportive
regulatory environment are the major drivers for the Global Starter Fertilizers
Market.
According to TechSci Research report, “Starter
Fertilizers Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2029”, the Global Starter Fertilizers Market was valued at USD 8.57 billion in 2023 & will see an impressive growth in the
forecast period at a CAGR of 5.53% to 2029. This can be attributed to the awareness among
individuals regarding Starter Fertilizers which has led to a favorable market.
The growing population and increasing food demand are significant drivers of
the demand for starter fertilizers. As the global population continues to
expand, there is a corresponding rise in the demand for food, feed, and fiber.
This places greater pressure on agricultural systems to produce higher yields
and more efficiently utilize available resources, including land and nutrients.
Starter fertilizers play a crucial role in enhancing
crop productivity and addressing nutrient deficiencies in soils, especially
during the early stages of plant growth. By supplying essential nutrients such
as nitrogen, phosphorus, and potassium, starter fertilizers help optimize plant
development, improve root establishment, and promote healthy growth, ultimately
leading to higher yields. In regions where soil fertility is limited or
depleted due to intensive agricultural practices, starter fertilizers become
even more essential for ensuring optimal plant nutrition and maximizing crop
yields. Moreover, as agricultural land becomes increasingly scarce and
degraded, farmers must rely on starter fertilizers to boost soil fertility and
productivity, enabling them to meet the growing demand for food and
agricultural products.
Browse over XX market data Figures
spread through XX Pages and an in-depth TOC on "Global Starter Fertilizers Market”
The production of starter fertilizers
relies on a variety of raw materials, including nitrogen, phosphorus,
potassium, and other micronutrients. Disruptions in the availability or supply
of these raw materials, whether due to geopolitical issues, natural disasters,
or changes in trade policies, can disrupt production and lead to shortages in
the market. Transportation bottlenecks, including delays in shipping, port
congestion, and disruptions in logistics networks, can impede the timely
delivery of raw materials to manufacturing facilities and finished products to
distribution centres and customers. Supply chain disruptions in transportation
can result from factors such as labour strikes, adverse weather conditions, or
infrastructure failures. Production facilities for starter fertilizers may
experience disruptions or delays due to equipment breakdowns, maintenance
issues, or workforce shortages. Manufacturing delays can impact product
availability, lead times, and customer satisfaction, particularly during peak
demand periods or critical planting seasons.
The Global Starter Fertilizers Market is segmented
into Nutrient, Form, Crop Type, Method of Application, Type, regional
distribution, and company.
Based on its Nutrient, Global Starter Fertilizers
Market is segmented into Nitrogen Starter Fertilizer, Phosphorous Starter
Fertilizer, Potassium, Micronutrients. A nitrogen starter fertilizer is a type
of fertilizer specifically formulated to supply nitrogen (N) to plants during
the early stages of growth, typically applied at planting time or shortly
thereafter. Nitrogen is one of the primary macronutrients required by plants
for various physiological processes, including photosynthesis, protein
synthesis, and overall growth and development. Nitrogen starter fertilizers are
often formulated with nitrogen sources that are readily available to plants,
allowing for rapid uptake and utilization by emerging seedlings. Common
quick-release nitrogen sources include ammonium nitrate, urea, and ammonium
sulfate. Nitrogen starter fertilizers provide young plants with an immediate
supply of nitrogen, facilitating early-stage growth and development. Adequate
nitrogen availability during the critical germination and seedling
establishment phases promotes vigorous root growth, leaf expansion, and overall
plant vigor.
Based on region, North America is dominating the
market. There is a growing emphasis on sustainable agriculture practices in
North America, driven by concerns about soil health, water quality, and
environmental stewardship. Starter fertilizers formulated with environmentally
friendly ingredients and designed to minimize nutrient runoff and soil erosion
are increasingly preferred by farmers seeking to adopt sustainable farming practices.
North America has a well-developed agricultural inputs industry, including
fertilizer manufacturers, distributors, and retailers. The region benefits from
the availability of a wide range of advanced starter fertilizer products
tailored to the specific needs of different crops, soil types, and growing
conditions. Regulatory frameworks in North America support the use of starter
fertilizers as part of sustainable nutrient management practices. Government
agencies provide guidelines and recommendations for fertilizer use, nutrient
stewardship, and environmental protection, fostering responsible fertilizer
application and minimizing adverse environmental impacts.
Major companies operating in Global Starter
Fertilizers Market are:
- The Scotts Miracle-Gro Company
- Agrium Inc.
- Miller Seed Company
- Stoller USA Inc.
- Yara International ASA
- CHS Inc.
- Helena Chemical Company
- Conklin Company Partners Inc.
- Nachurs Alpine Solution
Download Free Sample Report
Customers can also request for 10%
free customization on this report
“Starter Fertilizers Market prioritize factors such as
soil health, environmental sustainability, and crop nutrition to meet the
evolving needs of farmers, consumers, and regulatory agencies. By embracing
technological innovations, adopting best practices in nutrient management, and
fostering partnerships and collaborations, the industry can overcome challenges
and capitalize on emerging opportunities for growth and development," said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
Global management consulting firm.
“Starter Fertilizers Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2019-2029 Segmented by Nutrient (Nitrogen
Starter Fertilizer, Phosphorous Starter Fertilizer, Potassium, Micronutrients),
By Form (Dry, Liquid), By Crop Type (Cereals, Fruits & Vegetables, Forage
& Turf Grasses, Others), By Method of Application (In-Furrow, Fertigation,
Foliar, Other Methods), By Type (Synthetic, Organic), By
Region, and By Competition”, has evaluated the future growth
potential of Global Starter Fertilizers Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Starter Fertilizers Market.
Contact
TechSci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel: +1-332-258-6602
Email: [email protected]
Website: www.techsciresearch.com