Starter Fertilizers - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Starter Fertilizers Market is accounted for $6.99 billion in 2019 and is expected to reach $11.17 billion by 2027 growing at a CAGR of 6.0% during the forecast period. Adoption of new farming practices and widening applicability of these fertilizers are the major factors driving the market growth. However, high cost of developing new products is restraining the market growth.
Starter fertilizers are fertilizers used in smaller quantity and placed closer to seeds to build up the growth of seedlings during their early stages of growth. They are mostly composed of phosphorous and nitrogen but may also contain zinc. They are used in meeting the nutritional demands of the seedlings until the plant roots systems are developed.
Based on nutrient component, the phosphorous segment is likely to have a huge demand as they are used to a large extent among farmers, globally due to its characteristics to stimulate growth and nourish the roots of the plant at early stages. It is a key nutrient required by roots at the germination stage of crop growth. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to large consumer base, high adoption rate of these products and high level of exports of these products in the region. Countries such as China and India in the region are also key producers of cereals and fruits and vegetable crops.
Some of the key players profiled in the Starter Fertilizers Market include Agrium Inc, Agro-Culture Liquid Fertilizers, CHS Inc, Conklin Company Partners Inc, EC Grow, Grassland Agro Ltd, Helena Chemical Company, Miller Seed Company, Nachurs Alpine Solutions Corp, Stoller Usa Inc, The Scotts Miracle-Gro Company and Yara International ASA.
Method of Applications Covered:
Crop Types Covered:
• Oil Seeds & Pulses
• Fruits & Vegetables
• Forage & Turf Grasses
Nutrient Components Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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