Starter Fertilizers Market

SKU: DMAG1918 | Last Updated On: Oct 18 2022 | Available Formats

>Starter Fertilizers Market is expected to reach a high CAGR of 4% By 2029:

Starter Fertilizers Market is segmented By Nutrient (Nitrogen Starter Fertilizer, Phosphorous Starter Fertilizer, Potassium Starter Fertilizer, Micronutrients), By Form (Dry, Liquid), By Type (Synthetic, Organic), By Region (North America, Europe, South America, Asia Pacific, Middle East, And Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

Starter Fertilizers Market is estimated to reach a high CAGR 4% during the forecast period (2022-2029).

Starter Fertilizers Market - Strategic Insights

Metrics

Details

Market CAGR

4%

Segments Covered

By Form, By Nutrient, By Type, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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Starter fertilizers are chemical materials that are incorporated into soil to support early growth of the plants. These are applied in small quantities close to the seed, such that the seedling get access to essential nutrients right after germination and even before the growth of root system. The pivotal role of nutrients, particularly phosphorous in root development has increased the need for starter food in most of the crop types across the globe.

Market Dynamics

The pivotal role of phosphorous in root development is driving the market

The lowering levels of plant-absorbable phosphorous in topical soil across the globe is the key factor driving the growth of the starter fertilizers market. Phosphorus plays an important role in the early root development and overall yield of the crop. However, identification of phosphorous deficiency is relatively difficult than diagnosing deficiency of other nutrients and it is visible only in juvenile stages of plants. Thus, the need for the utilization of phosphorous-rich starter fertilizers has increased. The growing demand for crop nutrition and awareness towards the role of nutrients in early plant growth is another factor driving the growth of the starter fertilizers market. Farmers and growing communities across the globe are shifting towards protected and precise farming to meet the growing food demand through limited arable land. Focus is laid on promoting plant growth from early plant stages and starter fertilizers evolved as a key material in this aspect. The development of novel formulations that can precisely balance the nutrition requirements of seedlings is also supporting the utilization of starter fertilizers.

However, the adverse effects of synthetic starter fertilizers on the environment and complexities in the selection of proper compositions are the major restraints for the growth of the market. Improper use of these chemicals and wrong selection of nutrient composition may result in uncontrolled growth of the plants. The development of organic starter fertilizers and high-performance micronutrient blends is likely to provide immense growth potential to the market

Covid-19 Impact analysis:

Pandemic had a mixed impact on global Starter Fertilizers market:

While the global trade came to halt during the lockdowns imposed to control the spread of novel coronavirus, the food and agriculture industry has been impacted by severe freight challenges. Asia, Europe, and North America, which are among the most affected regions due to covid 19, are also the most dominant markets for starter fertilizers. Most of the agricultural and agrochemical product categories including starter fertilizers witnessed a decline in sales volume due to lack of demand and supply chain disruptions.

On the other side, Organic Fertilizers, an ideal choice in house yards, lawns, indoor farms, and other urban practices, has seen a rise in the lockdown. However, that didn’t come close to rescuing the impact caused by the freight challenges.

Market Segmentation:

Phosphorous Starter Fertilizers lead the sales

Phosphorous starter fertilizers have been witnessing significant utilization across a wide array of crops including cereals, grains, and turfgrass. The immobile nature of phosphorous in the soil makes it difficult for the undeveloped roots to reach phosphorous reserves, thus increasing the need for use of phosphorous supplementation. The growing area under turfgrass and forage production is boosting the growth of phosphorous starter fertilizers.

Although phosphorous is the primary nutrient of interest in starter fertilizers, these formulations also contain a low rate of nitrogen, potassium, and few micronutrients. Starter fertilizers are available in various compositions of primary nutrients. The selection of proper composition depends on factors such as soil texture, soil moisture, temperature, crop type, and several other factors. Nitrogen starter fertilizers and micronutrient blended starter fertilizers are also holding a significant share of the global starter fertilizers market. The market has been segmented by type into synthetic and organic. Organic starter fertilizers that are derived from cow dung manure, earthworms, and other natural sources are likely to witness lucrative growth in the near future. These products evolved as an ideal choice for use in house yards, lawns, golf courses, indoor farms, and other urban practices.

Geographical Penetration

China and India led Asia Pacific to the top of Starter Fertilizer Market

By geography, the global starter fertilizers market is segmented into North America, South America, Europe, Asia Pacific, Middle East, and Africa. The Asia Pacific evolved as the largest market for starter fertilizers owing to the demand for crop nutrition practices in countries such as China, India, and Pakistan. Due to the increasing population and urbanization which is resulting in increasing food demand and decreasing arable land per capita, the practice of precision farming to enhance the quality and quantity of produce is growing which will boost the need for starter fertilizers in this region. For instance, in India, it is estimated that the percentage of agricultural workers of the total workforce would drop to 25.7% by 2050 because of urbanization whereas the total population is expected to grow to 1.64 billion. So, it is important to adapt to technological advancements to improve efficiency in order to meet the increasing food demand.

Competitive Landscape

Product price and new product developments made the starter fertilizers market competitive

The global starter fertilizers market is fragmented in nature with the presence of many formulators. The market is highly competitive in terms of the product price and new product developments. Increasing prices of fertilizer components such as potash and phosphate are resulting in a price hike of starter fertilizers. This is further intensifying the market competition. However, global agrochemical companies such as Yara International ASA, Monsanto Company, CHS Inc., and The Scotts Miracle-Gro Company are enjoying a brand reputation for their starter fertilizer products, thus gaining a competitive advantage. Other key players in the market are KeyPlex, Helena Agri Enterprises LLC, Miller Seed Company, Nachurs Alpine Solutions, Kugler, and Kellogg Garden Products.

CHS Inc.:

CHS Inc. is an American Multinational Fortune 100 company, owned by farmers, ranchers, and cooperatives across the United States and diversified in energy, agronomy, grains, and foods. It has 11,000 employees and operates around the world.

The product portfolio of CHS Inc.:

Crop nutrients

Grains

Livestock feed

Fertilizers

Seeds

Food ingredients

Crop protection products

  • U.S. based farm supplies company CHS Inc. acquired West Central Distribution LLC, a wholesale distributor in 30 locations of agronomy products headquartered in Willmar in March 2019
  • CHS Inc, on May 12, 2021, announced plans for a significant renovation and expansion project at its Myrtle Grove, La., grain export terminal. The $73 million investment focuses on storage and handling upgrades, which will grow market access for farmer-owners and help move 30% more bushels of grain annually through the terminal to global customers. 

Why Purchase the Report?

  • Understand the current market scenario and viability of starter fertilizers over the forecast period.
  • Visualize the composition of the global starter fertilizers market in terms of type, form, and nutrient to identify major players, growth potential, and market strategies
  • Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
  • Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What do we offer?

  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Excel data sheet with valuable data points of the global starter fertilizers market – Regional and Country level segmentation
  • Product mapping in excel for the key products of all major market players
  • Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

Target Audience:

  • Agrochemical Companies
  • Fertilizer Distributors and Dealers
  • Farming and Growers communities
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals

FAQ

What is theStarter Fertilizers Market  growth?

The market is growing at a CAGR of 4%

What is Starter Fertilizers Market  size in 2021

The Starter Fertilizers Market  size was valued at USD YY million in 2021.

Who are the key players in Starter Fertilizers Market?

KeyPlex, Helena Agri Enterprises LLC, Miller Seed Company, Nachurs Alpine Solutions, Kugler, and Kellogg Garden Products.

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