Starter Fertilizers Market Size
The global starter fertilizers market is expected to exhibit a CAGR of 4.5% during the forecast period (2024-2031). Starter fertilizers are applied to the soil during planting or seeding, and it contains a higher concentration of essential nutrients like nitrogen, phosphorus, and potassium, which are necessary for plant growth.
The rising demand for providing young plants with the nutrients they need to establish healthy roots and strong growth early on in their development is helping to boost the growth of the starter fertilizers market.
Market Scope
| Metrics | Details |
| CAGR | 4.5% |
| Size Available for Years | 2022-2031 |
| Forecast Period | 2024-2031 |
| Data Availability | Value (US$) |
| Segments Covered | Nutrient, Crop Type, Method of Application, Form, and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America and Middle East & Africa |
| Fastest Growing Region | Asia Pacific |
| Largest Region | North America |
| 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, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics and Trends
The pivotal role of phosphorous in root development is driving the market growth
The lowering of 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. The phosphate (P2O5) ratio of starter fertilizer should be high, for example, 1-2-1, 1-3-1, 1-4-2, or 1-5-0. As a result, there is a greater requirement for starter fertilizers that are high in phosphorus, which is driving up starter fertilizer market growth.
The adverse effects of synthetic starter fertilizers on the environment hamper the growth of the starter fertilizers market
The adverse effects of synthetic starter fertilizers on the environment and complexities in the selection of proper compositions are the major restraints to 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
Market Segment Analysis
The global starter fertilizers market is segmented based on nutrient, crop type, method of application, form, and region.
The importance of phosphorus in promoting healthy plant growth and development
Based on nutrients, in 2022, phosphorus held the highest share of the global market. Phosphorus is an essential nutrient for plant growth and is commonly included in starter fertilizers, which are used to promote early plant development. It is involved in energy transfer, photosynthesis, cell division, and the development of strong root systems. Starter fertilizers should typically have a high phosphate (P2O5) ratio.
Source: DataM Intelligence
Market Geographical Penetration
The growing agriculture industry in the Asia-Pacific region is expected to drive the demand for starter fertilizers
The Asia-Pacific region has the highest share of the starter fertilizers market. According to Statista, around 61.9 million metric tons of fertilizers were consumed in East Asia in 2021, compared to 38.7 million metric tons in South Asia. The Asia Pacific region has a large and rapidly growing agriculture industry, which is a major consumer of starter fertilizers. With a growing population and increasing demand for food, there is a need for higher crop yields, which can be achieved by using starter fertilizers. This has led to increased demand for starter fertilizers from farmers in that region.
Source: DataM Intelligence
Competitive Landscape
The major global players in the market include The Scotts Miracle-Gro Company, Yara International ASA, Agrium Inc., Helena Chemical Company, Miller Seed Company, Agro-Culture Liquid Fertilizers, Grassland Agro, Stoller Usa Inc., Nachurs Alpine Solution, and Conklin Company Partners Inc.
COVID-19 Impact
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.
Key Developments
- In January 2023, ADM a pioneer in the origination and processing of agricultural products, recently unveiled a novel agricultural biostimulant that increases maize yields by increasing nutrient utilization effectiveness.
- In October 2022, Bayer, a provider of innovative solutions for farmers, acquired German biotech startup Targenomix to broaden its crop protection systems biology platform.
- On March 11, 2022, the USDA announced the investment of $250 Million to support Innovative American-made Fertilizers. Additionally, the USDA will start a public inquiry to gather data about seeds and agricultural inputs, fertilizer, and retail markets to address growing concerns about competition in the agriculture supply chain.
Why Purchase the Report?
- To visualize the global starter fertilizers market segmentation based on nutrient, crop type, application, form and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of the starter fertilizers market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as Excel consisting of key products of all the major players.
The global starter fertilizers market report would provide approximately 69 tables, 68 figures, and 200 Pages.
Target Audience 2025
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
