Global Starter Fertilizers Market, By Nutrient (Nitrogen Starter Fertilizer, Phosphorous Starter Fertilizer, Potassium, Micronutrients), Form (Dry, Liquid), Crop Type (Cereals, Fruits & Vegetables, Forage & Turf Grasses, Others), Method of Application (In-Furrow, Fertigation, Foliar, Other Methods), Type (Synthetic, Organic) – Industry Trends and Forecast to 2029.
Starter Fertilizers Market Analysis and Size
Fertilizers are substances that are added to increase yield by providing crops with nutrients that the soil lacks. Fertilizer addition frequently doubles or triples yield. The ever increasing demand for agricultural products is the primary driver of the rise in demand for water-soluble fertilizers.
Data Bridge Market Research analyses that the starter fertilizers market which was valued at USD 8.33 billion in 2021 is expected to reach the value of USD 12.59 billion by 2029, at a CAGR of 5.30% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Starter Fertilizers Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Nutrient (Nitrogen Starter Fertilizer, Phosphorous Starter Fertilizer, Potassium, Micronutrients), Form (Dry, Liquid), Crop Type (Cereals, Fruits & Vegetables, Forage & Turf Grasses, Others), Method of Application (In-Furrow, Fertigation, Foliar, Other Methods), Type (Synthetic, Organic)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Bayer AG (Germany), BASF SE (Germany), Yara (Norway), Compass Minerals (U.S.), Syngenta Crop Protection AG (Switzerland), ADAMA (Israel), Sumitomo Chemicals Co. Ltd. (Japan), Nufarm (Australia), UPL (India), K+S Aktiengesellschaft (Germany), ICL (Israel)
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Opportunities
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Market Definition
Starter fertilizers are specially designed to provide plants with the nutrients they require during the early stages of growth. These fertilizers are commonly used when seeding or transplanting new plants and can aid in their development and overall health. While there are many different types of starter fertilizers on the market, they all have one goal in common: to help plants get off to a good start.
Starter Fertilizers Market Dynamics
Drivers
- Growing awareness and knowledge on agricultural profiles
Rising farmer knowledge of soil profile and nutritional balance, growing popularity of commercial agriculture around the world, low-cost fertiliser production, and rising demand for agrochemicals are some of the factors expected to drive the starter fertiliser market. Furthermore, an increase in the need to increase productivity and level yield and fertiliser intensity gaps across countries will dampen the market's growth rate.
- A shift towards more protected and precise farming techniques
Another factor driving the growth of the starter fertilisers market is the increasing demand for crop nutrition and awareness of the role of nutrients in early plant growth. Farmers and growing communities around the world are shifting toward more protected and precise farming in order to meet rising food demand on limited arable land. The emphasis is on promoting plant growth from the early plant stages, and starter fertilisers have emerged as a key material in this regard. The development of novel formulations that can precisely balance seedling nutrition requirements is also encouraging the use of starter fertilisers.
Opportunity
Rapid urbanization and a change in dietary patterns of the consumer is augmenting market growth. Furthermore increasing awareness among farmer about the benefits of using starter fertilizers and a rise in technological advancements in agricultural industry is further cushioning market growth. Growing farming standards in the developing regions will further provide ample of opportunities to the starter fertilizers market
Restraints
The major restraint of the starter fertilizers market is the limited amount of usage for starter fertilisers in crop production. In contrast, inappropriate use of these chemicals and incorrect nutrient composition selection will be a challenge in the starter fertilizers market during the forecast period.
This starter fertilizers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the starter fertilizers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Starter Fertilizers Market
Starter fertilizer are widely used in the production of vegetables, fruits, wine, and crops, which necessitate extensive crop care such as seed treatment, soil management, crop protection, and more. However, as a result of the pandemic, production in these sectors is experiencing challenges such as late crop care and pesticide product deliveries, trade and delivery issues, and more. Due to the COVID-19 Pandemic, the entire world has gone into lockdown, resulting in the closure of restaurants and grocery stores, as well as a decrease in demand for fresh produce and fisheries products, affecting producers and suppliers. Agricultural bodies such as the Indian Council of Agricultural Research (ICAR) have issued guidelines for farmers to follow during the lockdown period in order to harvest certain crops.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- CHS Inc announced plans for a significant renovation and expansion project at its grain export terminal in Myrtle Grove, Louisiana, in May 2021. The $73 million investment focuses on storage and handling upgrades, which will increase market access for farmer-owners and allow the terminal to move 30 percent more bushels of grain annually to global customers.
- In March 2019, CHS Inc. acquired West Central Distribution LLC, a wholesale distributor of agronomy products with 30 locations based in Willmar.
Global Starter Fertilizer Market Scope
The starter fertilizer market is segmented on the basis of nutrient, form, type, crop type and method of application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Nutrient
- Nitrogen Starter Fertilizer
- Phosphorous Starter Fertilizer
- Potassium
- Micronutrients
Form
- Dry
- Liquid
Type
- Synthetic
- Organic
Crop type
- Cereals
- Fruits & Vegetables
- Forage & Turf Grasses
- Others
Method of Application
- In-Furrow
- Fertigation
- Foliar
- Other Methods
Starter Fertilizers Market Regional Analysis/Insights
The starter fertilizers market is analysed and market size insights and trends are provided by country, nutrient, form, type, crop type and method of application as referenced above.
The countries covered in the starter fertilizers market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the starter fertilizers market due to rising demand for better crop quality, growing population, and rising awareness among people about the benefits of available methods, whereas Asia-Pacific is expected to grow during the forecast period due to rising demand for the method and technique in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Starter Fertilizers Market Share Analysis
The starter fertilizers market competitive landscape provides details by competitor. details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to starter fertilizers market.
Some of the major players operating in the starter fertilizers market are:
- Bayer AG (Germany)
- BASF SE (Germany)
- Yara (Norway)
- Compass Minerals (US)
- Syngenta Crop Protection AG (Switzerland)
- ADAMA (Israel)
- Sumitomo Chemicals Co. Ltd. (Japan)
- Nufarm (Australia)
- UPL (India)
- K+S Aktiengesellschaft (Germany)
- ICL (Israel)
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