Starter Fertilizers Market - Global Industry Analysis and Forecast 2024
Starter
fertilizer is a small amount of fertilizer nutrients placed near the
seed, usually at the time of planting. Starter fertilizers boost the
development of budding seedlings by supplying vital nutrients. These
fertilizers aim to strengthen the roots of a plant at an early stage.
Phosphorous, potassium, and nitrogen are the key nutrient components in a
starter fertilizer. Phosphorus is essentially used to promote vigorous
root growth. Starter fertilizers have traditionally been recommended for
fields lacking in phosphorous. Starter fertilizers are highly
beneficial for corn crops. Food crops do not respond to starter
fertilizers the same way as corn crops. Starter fertilizers have
generally been used in the production of corn in fields with cool soil
temperatures so that the nutrients can be easily accessed until the soil
condition improves.
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Based
on the type of nutrient component, the global starter fertilizers
market can be segmented into nitrogen, potassium, phosphorous, and
micronutrients. The phosphorous segment led the global market for
starter fertilizers in 2015. It is expected to continue its dominance
during the forecast period due to the characteristics of phosphorous to
stimulate growth and nourish the roots of the plant at early stages.
Thus, demand for phosphorous has been rising in the global starter
fertilizers market. The phosphorous segment was followed by nitrogen and
potassium segments, respectively, in 2015. Micronutrients such as
boron, chlorine, and copper are used in traces; these constitute a small
share of the global starter fertilizers market.
Based
on the crop type, the global starter fertilizers market can be divided
into cereals, fruits & vegetables, and oil seeds & pulses. The
cereals segment held the prominent share of the global starter
fertilizer market in 2015. The cereals segment has been expanding due to
the significant demand for cereals across the globe. Cereal crops
include corn, which is suited for the use of starter fertilizers. Thus,
the cereals segment is anticipated to continue its dominance during the
forecast period. The fruits & vegetable segment is estimated to
follow the cereals segment in the near future. Based on form, the global
starter fertilizer market can be divided into dry and liquid. Both
these forms of starter fertilizers are equally effective; the choice
between the two depends upon the cost and convenience of usage.
In
terms of region, the global starter fertilizer market can be divided
into North America, Europe, Asia Pacific, Middle East & Africa, and
Latin America. North America held the major share of the global starter
fertilizer market in 2015. The U.S. not only accounted for the prominent
share of the region, but also led the market across the globe. The
starter fertilizers market in North America is anticipated to expand at a
steady pace and continue its dominance during the forecast period. This
is ascribed to the rise in adoption of improved fertilizer technologies
for enhanced production of cereals and fruits and vegetable crops in
the region. North America is likely to be followed by Europe during the
forecast period. Countries in Europe such as France, Spain, the U.K.,
Italy, and Germany have been quick in adopting advanced fertilizer
products. Europe is also a large export market for fruits and
vegetables. The starter fertilizers market in Asia Pacific is
anticipated to expand at a rapid pace during the forecast period
primarily due to the large consumer base in the region. Countries such
as China and India in the region are also key producers of cereals and
fruits and vegetable crops.
Prominent
players operating in the global starter fertilizers market are Stoller
USA Inc., The Scotts Miracle-Gro Company, Conklin Company Partners Inc.,
Yara International ASA, CHS Inc., Agrium Inc., Helena Chemical Company,
Miller Seed Company, Nachurs Alpine Solution, and Conklin Company
Partners Inc.
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