Global Starter Fertilizers Market Analysis 2024 – Estimated Market Size And Key Drivers|Yara International ASA, Miller Seed Company, Alpine Plant Foods Corporation, Conklin Company Partners Inc., The Scotts Miracle-Gro Company, Stoller USA Inc.

The Starter Fertilizers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Starter Fertilizers Global Market Report 2024, The starter fertilizers market size has grown steadily in recent years. It will grow from $7.81 billion in 2023 to $8.15 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to crop yield improvement goals, efforts to reduce environmental impact, focus on sustainable agriculture, expansion of commercial farming practices, government support and subsidies.

The starter fertilizers market size is expected to see steady growth in the next few years. It will grow to $9.75 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to increasing demand for specialty crops, bio-based and organic starter fertilizer solutions, climate change adaptation strategies, increased focus on nutrient use efficiency, adoption of liquid starter fertilizers. Major trends in the forecast period include customized formulations for crops, use of controlled-release technologies, integration of biostimulants, emphasis on seed coating technologies, digital solutions for nutrient management.

The growing demand for food is expected to drive the growth of the starter fertilizers market going forward. Starter fertilizers are applied for crops as they are beneficial for enhancing the development of emerging seedlings by supplying essential nutrients in accessible locations near the roots, increasing nutrient intake effectiveness, minimizing nutrient losses to the environment, and enhancing the general health and vigor of crops, and thereby increases the food productivity. For instance, in July 2021, according to the Springer Nature Group, a Berlin-based journal publisher stated that the total global food demand is expected to increase by 35% to 56% between 2010 and 2050. Furthermore, in 2021, according to USDA Economic Research Service, a US-based government administration, the agriculture, food, and related industries contributed 5.4 percent to U.S. gross domestic product. Therefore, the growing demand for food drives the starter fertilizers market.

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The starter fertilizers market covered in this report is segmented –

1) By Type: Synthetic, Organic
2) By Form: Dry, Liquid
3) By Nutrient: Nitrogen Starter Fertilizer, Phosphorous Starter Fertilizer, Potassium, Micronutrients
4) By Crop: Cereals, Fruits And Vegetables, Forage And Turf Grasses
5) By Application: In-Furrow, Fertigation, Foliar, Other Applications

Product innovation is a key trend gaining popularity in the starter fertilizers market. Major companies operating in the starter fertilizers market are focused on developing innovative products to strengthen their position and gain a competitive advantage. For instance, in January 2023, Archer-Daniels-Midland Company, a US-based fertilizer manufacturer, launched a new crop biostimulant named NeoVita™ 43. This new biostimulant boosts corn yields by improving nutrient use efficiency. In multiyear trials conducted at the University of Illinois at Urbana-Champaign, the NeoVitaTM 43 biostimulant boosted maize yields by up to seven bushels per acre when combined with liquid starter fertilizer. NeoVita 43 is made to closely resemble the root exudate of plants, which encourages soil microbial activity to encourage nutrient availability and uptake by plants. growth plants can boost nutrient uptake and get off to a stronger start by having these essential nutrients available to the soil microbiome earlier in the growth season. This can result in higher yields.

The starter fertilizers market report table of contents includes:

1. Executive Summary
2.Starter Fertilizers Market Characteristics
3.Starter Fertilizers Market Trends And Strategies
4.Starter Fertilizers Market analysis
5.Starter Fertilizers Market Size And Growth
6.Starter Fertilizers Segmentation
7. Starter FertilizersRegional And Country Analysis
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27.Starter Fertilizers Competitive Landscape And Company Profiles
28. Starter FertilizersKey Mergers And Acquisitions
29.Starter Fertilizers Future Outlook and Potential Analysis

 TOP MAJOR PLAYERS:

• Yara International ASA
• Miller Seed Company
• Alpine Plant Foods Corporation
• Conklin Company Partners Inc.
• The Scotts Miracle-Gro Company
• Stoller USA Inc.

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