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Global Starter Fertilizers Market – Industry Trends and Forecast to 2031

Food & Beverage | Upcoming Report | Jul 2024 | Global | 350 Pages | No of Tables: 220 | No of Figures: 60

Report Description

Global Starter Fertilizers Market, By  Nutrient (Nitrogen Starter Fertilizer, Phosphorous Starter Fertilizer, Potassium, and Micronutrients), Form (Dry and Liquid), Crop Type (Cereals, Fruits and Vegetables, Forage and Turf Grasses, and Others), Method of Application (In-Furrow, Fertigation, Foliar, and Other Methods), Type (Synthetic and Organic) – Industry Trends and Forecast to 2031.


Starter Fertilizers Market Analysis and Size

Starter fertilizers market is advancing with enhanced nutrient formulations tailored for seedlings, promoting early root development and crop vigor. Latest methods integrate micronutrients and biostimulants to maximize nutrient uptake and plant resilience. Technology-driven innovations include controlled-release formulations for sustained nutrient availability. The market shows growth due to rising demand for efficient crop establishment and yield optimization in agriculture.

The global starter fertilizers market size was valued at USD 9.24 billion in 2023 and is projected to reach USD 13.96 billion by 2031, with a CAGR of 5.30% during the forecast period of 2024 to 2031. 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.

Report Scope and Market Segmentation       

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016 - 2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Nutrient (Nitrogen Starter Fertilizer, Phosphorous Starter Fertilizer, Potassium, and Micronutrients), Form (Dry and Liquid), Crop Type (Cereals, Fruits and Vegetables, Forage and Turf Grasses, and Others), Method of Application (In-Furrow, Fertigation, Foliar, and Other Methods), Type (Synthetic and Organic)

Countries Covered

U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

Market Players Covered

Bayer AG (Germany), BASF SE (Germany), Yara (Norway), Compass Minerals (US), Syngenta Crop Protection AG (Switzerland), ADAMA (Israel), Sumitomo Chemical Co., Ltd. (Japan), Nufarm Canada (Australia), UPL (India), K+S Aktiengesellschaft (Germany), and ICL (Israel)

Market Opportunities

  • Technological Advancements in Agriculture
  • Growing Awareness about Soil Health

Market Definition

Starter fertilizers are nutrient-rich blends applied to young plants at planting time to promote healthy early growth. Typically high in phosphorus, nitrogen, and sometimes potassium, these fertilizers ensure robust root development and initial plant vigor. They are designed to enhance nutrient availability during critical early stages, maximizing crop establishment and overall yield potential.

Starter Fertilizers Market Dynamics

Drivers

  • Increased Demand for High-Yield Crops

The increased demand for high-yield crops is a significant driver for the starter fertilizers market. Farmers are opting for these fertilizers to boost initial growth and ensure better harvests, thereby enhancing their profitability. For instance, in regions such as the Midwest United States, farmers use phosphorus-rich starter fertilizers to promote early root development in corn crops, leading to stronger plants and higher yields at harvest, which underscores the economic benefits of using starter fertilizers.

  • Increasing Adoption of Biostimulants

The increasing adoption of biostimulants in starter fertilizer formulations is bolstering the market by enhancing plant growth and stress tolerance. For instance, seaweed extracts enriched with amino acids and plant hormones stimulate root development and improve nutrient uptake efficiency. Farmers are increasingly choosing these formulations to achieve higher-quality crops and better yields, illustrating how biostimulants contribute to the market's growth through their proven benefits in agricultural productivity and sustainability.

Opportunities

  • Technological Advancements in Agriculture

Technological advancements in agriculture, such as precision farming and controlled-release fertilizers, are driving the demand for specialized starter fertilizers tailored to unique crop requirements. For instance, precision farming integrates data analytics and GPS-guided equipment to precisely apply starter fertilizers based on soil analysis and crop mapping. This targeted approach maximizes nutrient efficiency and crop yield, appealing to farmers seeking sustainable and cost-effective solutions. Consequently, the market for customized starter fertilizers is expanding as these innovations improve agricultural productivity and environmental stewardship.

  • Growing Awareness about Soil Health

Growing awareness of soil health and nutrient deficiencies is driving the adoption of starter fertilizers as farmers seek to optimize early-season crop nutrition. For instance, increased understanding of micronutrient deficiencies in specific regions prompts farmers to use targeted starter fertilizers that address these needs precisely. This trend not only improves crop quality and yield but also underscores the market opportunity for specialized fertilizer blends designed to enhance soil fertility and overall agricultural sustainability.

Restraints/Challenges

  • High Initial Costs

High initial costs of starter fertilizers, attributed to their specialized formulations and nutrient compositions, deter farmers with limited capital or operating on tight budgets. This financial barrier hinders market adoption, as farmers prioritize cost-effective solutions over potentially beneficial but expensive alternatives.   

  • Crop-Specific Formulations

Starter fertilizers' crop-specific formulations restrict market adoption, especially in regions with diverse crops and varied soil conditions. This specialization limits their versatility and applicability across different agricultural settings, hindering widespread adoption. Farmers may find it challenging to justify the use of these fertilizers when they are tailored to specific crops or soil types, impacting their willingness to adopt them on a broader scale.

This 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 market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

  • In May 2021, CHS Inc unveiled a substantial $73 million renovation and expansion initiative for its grain export terminal in Myrtle Grove, Louisiana. The project aims to enhance storage and handling capabilities, facilitating greater market access for farmer-owners. By improving infrastructure, the terminal plans to boost annual grain throughput by 30 percent, enabling more efficient export operations and better serving global customers with increased capacity and efficiency.

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.

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.

Starter Fertilizers Market Scope

The market is segmented on the basis of nutrient, form, crop type, method of application, and type. 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

    • Ammonium Nitrate
    • Ammonium Sulfate

  • Phosphorous Starter Fertilizer

    • Monoammonium Phosphate
    • Diamonium Phosphate
    • Ammounium Phosphate

  • Potassium

    • Potassium Chloroide
    • Potassium Magnesium Sulfate
    • Potassium Sulfate

  • Micronutrients

    • Sulphur
    • Zinc
    • Boron
    • Others

 Form

  • Dry
  • Liquid

Crop Type

  • Cereals
  • Fruits and Vegetables
  • Forage and Turf Grasses
  • Others

 Method of Application

  • In-Furrow
  • Fertigation
  • Foliar
  • Other Methods

 Type

  • Synthetic
  • Organic

Starter Fertilizers Market Regional Analysis/Insights

The market is analysed and market size insights and trends are provided by country, nutrient, form, crop type, method of application, and type as referenced above.

The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

Europe is expected to dominate the starter fertilizers market due to rising demand for better crop quality, a growing population, demand in seed starter fertilizer, and increasing awareness of agricultural benefits. These factors drive innovation in agricultural practices, enhancing yields and sustainability across the region.

Asia-Pacific is expected to grow in the starter fertilizers market during the forecast period, driven by increasing demand for advanced methods and techniques in agriculture. The region's focus on enhancing crop yield and efficiency through innovative agricultural practices contributes to this anticipated growth trend.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as 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 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 market.

Some of the major players operating in the market are:

  • Bayer AG (Germany)
  • BASF SE (Germany)
  • Yara (Norway)
  • Compass Minerals (US)
  • Syngenta Crop Protection AG (Switzerland)
  •  ADAMA (Israel)
  •  Sumitomo Chemical Co., Ltd. (Japan)
  • Nufarm Canada (Australia)
  • UPL (India)
  • K+S Aktiengesellschaft (Germany)
  • ICL (Israel)


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