Nutrients are very important to be present in the soil for seeds to grow. At the time of planting, small amount of fertilizer is placed near the seed to provide necessary nutrients to the seed.
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According to the report “Starter Fertilizers Market By Nutrient Component (Nitrogen, Phosphorous, Potassium And Micro Nutrients) By Form (Dry And Liquid) By Crop Type (Cereals, Fruits & Vegetables, Forage & Turf Grasses) By Method Of Application (In-Furrow, Fertigation, Foliar And Other Methods) And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)” published by Market Data Forecast, the Global Starter Fertilizers Market was worth $6.63 billion in 2016 and estimated to be growing at a CAGR of 4.04%, to reach $8.08 billion by 2021.
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Starter fertilizers vary with different soils. A particular soil might be abundant in Nitrogen but having low phosphorous content.
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Starter Fertilizers have to be selected as per the requirement of the soil and the seeds. Starter fertilizers are mainly been used in fields with cool soil temperatures until soil conditions improve.
Nutrients are not easily accessible for seeds when soil temperature is cool. Using starter fertilizers reduce the environmental issues caused due to the over usage of fertilizers.
New technologies such as LEVESOL, a fertilizer amendment prevents nutrients present in the soil to become unavailable are being introduced in the market.
Rapid increase in demand for efficient fertilizers and adoption of new farming practices are some of the major factors which drive the growth of market for Starter Fertilizers. To supply for the global food requirements, increase in need for methods which increase the agricultural output led to the increase in demand for starter fertilizers.
Ever growing concerns for environmental degradation, lack of adequate knowledge among the farmers are some factors that restrict the market growth.
On the basis of Nutrient component, Starter fertilizers market is segmented into Phosphorous, Nitrogen, Potassium and Micronutrients. Phosphorous held the largest global market share in this segment.
It is expected to hold the market share during the forecast period because of its major role in stimulating the growth of the seedling in the early stages. Nitrogen and Phosphorous are second to phosphorous in the market share.
On the basis of Form, Starter fertilizers market is segmented into Dry and Liquid forms. Since both these forms are effective on the same level they hold almost equal share in the market.
On the basis of crop type, the Starter fertilizers market is segmented into Cereals, Fruits & vegetables and Forage & turf grasses. Due to high demand for cereals across the globe, cereals hold the largest share in market.
Also, Starter fertilizers are mainly suited for corn which is included in cereals. On the basis of application, the Starter fertilizers market is segmented into In-furrow, Fertigation, Foliar and other methods.
Foliar method is projected to have highest growth rate in this segment because it results in rapid nutrient intake.
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Based on Region, the Global Starter fertilizers market is divided into North America, Asia-Pacific, Europe, Latin America, Middle East and Africa. North America led the Starter fertilizers market across the globe with its largest share in the market.
This is due to the improved technologies in fertilizer application to enhance the production of cereals, food & vegetables. Asia-Pacific is the fastest growing market in Starter fertilizers market due to its huge customer base.
Countries like India and China are adopting starter fertilizers at a rapid pace.
Major operating players 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
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