Starter Fertilizers Global Market 2024 - Growth Analysis, Business Opportunities, Future Trends, Developments, and Forecast until 2033

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.

Market Overview -
Starter fertilizers are a type of fertilizer that is applied near the seed to provide the seedling with the necessary nutrients for early growth. They are typically high-quality fertilizers that contain the nutrients most required by the seedlings. These can provide several benefits for crops, including maximizing crop yield potential, promoting early growth, and improving plant stand uniformity.

Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=10285&type=smp

Addressing Rising Global Food Demand Through The Growing Impact Of Starter Fertilizers Market
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.

Competitive Landscape -
Major companies operating in the starter fertilizers market report are Yara International ASA, Miller Seed Company, Alpine Plant Foods Corporation, Conklin Company Partners Inc., The Scotts Miracle-Gro Company, Stoller USA Inc., Helena Agri-Enterprises LLC, Bayer AG, BASF SE, Compass Minerals International Inc., Syngenta Crop Protection AG, ADAMA Ltd., Sumitomo Chemicals Co. Ltd., Nufarm limited, UPL Limited, K+S AG, ICL Group Ltd., Agrium Inc., EC Grow Inc., Nutrien Ltd., CF Industries Holdings Inc., The Mosaic Company, Haifa Chemicals Ltd., EuroChem Group AG, Israel Chemicals Ltd., Wilbur-Ellis Holdings Inc., Coromandel International Limited, Deepak Fertilisers and Petrochemicals Corporation Limited, KeyPlex LLC, Nachurs Alpine Solutions, Kellogg Garden Products

Innovative Breakthrough Redefines Crop Yield Enhancement In Starter Fertilizers Market
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.

Browse Full Report @
https://www.thebusinessresearchcompany.com/report/starter-fertilizers-global-market-report

Key Segments -
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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.