Market Snapshot:
Starter fertilizers are known as a small amount of fertilizer applied near to the seed to meet the demands of seedling for the readily available nutrients until the root system of plants develops. They also help in enhancing the development of the emerging seedling. The market for starter fertilizer is growing due to increasing food demand and also due to rising awareness about soil and nutritional balance, while some of the factors like availability of the numerous substitute and stringent regulations regarding it are hampering the overall market.
Market Drivers
- Rising Food Demand, Due To the Increasing Population and the Government Funding
- Raising Awareness about Soil Profile and Nutritional Balance, Backed By State Support
Market Trend
- Upsurge Demand of Complex Fertilizers in the Asia Pacific and Africa Regions
- Adoption of Bio-Based Fertilizer in Starter Fertilizer
Restraints
- Excessive Starter Fertilizer Use Minimises the Crop Yield
- Availability of Numerous Starter Fertilizer Substitutes
Opportunities
Upsurge Demand of Complex Starter Fertilizer in Advanced Irrigation Systems and Growing Need for Increased Soil Fertility Due To Increasing Population
Vendors Covered in the Study are:
The Scotts Miracle-Gro Company (United States), Agrium (Canada), Stoller USA (United States), Yara International (Norway), CHS (United States), Helena Chemical Company (United States), Miller Seed Company (United States), Conklin Company Partners (United States) and Nachurs Alpine Solution (United States)
What can be explored with Starter Fertilizer study:
• Where Starter Fertilizer industry stands in scaling its end use implementations
• What concrete benefits would result from scaled initiatives by Vendors
• Where Vendors should focus their investments cycle
• Key success factors and recommendations for upscaling future growth.
• Target Market / Country and Key Business Segments