(Food-Beverage-News.Com, October 11, 2017 ) According to the report “APAC 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 - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)” published by Market Data Forecast, the APAC Starter Fertilizers Market was worth $1.06 billion in 2016 and estimated to be growing at a CAGR of 9.8%, to reach $1.71 billion by 2021.
Newly planted have to be properly taken care of until it grows into a plant. Lack of proper nutrition in the early growth stage of the seed affects its growth in the future leading to low yielding. Starter fertilizers provide the solution in this case.
Placing a small amount of fertilizer containing necessary nutrients along with plantation of seeds to help the growth of seeds is called starter fertilizer. They improve the development of seeds during the time of its emergence by making the nutrients available in accessible locations to its roots. Nodal root system is slowed by weather or damaged by pests in normal conditions. Plants imbedded with Starter fertilizers can withstand these situations and grow healthily.
With increase in urbanization area under which forage & turf grasses are cultivated is increasing. As proper soil is not available in cities, starter fertilizers are in high demand to enhance the growth. Untapped markets will result in higher growth opportunities for Starter fertilizers market. The increase in demand for food and agricultural products also helps in driving the market growth of Starter fertilizers market. Lack of awareness in farmers and limited use of Starter fertilizers in agriculture are some of the major restraining factors for Starter fertilizers market.
APAC Starter fertilizers market is divided into Phosphorous, Nitrogen, Potassium and Micronutrients on the basis of nutrient component. Unavailability of phosphorous in many soils resulted in increase in demand for Starter fertilizers and thus Phosphorous holds the largest market share in this segment. Starter fertilizers market is segmented into Cereals, Fruits & vegetables and Forage & turf grasses on the basis of crop types. Cereals holds the largest market share in this segment owing due to the increase in demand for cereals all over the world and also due to high adoption of starter fertilizers by North America in cereal production. Starter fertilizers market is segmented into dry and liquid on the basis of form. Both of these forms hold the market on the same level. The Starter fertilizers market is segmented into In-furrow, Fertigation, Foliar and other methods based on the application. Foliar method holds the largest share in this segment.
Based on region, APAC is segmented into China, India, Japan, South Korea and Australia. APAC is the fastest growing market for Starter Fertilizers Market. Japan and Australia are quickly adapting to the use of starter fertilizers. India and China presents huge customer base with a lot of opportunities.
Some of the major players operating 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 and Nachurs Alpine Solution
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