The Starter Fertilizers Global Market Report 2023, provides comprehensive information on the starter fertilizers market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Starter Fertilizers Global Market Report 2023, the market size is expected to grow from $7.52 billion in 2022 to $7.81 billion in 2023 at a compound annual growth rate (CAGR) of 3.94%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The starter fertilizers market size is expected to reach $9.24 billion in 2027 at a CAGR of 4.27%
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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.
The starter fertilizers market 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
North America was the largest region in the starter fertilizers market in 2022.
The table of contents in TBRC’s starter fertilizers market report includes:
1. Executive Summary
2. Starter Fertilizers Market Characteristics
3. Starter Fertilizers Market Trends And Strategies
4. Starter Fertilizers Market – Macro Economic Scenario
5. Starter Fertilizers Market Size And Growth
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26. Africa Starter Fertilizers Market
27. Starter Fertilizers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Starter Fertilizers Market
29. Starter Fertilizers Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Yara International ASA
- Miller Seed Company
- Nachurs Alpine Solutions
- Conklin Company Partners Inc
- The Scotts Miracle-Gro Company
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