The global starter fertilizers market size was evaluated at $8.31 billion in 2022 and is slated to hit $12.91 billion by the end of 2030 with a CAGR of nearly 5.66% between 2023 and 2030.

Global Starter Fertilizers Market: Overview

Starter fertilizers are used in small quantity, it is placed near the seed at the time of planting. They enhance the growth of the budding seedlings by providing them with essential nutrients. They strengthen plant roots at an early stage. Nitrogen, phosphorous, and potassium are key nutrient components present in the starter fertilizer. Phosphorous leads to the vigorous growth of the plant roots. It is widely used to maintain the phosphorous content in various crops and is especially beneficial for the corn crops. Starter fertilizers are used in cornfield production under cool soil temperatures.

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Global Starter Fertilizers Market: Growth Factors

Major growth factors of the starter fertilizers market are improved applicability of starter fertilizers, increased area under forage & turf grasses, and rise in expenditure in R&D by the starter fertilizer manufacturers. Untapped regions across the world will show higher growth opportunities in the coming years. However, limited uses of starter fertilizer in the crop production are major restraints of the starter fertilizers market.

Global Starter Fertilizers Market: Segmentation

The starter fertilizers market is segregated on the basis of application, crop type, and nutrient component type. The application segment is classified into fertigation, in-furrow, and foliar. Based on crop type, the market is classified into fruits & vegetables, cereals, and forage & turf grasses. The cereals segment accounted for the largest market share owing to the significant demand for cereals worldwide. The fruits & vegetables are following the same. Nutrient component type is segregated into potassium, phosphorus, micronutrient, and nitrogen.