In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Phosphorus Starter Fertilizer market for 2018-2023.
Starter fertilizer is a small quantity of fertilizer nutrients applied in close proximity to the seed at planting. Starter fertilizers enhance the development of emerging seedlings by supplying essential nutrients in accessible locations near the roots. Rapid crop establishment is desirable since plant development and yield can be influenced during early growth stages. Also, fast-growing young plants generally are more resistant to insect and disease attacks and can compete with weeds more effectively. Readily available nutrients near young plants help ensure rapid early growth and the formation of large leaves, which are necessary for photosynthesis, subsequent growth processes, and earlier crop maturity.
Phosphorus (P) are the key nutrient components in a starter fertilizer. Phosphorus is nonmobile in the soil, thus, undeveloped seedling roots have difficulty obtaining the necessary amounts for proper growth. Also, phosphorus promotes vigorous root growth.
The market is driven by factors such as increase in the area under forage & turf grasses, owing to the development and long term maintenance of lawns, adoption of modern farming practices, and widening applicability of starter fertilizers.
The leading companies own the advantages on better performance, more abundant products types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins. Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times (TAT) and supply-lead-times.
Over the next five years, LPI(LP Information) projects that Phosphorus Starter Fertilizer will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Phosphorus Starter Fertilizer market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Segmentation by application:
This report also splits the market by region:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
The Scotts Miracle-Gro Company
Helena Chemical Company
Miller Seed Company
Conklin Company Partners
Nachurs Alpine Solution
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Phosphorus Starter Fertilizer consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Phosphorus Starter Fertilizer market by identifying its various subsegments.
Focuses on the key global Phosphorus Starter Fertilizer manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Phosphorus Starter Fertilizer with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of