Latin America Starter Fertilizers Market

Latin America Starter Fertilizers Market Size (2024 to 2029):

The Latin America starter fertilizers market size is expected to reach USD 1.54 billion in 2024 and reach USD 2.19 billion by 2029, growing at a CAGR of 7.2 % from 2024 to 2029.

Starter fertilizers are placed in small amounts in proximity to the seeds while planting. They provide essential nutrients that improve the growth of budding seeds. Plant roots are strengthened at an early stage due to phosphorous which is a key component of starter fertilizers.

Starter Fertilizers are essentially recommended for soils that have phosphorous in small quantities. Phosphorous is the major component in starter fertilizers followed by Nitrogen and Potassium. Boron and chlorine are present as micronutrients. Advanced technologies that improve soil conditions by reconditioning soil structure, drainage, and tilth are being introduced to the market.

With the rapid increase in population, the demand for new farming practices and technologies to improve the yield and quality of crops has increased. To serve the increasing food requirements, the starter fertilizer market has boomed as it results in high-yielding crops. All these factors are driving the growth of the starter fertilizers market. However, Cost fluctuations in the handling and storage of fertilizers and problems in the supply cycle are some of the factors that restrain the growth rate of the market.

This research report on the Latin America starter fertilizers market is segmented and sub-segmented into the following categories.

Latin America Starter Fertilizers Market – By Crop Type:

• Cereals
• Fruits & vegetables
• Forage & turf grasses

Cereals dominate the starter fertilizers market in this segment because most of the application of starter fertilizers is in cereal production.

Latin America Starter Fertilizers Market – By Nutrient Component:

• Phosphorous
• Nitrogen
• Potassium
• Micronutrients

Phosphorous helps in the vigorous growth of roots and also the main component of starter fertilizers. Phosphorous holds the largest market share in this segment.

Latin America Starter Fertilizers Market – By Application:

• In-furrow
• Fertigation
• Foliar
• other methods

The foliar method holds the largest share in this segment due to the enhancement of nutrient intake.

Latin America Starter Fertilizers Market – By Form:

• dry
• liquid

Both of these forms hold the market share equally.

Latin America Starter Fertilizers Market – By Country:

• Brazil
• Argentina
• Mexico
• Chile
• Rest of Latin America

Latin America is one of the steadily growing markets for the Starter fertilizers market. Brazil is one of the most highly populated countries and is predicted to lead the market in the given forecast period.

KEY MARKET PLAYERS:

Some of the key market 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.