Starter Fertilizers Market Dynamics and Analysis by 2031
The Starter Fertilizers Market is expected to register a CAGR of 5% from 2023 to 2031, with a market size expanding from US$ XX Million in 2023 to US$ XX Million by 2031.
The report is segmented by form (dry and liquid) and mode of application (in-furrow, foliar spray and others). The report further presents analysis based on crop type (cereals and grains, fruits and vegetables, forage and turf grasses and others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Starter Fertilizers Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Starter Fertilizers Market Segmentation
Form- Dry and Liquid
- In-Furrow
- Foliar Spray and Others
- Cereals and Grains
- Fruits and Vegetables
- Forage and Turf Grasses and Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Starter Fertilizers Market Growth Drivers- Increased Adoption for Early Plant Growth: It is starter fertilizers developed to cater to the supply of nutrition during the early stages of plant growth that increasingly drive the starter fertilizer market with an inclination to increased adoption by farmers and growers in enhancing crop yields while minimizing such inputs on fertilizers.
- Rise of Organic and Natural Farming: The emergence of organic and natural farming practices also creates demand for a starter fertilizer market. With their natural, renewable sources, from plant extracts to microbial fermentation, such starter fertilizers will be attractive among eco-friendly consumers and farmers who want to minimize synthetic chemicals in farming.
- Integration with Precision Agriculture: The introduction of precise agricultural methods of cultivation into the market has further enhanced the usage of starter fertilizers. Starter fertilizers are precision farming systems designed to meet specific crop and soil conditions. Thus, starting fertilizers are essential components of precision farming systems as they allow efficient and effective nutrient delivery for improved crop performance and resource use, thus increasing the importance of such modern farming technologies.
- Growth of Biostimulant and Microbial-Based Products: The starter fertilizers market is witnessing energetic growth in biostimulant and microbial-based products that tap into the power of natural compounds and beneficial microorganisms to improve the growth and resilience of plants. Such starter fertilizers have been formulated to enhance the efficiency of nutrient uptake and stress tolerance in plants and improve overall plant health.
- Advancements in Precision Dosing and Application Technology: Precision dosing and application technology advancements have made starter fertilizers much more effective. This involved using smart sensors with GPS-guided application systems and variable-rate technology optimization that ensured the right amount of starter fertilizer at the right time and place.
- Integration of Digital and Data-Driven Solutions: The starting fertilizers market includes digital and data-driven solutions to optimize the product performance of such products and the consumer experience. This includes the development of mobile apps, online channels, and data analytics tools that provide farmers and growers insights, recommendations, and real-time support in using starter fertilizers.
- Custom Starter Fertilizer Formulations: The opportunity is ripe for developing custom starter fertilizer formulations by manufacturers as the advancement in precision agriculture and custom solutions continues to burgeon. Instead of using a generalized starter fertilizer mixture, one may develop varieties specific to different crops, soil types, and climatic conditions by employing innovative technologies and intelligence from data insight.
- Growth Potential in Emerging Markets: Countries emerging have great potential for the market of starter fertilizers that can contribute to the demand for sustainable or efficient agricultural practices. Opening the market to adapt product offerings and marketing strategies to those emerging market demands and preferences will enable manufacturers to realize new ways of generating revenue and establishing a global footprint.
- Collaborative Innovation in Starter Fertilizer Development: Collaboration initiatives between start fertilizer manufacturers with research institutions, universities, and other industry players are still open to innovations and applications to develop new applications of starter fertilizers. These initiatives can also lead to novel starter fertilizer formulations, improved processes of production, and exploration of untapped market segments.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Starter Fertilizers Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Starter Fertilizers Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Starter Fertilizers Market is estimated to witness a CAGR of 5% from 2023 to 2031
Sustainable agriculture practices is driving the market growth
CHS Inc; Miller Seed Company; AgroLiquid; Hydrite Chemical; Yara are some of the key players operating in the starter fertilizers market
On the basis of geography, the starter fertilizers market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Development of biostimulant and microbial-based starter fertilizers is expected to be the key market trends
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Starter Fertilizers Market - By Nutrient Component
1.3.2 Starter Fertilizers Market - By Crop Type
1.3.3 Starter Fertilizers Market - By Method of Application
1.3.4 Starter Fertilizers Market - By Form
1.3.5 Starter Fertilizers Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. STARTER FERTILIZERS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. STARTER FERTILIZERS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. STARTER FERTILIZERS MARKET - GLOBAL MARKET ANALYSIS
6.1. STARTER FERTILIZERS - GLOBAL MARKET OVERVIEW
6.2. STARTER FERTILIZERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. STARTER FERTILIZERS MARKET - REVENUE AND FORECASTS TO 2028 - NUTRIENT COMPONENT
7.1. OVERVIEW
7.2. NUTRIENT COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. PHOSPHORUS
7.3.1. Overview
7.3.2. Phosphorus Market Forecast and Analysis
7.4. NITROGEN
7.4.1. Overview
7.4.2. Nitrogen Market Forecast and Analysis
7.5. POTASSIUM
7.5.1. Overview
7.5.2. Potassium Market Forecast and Analysis
7.6. MICRONUTRIENTS
7.6.1. Overview
7.6.2. Micronutrients Market Forecast and Analysis
8. STARTER FERTILIZERS MARKET - REVENUE AND FORECASTS TO 2028 - CROP TYPE
8.1. OVERVIEW
8.2. CROP TYPE MARKET FORECASTS AND ANALYSIS
8.3. CEREALS
8.3.1. Overview
8.3.2. Cereals Market Forecast and Analysis
8.4. FRUITS AND VEGETABLES
8.4.1. Overview
8.4.2. Fruits and Vegetables Market Forecast and Analysis
8.5. FORAGE AND TURF GRASSES
8.5.1. Overview
8.5.2. Forage and Turf Grasses Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. STARTER FERTILIZERS MARKET - REVENUE AND FORECASTS TO 2028 - METHOD OF APPLICATION
9.1. OVERVIEW
9.2. METHOD OF APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. IN-FURROW
9.3.1. Overview
9.3.2. In-Furrow Market Forecast and Analysis
9.4. FERTIGATION
9.4.1. Overview
9.4.2. Fertigation Market Forecast and Analysis
9.5. FOLIAR
9.5.1. Overview
9.5.2. Foliar Market Forecast and Analysis
9.6. OTHER METHODS
9.6.1. Overview
9.6.2. Other Methods Market Forecast and Analysis
10. STARTER FERTILIZERS MARKET - REVENUE AND FORECASTS TO 2028 - FORM
10.1. OVERVIEW
10.2. FORM MARKET FORECASTS AND ANALYSIS
10.3. LIQUID
10.3.1. Overview
10.3.2. Liquid Market Forecast and Analysis
10.4. DRY
10.4.1. Overview
10.4.2. Dry Market Forecast and Analysis
11. STARTER FERTILIZERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Starter Fertilizers Market Overview
11.1.2 North America Starter Fertilizers Market Forecasts and Analysis
11.1.3 North America Starter Fertilizers Market Forecasts and Analysis - By Nutrient Component
11.1.4 North America Starter Fertilizers Market Forecasts and Analysis - By Crop Type
11.1.5 North America Starter Fertilizers Market Forecasts and Analysis - By Method of Application
11.1.6 North America Starter Fertilizers Market Forecasts and Analysis - By Form
11.1.7 North America Starter Fertilizers Market Forecasts and Analysis - By Countries
11.1.7.1 United States Starter Fertilizers Market
11.1.7.1.1 United States Starter Fertilizers Market by Nutrient Component
11.1.7.1.2 United States Starter Fertilizers Market by Crop Type
11.1.7.1.3 United States Starter Fertilizers Market by Method of Application
11.1.7.1.4 United States Starter Fertilizers Market by Form
11.1.7.2 Canada Starter Fertilizers Market
11.1.7.2.1 Canada Starter Fertilizers Market by Nutrient Component
11.1.7.2.2 Canada Starter Fertilizers Market by Crop Type
11.1.7.2.3 Canada Starter Fertilizers Market by Method of Application
11.1.7.2.4 Canada Starter Fertilizers Market by Form
11.1.7.3 Mexico Starter Fertilizers Market
11.1.7.3.1 Mexico Starter Fertilizers Market by Nutrient Component
11.1.7.3.2 Mexico Starter Fertilizers Market by Crop Type
11.1.7.3.3 Mexico Starter Fertilizers Market by Method of Application
11.1.7.3.4 Mexico Starter Fertilizers Market by Form
11.2. EUROPE
11.2.1 Europe Starter Fertilizers Market Overview
11.2.2 Europe Starter Fertilizers Market Forecasts and Analysis
11.2.3 Europe Starter Fertilizers Market Forecasts and Analysis - By Nutrient Component
11.2.4 Europe Starter Fertilizers Market Forecasts and Analysis - By Crop Type
11.2.5 Europe Starter Fertilizers Market Forecasts and Analysis - By Method of Application
11.2.6 Europe Starter Fertilizers Market Forecasts and Analysis - By Form
11.2.7 Europe Starter Fertilizers Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Starter Fertilizers Market
11.2.7.1.1 Germany Starter Fertilizers Market by Nutrient Component
11.2.7.1.2 Germany Starter Fertilizers Market by Crop Type
11.2.7.1.3 Germany Starter Fertilizers Market by Method of Application
11.2.7.1.4 Germany Starter Fertilizers Market by Form
11.2.7.2 France Starter Fertilizers Market
11.2.7.2.1 France Starter Fertilizers Market by Nutrient Component
11.2.7.2.2 France Starter Fertilizers Market by Crop Type
11.2.7.2.3 France Starter Fertilizers Market by Method of Application
11.2.7.2.4 France Starter Fertilizers Market by Form
11.2.7.3 Italy Starter Fertilizers Market
11.2.7.3.1 Italy Starter Fertilizers Market by Nutrient Component
11.2.7.3.2 Italy Starter Fertilizers Market by Crop Type
11.2.7.3.3 Italy Starter Fertilizers Market by Method of Application
11.2.7.3.4 Italy Starter Fertilizers Market by Form
11.2.7.4 United Kingdom Starter Fertilizers Market
11.2.7.4.1 United Kingdom Starter Fertilizers Market by Nutrient Component
11.2.7.4.2 United Kingdom Starter Fertilizers Market by Crop Type
11.2.7.4.3 United Kingdom Starter Fertilizers Market by Method of Application
11.2.7.4.4 United Kingdom Starter Fertilizers Market by Form
11.2.7.5 Russia Starter Fertilizers Market
11.2.7.5.1 Russia Starter Fertilizers Market by Nutrient Component
11.2.7.5.2 Russia Starter Fertilizers Market by Crop Type
11.2.7.5.3 Russia Starter Fertilizers Market by Method of Application
11.2.7.5.4 Russia Starter Fertilizers Market by Form
11.2.7.6 Rest of Europe Starter Fertilizers Market
11.2.7.6.1 Rest of Europe Starter Fertilizers Market by Nutrient Component
11.2.7.6.2 Rest of Europe Starter Fertilizers Market by Crop Type
11.2.7.6.3 Rest of Europe Starter Fertilizers Market by Method of Application
11.2.7.6.4 Rest of Europe Starter Fertilizers Market by Form
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Starter Fertilizers Market Overview
11.3.2 Asia-Pacific Starter Fertilizers Market Forecasts and Analysis
11.3.3 Asia-Pacific Starter Fertilizers Market Forecasts and Analysis - By Nutrient Component
11.3.4 Asia-Pacific Starter Fertilizers Market Forecasts and Analysis - By Crop Type
11.3.5 Asia-Pacific Starter Fertilizers Market Forecasts and Analysis - By Method of Application
11.3.6 Asia-Pacific Starter Fertilizers Market Forecasts and Analysis - By Form
11.3.7 Asia-Pacific Starter Fertilizers Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Starter Fertilizers Market
11.3.7.1.1 Australia Starter Fertilizers Market by Nutrient Component
11.3.7.1.2 Australia Starter Fertilizers Market by Crop Type
11.3.7.1.3 Australia Starter Fertilizers Market by Method of Application
11.3.7.1.4 Australia Starter Fertilizers Market by Form
11.3.7.2 China Starter Fertilizers Market
11.3.7.2.1 China Starter Fertilizers Market by Nutrient Component
11.3.7.2.2 China Starter Fertilizers Market by Crop Type
11.3.7.2.3 China Starter Fertilizers Market by Method of Application
11.3.7.2.4 China Starter Fertilizers Market by Form
11.3.7.3 India Starter Fertilizers Market
11.3.7.3.1 India Starter Fertilizers Market by Nutrient Component
11.3.7.3.2 India Starter Fertilizers Market by Crop Type
11.3.7.3.3 India Starter Fertilizers Market by Method of Application
11.3.7.3.4 India Starter Fertilizers Market by Form
11.3.7.4 Japan Starter Fertilizers Market
11.3.7.4.1 Japan Starter Fertilizers Market by Nutrient Component
11.3.7.4.2 Japan Starter Fertilizers Market by Crop Type
11.3.7.4.3 Japan Starter Fertilizers Market by Method of Application
11.3.7.4.4 Japan Starter Fertilizers Market by Form
11.3.7.5 South Korea Starter Fertilizers Market
11.3.7.5.1 South Korea Starter Fertilizers Market by Nutrient Component
11.3.7.5.2 South Korea Starter Fertilizers Market by Crop Type
11.3.7.5.3 South Korea Starter Fertilizers Market by Method of Application
11.3.7.5.4 South Korea Starter Fertilizers Market by Form
11.3.7.6 Rest of Asia-Pacific Starter Fertilizers Market
11.3.7.6.1 Rest of Asia-Pacific Starter Fertilizers Market by Nutrient Component
11.3.7.6.2 Rest of Asia-Pacific Starter Fertilizers Market by Crop Type
11.3.7.6.3 Rest of Asia-Pacific Starter Fertilizers Market by Method of Application
11.3.7.6.4 Rest of Asia-Pacific Starter Fertilizers Market by Form
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Starter Fertilizers Market Overview
11.4.2 Middle East and Africa Starter Fertilizers Market Forecasts and Analysis
11.4.3 Middle East and Africa Starter Fertilizers Market Forecasts and Analysis - By Nutrient Component
11.4.4 Middle East and Africa Starter Fertilizers Market Forecasts and Analysis - By Crop Type
11.4.5 Middle East and Africa Starter Fertilizers Market Forecasts and Analysis - By Method of Application
11.4.6 Middle East and Africa Starter Fertilizers Market Forecasts and Analysis - By Form
11.4.7 Middle East and Africa Starter Fertilizers Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Starter Fertilizers Market
11.4.7.1.1 South Africa Starter Fertilizers Market by Nutrient Component
11.4.7.1.2 South Africa Starter Fertilizers Market by Crop Type
11.4.7.1.3 South Africa Starter Fertilizers Market by Method of Application
11.4.7.1.4 South Africa Starter Fertilizers Market by Form
11.4.7.2 Saudi Arabia Starter Fertilizers Market
11.4.7.2.1 Saudi Arabia Starter Fertilizers Market by Nutrient Component
11.4.7.2.2 Saudi Arabia Starter Fertilizers Market by Crop Type
11.4.7.2.3 Saudi Arabia Starter Fertilizers Market by Method of Application
11.4.7.2.4 Saudi Arabia Starter Fertilizers Market by Form
11.4.7.3 U.A.E Starter Fertilizers Market
11.4.7.3.1 U.A.E Starter Fertilizers Market by Nutrient Component
11.4.7.3.2 U.A.E Starter Fertilizers Market by Crop Type
11.4.7.3.3 U.A.E Starter Fertilizers Market by Method of Application
11.4.7.3.4 U.A.E Starter Fertilizers Market by Form
11.4.7.4 Rest of Middle East and Africa Starter Fertilizers Market
11.4.7.4.1 Rest of Middle East and Africa Starter Fertilizers Market by Nutrient Component
11.4.7.4.2 Rest of Middle East and Africa Starter Fertilizers Market by Crop Type
11.4.7.4.3 Rest of Middle East and Africa Starter Fertilizers Market by Method of Application
11.4.7.4.4 Rest of Middle East and Africa Starter Fertilizers Market by Form
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Starter Fertilizers Market Overview
11.5.2 South and Central America Starter Fertilizers Market Forecasts and Analysis
11.5.3 South and Central America Starter Fertilizers Market Forecasts and Analysis - By Nutrient Component
11.5.4 South and Central America Starter Fertilizers Market Forecasts and Analysis - By Crop Type
11.5.5 South and Central America Starter Fertilizers Market Forecasts and Analysis - By Method of Application
11.5.6 South and Central America Starter Fertilizers Market Forecasts and Analysis - By Form
11.5.7 South and Central America Starter Fertilizers Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Starter Fertilizers Market
11.5.7.1.1 Brazil Starter Fertilizers Market by Nutrient Component
11.5.7.1.2 Brazil Starter Fertilizers Market by Crop Type
11.5.7.1.3 Brazil Starter Fertilizers Market by Method of Application
11.5.7.1.4 Brazil Starter Fertilizers Market by Form
11.5.7.2 Argentina Starter Fertilizers Market
11.5.7.2.1 Argentina Starter Fertilizers Market by Nutrient Component
11.5.7.2.2 Argentina Starter Fertilizers Market by Crop Type
11.5.7.2.3 Argentina Starter Fertilizers Market by Method of Application
11.5.7.2.4 Argentina Starter Fertilizers Market by Form
11.5.7.3 Rest of South and Central America Starter Fertilizers Market
11.5.7.3.1 Rest of South and Central America Starter Fertilizers Market by Nutrient Component
11.5.7.3.2 Rest of South and Central America Starter Fertilizers Market by Crop Type
11.5.7.3.3 Rest of South and Central America Starter Fertilizers Market by Method of Application
11.5.7.3.4 Rest of South and Central America Starter Fertilizers Market by Form
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. STARTER FERTILIZERS MARKET, KEY COMPANY PROFILES
13.1. AGRIUM INC.
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. CHS INC.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. CONKLIN COMPANY PARTNERS INC.
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. GRASSLAND AGRO LTD.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. HELENA CHEMICAL COMPANY
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. MILLER SEED COMPANY
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. NACHURS ALPINE SOLUTIONS CORP.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. STOLLER USA INC.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. THE SCOTTS MIRACLE-GRO COMPANY
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. YARA INTERNATIONAL ASA
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Agrium Inc.
2. CHS Inc.
3. Conklin Company Partners Inc.
4. Grassland Agro Ltd.
5. Helena Chemical Company
6. Miller Seed Company
7. Nachurs Alpine Solutions Corp.
8. Stoller Usa Inc.
9. The Scotts Miracle-Gro Company
10. Yara International ASA
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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