PUBLISHER: TechSci Research | PRODUCT CODE: 1110852
PUBLISHER: TechSci Research | PRODUCT CODE: 1110852
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The global fertilizer sticks market is projected to register growth at a formidable rate during the forecast period, 2023-2027. The market growth can be attributed to the growing trend of in-home gardening and the surge in demand for high yield from plants using fertilizers. Fertilizers fulfill the nutritional requirement of plants and provide a healthy environment for them to thrive. Fertilizer sticks are emerging as one of the innovative agri-products that provide nutrients to the plants in a more effective manner. Easier to handle and store, fertilizer sticks are better at stimulating biological activity in the soil compared to traditional granular fertilizers. Fertilizer sticks need to be inserted beside plant roots, where they are easily absorbed when plants are watered. The sticks are rich in nutrients like potassium, humic acid, phosphorus, amino acid, growth hormones, micronutrients, healthy microbes, etc., efficiently promoting plant growth.
As people are becoming aware of the benefits of living in green environments or incorporating plants in high-rise residential buildings, commercial complexes, and corporate offices, the demand for home gardens, vertical farming, and plants is rapidly increasing. The growing trend of home agriculture and horticulture practices, and the rising inclination toward organic farming are some factors propelling the growth of the global fertilizer market. Depleting farmlands and reducing crop yields are compelling farmers to actively utilize methods like fertilizer sticks to supply nutrients, which is expected to support the growth of the global fertilizer sticks market in the coming years. Moreover, increasing demand for bio-fertilizers in innovative forms for better crops and rising awareness among the farmers are boosting the robust growth of the global fertilizer sticks market.
The global fertilizer sticks market is segmented on the basis of type, application, nutrient, distribution channel, regional distribution, and competitive landscape. Based on type, the market is fragmented into mineral sticks and organic sticks. Mineral sticks are expected to register the highest growth in the global fertilizer sticks market, owing to the rising demand for nutrient-rich fertilizer sticks. However, the organic sticks segment is anticipated to register the fastest growth in the coming five years due to increasing awareness towards organic products and rising demand for bio-fertilizers in stick form.
Major companies operating in the global fertilizer sticks market are: Lazy Gardener, Miracle-Gro (The Scotts Company LLC), Unique Industries, Jobes Company, COMPO Group, My Fresh Air, Easy Gardener Products, Inc., among others.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of the Global fertilizer sticks market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global fertilizer sticks market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in global fertilizer sticks market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: