Starter Fertilizers Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0185734
  • Format: Electronic (PDF)
  • Number of Pages: 200
  • Author(s): Joshi, Madhavi

Report Overview

The Starter Fertilizers Market size was estimated at USD 3.2 billion in 2023 and is projected to reach USD 5.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.80% during the forecast period (2024-2030).

Starter Fertilizers Market

(Market Size)
$3.2 billion
$5.2 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 7.80%
2023 Market Size USD 3.2 billion
2030 Market Size USD 5.2 billion
Key Players Nutrien, Yara, The Mosaic Company, OCP Group, ICL Group

Market Summary

The starter fertilizers market is a specialized segment within the broader agricultural inputs industry, focusing on providing essential nutrients to crops during the initial stages of growth. These fertilizers are applied at or near the seed during planting to ensure young plants have immediate access to phosphorus, nitrogen, and other critical elements necessary for early root development and vigorous establishment. This market is integral to modern farming practices aimed at maximizing yield potential from the very beginning of the crop cycle. The adoption of starter fertilizers is widespread across various crop types, including cereals, oilseeds, and fruits and vegetables, driven by the need to enhance nutrient use efficiency and support healthy plant growth. Key industry participants range from global chemical giants to specialized agricultural solution providers, all competing to offer effective and innovative products. The market's dynamics are influenced by agricultural productivity goals, environmental sustainability concerns, and the continuous evolution of farming technologies.

Key Highlights

The starter fertilizers market is characterized by several key highlights that underscore its importance and trajectory. A primary highlight is the critical role these fertilizers play in promoting strong early plant growth, which is a foundational element for achieving optimal crop yields and quality at harvest. The market is also distinguished by ongoing innovation in product formulations, including the development of enhanced-efficiency fertilizers and combination products that integrate micronutrients or biologicals to address specific soil and crop needs. Furthermore, there is a growing emphasis on sustainability, leading to increased interest in products that minimize environmental impact through reduced nutrient leaching and improved nutrient uptake. The competitive landscape is active, with companies engaging in strategic initiatives such as product launches, partnerships with research institutions, and expansion into emerging agricultural regions to capture market share and address the evolving demands of farmers worldwide.

Drivers, Opportunities & Restraints

The growth of the starter fertilizers market is propelled by several powerful drivers. A primary driver is the intensifying global pressure to enhance agricultural productivity and food security to support a growing population, making efficient early-stage crop nutrition paramount. The expanding adoption of precision farming and conservation tillage practices further fuels demand, as these systems often rely on precise nutrient placement that starter fertilizers provide. Significant opportunities exist in the development of customized fertilizer blends tailored to specific soil deficiencies and crop requirements, as well as in the integration of digital agriculture tools for optimized application. The exploration of untapped potential in emerging economies with growing agricultural sectors presents another substantial growth avenue. However, the market faces restraints, including price volatility of raw materials used in fertilizer production, which can impact product affordability and profit margins. Additionally, stringent environmental regulations concerning fertilizer use and nutrient runoff pose challenges, necessitating continuous investment in research and development of more sustainable and compliant product solutions.

Concentration Insights

The concentration within the starter fertilizers market reveals a landscape with a mix of large multinational corporations and specialized regional players. A handful of major companies, including Nutrien Ltd., Yara International ASA, The Mosaic Company, and ICL Group Ltd., hold significant market share due to their extensive product portfolios, robust research and development capabilities, and vast global distribution networks. These industry leaders often compete on the basis of brand reputation, technological innovation, and comprehensive agronomic support services offered to farmers. Alongside these giants, there are numerous smaller, niche manufacturers that compete by focusing on specific geographic regions, particular crop types, or unique, value-added formulations such as organic or bio-based starter fertilizers. This structure creates a competitive environment where scale and innovation are key determinants of success, and where partnerships and acquisitions are common strategies for expanding market presence and technological expertise.

Type Insights

The starter fertilizers market is segmented by type, primarily distinguished by the form of the product and its nutrient composition. The main types include nitrogen-based, phosphorus-based, potassium-based, and micronutrient-based fertilizers, with many products being formulated as blends to provide a balanced nutrient supply. Phosphorus-based starters are particularly prominent due to phosphorus's crucial role in early root development and its relative immobility in the soil, making placement near the seed highly beneficial. In terms of form, these fertilizers are available as liquids and solids (granular or powder). Liquid starters are gaining traction for their ease of handling and application compatibility with modern planting equipment, allowing for precise placement. The choice between types and forms is influenced by factors such as soil test results, crop nutrient requirements, local climatic conditions, and the farmer's equipment and application preferences, driving demand for a diverse range of products within the market.

Application Insights

Application insights for the starter fertilizers market highlight their use across a wide spectrum of crops and farming systems. The primary application segments include cereals and grains such as corn, wheat, and rice; oilseeds and pulses like soybean and canola; and commercial crops including fruits, vegetables, and turf grass. Among these, row crops like corn and soybean represent a major application area due to the high value of these crops and the significant yield response often observed from effective starter fertilizer use. The method of application is also a critical insight, with practices ranging from in-furrow placement and pop-up treatments to banding beside or below the seed. The selection of application method is carefully considered to maximize nutrient availability to the young plant while minimizing the risk of salt injury or fertilizer burn to the germinating seed, which is a key aspect of product use guidelines and agronomic recommendations.

Regional Insights

Regional insights demonstrate varied dynamics for the starter fertilizers market across the globe. North America, particularly the United States and Canada, represents a mature and highly developed market characterized by large-scale farming operations, high adoption rates of advanced agricultural technologies, and strong demand for efficiency-enhancing inputs. Europe follows with a significant market share, driven by stringent regulations promoting nutrient use efficiency and sustainable farming practices within the European Union. The Asia-Pacific region is identified as a high-growth market, fueled by increasing agricultural intensification, government initiatives to improve food security, and rising awareness among farmers in countries like China, India, and Australia. Latin America and the Middle East & Africa are emerging regions where market growth is linked to the expansion of agricultural land and the gradual modernization of farming practices, though adoption rates can be uneven and influenced by economic and infrastructural factors.

Company Insights

Company insights into the starter fertilizers market reveal a strategic focus on innovation, sustainability, and geographic expansion among leading players. Prominent companies such as Nutrien Ltd. leverage their integrated retail network to provide tailored starter fertilizer solutions directly to farmers. Yara International ASA emphasizes its expertise in nitrogen and mineral-based fertilizers, investing in low-carbon footprint products. The Mosaic Company is a key player in phosphate and potash production, fundamental ingredients for many starter blends. ICL Group Ltd. is known for its specialty fertilizers that often include controlled-release technologies. Other significant contributors include Nufarm, Helena Agri-Enterprises, and CHS Inc. These companies compete not only on product quality and price but also on the depth of their agronomic support, digital tools for recommendation, and their ability to provide consistent supply through integrated manufacturing and distribution channels, which are critical for building long-term customer loyalty.

Recent Developments

Recent developments in the starter fertilizers market reflect a industry in motion, adapting to new challenges and opportunities. A prominent trend has been the launch of novel fertilizer formulations that combine traditional macronutrients with secondary nutrients, micronutrients, or biologicals to create more comprehensive and effective solutions for early plant growth. Companies are also increasingly investing in and launching sustainable products, such as those with enhanced nutrient efficiency to reduce environmental impact. Strategic collaborations and partnerships between fertilizer manufacturers technology firms are becoming more common, aiming to integrate fertilizer recommendations with digital farming platforms for precision application. Furthermore, several market players have announced capacity expansions and new production facilities to strengthen their supply chains and better serve key agricultural regions, indicating confidence in the long-term growth prospects of the market amidst evolving global agricultural needs.

Report Segmentation

This report on the starter fertilizers market provides a detailed and structured analysis through comprehensive segmentation. The market is segmented by type to analyze the demand and trends for different nutrient bases, including nitrogen, phosphorus, potassium, and micronutrients, as well as by form such as liquid and dry. Application segmentation offers insights into usage across key crop categories like cereals & grains, oilseeds & pulses, fruits & vegetables, and other commercial crops. Furthermore, the report is segmented by region, delivering a granular analysis of market dynamics, growth patterns, and competitive landscapes in North America, Europe, Asia-Pacific, and the rest of the world. This multi-faceted segmentation allows for a thorough examination of the market, enabling stakeholders to identify specific growth pockets, understand application-specific trends, and assess regional opportunities and challenges within the global starter fertilizers industry.

FAQs

What are starter fertilizers? Starter fertilizers are nutrient formulations applied in small amounts near the seed at planting time. They are designed to supply essential elements like phosphorus and nitrogen to young seedlings, promoting vigorous root development and early growth, which can lead to stronger plants and potentially higher yields.

How are starter fertilizers applied? Starter fertilizers are typically applied using specialized equipment on planters or drills. Common methods include in-furrow application (placing the fertilizer in the same trench as the seed), pop-up placement (direct contact with the seed), or banding (placing the fertilizer in a band to the side and/or below the seed row).

What crops benefit from starter fertilizers? A wide range of crops benefit from starter fertilizers. Major beneficiaries include row crops like corn and soybeans, small grains such as wheat and barley, and various horticultural crops including vegetables, fruits, and turf grass, especially when planted in cool, wet soils or soils with low nutrient levels.

What is the difference between starter fertilizer and regular fertilizer? The primary difference lies in the placement, timing, and purpose. Starter fertilizer is placed near the seed at planting specifically to aid early seedling growth. Regular fertilizer, often called base or maintenance fertilizer, is typically broadcast or side-dressed later in the season to meet the crop's overall nutrient requirements throughout its life cycle.

Can starter fertilizer burn seeds? Yes, there is a potential risk of seed burn or salt injury if starter fertilizer is placed too close to the seed, especially at high application rates or with certain fertilizer materials. To mitigate this risk, manufacturers provide specific guidelines on safe placement distances and application rates based on the product's salt index and the crop's sensitivity.

Citius Research has developed a research report titled “Starter Fertilizers Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Starter Fertilizers Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Starter Fertilizers Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Starter Fertilizers Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Starter Fertilizers Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Starter Fertilizers Market
• Research Methodology
• Executive Summary
• Market Dynamics of Starter Fertilizers Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Starter Fertilizers Market
• Cost and Gross Margin Analysis of Starter Fertilizers Market
• Starter Fertilizers Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Starter Fertilizers Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Starter Fertilizers Market Key Stakeholders

Below are the key stakeholders for the Starter Fertilizers Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Starter Fertilizers Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Starter Fertilizers Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Starter Fertilizers Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Starter Fertilizers Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Starter Fertilizers Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Starter Fertilizers Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Starter Fertilizers Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Starter Fertilizers Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Starter Fertilizers Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Starter Fertilizers Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Starter Fertilizers Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Starter Fertilizers Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Starter Fertilizers Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Starter Fertilizers Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Starter Fertilizers Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Starter Fertilizers Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Starter Fertilizers Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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