Global fertilizer sticks market is anticipated to grow with an impressive CAGR value in the mentioned forecast years 2023-2027 on the account of increasing demand for the in-home gardening supplies and fertilizers. Also, surge in the demand for higher yields from plants while using bio-fertilizers is driving the growth of the global fertilizer sticks market in the upcoming five years.
Fertilizers are added nutrient supply to the plants that support their growth in healthier environment and support the demand of nutrient from the plant. Fertilizer sticks are one of the many innovative products found at in the market to provide required nutrient to the plant in more efficient and effective way. Fertilizer sticks also consist of seaweed extract along with other required nutrient thus enhance the quality and capacity of the fertilizer sticks promoting the product utilization over traditional fertilizers. The fertilizer sticks are easily dissolvable in water, and once inserted beside plant roots, can be absorbed easily when the plants are watered. Nutrients like nitrogen, humic acid, phosphorus, potassium, amino acid, growth hormones, micronutrients, seaweed extracts, healthy microbes, etc. are in these fertilizer sticks that are important nutrient to be supplied for the healthy plant growth.
Increasing Home Gardens Drive Market Growth
Increasing globalization and industrialization has significantly decreased green lands such that even agricultural lands are rapidly depleting. With increasing number of high-rise residential buildings, commercial complexes, and corporate offices demand for home-gardens and vertical farming, and constructing green buildings is also increasing rapidly. Other than farmers, urban population is readily adapting to mini gardens with flowering plants, vegetables, and fruit plants growing at home. Inclination of the population toward in-home agriculture & horticulture practices is increasing the demand for fertilizer sticks since supply of nutrient becomes scarce and artificial methods of nutrient supply is required for potted plants. This increasing demand is anticipated to drive the growth of the global fertilizer sticks market in the upcoming five years.
In 2020, the total number of farms stood at just over two million. On average, farm sizes in the U.S. are around 444 acres in size and in total there are nearly 896 million acres of farmland across the country.
Download Free Sample Report
Market Segmentation
The global fertilizer sticks market segmentation is based on type, application, nutrient, distribution channel, regional distribution, and competitive landscape. Based on type the market is fragmented into mineral sticks and organic sticks. On the basis of application, the market is sub-segmented into houseplants, kitchen & herb garden, lush green foliage, indoor plants, flowering plants, and others. Based on nutrient, the market is further bifurcated into nitrogen, phosphorous, potassium, humic acid, growth hormones, and others. Market segmentation based on distribution channel, bifurcates into online and offline.
Company Profile
Lazy Gardener, Miracle-Gro (The Scotts Company LLC), Unique Industries, Jobes Company, COMPO Group, My Fresh Air, Easy Gardener Products, Inc., are enlisted in a partial list of major market players of the global fertilizer sticks market. The existing market players are highly invested in research and product development along with viable service provisions for the consumers. New market entrants may follow similar strategies along with merger and acquisition methods for future brand establishment.
|
Attribute
|
Details
|
|
Base Year
|
2021
|
|
Historical Data
|
2017 – 2020
|
|
Estimated Year
|
2022
|
|
Forecast Period
|
2023 – 2027
|
|
Quantitative Units
|
Revenue in USD Million, Volume in Units, and CAGR for 2017-2021
and 2022-2027
|
|
Report coverage
|
Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
|
|
Segments covered
|
·
Type
·
Application
·
Nutrient
·
Distribution Channel
|
|
Regional scope
|
North America; Europe; Asia Pacific; South America; Middle
East & Africa
|
|
Country scope
|
United States, Mexico, Canada, China, India, Japan, South
Korea, Australia, Germany, France, United Kingdom, Spain, Italy, South
Africa, UAE, Saudi Arabia, Brazil, Argentina, Colombia
|
|
Key companies profiled
|
Lazy Gardener, Miracle-Gro (The Scotts Company LLC), Unique
Industries, Jobes Company, COMPO Group, My Fresh Air, Easy Gardener Products,
Inc.
|
|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
|
