Biostimulants Market by Active Ingredient (Acid Based, Extracts based), Application (Foliar Spray, Soil Treatment, Seed Treatment), Formulation (Liquid, Dry), and Crop Type (Row Crops, Fruits and Vegetables) – Global Forecast to 2025
Pune, India – January 17, 2020 /MarketersMedia/ —
Global biostimulants market has shown strong growth pattern in recent years majorly due to the growing need to increase crop yield and quality, growing organic farming and demand for organic food, wide range of benefits of biostimulants in crop production, and rising awareness about environmental safety with the use of biostimulants. In addition to this, emerging geographies like Asia Pacific and Latin America have shown great potential for organic farming which ultimately helps the biostimulants market to grow further.
Meticulous Research® in its latest publication on biostimulants market states that the global biostimulants market will increase at a CAGR of 13.4% from 2019 to 2025 to reach $4.5 billion by 2025. Wherein, geographically, Europe holds the largest share in this market followed by North American region. The largest share of Europe in this market is attributed to the rising concern over harmful chemicals on environment, increasing demand for organic food, rapid development & innovation in biostimulants, and presence of large number of biostimulant providers. However, Asian countries are slated to register the fastest growth during the forecast period, primarily due to large area under agriculture cultivation, rising need to increase the crop yield and quality, increasing demand for organic food, and various government initiatives to develop and increase application of biologicals in the region.
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The report provides meticulous analysis of global biostimulants market by segmenting it on the basis of active ingredients (acid based, extracts based, microbial amendments, trace minerals and vitamins, and others), application (foliar spray, soil treatment, and seed treatment), formulation (liquid formulation and dry formulation), and crop type (row crops, fruits and vegetables, turfs and ornamental, and others).
Among active ingredients, acid based biostimulants hold largest share in this market attributed to their wide range of benefits to the plant, higher efficiency, and easy availability. While in terms of application, foliar spray is the most preferred way of biostimulant application cited to its efficiency over the other application methods. In terms of form, liquid biostimulants commanded the largest share global biostimulants market which is mainly attributed to higher effective duration (up to 6 months) as compared to that of dry formulation (up to 3 months), as well as their better performance over dry formulation.
The key players analyzed in the global biostimulants market are BASF SE, Valagro SpA, Biolchim S.p.A., Marrone Bio Innovation, Monsanto Company (Part of Bayer), Trade Corporation International (Part of Sapec Group), Plant Health Care PLC, Syngenta (Subsidiary of ChemChina), Biostadt India Limited, Andermatt Biocontrol AG, BioWorks, Inc., Novozymes, Inc., Koppert B.V., Isagro S.p.A., Italpollina S.p.A., Micromix Plant Health Ltd., FMC Corporation, Bioatlantis Ltd, Omex Agruifluids Limited (Subsidiary of Omex Group), Agrinos AS, Som Phytopharma India Limited, EuroChem Group AG, and SICIT 2000 SpA.
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Key Topics Covered in This Report:
1.1. Market Ecosystem
1.2. Currency and Limitations
1.3. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.2. Primary Research
2.1.3. Market Size Estimation
3. Executive Summary
4. Market Insights
4.2.1. Growing Need to Increase Crop Yield and Quality
4.2.2. Growing Organic Farming and Demand for Organic Food
4.2.3. Wide Range of Benefits of Biostimulants in Crop Production
4.2.4. Increasing Awareness about the Environmental Safety with the Use of Biostimulants
4.3.1. Lack of Education and Awareness Among Farmers
4.3.2. Challenges to New Entrants and Small Companies
4.4.1. No Standardized Regulatory Framework for Biostimulants
4.4.2. Scientific and Technical Challenges for Development of Biostimulants
5. Regulatory Analysis
5.2. North America
5.4. Latin America
6. Global Biostimulants Market, by Active Ingredient
6.2. Acid Based
6.2.2. Humic Acid
6.2.3. Amino Acids
6.2.4. Fulvic Acid
6.3. Extract Based
6.3.2. Seaweed Extract
6.3.3. Other Botanical Extracts
6.4. Microbial Amendments
6.5. Trace Minerals and Vitamins
7. Global Biostimulants Market, by Mode of Application
7.2. Foliar Spray
7.3. Soil Treatment
7.4. Seed Treatment
8. Global Biostimulants Market, by Formulation
8.2. Liquid Formulation
8.2.1. Suspension Concentrate
8.2.2. Soluble Liquid Concentrate
8.2.3. Emulsifiable Concentrate
8.3. Dry Formulation
8.3.1. Dry Granules
8.3.2. Wettable Powder
8.3.3. Water Dispersible
9. Global Biostimulants Market, by Crop Type
9.2. Row Crops
9.3. Fruits and Vegetables
9.4. Turfs and Ornamentals
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Key questions answered in the report-
Which are the high growth market segments in terms ofactive ingredient, mode of application, formulation, crop type, and countries?
What is the historical market for biostimulants across the globe?
What are the market forecasts and estimates from the period 2019-2025?
What are the major drivers, restraints, and challenges in the global biostimulants market?
Who are the major players in the global biostimulants market and what share of the market do they hold?
Who are the major players in various countries and what share of the market do they hold?
How is the competitive landscape?
What are the recent developments in the global biostimulants market?
What are the different strategies adopted by the major players in the global biostimulants market?
What are the geographic trends and high growth countries?
Who are the local emerging players in the global biostimulants market and howdo they compete with the other players?
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Address: Pune, India
Release ID: 88943152
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