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.
Scope of the Report:
Market by Active Ingredients:
Other Botanical Extracts
Trace Minerals and Vitamins
Market by Mode of Application
Market by Formulation:
Market by Crop Type:
Fruits and Vegetables
Turfs and Ornamentals
Market by Geography:
Rest of Europe
Rest of Asia-Pacific
Rest of the World
Rest of Latin America
Middle East and Africa
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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 questions answered in the report-
Significant Growth Potential in the Developing Economies Will Propel the Biostimulants Market
How does the penetration of biostimulants in developed regions differ from developing countries like India and China?
How is the competition between the major and prominent local players in this market?
Which are the high growth market segments in terms of active ingredients, mode of application, formulation, crop type, regions, and countries?
Europe Market Favors both Larger and Local Manufacturers that Compete in Multiple Segments
Who are the top competitors in this market and what strategies do they employ to gain shares?
What is driving the growth and which market segments have the most potential for revenue expansion during the forecast period?
What strategies companies should adopt who are looking to enter in this market and compete effectively?
What are the major drivers, restraints, opportunities, and challenges in the global biostimulants market?
Who are the major players in various countries and what share of the market do they hold?
What are the geographical trends and high growth regions/ countries?
Recent new product launches; acquisitions; collaborations, partnerships, and expansions have taken place in the biostimulants market
What companies have recently merged/acquired and how will these unions affect the competitive landscape of the biostimulants market?
What companies have created partnerships and how will these partnerships promote a competitive advantage?
Who are the major players in the global biostimulants market and what share of the market do they hold?
What are the local emerging players in the global biostimulants market and how do they compete with the global players?
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This post was originally published on Trading Examiner