Global Biostimulant Market to witness CAGR of 9% during 2019-2025
Posted On June 20, 2019
Data analysis by Value Market Research shows that the Global Biostimulant Market was valued USD 2,016.5 MN (by revenue) in 2018 and is anticipated to reach USD 3,686.2 MN by 2025 with a CAGR of 9%. Biostimulant market is expected to witness strong growth on account of rising demand for the organic product for farming. The market is also expected to benefit from the rising application of biostimulants for the production of good yield owing to the rising awareness of the benefit of the product among farmers which is encouraging product demand. Moreover, the rising adoption of biostimulants for increasing plant tolerance from abiotic stress is also fueling market growth. Additionally, decreasing arable land along with the growing need for a sustainable environment is also projected to stance growth opportunity to the market.
Biostimulant is a substance that basically stimulates plant growth, increased nutrients uptake, and improve photosynthate translocation. Biostimulant is also recognized as biofertilizers with some of the common ingredients such as plant hormones, humic substance, manure, beneficial chemical elements, inorganic salts, seaweed extracts, chitin and chitosan derivatives, peptides and amino acids, antitranspirants, amino acids, and other Nitrogen-containing substances. It increases the efficiency of the plant's metabolism to promote good quality yield. Further, biostimulant also enhances soil quality by inducing the development of complementary soil micro-organism.
The report "Global Biostimulant Market Report By Active Ingredient (Acid-Base, Seaweed Extract, Microbial And Others), By Crop Type (Row Crops And Cereals, Fruits And Vegetables, Turfs And Ornaments And Others) By Application (Foliar, Seed And Soil) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2018-2025" covers major segments, regional assessment, key information of industry trends, important developments, and a competitive panel of market.
The market segmentation includes active ingredient, crop type, application, and region. Active ingredient segment has been classified into acid-base, seaweed extract, microbial, and others. The active base ingredient is accounted for the largest share in the market as they are the major source of phytohormone and promote the metabolic rate of the plant and seed germination. Crop type segment has been categorized into row crops and cereals, fruits and vegetables, turfs, and ornaments and others. Row crops and cereals are dominating the segment as they are majorly grown across the globe. The application segment has been split into foliar, seed, and soil. Foliar has emerged as the largest application area owing to the rising need for quality yield production along with the rising adoption of advanced farming technique. Regional segmentation covers North America, Europe, Asia-pacific, Latin America, the Middle East, and Africa. Europe is dominating the overall market owing to the rising demand for agronomic products coupled with the high adoption rate of advanced farming techniques in the region.
The Report Segments Global Biostimulant Market -
By Active Ingredient
By Crop Type
Row Crops And Cereals
Fruits And Vegetables
Turfs And Ornaments
Middle East & Africa
Players Profiled in the Report:
BASF SE, Biolchim S.P.A, Biostadt India Limited, Isagro Group, Italpollina SAP, Koppert B.V., Novozymes A/S, Platform Specialty Products Corporation, Sapec Group and Valagro Group.
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