According to this latest publication from Our
Research the Global Biostimulants Market will grow at a
CAGR of 12.7% from 2017 to 2022 to reach USD 3,040.3 million by 2022, driven by
the growing need to increase crop yield and quality, growing organic farming
and demand for organic food, and wide range of benefits of biostimulants in
crop production. Moreover, growing awareness about environmental safety with
the use of biostimulants has further led the growth of biostimulants market
globally. However, lack of education and awareness among farmers, and various
challenges faced by new entrants and small players restraints the growth of
biostimulants market. Also, unavailability of standardized regulatory framework
for biostimulants and scientific & technical challenges for development of
biostimulants challenges the growth of this market to some extent.
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The global biostimulants market is mainly segmented by active ingredients (acid based, extracts based, microbial amendments, trace minerals and vitamins, and others) by mode of application (foliar spray, soil treatment, and seed treatment), by formulation (liquid formulation and dry formulation), by crop type (row crops, fruits and vegetables, turfs and ornamental, and others), and by geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).
Europe holds the major share in the global biostimulants market, followed by North America, and Asia-Pacific region. The large share of this region is primarily 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 biostimulants providers. However, Asia-Pacific region possesses lucrative growth potential for the biostimulants market and is expected to witness a fastest growth during the forecast period. This is mainly attributed to the 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.
The leading companies have employed various strategies
to expand their product offerings, global footprint, and augment their market
share. The key strategies followed by most companies in the global
biostimulants market were new product developments, acquisitions, and
expansions. The key players 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., Italpollina S.p.A., Micromix Plant Health Ltd., ArystaLifeScience
Corporation (Subsidiary of Platform Specialty Products Corporation), FMC
Corporation, Bioatlantis Ltd, Omex Agruifluids Limited (Subsidiary of Omex
Group), Haifa Chemicals Ltd., Agrinos AS, Camson Bio Technologies Limited, Som
Phytopharma India Limited, EuroChem Group AG, and SICIT 2000 SpA.
Key questions answered in the report-
Which are the high growth market segments in terms of
active ingredients, application, form, crop type, and regions/countries?
What is the historical market for biostimulants across
the globe?
What are the market forecasts and estimates from the
period 2015-2022?
What are the major drivers, restraints, opportunities,
and trends 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?
What are the competitive landscapes and who are the
market leaders by subregion in the global biostimulants market?
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 geographical trends and high growth
regions/ countries?
What are the local emerging players in the global
biostimulants market and how do they compete with the global players?
To read the complete report, click the link :
https://www.bharatbook.com/agriculture-market-research-reports-644187/biostimulants-global-opportunity-analysis.html
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https://www.bharatbook.com/agriculture-market-research-reports-644187/biostimulants-global-opportunity-analysis.html
Browse our related reports on above topic : Biostimulants Market Report
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