psalexa

Global Biostimulants Market Size, Share, Development, Growth and Demand Forecast to 2022 – Industry Insights by Active Ingredients (Humic, Fulvic, Seawood Extracts, Amino Acid, Vitamins, Others), by Crop Type (Row Crop, Fruit & Vegetables, Turf & Ornamentals, Others) by Application Method (Foliar, Soil, Seed)

  • Published: June 2016
  • Report Code: CM10683
  • Available Format: PDF
  • Pages: 110

Valued $1,476.1 million in 2015, the global biostimulants market is expected to advance at a CAGR of 11.2% during the forecast period (2016–2022). The market growth is majorly driven by the increasing demand for biostimulants in the agricultural sector across the world. Geographically, Europe was the largest market for biostimulants in 2015, and the market, during the forecast period, is expected to demonstrate the fastest growth in Asia-Pacific (APAC).

Biostimulants are microorganisms or substances made of synthetic or natural compounds. They are added to plants, soil, or seeds along with substrates in order to stimulate the organic growth of plants and improve their immunity. Besides, these help plants assimilate nutrients and ensure crop protection. Due to this, biostimulants are widely used in the agrochemicals, fertilizers, and food technology industries.

Biostimulants Market

Globally, there has been increased focus on the importance of a healthy lifestyle and benefits of nutritional food. Moreover, with the increase in population worldwide, the demand for food products is likely to increase, thereby boosting the need for biostimulants. Additionally, biostimulants help diminish the amount of abiotic stress in plants. These factors are thus expected to drive the biostimulants market in the near future.

However, due to the lack of any quality grades for biostimulants, presence of a limited number of companies producing biostimulants, and lack of regulatory standards on the use of these products, the growth of the biostimulants market is being affected to some extent. Besides, limited knowledge on these substances, in addition to the high costs of their research and development, acts as a barrier to the growth of the biostimulants industry.

Biostimulants are required in crops, vegetables oilseeds, and forage for animal feed. On the basis of active ingredients, the biostimulants market is categorized into humic acid, amino acid, fulvic acid, seawood extracts, vitamins, and others. Of these, the seaweed extracts category dominated the market in 2015 and is expected to demonstrate a CAGR of 11.6% in terms of value during the forecast period.

Some of the key players in the global biostimulants market are Omex Agrifluids Ltd., Acadian Seaplants Limited, Valagro S.p.A., Trade Corporation International, Platform Specialty Products Corporation, The Dow Chemical Company, Micromix Plant Health Limited, BASF SE, Koppert B.V., and Isagro S.p.A.

Key questions answered in the report

  • What is the current and future scenario of the global biostimulants market?
  • What are the major factors driving the market?
  • What are the key opportunities for the players in the market?
  • Which application is expected to dominate the market during the forecast period?
  • Which region is expected to witness the fastest growth in the market during the forecast period?
  • Who are the major players in the market?
Place An Order
USD 4900 USD 5900 USD 7500
Customized Report Solution

Get a bespoke market intelligence solution

 
We are committed to ensuring the highest level of client satisfaction
Quality Acknowledgement
Quality Acknowledgement

Our dedication to providing the most-accurate market information has earned us verification by Dun & Bradstreet (D&B). We strive for quality checking of the highest level to enable data-driven decision making for you

Unmatched Standards
Unmatched Standards

Our insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights

Reach Us
Reach Us Whenever You Need Us

With 24/7 research support, we ensure that the wheels of your business never stop turning. Don’t let time stand in your way. Get all your queries answered with a simple phone call or email, as and when required

Data Security
Complete Data Security

We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws