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Biostimulants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Biostimulants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

  • April 2020
  • 106 pages
  • ID: 5889846
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The global biostimulants market reached a value of US$ 2.5 Billion in 2019. Biostimulants refer to microbe-based agricultural chemicals that are used to promote plant growth organically. They are manufactured using various active ingredients, including humic and fulvic acids, seaweed extracts, amino acids, vitamins, trace minerals, polysaccharides and microbial amendments. They are applied to the soil, seed or leaves of cereals, grains, fruits, vegetables, oilseeds and other plantation crops to enhance the nutrient availability, tolerance to environmental stresses, water holding capacity, metabolism and production of chlorophyll. They also increase the antioxidant activity and stimulate root development and cell enlargement in the plant.

The thriving agriculture industry, along with the increasing adoption of organic farming practices, is among the key factors driving the market growth. Owing to the rising concerns regarding agricultural sustainability, soil health and environmental safety, biostimulants are increasingly being used along with organic manure to improve soil fertility and plant health. Rising consumer awareness regarding the adverse effects of chemically synthesized pesticides and fertilizers is also providing a boost to the market growth. Biostimulants have a low ecological footprint, non-toxic nature and do not contaminate the soil, which is leading to their widespread adoption. Furthermore, the rising demand for food as a result of the rapidly increasing global population, coupled with the limited availability of cultivable land, is acting as another growth-inducing factor. Biostimulants aid in enhancing the crop yield, thereby meeting the steadily rising food demand across the globe. Other factors, including various innovations in the field of agricultural sciences and extensive research and development (R&D) activities, are projected to drive the market further. Looking forward, the analyst expects the market to reach a value of US$ 4.8 Billion by 2025, registering a CAGR of 11.5% during 2020-2025.

Breakup by Product Type:
Acid-based
Humic Acid
Fulvic Acid
Amino Acid
Extract-based
Seaweed Extract
Other Plant Extracts
Others
Microbial Soil Amendments
Chitin & Chitosan
Others

Breakup by Crop Type:
Cereals and Grains
Fruits and Vegetables
Turf and Ornamentals
Oilseeds and Pulses
Others

Breakup by Form:
Dry
Liquid

Breakup by Origin:
Natural
Synthetic

Breakup by Distribution Channel:
Direct
Indirect

Breakup by Application:
Foliar Treatment
Soil Treatment
Seed Treatment

Breakup by End-User:
Farmers
Research Organizations
Others

Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Agrinos AS, Adama LTD., BASF SE, Bayer, Biolchim SpA., Biostadt India Ltd., Isagro, Italpollina SpA, Koppert B.V., Novozymes, Syngenta, Valagro SpA, etc.

Key Questions Answered in This Report:
How has the global biostimulants market performed so far and how will it perform in the coming years?
What are the key regional markets?
What is the breakup of the market based on the crop type?
What is the breakup of the market based on the form?
What is the breakup of the market based on the origin?
What is the breakup of the market based on the distribution channel?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end-user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global biostimulants market and who are the key players?
What is the degree of competition in the industry?

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