The “Global Biostimulants Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast” research study available with Decisiondatabases.com includes a detailed description of the market along with an evaluation on the growth trends, market drivers, opportunities and restraints of the biostimulants market. The report foresees the global biostimulants market to reach over USD 3850 Million by 2025 along with a CAGR of 9.5% from 2019-2025.The market was valued at USD 2025 Million in 2018.
Biostimulants are biological materials that are used to enhance the growth of the plant growth on application to the soil. It helps to modify the environment into fuel existing bacteria capable of bioremediation. Biostimulants are natural substances which constitute of composites that are applied to soil and plants. Biostimulants play an important role in preventing and improving the physiological processes of the crops. They are also responsible for boosting the overall growth of the plants by improving yields, crop quality and strength. Biostimulants are applied to crops in limited quantities along with other fertilizers and plant inputs.
The growth of the global biostimulants market can be attributed to the increasing awareness for crop protection and the rise in the number of fertilizer companies. The degradation of soil, the need to increase antioxidant activities, water retention capacity and chlorophyll yield, reducing the plant stress, increasing the plant metabolism, quality and weather tolerance are also few of the factors driving the growth of the global biostimulants market. Also, the decrease in arable land globally, increase in population and the rising demand for food are also acting as factors fuelling the growth of the biostimulants market globally. However, the presence of chemical pesticides, high production cost of biostimulants and regulatory work are restraints being faced by the global biostimulants market.
By crop types, the global biostimulants market is classified into row crops, fruits & vegetables and turf & ornaments where row crops covered the major market of the biostimulants industry globally. By ingredients, the global biostimulants market is segmented into acid-based biostimulants and extract-based biostimulants. Acid-based stimulants are further segmented into humic acid, fulvic acid and amino acid. Extract -based biostimulants are classified into seaweed extracts and plant extracts. Seaweed extract bio stimulants have been identified as the leading segment on the basis of ingredients of the global biostimulants market. By application, foliar, seed and soil are the segments of the global biostimulants market where foliar has been observed as the prime application type owing to the growth in enhanced farming technologies and increased biological microbes as per the research study.
North America, Europe, Asia Pacific, Latin America and Middle East & Africa are the segments on the basis of geography of the global biostimulants market where Europe was observed to be the leading region in 2018 being the shareholder for over 35% of the shares. The key players of the global biostimulants market profiled in the study are Biostadt India Limited, Valagro S.p.A, Arysta LifeScience Corporation and Koppert B.V. The report also provides information in terms of H.Q., future capacities, key mergers and acquisitions, financial overview, partnerships, collaborations and new product launches & developments.
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