Biostimulants Market Sales, Trend, Region Forecast and Manufacturers in 2017-2024

Global Biostimulants Market Size, Status and Forecast 2024 to its research database.Necessity to improve yield per hectare and rising food demand will drive Biostimulants Market growth. As per UN, food production is required to be increased by 50% by 2024 due to the rising population. Global population was over 7.4 billion in 2016 and is expected to reach 9.2 billion by 2050.

Favorable regulations regarding organic farming have positively influenced biostimulants usage. Globally, chemical fertilizers are widely used to enhance crop productivity. However, chemical agrochemicals lead to groundwater and water bodies pollution, in addition to getting stored in plants. Environmental institute as well as government promotions to switch over to organic farming will drive the demand. Improper application of synthetic manures has led to the contamination and pollution of the soil, contaminated water basins, destroyed friendly insects and micro-organisms, making the yield more susceptible to diseases and low soil fertility.

Government, agencies and various organizations across globe have been working to encourage farmers for adopting biostimulants. For instance, In June 2011, the European Biostimulants Industry Consortium (EBIC) was formed. The objective of the institute is to foster biostimulants role in agriculture to improve yield with less resources. Sustainable agricultural production, economic growth, and green innovation were the major aims.

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Key Manufacture Covers in this report:

Cairochem, Mahafeed Specialty Fertilizers, Artal Agronutrients, Valagro
Extract based ingredient was valued over USD 550 million in 2016 and will witness growth over 10.5% CAGR up to 2024. Providing benefits in terms of advanced soil structure and aeration, attractive seed germination, growing biotic & abiotic tension tolerance along with increased root growth are key factors fueling the biostimulants market. Other active ingredient includes chitin & chitosan, and microbial and trace minerals.

Scope of Report:

Biostimulants market size from row crops is projected to surpass USD 2 billion by 2024. High production of food grains and oilseeds will foster industry growth in this segment. Surge in sustainable farming practices due to limited land and water availability are major reasons impacting product penetration.

Turf and ornamental crops will account over 10.5% of the industry share by 2024. Uplifting nutrient uptake, increasing the roots length and water absorption capacity along with strong and healthy crop appearance has positively influenced industry growth.

Europe biostimulants market accounted for over 36% of the total industry share in 2016. Stringent regulations pertaining to food safety along with rise in consumer preference for chemical free fruits & vegetables will drive regional industry growth.

Biostimulants Market, By Active Ingredients

Acid based
Extract based
Others

Biostimulants Market, By Application

Foliar treatment
Soil treatment
Seed treatment

Biostimulants Market, By Crop

Row crops
Fruits &vegetables
Turfs &ornamentals
Others

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What Information does this report contain?

 What was the historic market data from 2013 to 2016, what is the industry growth forecast from 2017 to 2024?
 A detailed analysis of regulatory trends, growth drivers, industry pitfalls, challenges and opportunities for participants
 Which are the leading market products, applications & regions and how will they perform by 2024?
 What are the technology & innovation trends, how will they evolve by 2024?
 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

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