Press release
Biostimulants Market 2024: Global Industry Top Key Players – Tradecorp Nutri Performance, Evergrow, Artal Agronutrients, Seipasa SA, Valagro and Cairochem, Bayer, BASF, Cairochem
Biostimulants Market size is projected to exceed USD 4 billion by 2024; according to a new research report.
Necessity for sustainable farming practices along with resource scarcity including land and water supply will propel the biostimulants market growth. Positive outlook on rejuvenating degraded soil along with benefits including plant growth, improved nutrient uptake will facilitate product demand.
Rise in consumer spending on organic food along with increase in consumer affordability are key trending factors driving biostimulants market growth. Global organic food spending was over USD 85 million in 2016, increasing at over 17% every year.
Foliar treatment dominated the application segment and generated over USD 1.4 million in revenue for 2016. High efficiency and ease in applying will remain key factors driving product penetration in this segment.
Extract based ingredients will see over 10% gains. Improving root growth and seed germination play vital role in fueling product demand. Other key ingredient includes and microbial, chitin &chitosan, and trace minerals.
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Europe biostimulants market accounted for over 36% of the overall industry share in 2016. Shift in consumer preference towards organic agro-products along with stringent food safety regulations are the factors fueling growth.
Asia Pacific, led by China and India biostimulants market is the fastest growing region with growth over 12.5% through to 2024. High agricultural contribution in the economy has led to favorable government regulations promoting ecofriendly agricultural practices.
MEA will be worth more than USD 155 million valuation by 2024. Rising exports of non-traditional crops to U.S. and Europe will play a vital role in stimulating growth. Unsuitable climatic conditions including non-predictable drought, floods and intense heat are driving biostimulants demand.
Global industry share is at budding stage. Tradecorp Nutri Performance, Evergrow, Artal Agronutrients, Seipasa SA, Valagro and Cairochem are the notable industry players. Mergers &acquisitions, supply agreements and joint ventures are the major strategies adopted by the multinational companies.
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Table of Content:
Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope, definitions & forecast parameters
1.2. Data sources
1.2.1. Secondary
1.2.2. Primary
Chapter 2. Executive Summary
2.1. Biostimulants market 360 degree synopsis, 2013 -2024
2.1.1. Business trends
2.1.2. Active ingredient trends
2.1.3. Application trends
2.1.4. Crop trends
2.1.5. Form trends
2.1.6. Regional trends
Chapter 3. Biostimulants Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Raw material suppliers
3.3.2. Manufacturers
3.3.3. Distributors
3.4. Distribution channel analysis
3.5. Vendor matrix
3.6. Comparative analysis on biostimulants vs stimulants
3.7. Comparison of biostimulants with respect to other bio input (biofertilizer, biopesticides)
3.8. Comparative analysis on biofertilizer vs biopesticides vs biostimulants
3.9. Comparative analysis of biological agent in seed application
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