Biostimulants Market Forecast 2018-2024 Key Profiles Analysis- Bayer, BASF, Lallemand, Valagro, Biostadt India Limited, Arysta LifeScience, Agrinos, BioVert, Koppert B.V., Itallpollina, Valagro

The tag of the latest trend in the F&B sector can be rightly awarded to organic food consumption, a fad that is slated to drive Biostimulants market. Several parameters, including but not limited to health problems, awareness regarding unhealthy eating, green innovation, environmental safety, plant conservation, etc., will lead to the growth of biostimulants industry over the course of the coming years. The governments of various geographies have been setting up numerous initiatives and providing monetary support to promote the growth of biological agrochemicals. In addition, regulatory agencies have undertaken the mammoth task of convincing farmers to adopt biostimulants in agricultural processes. For instance, the EBIC (European Biostimulants Industry Consortium) was conceptualized in 2011 with an aim to bolster the role that biostimulants play in agriculture, viz., improving product yield with minimum resources. In addition, the institute aimed to promote green innovation and sustainable agricultural production. The humongous efforts by many such regulatory bodies will catapult biostimulants market, anticipated to cross a valuation of USD 4 billion in terms of revenue and 1,200 kilo tons in terms of volume, by 2024.

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Company Profiles
1. Bayer
2. BASF
3. Lallemand
4. Valagro
5. Biostadt India Limited
6. Arysta LifeScience
7. Agrinos
8. Tradecorp International - Sapec Agrobusiness
9. Penn State College of Agricultural Sciences
10. Evergrow-ايڤرجرو
11. Ag Concepts Corporation
12. BioVert
13. Koppert B.V.
14. Itallpollina
15. Valagro
16. Cairochem
17. MICROMIX PLANT HEALTH LIMITED
18. Boilchim
19. Laboratories Goemar
20. Artal Agronutients
21. Daymsa

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.
Biostimulants industry is still in the developmental stage of progress. Nonetheless, numerous companies have been eagerly partaking in this market, including Artal Agronutrients, Evergrow, Valagro, Cairochem, Tradecorp Nutri Performance, Mahafeed Specialty Fertilizers, Seipasa SA. These firms are actively engaged in periodic mergers and acquisitions to increase their valuation in biostimulants industry share. The 2016 acquisition of Sri Biotech Laboratories India Limited by Valagro is one such instance demonstrating the action undertaken by these companies to increase their production capacities.
Companies operating in biostimulants market are required to comply with the rules and regulations defined by the U.S. Department of Agriculture (USDA). USDA’s organic certification is a tangible proof that the farm facility in question complies with the delineated USDA norms. The USDA is governed by the National Organic program (NOP) as far as the production, handling, and labelling of its approved products are concerned. In addition, the NOP maintains a manual that enlists the guidelines, instructions, and memos related to the approved standards. This lengthy product approval process is likely to pose a major hindrance to global biostimulants industry. Another restraint is the extensive expenditure on research and development activities that are undertaken by companies to expand the product line. However, despite the constraints, global biostimulants market is likely to establish a positive growth graph over the years ahead, pertaining to the fierce competition and low white space availability for patents.

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