2018 – 2024 Biostimulants Market | Type | Size | Share | Application

A Research Report On Biostimulants Market Comprising Of Market’s Current And Future Trends
Changing aspects of Biostimulants market
The global biostimulants market are growing at a substantial rate due to following factors-
• High demand of food globally which requires to increase the yield per hectare too
• Biostimulants usage will reduce the abiotic stress in the plants which increase biostimulants demand.
• And with increasing favorable government aids and grants the use of biostimulants is indeed increasing the demand of biostimulants.
However, high R&D cost and awareness dearth will hinder the growth of biostimulants market.

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Market summary:
Some of the key strategies adopted by the market players are agreements, collaborations, acquisitions and partnerships. Biostimulants market is highly dependent on raw crops such oilseeds, pulses and cereals which accounts for majority of cropped land for application of biostimulants. For e.g. in 2013, Becker Underwood was acquired by BASF for enhancing its crop protection business while in 2012, Agraquest was acquired by Bayer Crop science for accepting its technology for green products.

Regional analysis:
Europe holds the dominating position in the global biostimulants market owing to rapid development of advanced biostimulants in countries such as UK, Italy and France.
Asia-Pacific region is next in line and also the fastest growing in countries such as Japan, India, China and Korea contributing the largest revenue share owing to demand for organic products and high quality of agricultural products.

Some of the key players in global biostimulants market are
• Novozymes A/S (Denmark)
• BASF SE (Germany)
• Isagro SpA (Italy)
• Valagro SpA (Italy)
• Platform Specialty Products Company (U.S.)
• Italpollina SpA (Italy)
• Sapec Group (Portugal)
• Biostadt India Ltd (India)
• Koppert B.V. (the Netherlands)
• Biochim SpA (Italy)

Notable market development:
Syngenta and Valagro had an agreement to supply biostimulants for the seed treatment in 2017.

The global biostimulants market is divided into followed categories-
By type
• Acid-based
o Amino Acid
o Humic Acid
o Fulvic Acid
• Extract-based
o Seaweed Extracts
• Others
o Microbial Soil Amendments
o B-Vitamins
o Chitin & Chitosan
By crops
• Turf and Ornamentals
• Row Crops and Cereals
• Fruits and Vegetables

By application
• Seed
• Foliar
• Soil
By geographical regions
• North America
• Latin America
• Europe
• The Middle East & Africa
• Asia-Pacific

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This release was published on openPR.