Bayer, BASF Profiled in Biostimulants Market 2018-2024 | Prominent Players – Lallemand, Valagro, Biostadt India Limited, Arysta LifeScience, Agrinos, Evergrow-ايڤرجرو, Ag Concepts Corporation, BioVert, Koppert B.V., Itallpollina, Valagro, Cairoch

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

Browse key industry insights spread across 280 pages with 306 market data tables & 13 charts & figures from the report, “Biostimulants Market Size, By Active Ingredient (Acid Based, Extract Based), By Application (Foliar Treatment, Soil Treatment, Seed Treatment ), By Crop (Row Crops, Turf & Ornamentals, Fruit & Vegetables), By Form (Dry, Liquid) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Ukraine, Kazakhstan, Turkey, Bulgaria, Greece, Russia, China, India, Japan, Australia, Brazil, Argentina, Mexico, Saudi Arabia, Egypt, Tunisia, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/biostimulants-market

Europe has long since been a pioneer as far as the deployment of advanced techniques for agricultural processes is concerned. It comes as no surprise therefore, that this continent is one of the foremost regions that will contribute positively to the growth of biostimulants industry. Numerous regulatory bodies have enforced stringent rules with regards to food safety and hygiene in this continent, which will propel the regional market over the coming years. In addition, the continent is witnessing shifting consumer trends toward for chemical free fruits & vegetables. On these grounds, Europe biostimulants market will grow significantly over the years ahead, having held more than 36% of the total revenue share in 2016.
Biostimulants are also used for foliar treatments, on account of the increasing acceptance of high grade

Ornamental plants, on the other hand, are primarily used in commercial nurseries, sports turf, home gardens, and golf courses for the purpose of leisure and status affiliated brandishing. Turf & ornamentals held more than 11% of the overall biostimulants market share in 2016, and are likely to exhibit a positive growth rate over 2017-2024. Rising expenditure on pleasure gardening is one of key factors driving the segment growth.
MEA is one the lucrative emerging regions contributing toward the growth of biostimulants industry. This is primarily due to the rise in the production of nontraditional crops that are being exported to the developed economies such as U.S. and Europe. The rising need to promote the export of these crops will increase the demand for biostimulants. Essentially influenced by Tunisia, Egypt, and Saudi Arabia, MEA biostimulants market, thus, will generate more than USD 155 million by 2024.

These products are majorly available in liquid and dry forms. Of the two, biostimulants industry from dry formulation was valued at USD 1 billion in 2016, subject to easy handling and transportation. Dry formulations also ensure delayed plant aging, cell division, plant respiration, improved lateral bud development, and photosynthesis. Furthermore, this segment has a wider application landscape, on account of which biostimulants market from dry formulation will witness massive growth potential over 2017-2024.
While liquid formulation does not exactly offer the advantages like that of its counterpart, it is still deployed heavily, owing to its elongated shelf life and comparatively low labor costs. Biostimulants industry from liquid formulation is projected to observe a CAGR of 12% over 2017-2024, and will open up lucrative opportunities for business players to invest heavily in this market in the years ahead.

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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