How Biostimulant Market improves agriculture industry- Market Analysis Grow at a CAGR 12.7% from 2017 to 2022
The global biostimulants market is mainly segmented by active ingredients (acid based, extracts based, microbial amendments, trace minerals and vitamins, and others), by application (foliar spray, soil treatment, seed treatment), by formulation (liquid formulation and dry formulation), and by crop type (row crops, fruits and vegetables, turfs and ornamental, others).
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The global biostimulants market is mainly driven by the growing need to increase crop yield and quality, growing organic farming and demand for organic food, and wide range of benefits of biostimulants in crop production. Moreover, growing awareness about environmental safety with the use of biostimulants has further led the growth of biostimulants market globally.
However, lack of education and awareness among farmers, and various challenges faced by new entrants and small players restraints the growth of biostimulants market. Also, unavailability of standardized regulatory framework for biostimulants and scientific & technical challenges for development of biostimulants challenges the growth of this market to some extent.
Acid based biostimulants dominated the global biostimulants market, owing to their wide range of benefits to the plant, higher efficiency, and easy availability. However, extract based biostimulants is expected to witness significant growth in the next 5-10 years.
Scope of the Report
Market by Active Ingredients:
• Humic Acid
• Amino Acid
• Fulvic Acid
• Seaweed Extract
• Other Botanical Extracts
• Microbial Amendments
• Trace Minerals and Vitamins
Market by Mode of Application:
• Foliar Spray
• Soil Treatment
• Seed Treatment
Market by Formulation:
Market by Crop Type:
• Row Crops
• Fruits and Vegetables
• Turfs and Ornamentals
Market by Geography:
• North America
• Rest of Europe
• Rest of Asia-Pacific
• Rest of World
• Latin America
• Rest of Latin America
• Middle East and Africa
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