Biostimulants Market Comprehensive Study 2019-2024 By Application, Active Ingredients & Key Player like Arysta LifeScience, BIOLCHIM S.p.A., Bayer, Trade Corporation, Valagro, Artal Agronutientes, Produquimica, Agrichem, StollerUSA

Asia Pacific Biostimulants Market is anticipated to surpass 150 kilotons demand by 2024. The regional agricultural sector is projected to witness steady growth and the population is largely dependent on the farming sector which offers promising opportunities for business growth. In addition, the rising necessity to increase farm fertility to meet growing food demand will facilitate regional growth.

The necessity for sustainable farming practices coupled with the scarcity of resources including water supply and land availability will propel the biostimulants market growth. Emphasis on revitalizing degraded soil along with advantages including improved nutrient uptake and plant growth will facilitate product demand over the forecast timeline.

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Focus on increasing soil fertility along with improving the farm productivity will drive the biostimulants market share. Advantages such as enhancing plant’s recovery from abiotic stresses and increasing plant tolerance will augment the industry demand. Active ingredients to produce these bio-based products that are easily available with low processing cost which in turn encourages product usage."

The increasing inclination of investors owing to significant growth potential has led to several biostimulant product developments. Factors, such as the integration of improved market access and cost-effective alternatives, will fuel business growth. Additionally, agriculture industry will be greatly influenced by biostimulants owing to the development of regulatory frameworks for the environment protection. This will positively foster fair competition and innovation while protecting farmers and consumers.

Companies Profiled based on Business Overview, Strategic Outlook & SWOT Analysis:
1. Arysta LifeScience
2. BIOLCHIM S.p.A.
3. BioVert - Engenharia Ambiental
4. BASF
5. Bayer
6. ILSA S.p.A.
7. Italpollina S.p.A.
8. Koppert Biological Systems
9. Lallemand
10. Trade Corporation
11. Valagro
12. Artal Agronutientes
13. Agrinos
14. Laboratoires Goëmar
15. Micromix Plant Health Ltd
16. Ag Concepts Corporation
17. Produquimica
18. Agrichem
19. StollerUSA

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Acid-based ingredients dominate the industry accounting for over 50% share by 2024. Humic acid sales contributes extensively towards business growth. This is majorly due to the fact that it stimulates organisms’ natural growth in soil and surges energy absorption capacity through photosynthesis process in plants. High yield, better nutrient absorption, extended shelf life, and rise in resistance to plant infection, will increase its acceptance in the organic food business, thereby supporting business growth.

Biostimulant sales is attributed to foliar spray segment since foliar feeding serves as a timely measure to prepare the crops for expected abiotic and biotic stress, such as heat stresses, drought or chill. Increased yield, better flavor, extended shelf life, higher test weight on grains and improved animal performance are some of the key factors augmenting the biostimulants market growth.

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Row crops segment is expected to register the highest growth during the forecast timeframe. This growth can be attributed to factors such as high production of oil seeds and food grains coupled with sustainable farming practices prompting the segment growth. High water absorption capacity and increased root length for efficient nutrient uptake along with healthy and strong crop appearance will positively impact the product penetration.

Europe accounts for the largest share in the overall business with Spain accounting for majority of the sales. Key factors including rapid advancements in the agricultural & organic food domain, high-quality food demand, and evolving technology in water & soil treatment are proliferating the business growth. Additionally, increasing requirement and growing awareness regarding major field crops and fruits such as pears, apples, peaches, corn, and cotton will drive the regional share.

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