Press release
Biostimulants Market is anticipated to flourish at notable CAGR of 15.0 % By 2024
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Biostimulants are a microorganism when applied to seeds, plants, or the rhizosphere, foster plant development in many demonstrated ways throughout the crop lifecycle, from seed germination to plant maturity. Biostimulants also enhance the plant’s ability to absorb nutrients so it can develop properly. The global Biostimulants market reached a market valuation of USD 322.7 Billion in 2018 and is estimated to grow at a CAGR of 15.0% during the forecast period, i.e., 2019-2024.
Market Insights
Growth Drivers – Biostimulants Market
Growing Need to Maximize Crop Yield
The agriculture sector is beginning to avoid usage of chemical pesticides in agriculture as they have realized the effects of chemicals on soil fertility and water quality. Owing to overconsumption of chemical fertilizers, the condition of soil has been deteriorating worldwide, lowering crop yields, crop quality, and exacerbating harvest uncertainty. Farmers across the globe are realizing the potential of Biostimulants and are increasingly welcoming Biostimulants in agriculture. In order to maximize profit, farmers are using Biostimulants to increase yield in terms of weight, seed, and fruit set.
Rising Food Scarcity
According to United Nation report, the current world population of 7.6 billion is expected to reach 8.6 billion in 2030, 9.8 billion in 2050, and 11.2 billion in 2100. With a rising population, the chances for food scarcity is also rising and to tackle this threat; governments are encouraging usage of environment-friendly fertilizers and plant nutrition. Governments are offering subsidies to farmers for using biofertilizers, which in turn bolstering the growth of global Biostimulants market. The rising popularity of modern agriculture techniques such as hydroponics, aquaponics, vertical farming, and other controlled environment agriculture methods is encouraging the growth of global Biostimulants market.
Barriers – Biostimulants Market
Weak law infrastructure to ensure the usage of eco-friendly and presence of alternatives such as chemical pesticides are several significant challenges confronting the growth of global Biostimulants market.
Market Trends – Biostimulants Market
Product Innovation
Manufacturers are spending significant capital on advancements of their stimulants. Use of Biostimulants is the fastest growing area in crop protection, and manufacturers are continually advancing their Biostimulants to capture maximum demand opportunity in the market. For instance, a Canadian company ASL developed seaweed-based Biostimulants to help farmers raise their agricultural output in India.
Segmentation
By Type
- Acid-based Biostimulants
- Seaweed and Plant Extracts
- Microbial Biostimulants
- Others
By Crop Type
- Food Crops
- Cash Crops
- Plantation Crops
- Horticulture Crops
By Application
- Foliar
- Soil
- Seed
By Geography
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive Landscape
The report profiles various major market players such as
AXEB BIOTECH SL
Sonar Agro
Lida Plant Research S.L.
Sherriff Grass Care
Haifa Group
Hi Tech Ag Solutions
Acadian Seaplants Ltd.
Bioiberica S.A.U.
OMEX
Kelpak
Other Major & Niche Players
Browse Full Report With TOC@ https://www.fastmr.com/report/53/biostimulants-market
Table of Content
Research Methodology
Market Definition and List of Abbreviations
Executive Summary
Growth Drivers & Issues in Global Biostimulants Market
2.1. North America
2.2. Europe
2.3. Asia Pacific
2.4. Europe
2.5. Middle East & Africa
Global Biostimulants Market Trends
Opportunities in Global Biostimulants Market
Recent Industry Activities, 2018
Porter's Five Forces Analysis
Macro-Economic Trends
PEST Analysis
Market Value Chain and Supply Chain Analysis
Global Biostimulants Market Value (USD Million), 2018-2024
Global Biostimulants Market Segmentation Analysis, By Type
11.1. Introduction
11.2. Market Attractiveness, By Type
11.3. BPS Analysis, By Type
11.4. Acid-based Biostimulants Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
11.5. Seaweed and Plant Extracts Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
11.6. Microbial Biostimulants Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
11.7. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
Global Biostimulants Market Segmentation Analysis, By Crop Type
12.1. Introduction
12.2. Market Attractiveness, By Crop Type
12.3. BPS Analysis, By Crop Type
12.4. Food Crops Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
12.5. Cash Crops Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
12.6. Plantation Crops Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
12.7. Horticulture Crops Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
Global Biostimulants Market Segmentation Analysis, By Application
13.1. Introduction
13.2. Market Attractiveness, By Application
13.3. BPS Analysis, By Application
13.4. Foliar Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
13.5. Soil Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
13.6. Seed Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
Geographical Analysis
14.1. Introduction
14.2. North America Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
14.2.1. By Type
14.2.1.1. Introduction
14.2.1.2. Market Attractiveness, By Type
14.2.1.3. BPS Analysis, By Type
14.2.1.4. Acid-based Biostimulants Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
14.2.1.5. Seaweed and Plant Extracts Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
14.2.1.6. Microbial Biostimulants Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
14.2.1.7. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
14.2.2. By Crop Type
14.2.2.1. Introduction
14.2.2.2. Market Attractiveness, By Crop Type
14.2.2.3. BPS Analysis, By Crop Type
14.2.2.4. Food Crops Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
14.2.2.5. Cash Crops Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
14.2.2.6. Plantation Crops Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
14.2.2.7. Horticulture Crops Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
14.2.3. By Application
14.2.3.1. Introduction
14.2.3.2. Market Attractiveness, By Application
14.2.3.3. BPS Analysis, By Application
14.2.3.4. Foliar Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
14.2.3.5. Soil Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
14.2.3.6. Seed Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
14.2.4. By Country
14.2.4.1. Market Attractiveness, By Country
14.2.4.2. BPS Analysis, By Country
14.2.4.3. U.S. Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
14.2.4.4. Canada Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
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