Biostimulants Market Growth Prospects and Outlook 2021- BASF; Bayer CropScience; Novozymes A/S; Koppert Biological Systems; Verdesian Life Sciences

Biostimulants Market 2021 report helps the clients to take business decisions and to understand strategies of major players in the industry. The report also calls for market- driven results deriving feasibility studies for client needs. Market Insights Reports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time scenario.

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Top leading Companies Profiled in Biostimulants Market Report are BASF; Bayer CropScience; Novozymes A/S; Koppert Biological Systems; Verdesian Life Sciences; Lallemand Plant Care; Valagro; Syngenta; Novozymes A/S; Valagro SpA; Isagro S.p.A.; Agrinos; Biolchim SPA; Premier Tech Ltd.; Agriculture Solutions Inc.; West Coast Marine Bio-Processing, Corp.; Italpollina S.p.A; Agricen; UPL; Koppert Biological Systems; Kelp Products International; Haifa Group

The global biostimulants market is expected grow from $2.36 billion in 2020 to $2.88 billion in 2021 at a compound annual growth rate (CAGR) of 22%.

Markets Segmentation:

1) By Chemical Origin : Natural ; Biosynthetic Biostimulants 2) By Active Ingredient : Humic Acid; Fulvic Acid; Amino Acids; Protein Hydrolysates; Seaweed Extracts; Others 3) By Application : Foliar; Soil ; Seed; Others

Regional Analysis:

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

Market Overview

The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $4.82 billion in 2025 at a CAGR of 14%.

The biostimulants market consists of the sale of biostimulants and related services. Biostimulants are substances or microorganisms which enhance the plant growth when applied in small amounts by increasing the nutrient absorbency rate of the plants without any adverse effect on the plants. It helps the plant to tolerate abiotic stress and also increases crop productivity.

The growth of sustainable agriculture is expected to drive the growth of the biostimulant market. There is an increased focus on sustainable agriculture due to deteriorating factors such as soil degradation, water scarcity, climate change, and also the burden to produce high crop yield to meet the demand. In sustainable agriculture, the use of artificial products like fertilizers and pesticides is prohibited since it degrades soil and harms the environment. Biostimulants on the other side increase the simulation power of the plants to absorb nutrients and help in handling the abiotic stress. The United Nations sustainable development goals for 2030 has a special focus on sustainable agriculture. The use of biostimulants to grow crops free of pesticides and fertilizers also help in growing crops under unusual conditions. According to the study on biostimulants and their role in improving plant growth under abiotic stresses published in November 2019, a biostimulant CROP+, when incorporated into tomato plants in water stress conditions through foliar, caused increased indices in tomato plant due to the antioxidants. The use of biostimulants helps grow various crops under stress conditions, supporting sustainable agriculture, and thereby drive the biostimulants market.

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News and Latest Update

In April 2019, Italpollina Inc., an Italy-based biotechnology company, has acquired Horticultural Alliance Inc. for an undisclosed amount. This transaction helps Italpollina Inc. to enter the landscape and nursery market in North America. Horticultural Alliance Inc. is a Florida based company that provides organic products such as water management gels, biostimulants, and beneficial bacteria for plant growth and maintenance.

Key Takeaways from Biostimulants Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Biostimulants market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – Biostimulants market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Biostimulants

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In conclusion, the Biostimulants market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Biostimulants Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

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