Biostimulants Market - Industry Trends and Forecast to 2029

Market Analysis and Insights: Europe Biostimulants Market

Europe biostimulants market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing at a CAGR of 12.5% in the forecast period of 2022 to 2029 and is expected to reach USD 3,501.18 million by 2029. Increasing need for sustainable agriculture, an upsurge in demand for seaweeds as raw material, and high agricultural production worldwide may propel the market's demand.

Biostimulants are developed to help the farmers to meet increased agricultural demand on a sustainable basis. Biostimulants boost crop yield and its value, positively affecting farm productivity. Agricultural biostimulant is comprised of multiple amalgamations of chemicals, substances, and micro-organisms that are added to the plants or soils to boost crop vigor, production, sensitivity to abiotic pressure, and quality.

The increasing need for sustainable agriculture and high agricultural activities worldwide are expected to drive the Europe biostimulants market in the forecast period of 2022 to 2029. However, quality issues in manufacturing biostimulants may hamper the market's demand. Furthermore, rising awareness about biostimulants is expected to act as an opportunity for the market, whereas high demand for substitute products may challenge the market.

This Europe biostimulant market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief; our team will help you create a revenue impact solution to achieve your desired goal.

Europe Biostimulants Market Scope and Market Size :

Europe biostimulants market is categorized into seven notable segments based on active ingredients, crop type, application method, form, origin, end user, and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of active ingredients, the Europe biostimulants market is segmented into acid based, extract based, microbial amendments, protein hydrolysates, B-vitamins, chitin, chitosan, and others. In 2022, the acid based segment is expected to dominate the market as it has important components such as humic acid, fulvic acid, and it increases productivity and growth of the plant, enhances the fertility of the soil, and has less harmful effects on the ecosystem
On the basis of crop type, the Europe biostimulants market is segmented into fruits & vegetables, cereals & grains, turf & ornamentals, oilseeds & pulses, and other crops. In 2022, the fruits & vegetable segment is expected to dominate the market as the farmers produce more fruits and vegetables to fulfill consumers' growing demand.
On the basis of application method, the Europe biostimulants market is segmented into foliar treatment, soil treatment, and seed treatment. In 2022, the foliar treatment segment is expected to dominate the market is a highly preferred application by farmers as it shows more effect on the plant.
On the basis of form, the Europe biostimulants market is segmented into liquid and dry. In 2022, the liquid segment is expected to dominate the market as the leaves and soil easily absorb it to provide a good root system, better stems, and foliar development to make the crop more capable of abiotic stress.
On the basis of end-user, the Europe biostimulants market is segmented into farmers, related industries, and research institutes. In 2022, the farmers segment is expected to dominate the market as it is highly used in the farm by farmers to increase yield and growth of the crops for fulfilling the growing demand for food in the market.
On the basis of origin, the Europe biostimulants market is segmented into natural biostimulants and synthetic biostimulants. In 2022, the natural biostimulants segment is expected to dominate the market as it comprises natural sources such as seaweed and plants, microbes, and other plant material.
On the basis of distribution channel, the Europe biostimulants market is segmented into direct and indirect. In 2022, the direct distribution channel segment is dominating the market as large scale farming, as well as related industries, need a high amount of stimulating products for high productivity of agricultural products, so they directly contact with biostimulants manufacturing companies and hence it takes a higher share

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