Press release
Biostimulants Market To Grow In Value As Demand Soars At A CAGR Of 14.1% To Reach $3.79 Billion By 2023
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The Global Biostimulants Market is accounted for $1.50 billion in 2016 and expected to grow at a CAGR of 14.1% to reach $3.79 billion by 2023. The market is expected to grow gradually due to growing importance for organic products in agriculture industry. Rising government funding and increasing concerns regarding sustainable agriculture has broaden the scope for biostimulant manufacturers. On the other hand, huge R&D costs and lack of awareness about biostimulants products are inhibiting the market growth.
Foliar application segment accounted for the largest market share throughout the forecast period. Acid-based biostimulants segment commanded the largest market share, because raw materials for these biostimulants are obtained easily and highly efficient compared to other ingredients. Based on crop type, Row crops segment dominated the market followed by fruits & vegetables segment. Europe accounted for the largest share of the global market followed by North America. Asia Pacific region is expected to be the fastest growing market due to the strong demand to improve crop productivity of cereals and oilseeds within the agricultural practices.
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Some of the key players in Global Biostimulants Market are Agrinos AS, Atlantica Agricola, Biostadt India Ltd, Brandt Consoliated Inc, Ilsa SPA, Isagro S.P.A., Italpollina SPA, Koppert B.V., Laboratoires Goemar S.A.S, Micromix Plant Health Ltd, Omex Agrifluids Ltd, Taminco, Tradeecorp Internationals, Valagro SPA, Arysta Lifescience Corporation and Lallemand Plant Care.
Crop Types Covered:
Fruits & Vegetables
Turf & Ornamentals
Row Crops & Cereals
Other Crop Types
Active Ingredients Covered:
Extract-Based
Seaweed Extracts
Other Plant Extracts
Acid-Based
Amino Acid
Fulvic Acid
Humic Acid
Other Active Ingredients
Chitin & Chitosan
Microbial Soil Amendments
B-Vitamins
Protein Hydrolysates
Applications Covered:
Soil
Seed
Foliar
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Forms Covered:
Liquid formulation
Dry formulation
Brands Covered:
Auxym-Italpollina SAP
Ratchet-Novozymes A/S
Maxicrop-Valagro SAP
Pilatus-Arysta Lifescience Corporation
T-Wave-Valagro SAP
Torque-Novozymes
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt
What our report offers:
Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements
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