Global biostimulants market has shown strong growth pattern in recent years majorly due to the growing need to increase crop yield and quality, growing organic farming and demand for organic food, wide range of benefits of biostimulants in crop production, and rising awareness about environmental safety with the use of biostimulants. In addition to this emerging geographies like Asia Pacific and Latin America have shown great potential for organic farming which ultimately helps the biostimulants market to grow further. —
Meticulous Research® in its latest publication on Biostimulants Market states that the global biostimulants market will increase at a CAGR of 12.7% from 2017 to 2022 to reach $3,040.3 million by 2022. Wherein, geographically, Europe holds the largest share in this market followed by North American region. The largest share of Europe in this market is attributed to the rising concern over harmful chemicals on environment, increasing demand for organic food, rapid development & innovation in biostimulants, and presence of large number of biostimulant providers. However, Asian countries are slated to register the fastest growth, at a CAGR of 14.0% during the forecast period, primarily due to large area under agriculture cultivation, rising need to increase the crop yield and quality, increasing demand for organic food, and various government initiatives to develop and increase application of biologicals in the region.
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The report provides meticulous analysis of global biostimulants market by segmenting it on the basis of active ingredients (acid based, extracts based, microbial amendments, trace minerals and vitamins, and others), application (foliar spray, soil treatment, and seed treatment), formulation (liquid formulation and dry formulation), and crop type (row crops, fruits and vegetables, turfs and ornamental, and others).
Among active ingredients, acid based biostimulants hold largest share in this market attributed to their wide range of benefits to the plant, higher efficiency, and easy availability. While in terms of application, foliar spray is the most preferred way of biostimulant application cited to its efficiency over the other application methods. In terms of form, liquid biostimulants commanded the largest share global biostimulants market which is mainly attributed to higher effective duration (up to 6 months) as compared to that of dry formulation (up to 3 months), as well as their better performance over dry formulation.
The key players analyzed in the global Biostimulants Market are BASF SE, Valagro SpA, Biolchim S.p.A., Marrone Bio Innovation, Monsanto Company (Part of Bayer), Trade Corporation International (Part of Sapec Group), Plant Health Care PLC, Syngenta (Subsidiary of ChemChina), Biostadt India Limited, Andermatt Biocontrol AG, BioWorks, Inc., Novozymes, Inc., Koppert B.V., Italpollina S.p.A., Micromix Plant Health Ltd., Arysta LifeScience Corporation (Subsidiary of Platform Specialty Products Corporation), FMC Corporation, Bioatlantis Ltd, Omex Agruifluids Limited (Subsidiary of Omex Group), Haifa Chemicals Ltd., Agrinos AS, Camson Bio Technologies Limited, Som Phytopharma India Limited, EuroChem Group AG, and SICIT 2000 SpA.
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Key Topics Covered in This Report:
2. Research Methodology
3. Executive Summary
4. Market insights
5. Global Biostimulants Market, by Active Ingredients
6. Global Biostimulants Market, by Mode of Application
7. Global Biostimulants Market, by Formulation
8. Global Biostimulants Market, by Crop Type
9. Geographic Analysis
10. Competitive Landscape
11. Company Profiles
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Release ID: 401498