Biostimulants Market 2020 Insights, Share, Growth and Future Trends And Forecast To 2027
Category: #reports  By Sachin Pashte  Date: 2020-03-19
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Biostimulants Market 2020 Insights, Share, Growth and Future Trends And Forecast To 2027

According to report, the global biostimulants market is expected to display a positive market trend over the forecast period of 2019-2027, exhibiting a CAGR of 12.46% and a CAGR of 11.05% in terms of revenue and in terms of volume, respectively. A biostimulant is a substance which is applied to plants for enhancing its nutritional efficiency. Biostimulants help in increasing the crop yield, improving a plant’s vigor and raising tolerance to abiotic stress.

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The growing demand for organic food and rising sustainable farming help increase the adoption of biostimulants, thus, driving the growth of this market. Biostimulants have a major role to play in organic farming & gardening, and they are also witnessing healthy growth in conventional agriculture. The expanding health-conscious consumer base around the globe is opting for organic food, to avoid adverse health effects caused by chemical preservatives or genetically modified ingredients of inorganic food. In response to the consumer demand for healthy food products with minimal environmental repercussions, farmers are looking for more efficient ways to use synthetic chemicals and mineral fertilizers. Pesticides or fertilizers are not used in the production of organic food products; this has raised the demand for plant biostimulants. The need for bio-based agrochemicals and encouragement from European governments promoting sustainable agriculture are key opportunities helping the market to grow further. However, the market faces certain restraints and challenges, such as, insufficient knowledge regarding the use of biostimulants and the lack of standardization, which considerably limit the market growth. 

Regional Outlook

North America, the Asia-Pacific, Latin America, Europe and the Middle East and Africa are the regions covered by the global biostimulants market.

APAC is the fastest-growing region in the global biostimulants market. China, Japan, India, Korea and Australia are the major contributors to the growth of this region. South Korea is anticipated to be the fastest-growing country in the Asia-Pacific market during forecast period 2019-2027. The growing the importance of organic farming, need for enhanced productivity and the rising demand for high-quality agricultural products are the most significant factors that are expected to increase the use of biostimulants in the region, particularly in China, Japan and India. A number of unauthorized or local players are operating in this market, due to absence of stringent regulations. Key leading players are introducing new, innovative biostimulants and taking initiatives to spread awareness about the benefits of utilizing sustainable agriculture inputs.

Table Of Content

1. Global Biostimulants Market - Summary

2. Industry Outlook

3. Global Biostimulants Market Outlook - By Type

3.1. Acid-Based

3.1.1. Humic Acid

3.1.2. Fulvic Acid

3.1.3. Amino Acid

3.2. Extract-Based

3.2.1. Seaweed Extracts

3.2.2. Other Plant Extracts

3.3. Others

3.3.1. B-Vitamins

3.3.2. Chitin & Chitosan

3.3.3. Microbial Soil Amendments

4. Global Biostimulants Market Outlook - By Crop Type

4.1. Row Crops & Cereals

4.2. Fruits & Vegetables

4.3. Turfs & Ornaments

4.4. Other Crops

5. Global Biostimulants Market Outlook - By Application

5.1. Foliar

5.2. Soil

5.3. Seed

6. Global Biostimulants Market - Regional Outlook

7. Competitive Landscape

More Details on this Report At: https://www.marketstudyreport.com/reports/global-biostimulants-market-2019-2027?utm_source=marketforecasters&utm_medium=TS  

Competitive Outlook

The companies that have been mentioned in the biostimulants market report are Microbial Discovery Group, Verdesian Life Sciences, Agroenzymas Group, Valagro S.p.A., Tradecorp International, OMEX Agrifluids Ltd., Micromix Plant Health Ltd., Koppert B.V., Italpollina S.p.A., Brandt Consolidated, Inc., Agrinos A.S., Lallemand Plant Care, Isagro S.p.A., Arysta LifeScience Corporation (acquired by UPL) and Eastman Chemical Company.

Italpollina S.p.A. was established in the early 70s with a notion to produce fertilizers that could increase the chemical, physical and biological fertility of soil. Currently, the company has a presence in over 70 countries worldwide, with 4 production plants and 13 commercial offices. Italpollina offers a wide variety of biotechnological and certified solutions for modern and sustainable agriculture. In 2011, the company also created the biggest factory in the world for the production of biostimulants based on 100% vegetal amino acids and peptides. Italpollina S.p.A. manufactures and distributes fertilizers. It provides organic, nitrogen, phosphorus and potassium fertilizers; bio-stimulants; leaf liquid integrators; and amino acids. It offers its products under Fulet, Madeira, Phenix, ISIDE and GUANITO brand names.

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https://www.marketstudyreport.com/reports/global-biometrics-market-2019-2027?utm_source=marketforecasters&utm_medium=TS   

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About Author

Sachin Pashte

Email: [email protected]   

Sachin Pashte

Sachin is into market research and web marketing since the last 2 years and has worked on multiple projects across various industries. He has expertise in writing promotional content for market research reports while his personal interests include the games of footbal...

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