Some of the major players in the biostimulants market comprise Bayer AG, BASF SE, Valagro, Italpollina spa, Arysta LifeScience Limited, Biovert S.A., ILSA spa, Agrinos, Koppert B.V., and Biostadt India Limited. These players are set to bolster the global biostimulants market to new heights in the years to come.
According to the experts at Zion Market Research, the global biostimulants market was capitalized at USD 1.56 Billion in 2015. The biostimulants market is anticipated to cross USD 2.81 Billion by 2021 and is expected to develop at a CAGR of 10.2 % from 2016 to 2021.
Increasing Food Demand All Over The World To Boost The Biostimulants Market
As per analysts at Zion Market Research, the biostimulants market is majorly boosted by increasing food demand all over the world and requirement to elevate crop yield per hectare in the years to come. Factors such as extensive applications and raw material availability in row crops such as cereals and oilseeds for its well-organized stress response technique are expected to boost the global biostimulants market in the years to come. In addition to this, rising government grants and funding promote the employment of biostimulants products. On the other hand, the primary limitation for biostimulants market is the shortage of awareness amongst the users.
However, various mergers and acquisitions in the market are set to bolster the development of biostimulants market in the years to come. For instance, in November 2015, Valagro concluded the acquirement of Sri Biotech laboratories India Limited and elevated its status as an international company, boosting the biostimulants market.
Biostimulants Market Anticipated To See Major Development In Up-And-Coming Nations
Active ingredient section comprises fulvic, humic, amino acid, seawood, vitamins, and others. Seaweed was a top section amongst the other energetic ingredients in 2015 in the global biostimulants market. The primary factors boosting the development in employment of the seawood extract sections comprise easy availability and higher efficiency of raw materials. Based on the application technique, the biostimulants market is classified into soil, foliar, and seed. On the basis of crop type, the global biostimulants market is divided into fruits & vegetables, row crops, and other crops including turfs & ornamentals. Row crops section is hoped to see sturdy development in years to come due to fortified crop yield during unfavorable conditions such as intense drought and heat.
The biostimulants market is anticipated to see major development in up-and-coming nations, owing to increasing environmental awareness of biostimulants and increase in income levels. In 2015, Europe ruled the global biostimulants market and added up for more than 34% market share. The rising consumers need towards employment of eco-friendly goods and increasing food requirement is promoting the development of the biostimulants market in the area. North America is anticipated to see stable development, while Europe is anticipated to see moderate development in the years to come for biostimulants market.
This review is based on a report by Zion Market Research, titled “Biostimulants Market by Active Ingredient (Humic acids, Fulvic Acids, Seaweed, Microbials, Trace Minerals, Vitamins, and Amino acids), by Application Method (Foliar, Soil, and Seed), by Crop Type (Row crops, Fruits & vegetables, Turfs & Ornamentals, Other Crops) – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2015 – 2021”
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The global biostimulants market is segmented as follows:
By Active Ingredient
- Humic acids
- Fulvic Acids
- Trace Minerals
- Amino acids
By Crop Type
- Row crops
- Fruits & vegetables
- Turfs & ornamentals
- Other crops
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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