Published on 05 Dec 2019:

Meticulous Research® – leading global market research company published a research report titled “Biostimulants Market by Active Ingredient (Acid Based, Extracts based), Application (Foliar Spray, Soil Treatment, Seed Treatment), Formulation (Liquid, Dry), and Crop Type (Row Crops, Fruits and Vegetables) - Global Forecast to 2025”

According to this latest publication from Meticulous Research®, in terms of value, the global biostimulants market is expected to grow at a CAGR of 13.4% from 2019 to reach $4.47 billion by 2025; whereas, in terms of volume, this market is expected to reach 4,46,651.3 metric tons by 2025, growing at a CAGR of 12.4% during the forecast period. This market is majorly driven by 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 growing awareness about environmental safety with the use of biostimulants. However, lack of education and awareness among farmers and various challenges to new entrants and small companies hinders the growth of this market. Moreover, no standardized regulatory framework for biostimulants and scientific and technical challenge for development of biostimulants poses a great challenge to the global biostimulant manufacturers.

The global biostimulants market study presents historical market data in terms of value and volume (2017 and 2018), estimated current data (2019), and forecasts for 2025 –by active ingredient (acid based, extract based, microbial amendments, trace minerals and vitamins, and others), mode of application (foliar spray, soil treatment, and seed treatment), formulation (liquid formulation and dry formulation), crop type (row crops, fruits and vegetables, turfs and ornamentals, and others). The study also evaluates industry competitors and analyses the market at a country level.

Check complete table of contents with list of table and figures:https://www.meticulousresearch.com/product/biostimulants-market-5057/

Based on active ingredient, the global biostimulants market is segmented into acid based, extract based, microbial amendments, trace minerals and vitamins, and others. Acid based biostimulants segment is estimated to command the largest share of the overall biostimulants market in 2019. However, extract based biostimulants market is expected to witness the fastest growth during the forecast period. The fast growth of this segment is mainly attributed to the growing production and easy availability of seaweed across the globe and presence of number of plant growth-stimulating compounds in seaweed.

Based on mode of application, the global biostimulants market is segmented into foliar spray, soil treatment, and seed treatment. Foliar spray application is estimated to command the largest share of the overall biostimulants market in 2019, which is mainly attributed to its higher efficiency as compared to other modes of application as well as increasing acceptance of biological products and smart farming techniques.

Based on crop type, the global biostimulants market is segmented into row crops, fruits and vegetables, turf and ornamentals, and others. Row crops segment is estimated to hold the largest share of the overall biostimulants market in 2019. However, fruits and vegetables segment is expected to witness the significant growth during the forecast period, due to growing demand for organically managed fruits and vegetables across the globe.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Europe is estimated to command the largest share of the overall biostimulants market in 2019, followed by North America and Asia-Pacific. The large share of this region is primarily attributed to the rising concerns over harmful chemicals on environment, increasing demand for organic food, growing research and development activities on biostimulants, and presence of large number of biostimulant providers. In addition, the European Biostimulant Industry Council (EBIC) promotes the contribution of plant biostimulants to make agriculture more sustainable and resilient and in doing so promotes the growth and development of the European biostimulant industry.

Key Players:

The key players operating in the global biostimulants market are Marrone Bio Innovations, Inc. (U.S.), Biolchim SpA (Italy), Monsanto Company (U.S.), Valagro S.p.A. (Italy), Andermatt Biocontrol AG (Switzerland), Som Phytopharma India Limited (India), BioWorks, Inc. (U.S.), Novozymes, Inc. (Denmark), Koppert B.V. (the Netherlands), Isagro SpA (Italy), Italpollina SpA (Italy), Trade Corporation International (Spain), Biostadt India Limited (India), Micromix Plant Health Ltd. (U.K.), FMC Corporation (U.S.), Syngenta International AG (Switzerland), BASF Corporation (Germany), BioAtlantis Ltd. (Ireland), Omex Agrifluids Limited (U.K.), Agrinos AS (Norway), Plant Health Care plc (U.S.), Haifa Chemicals Ltd. (Israel), SICIT 2000 SpA (Italy), and EuroChem Group AG (Switzerland) among others.

Key questions answered in the report-

  • Which are the high growth market segments in terms ofactive ingredient, mode of application, formulation, crop type, and countries?
  • What is the historical market for biostimulants across the globe?
  • What are the market forecasts and estimates from the period 2019-2025?
  • What are the major drivers, restraints, and challenges in the global biostimulants market?
  • Who are the major players in the global biostimulants market and what share of the market do they hold?
  • Who are the major players in various countries and what share of the market do they hold?
  • How is the competitive landscape?
  • What are the recent developments in the global biostimulants market?
  • What are the different strategies adopted by the major players in the global biostimulants market?
  • What are the geographic trends and high growth countries?
  • Who are the local emerging players in the global biostimulants market and howdo they compete with the other players?

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