Market Research Report
Biostimulants Market Size, By Active Ingredient, By Application, By Crop, By Form, Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2017 - 2024
|Published by||Global Market Insights Inc.||Product code||555459|
|Published||Content info||280 Pages
Delivery time: 1-2 business days
|Biostimulants Market Size, By Active Ingredient, By Application, By Crop, By Form, Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2017 - 2024|
|Published: May 17, 2017||Content info: 280 Pages||
Necessity to increase crop yield to meet the rising food demand will fuel the biostimulants market growth. Regulatory initiatives and promotions to enhance agricultural production will support the industry growth. Improving nutrient availability, water holding property and plant metabolism are the key properties driving the product demand.
Expansion in the organic food industry due to its high beneficial properties are projected to drive the biostimulants market growth. Government funding including subsidies, financial aids will open new opportunities for the product demand.
Changing climatic conditions along with rising population are the major factors fueling the industry growth. Heavy R&D and product innovations to improve the overall farm productivity will propel the biostimulants market. Increasing consumer wariness about organic products, food safety and quality coupled with promotions on bio control products will propel the industry growth.
Rising agricultural production costs, profitability per acre for farmers along with environmental benefits of the product the key fueling factors of the industry growth. Low awareness among the farmers mainly in the developing nations and high research & development costs may hamper the industry growth.
Dry biostimulants market was valued over USD 1 billion in 2016. Increased product demand due to its beneficial properties including presence of beneficial bacteria, humic acid, chelated iron, soluble sea kelp, amino acids, dextrose, vitamins, and minerals will trigger the demand.
Soil treatment is set to value around USD 400 million revenue up to 2024. Enhancing nutritional value of soil, improving plant growth, maintaining pH balance & moisture, and reinstating soil microbial activity are the major factors enhancing the product scope.
Turf & ornamental crops is expected to witness growth over 10.5% up to 2024. Rising product demand from turf & ornamentals to enhance nutrient uptake, length of roots and absorption of water will propel the industry growth. Growing population, reduction in arable land are anticipated to support the biostimulants market.
Acid-based ingredient is projected to worth over USD 2 billion by 2024. Rising product demand in agriculture and horticulture as compared to extract based ingredients due to its improved efficiency and raw material availability.
Europe biostimulants market holds over 36% of overall industry share in 2016. Stringent government regulations related to food safety coupled with growing consumer preference for organic fruits & vegetables will propel the regional demand.
Asia-Pacific biostimulants market will witness CAGR at over 12.5% up to 2024. Growing food demand along with necessity to improve farm productivity will drive the industry growth in this region. Increasing preference for the bio-based products along with regulatory support for sustainable farming practices will drive the revenue growth.
MEA, driven by Saudi Arabia, Egypt and Tunisia biostimulants market will value around USD 155 million by 2024. Shift in trends towards farming practices, along with adoption of technology and additives will propel biostimulants market growth in this region. High investments, including land reclamation for various large-scale agricultural projects particularly in Egypt has enhanced the industry growth.
Global biostimulants market is at developing stage. Some of the key players are Arysta Life Science Corporation, Tradecorp Nutri Performance, Lallemand Plant care, Isagro, Valagro, Lallemand, ADAMA and Monsanto.