Published on : Nov 09, 2017
Albany, New York, November 9, 2017: In the present scenario, an eco-friendly crop production is essentially required across the world. Biostimulants are a perfect solution for this requirement because they are non-toxic and eco-friendly. It offers a powerful tool in the creation of sustainable agricultural products. Nowadays, increase in focus to surge crop productivity and quality drives the surging demand for biostimulant products in the market. The necessity to improve yield per hectare and rising food demand will also drive biostimulants market growth in the coming years. Considering these facts, Market Research Hub (MRH) has added a new research report to its wide repository which is titled as “Biostimulants Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2017 – 2025”. This 270-pages study offers a holistic outlook of the market covering market trends, factors in the current market along with industry growth prospects from 2012 to 2017, and forecast to 2025. The report also highlights opportunities in the biostimulants market at the global and regional level.
Biostimulants are biologically produced fertilizers that are used to stimulate plant development and productivity, in addition to the nourishment of agricultural products. They help to increase nutrient availability, metabolism, water holding capability of the plants and increase production of chlorophyll and antioxidants. They can be used for ornamental crops, row crops, fruits, vegetables, and turf. It has been analyzed that enhancing land fertility while boosting crop yield makes the biostimulants preferable over its synthetic counterparts. As per the study key findings, the global biostimulants market is all set to expand at a strong CAGR of 12.8% from 2017 to 2025 to become worth US$5.93 bn by 2025 from US$20.05 bn in 2016.
In the first part, the report talks about the precise market overview, including a market snapshot which provides information of various segments and sub-segments. Based on market segmentation, the study analyzes its key applications, product type, and regions. The key application includes fruits and vegetables, cereals and grains, oilseeds and pulses, and others. Major product types in this market are Humic Acid, Seaweed, Vitamins, Amino acids, Fulvic Acid, Microbial stimulant and Biorationals. At present, the climatic changes worldwide have affected yields of different food and cash crops. To overcome this problem, farmers are increasingly resorting to biostimulants. Another factor stoking growth in the market is their easy availability.
Additionally, market size and forecast for each major product and application have been provided in terms of global and regional/country markets. Geographically, the key segments of the global biostimulants market are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Europe, at present, dominates the market with maximum share. The emergence of innovative biostimulants that are highly effective in boosting yields has served to up demand in the region.
The final section of the report deals with the competitive landscape which highlights the key players that are operating in the biostimulants market along with details such as business positioning, financial standing, and SWOTs. Key players in the biostimulants market include Agriculture Solutions Inc., Agrinos, Biolchim S.p.A., Novozyme, Kelpgrow, Premier Tech Ltd., Agricen, Koppert Biological Systems, Valagro, Syngenta, Italpollina spa, and others.
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