BIOSTIMULANTS MARKET 2018 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
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BIOSTIMULANTS MARKET 2018 Biostimulants Market 2018: Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
A plant biostimulant is biological substance or extracts used as plant supplements with the aim to enhance nutrition efficiency, abiotic stress tolerance and others, regardless of its nutrients content. Furthermore, plant biostimulants also designate commercial products containing mixtures of such substances and/or microorganisms.
The quality of soil will be crucial factor crop health and crop productivity. Use of biostimulants impart additional nutrients or growth factors that are crucial in altering soil and plant metabolic activities in order to improve crop growth and yield. Biostimulants are used to restore degraded soils by regulating soil pH and help in soil management. Rising awareness organic farming and negative side effects due to use of chemical fertilizers will drive the market growth from 2017 to 2023. Globally the market for biostimulants is estimated to grow at the rate of about 11.09% from 2017 to 2023.
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BIOSTIMULANTS MARKET 2018
Intended Audience: •
Biostimulants manufacturers
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Raw material suppliers
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End users
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Retailers & wholesalers
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E-commerce companies
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Traders, importers and exporters
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BIOSTIMULANTS MARKET 2018 Regional Analysis The global biostimulants market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these Europe region dominates the market and will grow at a CAGR of 11.22%. Asia-pacific will be the fastest growing region in the biostimulants market and high growth in emerging economies such as China, India, Japan, Australia, and the Latin American countries, offers ample opportunities for expansion to major players. The rising demand for organic and clean label food & beverages in growing economies of Asia-Pacific and Latin America, especially in China and India will be the crucial factor underlining the market growth. Key Findings: •
Natural Biostimulants is projected to dominate the market and will grow at a CAGR of 11.1%
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Foliar treatment will dominate the market and grow at a CAGR of 10.4%
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Europe will continue to dominate the Global biostimulant market followed by Asia Pacific during forecast period
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Acid based dominated the active ingredient market and humic acid dominated acid active ingredient market.
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Fruits and vegetables will grow at a higher CAGR of 11.14%
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BIOSTIMULANTS MARKET 2018 Application & Major Players in this Research: Biostimulants Market Prominent Players:
BASF SE (Germany), Sapec Group (Trade Corporation International) (Spain), Arysta Life Science Limited (Japan), Isagro S.P.A (Italy), Valagro S.P.A
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