According to Goldstein Research, global biostimulant market is expected to reach USD 4.2 billion by 2024, growing at a CAGR of 11.0% over the forecast period 2016-2024.The increasing yield per hectare owing to rising population and continuous growing food demand is major driving force for the growth of global biostimulant market. Global biostimulant market segmentation has been carried out on the basis ofactive ingredients type and crop type.Based on active ingredient, seaweed and plant extracts has gained significant traction in past few years owing to ability to improve abiotic & biotic tension tolerance as well enhance the growth of roots and seeds. Global biostimulant market is dominated by Europe where the market is growing at a growth rate of 10% and it is expected to continue its dominance over the forecast period i.e. 2016-2024. More than 3 million hectares of agricultural land is treated with biostimulants in Europe every year. Asia-Pacific biostimulant market valued USD 0.68 billion in 2016 and is estimated to surpass USD 1.5 billion by 2024.
Biostimulants market is growing quickly due to government regulation for the adoption of green fertilizers as biostimulants make conventional fertilizers work better without affecting the environment.
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Market Segmentation
On the basis of our in-depth analysis, Global Biostimulant market can be segmented as follows:
By Active Ingredients
o Organic Acids
o Amino Acids
o Seaweed Extracts
o Plant Extracts
o Microbials
By Crop Type
o Row Crops & Cereals
o Fruits & vegetables
o Turf & Ornaments
o Other Crops
By Region
o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
“Global Biostimulants Industry Analysis” contains detailed overview of the global biostimulant market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by active ingredients type and by crop type.
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Further, for the in-depth analysis, Global Biostimulant market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as ValagroS.p.A, ArystaLifeScience, Agrinos, BASF, Biostadt, Isagro, Italpollina, Tradecorp International, Koppert B.V.,etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global biostimulant market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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