Published on : Nov 28, 2017
ALBANY, New York, November 28, 2017: The repository of ResearchMoz.us now contains an up to data business intelligence study on the global biostimulants market. The report, titled “Biostimulants Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2017 – 2025,” is a thorough study of the current condition of the market and provides quantitative and qualitative analysis in order to help its targeted audiences such as biostimulant and fertilizer manufacturers, traders and distributors of seaweed and humic acids, manufacturers of crop protection products, raw material suppliers and technology companies, agricultural institutes, and government and regulatory bodies. After listing out the research methodologies and executive summary, the report dives into an elaborated overview of the market including an analysis of all drivers, trends, and restraints, segments the market in terms of product and application, gauges the potential of various regions and countries, and dedicates a whole chapter on competitive landscape.
As per the projections of the report, the demand in the global biostimulants market will increment at a formidable CAGR of 12.8% during the forecast period of 2017 to 2025. The analysts of the report have estimated that the opportunities in the biostimulants market, worldwide, will translate into a revenue of US$20.05 bn by 2025, considerably up from its evaluated worth of US$5.93 bn in 2016. This prosperity of biostimulants market is a reflection of various factors such as growing demand for organic food and growing awareness regarding ecofriendly agro products. The report highlights that non-toxicity and reduced ecological footprints are the primary features of biostimulants, which has become utterly important in the recent past to increase agricultural yield by eliminating mouths. Farmers, for a long time, have banked on chemical pesticides and fertilizers to overcome mouths problem but they too harm the arable land.
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Limited availability of farming land, growing food demand as a result of escalating population, advent of precision farming, availability of high nutrient crops, improving plant metabolism, and other water holding abilities are some of the other factors aiding to the global biostimulants market. On the other hand, long waiting time for the results to show and lack of awareness among farmers, particularly in emerging economies, are a few obstructions challenging the biostimulants market from attaining its true potential.
Based on product type, the report segments the global biostimulants market into humic acid, amino acids, fulvic acid, seaweed, microbial stimulant, vitamins, and biorationals such as minerals. Currently, the seaweed segment is providing the maximum demand, which is reflection of rising demand for seaweed extracts from the healthcare industry wherein it used for various products. Gradual shift from chemical fertilizers in agricultural industry is another driver of this segment.
Application-wise, the report segments the market for biostimulants into cereals and grains, oil seeds and pulses, fruits and vegetables, and others including turf and nursery. In 2016, the fruits and vegetables segment accounted for more than 35% of the total demand and is expected to remain highly profitable throughout the forecast period of 2017 to 2025.
Geographically, the report picks out Europe as the most profitable region for the vendors operating in this market, producing 40% of the demand in 2016 and still going strong. The primary driver of the Europe biostimulants market is increasing demand coming from the countries of Germany, France, the U.K., and Spain. The demand from this particular region is expected to expand at an above-average CAGR of 12.9% during the said forecast period.
As far as the competitive landscape is concerned, the global stimulants market makes for a fragmented scenario wherein newer players are making frequent forays and eating into the shares of global players such as Agrinos, Valagro, Syngenta, Biolchim S.p.A., Novozyme, Agriculture Solutions Inc., Kelpgrow, Premier Tech Ltd., Koppert Biological Systems, Agricen, and Italpollina spa.
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