Biostimulants Market Global Scenario, Market Size, Outlook, Trend, and Forecast, 2016 – 2025
Global Biostimulants Market size is projected to be valued $5 Billion by 2025; with a CAGR of 11% from 2017 to 2025. Biostimulants can be obtained from various organic substances including complex organic substances, humic substances, seaweed extracts, and many others. It positively impacts the activity and gene expression of enzymes functioning in primary and secondary plant metabolism. Biostimulants is increasingly gaining popularity owing to its immense contribution in crop yields, improved horticulture practices, and minimum loss to the environment.
Increasing population, decreasing agricultural land, and expanding organic food industry are the drivers propelling the growth of the global biostimulants market. Moreover, climate change impacts, increased abiotic stress, and increasing demand for sustainable method to improve crop yield also supports the growth of the market. However, low awareness among farmers and lack of proper regulatory framework could restrain the market growth. Additionally, improved market access, and need for integration of cost-effective alternatives would provide market opportunities in coming years.
The global biostimulants market is segmented on the basis of crop type, active ingredient, application, and geography. Crop type is bifurcated as raw crop, fruit and vegetables, turf and ornaments, and others. Active ingredients are categorized as humic substance, fulvic, seaweed extracts, amino acid, vitamins, and others. Furthermore, application includes foliar, soil, and seed.
Based on geography, biostimulants market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe consist of UK, Germany, France, Italy, Spain, and others. Asia-Pacific is segmented into China, Japan, India, Australia, and others, while RoW is bifurcated into South America, Middle East, and Africa.
The key players operating in this market includes Novozymes A/S, Biolchim SpA, Italpollina SpA, Platform Specialty Products Corporation, Koppert B.V., BASF SE, Valagro S.p.A., ILSA S.p.A, Bayer AG, and Arysta LifeScience Limited, among others.
The key takeaways from the report
Scope of the Global Biostimulants Market
Crop Type Segments
Active Ingredient Segments