Global Biostimulants Market Report - Future Prospects, Growth, Outlook and Forecast 2019 – 2026
Biostimulants are made up of a variety of biological substances, microorganisms, and compounds that can be applied directly to plants, seeds, or soil to improve a plant’s vigor, increase crop yields, and relieve plant stress. The use of biostimulants can start in the seed germination phase and continue throughout the plant’s life cycle. Biostimulants work by enhancing the plant’s ability to absorb nutrients so it can develop properly. When applied to the soil, biostimulants improve the soil's complementary microbes that help a plant’s roots thrive and form a beneficial symbiotic relationship.
The global Biostimulants market is estimated to be USD 21 million in 2019 and is expected to reach USD 44 million by 2026, with a CAGR of 11.20% during the forecast period.
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Key Dynamics
The organic food industry, which is growing at a healthy rate, is the major driving force behind the growth of the biostimulant industry. Increased awareness among the farmers (especially in Asia-Pacific) about the benefits of biostimulants, is another factor augmenting the growth of the market. The market is also growing due to the increased adoption of sustainable farming methods. Added to above, emerging regions such as the Asia-Pacific region and Latin America also show great potential for organic agriculture, which will eventually contribute to the further development of the bio-stimulator market. According to this report, one of the key emerging trends in the global biostimulants market is the growing popularity of precision farming.
However, lack of education and awareness among farmers, and a number of challenges faced by new entrants and small players restraints the growth of biostimulants market. In addition, unavailability of the standardized regulatory framework for biostimulants and scientific & technical also challenges for improvement of biostimulants challenges the growth of this market to some extent.
Segmentation
On the basis of type, Biostimulants Market segmented into
l Acid Based
l Seaweed Extracts
l Microbial
l Others
In terms of active ingredients, acid based biostimulants hold the largest share in this market attributed to their wide range of benefits to the plant, higher efficiency, and easy availability. Widely used seaweed extracts are brown, green, and red algae. Ascophyllum nodosum, Sargassum, Laminaria, Turbinaria, and Fucus are brown seaweed extracts.
On the application, Biostimulants Market segmented into
l ROW Crops
l Fruits & Vegetables
l Turf & Ornamentals
l Other
From the perspective of crop types, biostimulants are most commonly used in row crops and are applied significantly on, for example, sugar cane, cotton, and corn. However, in the field of lawns and ornamental plants, the application of biostimulant is also growing rapidly, which is worth noting.
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Competitive Landscape
The global biostimulant market is highly fragmented, with various small and medium-sized companies and some large companies, resulting in stiff competition in the market. The development of regional markets and local players in different parts of the world is the major factor for the fragmented nature of the market. North America and Europe are the two regions showing maximum competitor activities.
Important players profiled in the global Biostimulants market include BASF, Syngenta, Syngenta, Bayer CropScience, Koppert Biological Systems, Novozymes, Taminco/Eastman, Isagro, Agrinos, Arysta Lifescience, Valagro, Koppert, Biostadt India, Italpollina, Adler Agro, Nutri-Tech Solutions, Faust BioAg, and etc.
Regional Spotlights
Europe held the largest share of the market in 2018, accounting for close to 37.23% share. It was followed by North America and Asia-Pacific, with a share of 29.50% and 25.40% respectively. The largest share of Europe in this market is attributed to the rising concern over harmful chemicals on the environment, increasing demand for organic food, rapid development & innovation in biostimulants, and presence of a large number of biostimulant providers. However, the Asia Pacific is expected to witness promising growth over the forecast period on account of the presence of various agriculture-driven economies such as India, China, and Australia.
Overall Regions Outlook
l North America (U.S., Canada, Mexico)
l Europe (Germany, France, Italy, Spain, U.K., Nordic Countries, Belgium, Russia, Rest of Europe
l Asia Pacific (China, India, Australia, Japan, South Korea, Australia and New Zealand, Rest of Asia Pacific)
l Latin America, Middle East & Africa (Brazil, Nigeria, Argentina, South Africa, GCC Countries.
l Others
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Biostimulants Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Biostimulants Market by Types
4 Segmentation of Biostimulants Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Biostimulants Market in Major Countries
7 North America Biostimulants Landscape Analysis
8 Europe Biostimulants Landscape Analysis
9 Asia Pacific Biostimulants Landscape Analysis
10 Latin America, Middle East & Africa Biostimulants Landscape Analysis
11 Major Players Profile
11.1 BASF
11.1.1 BASF Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Syngenta
11.3 Bayer CropScience
11.4 Koppert Biological Systems
11.5 Novozymes
11.6 Taminco/Eastman
11.7 Isagro
11.8 Agrinos
11.9 Arysta Lifescience
11.10 Valagro
11.11 Koppert
11.12 Biostadt India
11.13 Italpollina
11.14 Adler Agro
11.15 Nutri-Tech Solutions
11.16 Faust BioAg
…
In-depth Biostimulants Market Report: Intended Audience
l Biostimulants manufacturers
l Raw material suppliers of Biostimulants
l Downstream vendors and end-users
l Traders, distributors, and resellers of Biostimulants
l Biostimulants industry associations and research organizations
l Product managers, Biostimulants industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
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Years considered for the study
l Base Year: 2018
l Estimated Year: 2019
l Forecast Period: 2019 to 2026
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