Global “Biostimulant Market” report provides a detailed analysis of the market from 2018 to 2023. Biostimulant market report focuses on market capacity, share, current market trends and upcoming future predictions. Global Biostimulant Market is expected to register a CAGR of approximately 13.6% during the forecast period of (2018 – 2023).
360 MARKET UPDATES Report provides a 360-degree overview of the global Biostimulant Market with special emphasis on all aspects including CAGR Status, drivers, restraints, and opportunities, market and regional segmentation.
Biostimulant Market Report Covers Leading Manufacturers: Arysta Lifescience Corporation,Lallemand Plant Care,Agrinos AS,Atlantica Agricola,Biostadt India Ltd.,Brandt Consoliated Inc.,Ilsa SPA,Isagro S.P.A.,Italpollina SPA,Koppert B.V., Laboratoires Goemar S.A.S,Micromix Plant Health Ltd.,Omex Agrifluids Ltd.,Taminco, Tradeecorp Internationals,Valagro SPA,Agroenzymas Group
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The plant biostimulant industry is in its nascent stage, and was valued at USD 1718.4 million in 2016. The global plant biostimulant market is projected to register a CAGR of 13.6% during the forecast period of 2018 2023. Europe is the largest segment of the market studied, and accounted for around 42.0% of the market studied.
Growing Organic Food Industry The Major Driving Force
Organic biostimulants are significant for the future of the agricultural industry, in terms of promoting organic practices. Biostimulants can enhance soil microflora, which in turn, help make the uptake of nutrients more efficient. Others increase antioxidant activity in plants, and boost internal defenses against environmental stresses and disease pressure.
Organic food and related agriculture now account for around 5.0-10.0% of the food market, varying from region to region. As organic food products are produced without using any kind of pesticides or fertilizers, the demand for plant biostimulants is on the rise. Consequently, the increasing popularity of organic farming drives the demand for biostimulants.
Asia-Pacific to Witness the Fastest Growth
Increase in the demand for quality agricultural products, organic produces, and the increasing need for high productivity and yield are expected to increase the consumption of bio-stimulants in Asia-Pacific, especially in China, India, and Japan. The Asia-Pacific plant biostimulant market was valued at USD 356.0 million in 2016 and is expected to witness a CAGR of 15.2% during the forecast period.
China forms the largest market for plant biostimulants in Asia-Pacific, with a market share of 33.0%. The increasing population (particularly the middle-class consumers), growing interest in sustainability, and popularity of organic farming have created an attractive market for plant biostimulants in the country.
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Reasons to Purchase Biostimulant Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
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