A rising demand for organic products amongst consumers is emerging as a convenient solution to eradicate consumption of contaminated and synthetic agriculture produce, thereby acting as a significant growth driver for the bio stimulants market. Due to expanding population, and incessant deforestation, soil health has suffered majorly owing to repeated erosion. Moreover, the global demand for food supplication has increased manifold, thereby generating an increased demand for bio stimulants, thus it assist in improving crop yield and making plants less susceptible to abiotic stress. Another significant growth driver for the market is increasing acceptance from environmental non-profitable organisations worldwide which are collectively popularising the idea of elevating application of bio stimulants to farming practices in accordance with usage of natural products in agriculture.. These factors will influence the market growth throughout the forecast period 2018-2023, in which the market will witness a growth at a CAGR of 12.3%. By the end of 2023, the bio stimulants market revenue will be approximately $4.4 billion.
The report is titled ‘Bio Stimulants Market: By Active Ingredient (Acid based, Extract Based); By Method of Application (Soil, Seed, Foliar); By Crop Type (ROW Crops, Fruits and Vegetables); By Geography - Forecast (2018-2023).’ In this report, the analyst has focused on providing a detailed analysis of market growth factors such as a noticeably rising trend of organic produce consumption that is driving agricultural producers to practice environment safe methods in farming. This report details Report Bio Stimulants size by type and applications, Report Bio Stimulants share by top 5 companies and also the market share by start-ups during the forecast period.
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Bio Stimulants Market: Regional Analysis
Europe has been identified as the key region in the bio stimulants market with an evaluated revenue of $863.75 million in 2018. The major reason supporting the regional growth is rising preference for organic fruits and vegetables amongst European consumers. . Additionally, European Union’s stringent regulations on environmental safety pertaining to agriculture act as an additional growth factor. The EU has come up with a Common Agricultural Policy (CAP), an environmental law that accommodates around 22 different countries to ensure sustainable agricultural productivity in Europe in accordance with environment conservation.
Bio Stimulants Market: Trends and Opportunities
Increasing population holds tremendous opportunities for the bio stimulants market growth. As per a research paper titled ‘The future of food demand: understanding differences in global economic models,’ published on the Wiley Online Library, global demand for food is expected to grow between 59-98% by 2050. Hence, increasing global food demand expanding at this rate, will create a demand for increasing food production at a large scale.
Increasing arable land globally will also contribute towards market growth. According to the Food and Agriculture Organisation, arable land would expand by 70 million hectares by the end of 2050. Farmers in countries such as Nigeria, Lithuania, Brazil, and others are constantly ploughing their lands to expand crop production.
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Bio Stimulants Market: Competitive Landscape
Agriculture around the world has improved considerably ever since the advent of bio stimulants, owing to the efforts made by the key players of this market. These companies include Agrinos Group, Arysta Lifescience Corporation, BASF SE, Biostadt India Limited, Isagro S.P.A., Italpollina S.P.A., Koppert BV, Novozymes A/S, Taminco Corporation, and Valagro SPA.
Agrinos Group entered into a partnership with Krishi Rasyan Pvt. Ltd. in June, 2017 for delivering efficient crop solutions to farmers of northern India.
BASF SE partnered with PI Industries in May, 2017 to help Indian farmers to broaden their portfolio of crop protection solutions.
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In modern agriculture, the growth of the bio stimulants market is attributed to the expansion of the organic food and beverage industry owing to the growing demand for high-quality crops and agro foods.
For the future of the agriculture industry, organic bio stimulants are significant for promoting organic farming practices.
Additionally, the demand for organic bio stimulants is rising due to an increase in the production of organic food products without using any pesticide or fertilizer.As a consequence, the global bio stimulants market was valued at $2.5 billion in 2018 and the demand is poised to grow progressively at a CAGR of 11.5% during the forecast period 2019-2025.Novel Plant Bio Stimulants Helps Overcoming Arable Land and Growing Population ProblemThe current world population is 7.6 billion, which is estimated to reach 9.8 billion in 2050 and 11.2 billion by 2100.
This has certainly paved its way for thriving the bio stimulants the market growth.
This has supported the farmers, investors, and consumers drastically which has simultaneously increased the bio stimulants market growth.Farmers:With the help of EBIC, the farmers are able to meet the growing agricultural demand through bio stimulants.
EBIC promotes the standards that protect the safety and the health of the consumers.Some of the major crops where bio stimulants are used widely are pepper, tomato, citrus, pome fruits, grape, olives, eggplant, ornamentals oilseed, sugar beet, turf, and flowers.
According to recent report by IMARC Group, titled “Biostimulants Market Report, Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global biostimulants market reached a value of US$ 2.5 Billion in 2019.
Looking forward, IMARC Group expects the global market to reach a value of US$ 4.8 Billion by 2025, registering a CAGR of 11.5% during 2020-2025.Biostimulants are microbe-based agricultural chemicals that promote the organic growth of a plant.
They are produced from various active ingredients, like humic and fulvic acids, seaweed extracts, amino acids, vitamins, trace minerals, polysaccharides, and microbial amendments.
Biostimulants improve nutrient availability, environmental stress tolerance, water holding capacity, metabolism, and chlorophyll production in the plant.
They also help in enhancing the antioxidant properties, stimulating root development, and plant cell enlargement.The expanding agriculture industry, growing demand for agricultural sustainability, and rising adoption of organic farming practices are primarily catalyzing the biostimulants market growth.
It is widely being utilized in organic manure to improve soil fertility and plant health.
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According to a research report "Cognitive Assessment and Training Market by Assessment Type (Pen- and Paper-Based, Hosted, Biometrics), Component, Application (Clinical Trial, Screening & Diagnostics, Brain Training, Academic Research), Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the cognitive assessment and training market size is expected to grow from USD 1.98 Billion in 2016 to USD 8.06 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 32.3%.Browse 63 market data tables and 47 figures spread through 150 pages and in-depth TOC on "Cognitive Assessment and Training Market - Global Forecast to 2021"The major forces driving this market are aging global population, increasing awareness about brain fitness, and advancements in technology.
The growing market for cognitive solutions and increasing demand for brain training by next-generation tech-savvy population are contributing to the growth of the cognitive assessment and training market.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1039Clinical trials in terms of application is expected to hold the largest market share in the cognitive assessment and training market during the forecast periodClinical trials are mainly used to identify, measure, or monitor cognitive impairments and cognitive changes.
The assessment of cognitive functions is an integral part of decision-making during clinical drug development, as certain drugs can have an impact on the cognitive capabilities of the brain.
The market is expected to contribute the highest revenue for vendors offering clinical trials.Education vertical is expected to grow at the highest CAGR in the marketCognitive assessment solutions and services are used in the education vertical for screening prospective candidates for schools or colleges.
The leading cognitive assessment and training vendors for this vertical are Pearson Assessment and CogniFit.North America is expected to contribute to the largest market share and Asia-Pacific to grow at the highest CAGRNorth America is expected to hold the largest market share and to dominate the cognitive assessment and training market from 2016 to 2021, due to the increasing awareness among population about adopting medication for cognitive diseases.
The new generation in this region is more concerned toward the benefits of cognitive training, which is not just limited to patients with cognitive dysfunctions.
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Taking the analysis further, the study helps readers get a better understanding of the trends characteristics of the emerging markets, including government regulations crucial to growth of such markets.
