Biostimulants market are the products which can enhance life of plants in terms of the growth and productivity. It has the capability to increase stress tolerance of plant that may be in terms of disease or drought. With the use of biostimulant products, plants capacity to absorb water increases and it leads to better plant growth. The biostimulants products are found to be filling the gap between bio-fertilizers and pesticides as it can help the plant in both activities. Demand for biostimulants has increased in recent years. The organic farming is increasing worldwide due to people lifestyle change and need for high quality food products. Biostimulant products are found to be a better solution in organic agriculture sector. For instance, according to Research Institute of Organic Agriculture FiBL, it has been estimated that 181 countries have adopted organic agriculture worldwide in the year 2017.
biostimulants market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the global biostimulants market is expected to reach USD 7,591.23 million by 2027 from USD 2,990.83 million in 2019, at the CAGR of 12.5% in the forecast period of 2020 to 2027. High agricultural production worldwide is a major factor for the market growth.
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Market Drivers and Restraints:
On the basis of active ingredients, the market is segmented into acid based, extract based, microbial amendments, protein hydrolysates, B-vitamins, chitin, chitosan and others. Acid based segment is dominating the market as it is main component that provides many functions to the plant as well as increases plant metabolic activity.
On the basis of crop type, the market is segmented into fruits & vegetables, cereals & grains, turf & ornamentals, oilseeds & pulses and other crops. Fruits and vegetables segment is dominating the global biostimulants market due to high production of fruits and vegetables globally
On the basis of application method, the market is segmented into foliar treatment, soil treatment and seed treatment. Foliar treatment segment is dominating due to its high benefits in agriculture field hence farmers are more inclined to it which ultimately helping the market to grow.
On the basis of origin, the market is segmented into natural biostimulants and synthetic biostimulants. Natural biostimulants segment is dominating due to its number of benefits such as high fertility, high productivity and has low cost.
On the basis of distribution channel, the market is segmented into direct and indirect. Direct segment is dominating the market as its demand is high from the large scale farming as well as related industries in order to provide high productivity globally among consumer.
The major players covered in the Biostimulants Market
The major players covered in the report are Eastman Chemical Company, OMEX, LALLEMAND Inc., Agrinos, Brandt Consolidated, Inc., FMC Corporation, Valagro SpA, Biolchim SPA, Isagro, Italpollina S.p.A., ADAMA Ltd, KOPPERT BIOLOGICAL SYSTEMS, Haifa Group, Novozymes, ACADIAN SEAPLANTS LIMITED, ATLÁNTICA AGRICOLA, Biostadt India Limited, Trade Corporation International, AGROENZYMAS, MICROMIX, Syngenta, Bayer AG, UPL among others. Biostimulants market share and data is available for Global, North America, Europe, Asia-Pacific, Middle East and Africa and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Major TOC Of The Report
Chapter One: Biostimulants Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Biostimulants Market Competition, by Players
Chapter Four: Global Biostimulants Market Size by Regions
Chapter Five: North America Biostimulants Market Revenue by Countries
Chapter Six: Europe Biostimulants Market Revenue by Countries
Chapter Seven: Asia-Pacific Biostimulants Market Revenue by Countries
Chapter Eight: South America Biostimulants Market Revenue by Countries
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Key Report Highlights
Comprehensive pricing analysis based on different product types and regional segments
Market size data in terms of revenue and sales volume
Deep insights about regulatory and investment scenarios of the global Biostimulants Market
Analysis of market effect factors and their impact on the forecast and outlook of the global Biostimulants Market
The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Biostimulants Market
A roadmap of growth opportunities available in the global Biostimulants Market with the identification of key factors
The exhaustive analysis of various trends of the global Biostimulants Market to help identify market developments
Key Questions Answered in Report:
What is the key to the Biostimulants Market ?
What will the Biostimulants Market Demand and what will be Growth?
What are the latest opportunities for Biostimulants Market in the future?
What are the strengths of the key players?
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