Report ID :10325632 |
Published Date : 21 Oct 2022 |
Report Format : |
Delivery Timeline :48-72 Business Hours
Biostimulants Market is expected to grow from USD 1.69 billion in 2016 and reach USD 3.08 billion in 2022, growing at a CAGR of 10.50% during the forecast period.
Our industry experts anticipate that within the biostimulants market, the humic substances is expected to be the largest active ingredients segment, growing at a CAGR ranging from 10% to 15% during the forecast period. In addition, the turf and ornamentals is anticipated to be the fastest-growing segmented based on crop types, growing at a CAGR ranging from 10% to 15% during the forecast period. Geographically, Europe is expected to be the fastest-growing region in the market, growing at a CAGR ranging from 10% to 15% by 2022.
KEY BENEFITS OF THE REPORT:
Extensive evaluation of all the market dynamics that will impact this market during the forecast period
Granular understanding of the historical market trend and the resultant market forecast
Deeper understanding of the behavior of the key players and innovators influencing this market
KEY PREMIUM INDUSTRY INSIGHTS:
Growth in the demand for organic food products and the rising customer awareness about sustainable farming practices are the most important growth drivers for the biostimulants market.
Biostimulants decrease the reliance on the chemical fertilizers and plant growth supplements. Anecdotal evidence also suggests an improved product quality and taste profile after the use of biostimulants.
However, lack of evidence-based product trials, the high costs of commercial products, and the non-uniform regulatory environment have restrained the growth of the biostimulants market.
MARKET SEGMENTATION:
This report analyzes the biostimulants market by the following segments:
Biostimulants Market, by Active Ingredients
Humic Substances
Seaweed Extracts
Microbial Additives
Trace Elements
Vitamins and Amino Acids
Other Active Ingredients
Biostimulants Market, by Crop-types
Row Crops
Turf and Ornamentals
Fruits and Vegetables
Other Crop-types
Biostimulants Market, by Methods of Application
Foliar Treatment
Seed Treatment
Soil Treatment
KEY MARKET PLAYERS:
Key players in the biostimulants market include:
Arysta LifeScience Limited
Biolchim S.p.A.
Biostadt India Limited
Isagro S.p.A.
Italpollina S.p.A.
Lida Plant Research S.L.
Monsanto Company
Novozymes A/S
Syngenta AG
Valagro S.p.A
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