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Biostimulants Market value, Developments, Key trends & forecast till 2024

Fast.MR has presented a detailed report on  “Biostimulants Market – By Type (Acid-based Biostimulants, Seaweed and Plant Extracts, Microbial Biostimulants and Others), By Application (Foliar, Soil and Seed), By Crop Type (Food Crops, Cash Crops, Plantation Crops and Horticulture Crops) & Global Region – Market Size, Trends, Opportunity, Forecast 2018-2024” which includes the major application, advantages, and key market trends that are fostering the growth of the market during the forecasted span of 6 years. The research takes a step forward and analyzes the key competitors and global regions that are holding the market share of Biostimulants Market in terms of revenue.

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Biostimulants are a microorganism when applied to seeds, plants, or the rhizosphere, foster plant development in many demonstrated ways throughout the crop lifecycle, from seed germination to plant maturity. Biostimulants also enhance the plant’s ability to absorb nutrients so it can develop properly. The global Biostimulants market reached a market valuation of USD 322.7 Billion in 2018 and is estimated to grow at a CAGR of 15.0% during the forecast period, i.e., 2019-2024.

Market Insights

Growth Drivers – Biostimulants Market

Growing Need to Maximize Crop Yield

The agriculture sector is beginning to avoid usage of chemical pesticides in agriculture as they have realized the effects of chemicals on soil fertility and water quality. Owing to overconsumption of chemical fertilizers, the condition of soil has been deteriorating worldwide, lowering crop yields, crop quality, and exacerbating harvest uncertainty. Farmers across the globe are realizing the potential of Biostimulants and are increasingly welcoming Biostimulants in agriculture. In order to maximize profit, farmers are using Biostimulants to increase yield in terms of weight, seed, and fruit set.

Rising Food Scarcity

According to United Nation report, the current world population of 7.6 billion is expected to reach 8.6 billion in 2030, 9.8 billion in 2050, and 11.2 billion in 2100. With a rising population, the chances for food scarcity is also rising and to tackle this threat; governments are encouraging usage of environment-friendly fertilizers and plant nutrition. Governments are offering subsidies to farmers for using biofertilizers, which in turn bolstering the growth of global Biostimulants market. The rising popularity of modern agriculture techniques such as hydroponics, aquaponics, vertical farming, and other controlled environment agriculture methods is encouraging the growth of global Biostimulants market.

Barriers – Biostimulants Market

Weak law infrastructure to ensure the usage of eco-friendly and presence of alternatives such as chemical pesticides are several significant challenges confronting the growth of global Biostimulants market.

Market Trends – Biostimulants Market

Product Innovation

Manufacturers are spending significant capital on advancements of their stimulants. Use of Biostimulants is the fastest growing area in crop protection, and manufacturers are continually advancing their Biostimulants to capture maximum demand opportunity in the market. For instance, a Canadian company ASL developed seaweed-based Biostimulants to help farmers raise their agricultural output in India.

Segmentation

By Type

– Acid-based Biostimulants

– Seaweed and Plant Extracts

– Microbial Biostimulants

– Others

By Crop Type

– Food Crops

– Cash Crops

– Plantation Crops

– Horticulture Crops

By Application

– Foliar

– Soil

– Seed

By Geography

– North America (U.S. & Canada)

– Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)

– Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)

– Latin America (Brazil, Mexico, Argentina and Rest of Latin America)

– Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)

Competitive Landscape

The report profiles various major market players such as

  • AXEB BIOTECH SL
  • Sonar Agro
  • Lida Plant Research S.L.
  • Sherriff Grass Care
  • Haifa Group
  • Hi Tech Ag Solutions
  • Acadian Seaplants Ltd.
  • Bioiberica S.A.U.
  • OMEX
  • Kelpak
  • Other Major & Niche Players

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Table of Content

Research Methodology

Market Definition and List of Abbreviations

1.Executive Summary

2.Growth Drivers & Issues in Global Biostimulants Market

2.1. North America

2.2. Europe

2.3. Asia Pacific

2.4. Europe

2.5. Middle East & Africa

3.Global Biostimulants Market Trends

4.Opportunities in Global Biostimulants Market

5.Recent Industry Activities, 2018

6.Porter’s Five Forces Analysis

7.Macro-Economic Trends

8.PEST Analysis

9.Market Value Chain and Supply Chain Analysis

10.Global Biostimulants Market Value (USD Million), 2018-2024

11.Global Biostimulants Market Segmentation Analysis, By Type

11.1. Introduction

11.2. Market Attractiveness, By Type

11.3. BPS Analysis, By Type

11.4. Acid-based Biostimulants Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

11.5. Seaweed and Plant Extracts Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

11.6. Microbial Biostimulants Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

11.7. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

12.Global Biostimulants Market Segmentation Analysis, By Crop Type

12.1. Introduction

12.2. Market Attractiveness, By Crop Type

12.3. BPS Analysis, By Crop Type

12.4. Food Crops Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

12.5. Cash Crops Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

12.6. Plantation Crops Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

12.7. Horticulture Crops Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

13.Global Biostimulants Market Segmentation Analysis, By Application

13.1. Introduction

13.2. Market Attractiveness, By Application

13.3. BPS Analysis, By Application

13.4. Foliar Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

13.5. Soil Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

13.6. Seed Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

14.Geographical Analysis

14.1. Introduction

14.2. North America Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

14.2.1. By Type

14.2.1.1. Introduction

14.2.1.2. Market Attractiveness, By Type

14.2.1.3. BPS Analysis, By Type

14.2.1.4. Acid-based Biostimulants Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

14.2.1.5. Seaweed and Plant Extracts Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

14.2.1.6. Microbial Biostimulants Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

14.2.1.7. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

14.2.2. By Crop Type

14.2.2.1. Introduction

14.2.2.2. Market Attractiveness, By Crop Type

14.2.2.3. BPS Analysis, By Crop Type

14.2.2.4. Food Crops Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

14.2.2.5. Cash Crops Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

14.2.2.6. Plantation Crops Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

14.2.2.7. Horticulture Crops Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

14.2.3. By Application

14.2.3.1. Introduction

14.2.3.2. Market Attractiveness, By Application

14.2.3.3. BPS Analysis, By Application

14.2.3.4. Foliar Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

14.2.3.5. Soil Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

14.2.3.6. Seed Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

14.2.4. By Country

14.2.4.1. Market Attractiveness, By Country

14.2.4.2. BPS Analysis, By Country

14.2.4.3. U.S. Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

14.2.4.4. Canada Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

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