The Global Biostimulants Market Study contains data that has been precisely analyzed in depth on the different models and factors influencing the industrial expansion of the Biostimulants market. Biostimulant is a substance that is used to foster the plant growth by improving […]
The Global Biostimulants Market Study contains data that has been precisely analyzed in depth on the different models and factors influencing the industrial expansion of the Biostimulants market. Biostimulant is a substance that is used to foster the plant growth by improving the metabolism of the plant and it finds application in agriculture and horticulture. It is derived from natural resources and some of the most common biostimulants used are humic acids, liquid manure composting, seaweed extracts, and beneficial bacteria and fungi. Biostimulant enhance overall plant growth by influencing other factors such as root diameter, root growth, increased microbial activity, and soil water holding capacity. This enhance plant tolerance and resistance to abiotic stresses.The global biostimulants market was valued at US$ 2,034.8 Mn in 2018 and is anticipated to reach USD 4,597.6 Mn by the end of 2027, growing at a CAGR of 9.2% during the forecast period (2019 to 2027).
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Revenue and cost profit analysis of major player dominating the Biostimulants market Acadian Seaplants Limited, Biostadt India Limited, Omex Agrifluids Ltd, Italpollina Spa, Koppert B.V., Bio Atlantis Ltd., BASF SE, Novozymes A/S, Agrinos A/S, and Platform Specialty Products Corporation
- Global Biostimulants Market, By Application:
- Global Biostimulants Market, By Crop Type:
- Row Crops
- Fruits & Vegetables
- Turfs and Ornamentals
- Other Crop Types
- Global Biostimulants Market, By Active Ingredient:
- Extract Based
Europe region dominated the global biostimulants market in 2018, accounting for 41.0% share in terms of volume, followed by North America and Asia Pacific, respectively. The high cost of production associated with the biostimulant as it requires high investments in research and development which is restricting the use of biostimulants. Moreover, high R&D costs and the long-time is taken by the company to produce a new product pose a challenge for new entrants. Moreover, though biostimulant have various benefits, however, very few products are available in the market. Therefore, this factor is expected to hinder the market growth of stimulants over the forecast period. Rising development in the agriculture sector such as expanding food production or export and imports coupled with the growth in organic and natural trade is projected to fuel the market growth over the forecast period. According to the United States Department of Agriculture, U.S. agricultural exports were valued at $140 billion in 2018, a 1-percent increase compares to 2017. Export growth was affected by reduced exports to Asia, especially for soybean exports. Imports grew by 6 percent in 2018 to $129 billion. Imports have grown at a faster rate than exports since 2016, driven in part by strong domestic economic growth.
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Key questions answered in the report:
- What will the market growth rate of Biostimulants market in 2027?
- What are the key factors driving the global Biostimulants market?
- Who are the key manufacturers in this market space?
- What are the market opportunities, market risk and market overview of the market?
- What are sales, revenue, and price analysis by types and applications of market?
- What are sales, revenue, and price analysis by regions of industries?
You can also request for the customizations in Biostimulants research report according to your requirements.
The report also covers a chronicled data of progressions and remedies inside the methodology examination of the Global Biostimulants Market with a particular ultimate objective to tell the use of frontline inspiration for Sustainable Development.
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