Global biostimulants market is expected to reach USD 2.81 billion in 2021, growing at a CAGR of 10.2 % between 2016 and 2021.
Global biostimulant report is a professional and profound research report on a global and regional level. The study also gives historic data of biostimulant market with an estimate based on revenue (USD Billion) from the year 2016 to 2022. Evaluation of market dynamics gives a brief about the drivers, restraints, and opportunities of global biostimulants industry market.
In this study, we have included the comprehensive view on the biostimulants market and a detailed segmentation of biostimulants. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the biostimulants market has also been included. The study encompasses a market attractiveness analysis, wherein active ingredient segment are benchmarked based on their market size, growth rate, and general attractiveness.
The report gives a significant view on the biostimulants market by segmenting the market based on active ingredient, application method, and crop type. All the segments have been analyzed based on present and future trends and the market is estimated from 2015 - 2021. The regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific and Rest of the world. This segmentation includes demand for biostimulants based on individual applications in all the regions.
The competitive profiling of key players includes company and financial overview, business strategies adopted by them, and their recent developments which can help in assessing competition in the market. Major companies included in this report are BASF SE, Bayer AG, Italpollina spa, Valagro, Biovert S.A., Arysta LifeScience Limited, Agrinos, ILSA spa, Biostadt India Limited, and Koppert B.V.
The report segments the global biostimulants market as
Global Biostimulants Market: Active Ingredient Segment Analysis
Global Biostimulants Market: Application Method Segment Analysis
Global Biostimulants Market: Crop Type Segment Analysis
Global Biostimulants Market: Regional Segment Analysis
This report is based on in-depth qualitative and quantitative analyses of the global Biostimulants market. Zion Research has collected and analyzed key data belong to the global Biostimulants market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Biostimulants across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Biostimulants industry. Primary research makes up the major source of data collection and validation.
Primary Research
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary Research
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Biostimulants market.
Models
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
Biostimulants is an organic substance, designed to help farmers to meet increasing agriculture demand sustainably. Biostimulants improve crop production and efficiency, when applied in prescribed quantities. This leads to enhanced and healthy plant growth. It has a positive impact on plant health to a significant extent. Biostimulants also enhance the uptake and proficient use of fertilizers which helps farmers to optimize their investments with extra benefit of reducing environmental impacts. Biostimulants may improve water-holding capacity, increase antioxidants, and enhance metabolism. Humic acid, an active ingredient in biostimulants enhances the plant growth and production. Humic acid acts on the mechanisms involved in photosynthesis, protein synthesis, water and nutrient uptake, cell respiration, an increase of microbial populations and improvement of soil structure.
The global biostimulants market is anticipated to witness a sluggish growth in the years to come due to limited technological advancements in the field. There are many associations promoting the advantages of biostimulants and also in the process of framing regulations for biostimulants. The European Biostimulant Industry Council (EBIC) promotes plant biostimulants to ensure sustainable agriculture. It provides a platform for vendors in the biostimulants industry to communicate with key stakeholder groups in order to explore solutions to address concerns arising with regard to biostimulants. However, lack of awareness regarding biostimulants products and high R&D costs may hamper the growth of the global biostimulants market in coming years.
The global biostimulants market is classified on the basis of active ingredient, application method, crop type, and region. On the basis of active ingredient, the market is divided as fulvic acids, seaweed, trace minerals, humic acids, amino acids, and vitamins. By application method, the worldwide biostimulants market is segmented into foliar, soil, and seed. Foliar application method segment accounted for the largest market share in 2015 and is anticipated to lead the global biostimulants market within the forecast period. On the basis of crop type, the market is segmented into row crops, fruits & vegetables, turfs & ornamentals, other crops. Row crops segment accounted for the largest market share in 2015, followed by fruits & vegetable segment.
Geographically, the worldwide biostimulants market has been classified into North America, Latin America, Europe, Europe, Asia-Pacific, and the Middle East & Africa. Europe dominated the global biostimulant market in 2015. The market in Europe is expected to remain dominant throughout the forecast period. Asia Pacific and Latin America are expected to boost demand for biostimulants products over the coming years due to technological advancements happening in these regions coupled with rising awareness about organic products.
The number of key manufacturers is operating in the biostimulants market has been increasing. This intensifies the competition in the market. Some of the key manufacturers in the biostimulants market include BASF SE, Bayer AG, Italpollina spa, Valagro, Biovert S.A., Arysta LifeScience Limited, Agrinos, ILSA spa, Biostadt India Limited, and Koppert B.V.
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