The report provides analysis of global Biostimulants market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year. According to Acumen Research and Consulting, the global Biostimulants market is expected to grow around 12 % CAGR throughout the forecast period and reach value around USD 5 billion by 2026.
Bio-stimulants are used to stimulate the natural processes of plants aiming to improve nutrient utilization effectiveness of plants in soil, plants, seeds and other substrates. The quality of the crops, crop force, crop yields and crop tolerance to abiotic stress improve by biological stimulants. Diverse formulations for microorganisms, substances and compounds are present in biostimulants and are applied to plants or soils. Throughout the life cycle from germination to crop maturity biostimulants nurture the development of PF plants. Biostimulants are not designated for use against pests or diseases and differ from conventional agro - chemical solutions, such as pesticides or fertilizers.
Due to increasing demand for eco-friendly agro-products worldwide, the world biostimulants market is expected to grow substantially over the forecast period. Sustainable agricultural products are developed by biostimulants as an effective tool. The forecasted growth of the global biostimulants market is estimated at factors such as increasing ecological concerns, resulting in excessive use of synthetic pesticides, reduced availability of arable land, increased demand for higher value agricultural crops and increasing the adoption of green agro-based products.
In recent years the availability of arable land has declined to increase the yield of crops with the use of bio-based crop protection chemicals. Due to an increase in population and the erosion of the soil over the past 50 years, the availability of arable land has decreased significantly. Frequent soil degradation was caused by the plowing of fields and by the increased use of chemical fertilizers. The growing population and the different patterns of consumption are likely to generate significant food demand in the near future, thereby putting pressure on current arable land resources.
Biostimulants act as an environmentally friendly way of enriching the structuring and the nutritional value of the soil, and not only improved the quality and amount of the crop yield. Therefore, a decline in the availability of arable land is expected to offer the global bio-stimulant market significant opportunities in the near future.
The humic acid and fulvic acid segment among the products is expected to dominate over the predictable period on the global biostimulants market. These products increase the absorption of nutrients, root growth, and tolerance of abiotic stress for crops. The segment cereals & grains is expected to expand significantly over the forecast period among applications. Cereal and grain crops worldwide are widely used for biostimulants. Better root germination and development are offered by biostimulants. As a result, crop yields are increased. The demand for biostimulants is likely to increase throughout the forecast period as demand for organic products increases amongst consumers.
The demand for bio-stimulants is expected to increase in response to the implementation of sustainable farm measures in the coming years. Farmers will be unaware of the benefits and effectiveness of biostimulants, especially in developing countries, during the period of forecasting, but this could hamper the global market for biostimulants. Developers in developing countries prefer conventional technology and will likely show a slow pace of adoption between 2019 and 2026 of innovative agricultural products (including bio-stimulants).
Products, applications and regions are the key to the global market for biostimulants. The market is divided into humic acid & fulvic Acid, amino acids, microbial stimulants, maritime algae, vitamins and biorational substances based on the product. The humic acid & fulvic acid segment held a significant market share in 2018 in terms of revenues. The global market for biostimulants has been divided into oils & pulses, cereals & grains, fruit and vegetables and others on the basis of its application. The fruit and vegetables sector was a major share of the global market both in terms of revenue and volume for 2018 and is expected to expand rapidly throughout the forecast period.
Based on region, the global biostimulants market has been segmented into North America, Asia Pacific, Latin America, Europe, and Middle East & Africa.
Europe hold the prime position in general market in 2018. In the projected period, this trend is projected to continue. The region is planned to create profitability in the near future for the biostimulants market. The demand for biostimulants in Europe between 2019 and 2026 is likely to increase with factors like stringent regulations on the approval of agrochemicals in Europe led by harmful effects of chemical-based agribusiness products and increased demand for organic food. In the forecast period, Germany, followed by France and Italy, is likely to lead the market in biostimulants in Europe. In the next few years, the segment of fruits and vegetables will probably be a significant European consumer of biostimulants.
In the forecast period, the North American biostimulants market is expected to expand at more than 11.0% of CAGR. During the forecast period, North America is expected to provide significant market opportunities for biostimulants. Until recently there has been a lack of a specific authoritarian structure for biostimulants. However, the 2018 Farm Bill, also identified as the 2018 Agriculture Improvement Act adopted in December 2018, included the formal recognition and significant provisions of the biostimulants. The Farm Bill 2018 established a clear line for the distinction between biostimulants and other agro-products, including fertilizers and pesticides. In the coming years, biostimulants are expected to be defined and a regulatory path to their marketing. This should provide the biostimulants market in North America with growth opportunities during the forecast period.
The presence of various agriculture-driven economies such as India, China, and Australia will show promising growth over the forecast period. Asia Pacific countries are extremely diverse in terms of income, spending capacity and eating habits. There is steady increase in the agriculture sector in the region and the population depends primarily on the farming industry. This offers lucrative market growth possibilities in the region.
Global Biostimulants Market, by Product
Global Biostimulants Market, by Application
Global Biostimulants Market, by Geography
The market research study on “Biostimulants Market (By Product: Humic Acid & Fulvic Acid, Amino Acids, Seaweed, Vitamins, Microbial Stimulants, Biorationals; By Application: Oilseeds & Pulses, Fruits & Vegetables, Grains & Cereals, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Biostimulants market segments with market dynamics and their impact. The report provides insights on global Biostimulants market by service, by provider, by vehicle and major geographic regions. The report also covers basic technology development policies.
The report offers an overview of the market and statistical diagrams to support the expected figures. Our analysts predict the market scope and future prospects in an insightful way. The Acumen Research and Consulting report contains a comprehensive analysis of the global market in Biostimulants segmented by molecular type, test type and region. The report outlines numerous growth strategies implemented by companies as well as the latest market trends. The market share and current position of all leading players are discussed in detail. It analyzes players ' new revenue sources and highlights the different strategies.
Key Players & Strategies
With several small and medium-sized producers of biostimulants making up almost 60 percent of the share of the market in 2018, the global market for bio-stimulants was extremely fragmented. Biolchim S.p.A., Syngenta, Novozyme, Agrinos, Valagro and UPL are prominent players in the global biostimulants market.
Over the last few years, Europe has been a lucrative biostimulant market for investors. In recent years, market participants in Europe have marked significant initiatives for expansion. In January 2019, for example, Premier Tech acquired TerreauxSTAR via the Premier Tech Horticulture France business unit. The objective of the acquisition was to strengthen the presence of Premier Tech in France and the whole of the European region in the horticulture sector.
Introduction The report provides analysis of global Biostimulants market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year. According to Acumen Research and Consulting, the global Biostimulants market is expected to grow around 12 % CAGR throughout the forecast period and reach value around USD 5 billion by 2026
Introduction The world-wide agricultural fumigants market is projected to reach nearly USD 1.3 billion by 2026, this industry is likely to grow with 5.4 % CAGR during the next eight years. Market Dynamics Growing need of chloropicrin, phosphine, 1,3-dichloropropene, and metam
Introduction The global Essential oils & plant extracts for livestock market size is likely to surpass USD 4.2 billion by 2026, this market is anticipated to grow with 6.3% CAGR during the forecast time period. Developing worldwide concerns with respect to animal health and nutrition is required to be a key factor driving need for these product in animal feed a
Introduction The global farm tyre market is projected to worth $7.03 billion by 2026 and the market is expected to showcase a growth of 4.9% CAGR during the forecast period. Rising demand for distinguishing vehicles in agriculture sector for precisely conduct farming activities is likely to positively impact the demand of farm tyres boosting the revenue and driving
Introduction According to Acumen Research and Consulting, the global plant growth regulators market size is expected to reach around US$ 5.4 billion by 2026 and growing at noteworthy CAGR around 4.2 % from forecast period 2019 to 2026. Plant growth regulators are chemical compounds that influence and at very low concentrations t
Introduction Perlite is amorphous volcanic crystal. Owing to its high water content, it enlarges from 2 to 20 times from its original size in high temperatures. Therefore, it converts into light gray to white after heating. These features of perlite set it as vital raw material for various vital industrial areas. Vermiculite is hydrated magnesium aluminum silicate inorganic whic