Biostimulants Market Report

The global Biostimulants is expected to witness significant growth in the coming years owing to growing need to increase the overall agricultural yield. Biostimulants improve the uptake of nutrients, increase the yield of crops like wheat, barley, and rice, and develop tolerance to abiotic stresses. Moreover, they find application in broad-acre crops such as pulses, cereals, and fiber crops.

The Biostimulants market has been undergoing a number of product introductions since past few years. One such instance is Ergostim® launched by a key company called, Isagro S.p.A. It is an exclusive Biostimulant that improves stress tolerance and enhances crop growth as well as performance.

Surge in the agricultural applications to drive the Biostimulants market

Growing applications of Biostimulants in the agricultural industry is a key factor supporting the = growth of the Biostimulants market. There is an increasing need to ensure food safety using sustainable farming techniques, which is, in turn, driving the demand for Biostimulants. Surge in the awareness among the end users regarding the nutritional benefits. Technological advancements are opening novel avenues for the Biostimulants market. However, lower quality of Biostimulants may act as a restraining factor in the Biostimulants market. Adoption of Biostimulants is still low across the globe, which is hampering the Biostimulants market growth.

Partnership to emerge as a key business strategy among the key players

Isagro S.p.A., BASF SE, Micromix Plant Health Ltd., Marrone Bio Innovation, Trade Corporation International (Part of Sapec Group), Plant Health Care PLC, Koppert B.V., Syngenta (Subsidiary of ChemChina), Monsanto Company (Part of Bayer), Andermatt Biocontrol AG, Novozymes, Inc., BioWorks, Inc., Italpollina S.p.A., Valagro SpA, Biostadt India Limited, Biolchim S.p.A., and Arysta Life Science Corporation are some of the key manufacturers operating in the global Biostimulants market.

Manufacturers are taking up various strategies such as partnerships, collaborations, and mergers and acquisitions with an aim to strengthen their position in the Biostimulants market. For instance, a leading company, Marrone Bio Innovations Inc. entered into a strategic partnership with Valagro S.p.A to collaborate on research and development efforts. This research collaboration will leverage a subset of Marrone Bio’s collection of 18,000 microorganisms, together with Valagro’s biostimulant and plant nutrition products that improve crop productivity and quality.

Market Segmentation

By Active Ingredient

●   Acid Based

●   Extracts based

●   Microbial Amendments

●   Trace Minerals and Vitamins

●   Others

By Formulation

●   Liquid Formulation

●   Dry Formulation

By Application

●   Foliar Spray

●   Soil Treatment

●  Seed Treatment

Acid based ingredients, particularly amino acids, are popular in the Biostimulants market. Majority of the Biostimulants are available in the liquid formulation. Dry form of Biostimulants are expected to gain traction in the coming years on account of their easy handling and improved shelf life. Based on the application, the Biostimulants market is segmented on the basis of foliar spray, soil treatment, and seed treatment. Seed treatment is expected to emerge as a key application segment in the years to come due to increased need to protect the seeds from rotting and insect and pest damage.

By Region

Strict EU regulations on environmental safety and support for organic farming is expected to offer growth opportunities for the Biostimulants market in Europe. Widespread usage of Biostimulants in Europe is also a key factor driving the Biostimulants market. Germany, Italy, and France are the key contributors to the regional market growth. Asia Pacific is expected to witness significant growth in the near future, the reason being increasing awareness among the farmers pertaining to the benefits of Biostimulants.

Agriculture is expected to be an important sector of the global business in the coming years. At QYR Consulting we make sincere efforts to help you improve your performance and transform your business by seizing the opportunities. Our research reports include an assessment of the shifting agricultural trends, evolving energy needs, and introduction of disruptive technologies. We offer market outlooks after through research, which is conducted using primary and secondary research methodologies.

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