Biostimulants Market: Geographic Growth OpportunitiesPosted by rohan on November 21st, 2017 Seaweed Extracts segment is projected to be the fastest growing segment of Biostimulants Market According to the report Biostimulants Market, published by Market Data Forecast, the Global market is projected to reach USD 3.3 billion by 2022, at a CAGR of 10.8% from 2017 to 2022 Biostimulants are fertilizer additives which are derived biologically to improve plant growth and productivity. They include microorganisms or biological formulations. They are applied directly to plants or to soil to enhance crop yield, quality and tolerance to abiotic stresses. They also increase water storage efficiency of plants. They are useful to plants throughout their life from seed germination to harvesting. Biostimulants Market: Drivers & Restraints Due to the rapid population growth and decreasing agricultural land, the need to increase the crop production has increased. These are the major factors driving the growth of biostimulants market. Increase in the prices of chemical fertilizers and stimulants, growing demand for organic food products, increase in demand for environmental friendly alternatives and efficient use of resources are expected to propel the market growth. However, lack of proper regulatory guidelines and lack of awareness among farmers in emerging economies are inhibiting the market growth. Get accurate market forecast and analysis on the Biostimulants Market. Request a sample to stay up-to-date on the main trends affecting this market: http://www.marketdataforecast.com/market-reports/global-biostimulants-market-1370/request-sample Biostimulants Market: Segmentation By Active Ingredients
By Application
By Crop Type
By Geography
o United States o Canada
o U.K o Spain o Germany o Italy o France
o China o India o Japan o Australia o South Korea
o Brazil o Argentina o Mexico o Rest of Latin America
o Middle East o Africa Biostimulants Market: Overview Based on the active ingredients, fulvic acid holds the largest market share. It is because fulvic acid contains several nutrients which are beneficial for plant health and it is also one of the most chemically active compounds in the soil. Humic acid is also similar to the fulvic acid and also contribute significantly to the biostimulants market. Seaweed extract is expected to be the fastest growing market segment due to the high demand in developed countries in Europe and North America. Europe leads the biostimulants market due to the availability of innovative products and high research and development investments in this region. Asia Pacific is the fastest growing market due to the growing awareness among farmers and encouragement by several agricultural organuzations toward organic farming. Biostimulants Market: Key Players Major players in the Biostimulants market are Biostadt India Limited, BASF SE, Novozymes A/S, Valagro SpA, Isagro SpA, Biolchim SpA, and Koppert B.V.About Market Data Forecast: Like it? Share it! More by this author |