According to a new market report by Lucintel the future of the biostimulant market looks promising with opportunities in various segments. The biostimulant market is expected to grow with a CAGR of 10% from 2019 to 2024. The major growth drivers for this market are increasing need for sustainable agriculture approach, bioprotective effects against abiotic stress, improving soil health and restoring degraded soils, limited investments, and easier raw material availability.
In this market, humic substances (humic acid and fulvic acid), seaweed extracts, microbial amendments, trace minerals, and vitamins & amino acids are the major active ingredients of biostimulants. Vitamins & amino acid have formed the largest active ingredient segment.
Within the biostimulant market, seed treatment, soil treatment, and foliar treatment are the major application segments. Seed treatment is the largest application segment for the biostimulant market.
Europe will remain the largest market over the forecast period due to the adoption of modern agricultural technology, such as precision farming and plant biotechnology, and organic-based active ingredients.
BASF, Isagro, Valagro, Bayer, Italpollina, Koppert Biological Systems, Acadian Seaplants, UPL, and Biolchim are among the major manufacturers of biostimulants.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the biostimulants by active ingredient, form, crop type, application method, and region. Lucintel has prepared a comprehensive research report entitled " Biostimulant Market by Active Ingredient 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the biostimulant market by active ingredient, form, crop type, application method, and region as follows:
By Active Ingredient [$M shipment analysis for 2013 – 2024]:
• Humic substances (humic acid and fulvic acid)
• Seaweed Extracts
• Microbial Amendments
• Trace Minerals
• Vitamins & Amino Acids
• Other Ingredients & Additives (polysaccharides, enzymes, soil conditioners, wetting agents, and antioxidants)
By Form [$M shipment analysis for 2013 – 2024]:
• Dry
• Liquid
By Crop Type [$M shipment analysis for 2013 – 2024]:
• Row Crops (cereals, oilseeds, and pulses)
• Fruits & Vegetables
• Turfs & Ornamentals
• Other Crops (fiber crops, plantation crops, hydroponics, and forage grasses)
By Application Method [$M shipment analysis for 2013 – 2024]:
• Foliar treatment
• Soil treatment
• Seed treatment
By Region [$M shipment analysis for 2013 – 2024]:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Spain
• Asia Pacific
o China
o India
o Japan
o South Korea
• Rest of the World (RoW)
o Middle East
o South Africa and South America
South America More than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link …[email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1.What are some of the most promising potential, high-growth opportunities for the biostimulant market by active ingredient (humic substances, seaweed extracts, microbial amendments, trace minerals, vitamins & amino acids, and other ingredients & additives), form (dry and liquid), crop type (row crops, fruits & vegetables, turfs & ornamentals, and other crops), application method (foliar treatment, soil treatment, and seed treatment), and region (North America, Europe, Asia Pacific, South America, and RoW)?
Q.2.Which segments will grow at a faster pace and why?
Q.3.Which regions will grow at a faster pace and why?
Q.4.What are the key factors affecting market dynamics? What are the drivers and challenges of the biostimulant market?
Q.5.What are the business risks and threats to the biostimulant market?
Q.6.What are emerging trends in the biostimulant market and the reasons behind them?
Q.7.What are some changing demands of customers in the biostimulant market?
Q.8.What are the new developments in the biostimulant market? Which companies are leading these developments?
Q.9.Who are the major players in this biostimulant market? What strategic initiatives are being implemented by key players for business growth?
Q.10.What are some of the competitive products and processes in this biostimulant market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11.What M & A activities did take place in the last five years in the biostimulant market?