Global Biostimulants Market Size Forecast and Demand Analysis 2016-2024


Posted October 27, 2017 by Steveblade

The global biostimulants market size is anticipated to reach USD 4.2 billion by 2024.

 
According to Goldstein Research,“Environment Sustainability and growing trend and cost efficient solutions to increase efficiency and productivity of crops is increasing the agricultural industryinterest towards biostimulants hence propelling the growth of biostimulants market all across the globe. Steep rise for the demand of biostimulants has been witnessed in the global market. Biostimulants enhance the effectiveness of conventional fertilizers and make those fertilizers to work better. Biostimulants strengthen the plants natural defences especially to droughts and salinity stress which help them to survive in rough climatic conditions.The global biostimulants market segmentation has been carried out on the basis ofactive ingredients and crop types. Active ingredients are further bifurcated into organic acids, amino acids, seaweed extracts, plant extracts and microbial. Seaweed and plant extracts has gained significant traction in past few years owing to ability to improve abiotic & biotic tension tolerance as well enhance the growth of roots and seeds. Extract based active ingredients accounted for more than USD 550 million in 2016 and projected to grow at a CAGR of 10.5% over the forecast period of 2016-2024.The global biostimulants market size is anticipated to reach USD 4.2 billion by 2024, expanding at a CAGR of 11.0% during forecast period which is likely to driven by the increasing yield per hectare owing to rising population and continuous growing food demand.In 2016, Europe region dominated the global market in terms of revenue share. Europe Biostimulants market is expected to dominate the global market during the forecast period of 2016-2024. Asia-Pacific biostimulants market valued USD 0.68 billion in 2016 and is estimated to surpass USD 1.5 billion by 2024. Europe biostimulants market is growing quickly with more than 10% annual growth rate. More than 3 million hectares of agricultural land is treated with biostimulants in Europe every year which is estimated to reach 5 million hectares by 2024.
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Market Segmentation
• By Active Ingredients
o Organic Acids
o Amino Acids
o Seaweed Extracts
o Plant Extracts
o Microbials
• By Crop Type
o Row Crops & Cereals
o Fruits & vegetables
o Turf & Ornaments
o Other Crops
• By Geography
o North America (US, Canada)
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe)
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa)
o Latin America (Brazil, Mexico and Rest of Latin America)
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific)
o Rest of the World

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“Global Biostimulants Market Outlook 2024” contains detailed overview of the global biostimulantsmarket in terms of market segmentation by active ingredients type and by crop type.
Further, for the in-depth analysis, Biostimulants market report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global Biostimulants Market Report also provides competitive outlook of some of the major players which includes profiling of companies such asValagroS.p.A, ArystaLifeScience, Agrinos, BASF, Biostadt, Isagro, Italpollina, Tradecorp International, Koppert B.Vetc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global biostimulantsmarket trends that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Browse full market report@ https://www.goldsteinresearch.com/report/biostimulants-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024
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Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts.Backed up by reliable research and impactful statistics, our business solutions empower our clients to grow at a fast pace despite unsettling fluctuations in the market. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.
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Website Global Biostimulants Market Size Forecast and Demand Analysis 2016-2024
Phone +1-646-568-7747
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Categories Business
Tags global biostimulants market , global biostimulants market segments , global biostimulants market size , global biostimulants market trends
Last Updated October 27, 2017