New Report sheds light on the Biostimulants Market 2017 to 2022

Biostimulants Market - Forecasts from 2017 to 2022 is a new market research publication announced by Reportstack. Global Biostimulants market is projected to grow at a CAGR of 11.08% over the forecast period to reach US$2,755 million in 2022, from US$1466.272 million in 2016. Biostimulants are enzymes, seaweed, plant hormones, microorganisms and trace elements that are applied to the plants or soil to improve crop vigor, quality, yield, and tolerance to abiotic stresses. 

The global biostimulants market is majorly driven by the need for an increase in yield per hectare owing to rising global population and their demand for food. Supportive government initiatives and increased funding and grants for sustainable agriculture are further fuelling the demand for biostimulants. Biostimulants are increasingly finding applications in agriculture and horticulture sector owing to the benefits such as improved metabolism, water holding capacity, chlorophyll, and antioxidants production. Increasing demand for organic food products owing to growing awareness about good health and fitness leads to the expansion of organic farming across the globe which is, in turn, will augment the demand for biostimulants in the next five years. Other factors such as declining farmland and requirement of sustainable solutions for agriculture production will also propel the growth of biostimulants market in the near future. However, high R&D costs and lack of awareness about the various biostimulants products, particularly in emerging economies, will restrain the market growth during the forecast period.

Complete report available @ Biostimulants Market - Forecasts from 2017 to 2022

Geographic Outlook

Europe holds the largest share of the global biostimulants market owing to rising demand for sustainable agricultural products and increase farm profitability. However, APAC region will witness the fastest market growth due technological advancements and growing awareness regarding benefits of organic food products in the region.

Segmentation

Thirdly, Biostimulants market has been segmented on the basis of active ingredients, crop type, application, and geography as follows:

By Active Ingredients
Acidic Biostimulants
Extract Biostimulants
By Crop Type
Fruits
Vegetables
Turfs
Ornamentals
Row Crops
By Application
Foliar
Soil
Seed
By Geography
Americas
North America
US
Canada
Mexico
Others
South America
Brazil
Argentina
Others
Europe Middle East and Africa
Europe
United Kingdom
Germany
France
Italy
Spain
Others
Middle East and Africa
Asia Pacific
Japan
China
India
Australia
Others
Market Players

Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Italpollina, BASF, Bayer, Syngenta, BioAg Alliance, Biostadt and Koppert BV among others. 

Contact:

Debora White

Manager - Marketing

debora@reportstack.com

Ph: +1-888-789-6604

ReportstackMarket Research

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