Biostimulants market to show a positive Growth Rate of 10.4% from 2016 to 2021 which will increase investors interest towards Biostimulants product production

Biostimulants are designed to help farmers meet growing agricultural demand sustainably. Biostimulants improve crop yield and quality, which has a positive impact on farm profitability. Biostimulants also improve the uptake and efficient use of other essential inputs, notably fertilizers.

The biostimulants market is projected to reach USD 2.91 Billion by 2021, at a CAGR of 10.4% from 2016 to 2021. In terms of area of application, the biostimulants market is projected to reach 24.9 Million hectares by 2021, and is projected to grow at a CAGR of 11.7%.

Investors are increasingly interested in the potential of the biostimulants sector because of its significant growth potential.

The biostimulant products are gaining popularity for their fastest-growing innovative ingredient segments such as seaweed extracts and microbial amendments, owing to the need for adopting sustainable practices effectively with limited resources (land, water, and nutrients).

Complete report, on Biostimulants market spread across 198 pages, with 119 tables and 65 figures is now available at  

“Innovative product formulations from seaweed extracts and microbials are projected to boost the biostimulants market”

Among the key ingredients considered, seaweed extracts and microbial amendments are projected to be the fastest-growing segments. Seaweed extracts provide larger benefits in terms of improving soil structure and aeration, increasing biotic and abiotic stress tolerance, enhancing seed germination, and stimulating root growth, flower set, and fruit production. For nitrogen fixation and nutrient solubilization, PGPR and PSB are projected to become an important part of biostimulant formulations.

In the biostimulants market, row crops are projected to gain strong growth, in terms of value and area, in the next five years with respect to strengthen crop production during adverse stress conditions such as drought and intense heat.

Europe accounted for the largest market share in 2015, whereas the Asia-Pacific region is the fastest-growing market from 2016 to 2021 with respect to biostimulants. Growth in the Asia-Pacific region has been attributed to the strong demand to improve crop productivity of cereals and oilseeds within the concept of good agricultural practices.

Raw materials such as humic substances, organic waste matter, and vermicompost are utilized by farmers from their own farm resources, without complete awareness of their function as sources of biostimulants such as humic acids and fulvic acids. The popularity of biostimulant products depends on the understanding of its constituents and benefits, among the farmers. Companies, being aware of the effectiveness of these specific acids, extract them and provide them as ready-to-use end products to the market, sometimes formulated along with microbials and amino acids. The information gap caused by misplaced marketing about the concept of biostimulants serves as a challenge toward the growth of the biostimulants market.

Key market players such as BASF SE (Germany), Novozymes A/S (Denmark), IsagroSpA (Italy), Platform Specialty Products Company (U.S.), ValagroSpA (Italy), and BiolchimSpA (Italy) have been profiled in the report. Other players include Sapec Group (Portugal), Koppert B.V. (the Netherlands), Biostadt India Limited (India), and Italpollina SpA(Italy).

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Reasons to buy this report:

To get an overview of the global biostimulants market

To gain insights of the key players of the industry, their product portfolios, and key strategies adopted by them

To get an overview about the countries/regions witnessing strong demand in the biostimulants sector in order to ascertain investment decisions for business operations

To gain knowledge of the growth of various subsegments in order to strengthen the areas for product launches and innovations, and service customization.

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