Biostimulants (Foliar, Soil & Seed) Market to Hit 10.4% CAGR to 2021 Led by Seaweed Extracts
Biostimulants market is projected to grow at a CAGR of 10.4% in terms of value driven by Innovative product formulations from seaweed extracts and microbials while seaweed extracts and microbial amendments are projected to be the fastest-growing segments.
Pune, India – June 13, 2016 /MarketersMedia/ —
The biostimulants market is projected to reach USD 2.91 billion by 2021. This market has been gaining prominence among broad-acre crops to improve the crop productivity against different stress conditions such as intense heat, drought, salinity, or floods. Factors such as raw material availability and widening applications in row crops such as cereals and oilseeds for its efficient stress response mechanism are projected to drive the biostimulants market.
Complete report on global biostimulants market spread across 198 pages, profiling 10 companies and supported with 119 tables and 65 figures is now available http://www.rnrmarketresearch.com/biostimulants-market-by-active-ingredients-humic-acid-fulvic-acid-amino-acid-seaweed-extracts-applications-foliar-soil-seed-crop-types-row-crops-fruit-vegetable-turf-ornamental-g-market-report.html .
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.
Row crops such as cereals, oilseeds, and pulses account for a larger share in the global cropped land and thereby, these crop segments are projected to cover a large scale of acreage for the application of biostimulants. Cereals such as wheat, corn, barley, and rice as well as oilseeds such as soybeans, sunflower, rapeseed, and cottonseed are projected to be a strong factor in supporting the market demand of biostimulants.
The growth in the Asia-Pacific region is supported by the increasing demand to step up the productivity of intensely cultivated food crops such as rice, wheat, soybeans, and corn. Biostimulants not only enhance crop growth during harsh conditions in these regions but also improve the crop yield and quality.
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).
Get a discount on the report of Biostimulants Market by Active Ingredient (Humic acids, Fulvic Acids, Seaweed, Microbials, Trace Minerals, Vitamins, and Amino acids), Application Method (Foliar, Soil, and Seed), Crop Type, & by Region – Global Trends & Forecasts to 2021 research report at http://www.rnrmarketresearch.com/contacts/discount?rname=99533 .
Break-up of primaries, by the following:
• By Company Type: Tier 1 – 20%, Tier 2 – 50%, and Tier 3 – 30%
• By Designation: C level – 28%, Director level – 22%, and Others – 50%
• By Region: Europe–40%, North America – 25%, APAC – 22%, and Latin America – 13%
On a related note, another research on Agricultural Biologicals Market Global Forecast to 2020 says, the global agricultural biologicals market is projected to reach USD 10.05 billion by 2020, growing at a CAGR of 14.5% from 2015 to 2020. Biopesticides projected to be the fastest growing market from 2015 to 2020. Use of agricultural biologicals in cereals & grains application is expected to grow at the highest CAGR. Companies like Syngenta, The Dow Chemical Company, Bayer Cropscience AG, BASF SE, Isagro Spa and Novozymes A/S have been profiled in this 187 pages research report available at http://www.rnrmarketresearch.com/agricultural-biologicals-market-by-type-biopesticides-biofertilizers-biostimulants-application-cereals-grains-oilseeds-pulses-fruits-vegetables-others-sources-microbials-biorationals-others-st-to-2020-market-report.html .
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