Biostimulants Market Worth USD 3,040.3 Million By 2022

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Global Biostimulants Market is expected to reach USD 3,040.3 million by 2022, supported by a CAGR of 12.7% during the forecast period of 2017 to 2022, according to this latest publication from Meticulous Research®. The global biostimulants market is mainly driven by the growing need to increase crop yield and quality, growing organic farming and demand for organic food, and wide range of benefits of biostimulants in crop production. Moreover, growing awareness about environmental safety with the use of biostimulants has further led the growth of biostimulants market globally. However, lack of education and awareness among farmers, and various challenges faced by new entrants and small players restraints the growth of biostimulants market. Also, unavailability of standardized regulatory framework for biostimulants and scientific & technical challenges for development of biostimulants challenges the growth of this market to some extent.



Market Segmentation
The global biostimulants market is mainly segmented by active ingredients (acid based, extracts based, microbial amendments, trace minerals and vitamins, and others), by application (foliar spray, soil treatment, seed treatment), by formulation (liquid formulation and dry formulation), and by crop type (row crops, fruits and vegetables, turfs and ornamental, others).

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Acid based biostimulants dominated the global biostimulants market, owing to their wide range of benefits to the plant, higher efficiency, and easy availability. However, extract based biostimulants is expected to witness significant growth in the next 5-10 years. With their versatile functional characteristics, the application of biostimulants has been increasing significantly on row crops and fruits and vegetables.

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Geographic Overview

Geographically, the global biostimulants market is segmented into five major regions, namely North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. These regions are further analyzed at a country level with the detailed qualitative and quantitative analysis. Europe holds the major share in the global biostimulants market, followed by North America and Asia-Pacific region. The large share of this region is primarily attributed to the rising concern over harmful chemicals on environment, increasing demand for organic food, rapid development & innovation in biostimulants, and presence of large number of biostimulants providers. However, Asia-Pacific region possesses lucrative growth potential for the biostimulants market and is expected to witness a fastest growth during the forecast period. This is mainly attributed to its large area under agriculture cultivation, rising need to increase crop yield and quality with the growing population, increasing demand for organic foods, and various government initiatives to develop and increase application of biologicals in the region.

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Key players
The key players in the global biostimulants market are BASF SE, Valagro SpA, Biolchim S.p.A., Marrone Bio Innovation, Monsanto Company (Part of Bayer), Trade Corporation International (Part of Sapec Group), Plant Health Care PLC, Syngenta (Subsidiary of ChemChina), Biostadt India Limited,  Andermatt Biocontrol AG, BioWorks, Inc., Novozymes, Inc., Koppert B.V., Italpollina S.p.A.,  Micromix Plant Health Ltd., Arysta LifeScience Corporation (Subsidiary of Platform Specialty Products Corporation), FMC Corporation, Bioatlantis Ltd, Omex Agruifluids Limited (Subsidiary of Omex Group), Haifa Chemicals Ltd., Agrinos AS, Camson Bio Technologies Limited, Som Phytopharma India Limited, EuroChem Group AG, and SICIT 2000 SpA.

About Meticulous Research®
MeticulousResearch® is founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Contact Us:
Viren Shrivastava
AVP- Global Sales and Marketing
Meticulous Research®
Tel: +1-646-781-8004
Email: viren@meticulousresearch.com


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