Biostimulants Market size to exceed $5bn by 2026
Published Date: December 15, 2020 Authors: Kunal Ahuja, Amit Rawat
Biostimulants Market size is set to surpass USD 5 billion by 2026, according to a new research report by Global Market Insights, Inc.
Biostimulants are emerging as an essential component in sustainable agricultural practices. It increases crops productivity, cell division, metabolism, growth and expansion. Additionally, it provides higher levels of required proteins, amino acids and nitrogen, which improves the transport of sugars and nutrients, besides lipid biosynthesis and transport. Biostimulants are a substitute for chemical-based agro products that improve soil fertility and improves crop productivity which is projected to augment the industry growth.
Biostimulants market demand from seed treatment application is likely to surpass USD 480 million by 2026 owing to its benefits such as improvement in the soil structure under high salty stress and product quality. Additionally, it provides balanced plant growth, promotes good fruit setting and reduces food drop. Moreover, it helps plants to remain vigorous under hostile growth conditions while promoting increased resistance of roots and stimulating new growth, provides higher levels of proteins for wheat growth and high-quality products, which is projected to drive the biostimulants industry statistics.
COVID – 19 pandemics are likely to have positive impact on biostimulants market demand as population across the globe are more concerned about health and hygiene. Consumers are adopting healthy, nutritious, and environmentally friendly, and safe organic food products. These organic product leads to boost the immunity system in the body and helps to reduce health risks which increase demand for biostimulants in the upcoming future.
Browse key industry insights spread across 325 pages with 345 market data tables and 22 figures & charts from the report, “Biostimulants Market Statistics By Active Ingredients (Humic Acid, Fulvic Acid, Amino Acids, Protein Hydrolysates, Seaweed Extracts), Crop (Row Crop, Turf & Ornamentals, Fruit & Vegetables), Application (Foliar Treatment, Soil Treatment, Seed Treatment), By Form (Dry, Liquid), Industry Outlook Report, Regional Analysis, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
Rising organic farming practices and coupled with sustainable agricultural activities should boost product demand
The fostering agriculture industry, together with the growing adoption of natural farming practices, is the key elements driving the market outlook. In addition, rising concerns regarding agricultural sustainability, soil fitness, and environmental safety, biostimulants are increasingly used in conjunction with organic manure to enhance soil fertility and plant ability.
Rising concern related to the use of chemically synthesized insecticides and fertilizers is also a major factor that is positively affecting the industry demand. Biostimulants have a low ecological footprint, non-toxic in nature, and prevent soil fertility, which is the primary reason to adopt biostimulants in soil fertility treatment.
“Biostimulants market from soil treatment is set surpass USD 577 million by 2026 due to adoption of soil fertility to increase the agricultural productivity”
Europe biostimulants market is likely to surpass USD 1.7 billion by 2026 owing to rapid increase in the agriculture sector and rapid introduction of environmental laws & safety norms within the European Union should boost regional market share.
European countries, such as Germany, Italy, and France accounted significant market share during the forecast timeframe. In addition, inventions in plant biostimulants, targeting specific agronomic needs, are attracting new customers in Europe.
“European biostimulants industry is likely to register over 8.5% CAGR through 2026 owing to stringent regulations on environmental safety and support for organic farming”
Companies engaged in biostimulants market are engaging for product development and strategic endeavors to meet the requirements. Key players include, Agricultural Sciences, Arysta LifeScience, Biolchim, Biovert, BASF, , ILSA, Italpollina, Koppert, Lallemand, Bayer, Valagro, Mahafeed Specialty Fertilizers., Artal Agronutrientes, Agrinos, Micromix, and Biostadt India Ltd.
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