Biostimulants Market size to exceed $4.3bn by 2025

Biostimulants Market size is set to surpass USD 4.3 billion by 2025, according to a new research report by Global Market Insights, Inc.
 

Biostimulants are used to enhance the crop’s natural processes. They work best when used in combinatorial treatment with other synthetic compounds. They naturally facilitate the crops’ absorption rate of nutrients of plants and ornamentals. Trends such as green living, natural and organic have promoted gardening and kitchen gardens which has supported the growth of the biostimulants market growth.

 

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With the advancement in biotechnology, an increasing number of agricultural products containing biostimulants have emerged on the market shelves. These products are also used to minimize the effects of drought, enhances photosynthesis in cloudy regions. Hence, its consumption is not restricted to a geography or soil and the market will grow in both wet and dry regions globally.
 

New research has also indicated that the products significantly reduces the water and fertilizer intake on farms. It has also contributed to improvising the natural flavor in fruits, uniformity in size and enhance its shelf life. The emergence of a special variety of seaweeds extract has witnessed an upward trend in the market. Clean and pollution-free islands of Southeast Asia are becoming popular locations for obtaining seaweed extracts-based biostimulants.
 

Biostimulants market in the seaweed extract segment has emerged as cost-effective in countries located close sea-harbors such as India and ASEAN because they do not require any freshwater, fertilizer, pesticides or energy. These also support the concept of green technology and organic horticulture and farming. This technology is also affordable and results in increased farm productivity. Farmers are further ensured optimized profits by adopting seaweed-based biostimulants.
 

Browse key industry insights spread across 420 pages with 654 market data tables and 20 figures & charts from the report, “Biostimulants Market Outlook By Active Ingredients (Humic Acid, Fulvic Acid, Amino Acids, Protein Hydrolysates, Seaweed Extracts), By Crop (Row Crop, Turf & Ornamentals, Fruit & Vegetables), By Application (Foliar Treatment, Soil Treatment, Seed Treatment), By Form (Dry, Liquid), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Ukraine, Kazakhstan, Turkey, Bulgaria, Greece, Russia, China, India, Japan, Australia, Brazil, Mexico, Argentina, Saudi Arabia, Egypt, Tunisia, South Africa), Growth Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/biostimulants-market
 

“According to industry forecast, biostimulants market from seaweeds extract segment will grow at the rate of 9.9% by 2025 owing to innovation in the marine ingredients market”
 

Inorganic agriculture opens expansions avenues for amino acids based biostimulants

The amino acid segment is booming with innovations such as the crop penetrant technology is a synergistic approach with other agrochemicals. Amino acids cannot be used in the organics sector but its low-costs advantages against other comparable products give it a competitive edge. Amino acids are designed to have broad-spectrum activity, that is, covering multiple growth cycles of the plants and crops. Hence, they have also attained greater market penetration as compared to other segments.
 

Row crops occupy a larger share in the overall biostimulants industry

The row crops segment is anticipated to hold a major share in the overall market, accounting for nearly half of the market share in 2018. The market growth potential for row crops is the highest owing to the increasing row crops such as sunflower, sugar beets, cotton, potatoes, peas, and soybeans over the forecast period. This segment has significantly dwarfed the other crop types owing to its massive consumption in the biostimulants market.
 

“Market analysis exhibits that biostimulants will find enhanced penetration in the fruits and vegetables segment attributed to the fast-growing food processing industry”
 

Biostimulants market gains ground in the foliar application

As the product enhances the nutrient intake directly of the plant leaves in the foliar application, it has gained a high market penetration compared to other applications. Improving the crop’s resistance to stress is crucial for agricultural productivity and environmental sustainability as crops having poor resistance to stress consume too many fertilizers and water, thereby affecting the overall environment and the market yield.
 

The environment created by biostimulants for foliar plays an important role in adaptation and increases the tolerance of crops toward abiotic stresses. They contain Plant Growth-Promoting Rhizobacteria (PGPR) that effectively mitigate the impact of abiotic stresses on plants through the production of biofilm formation and exopolysaccharides. Thus, the use of biostimulants mitigates the influence of drought on crops through a process known as systemic tolerance.
 

Dry form dominates the market share due to convenience in transportation

The powdered or dry form has proven to be considerably advantageous to the biostimulants market participants than liquid form. It precludes issues such as spillage, cold-storage and transportation. This format can also be diluted and applied to plants and can be used in limited quantities and economically. Thus, this format offers cost-effectiveness both to the suppliers and end-users in the market and will continue to retain its dominance over the forecast period.
 

Growth in sustainable agricultural techniques in Europe will foster market growth

Conferences held or supported by the European Biostimulants Industry Council (EBIC) will play a major role in industrial development along with improving the product adoption rate. For instance, a conference on crop innovations & regulations was scheduled in Spain in September 2018. In February 2018, Argus Added Value Fertilizers Europe 2018 conference was held for industry development focusing on product innovations, enhancing the distribution network and increasing market reach. Other factors such as the ban on the use of antibiotics in animal feed will considerably enhance biostimulants market penetration in Europe.
 

Companies are strategizing to acquire established players to strengthen their foothold

Companies are focusing on acquiring players which complement their product portfolio. For instance, Compass Minerals, the company acquired Produquímica in 2016. With this acquisition, the company now manufacture and market a full portfolio of micronutrients, specialty blends and sulfate of potash, as well as biostimulants and adjuvants. The company distributes the product under Abundance Organic, a division of Plant Nutrition.
 

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