Biostimulants Market By Crop Type (Fruits And Vegetables, Row Crops, Turf And Ornamentals), By Application (Foliar, Seed, Soil), By Active Ingredients (Acid-Based Biostimulants, Extract-Based Biostimulants, Seaweed Extracts, Other Plant Extracts) - Growth, Future Prospects, Competitive Analysis And Forecast To 2016 - 2023

Growing world population is fuelling demand for food and thus, leading improvement in agriculture. Analyzing world population, it is anticipated to reach around 8 billion by 2030 and around 9 billion by 2050. This is further expected to generate substantial demand for appetite, thereby agriculture will play an important or key role in global economy. Also, agriculture is a major contributor to world’s economy and increasing demand for more productive and efficient resources to mitigate food demand leading to enough crop production is anticipated to fuel demand for Biostimulants in the near future. Biostimulants are used in varied applications in horticulture and agriculture. This is further leading to rising crop yields, inclination of government to environment, and others. Basically, biostimulant is referred to a material containing microorganism or a substance, which is used to stimulate nutrient uptake, efficiency and crop quality and nutritional content of the crop.

Some of the factors driving the demand for biostimulants include rising awareness among crop growers worldwide, increasing demand for organic products, extensive research and development for development of efficient and effective agricultural products and increasing world population, thereby leading towards substantial demand for food. However, availability of skilled growers in few potential countries, which will help in utilization of biostimulants restricts the market growth.

Globally, biostimulants market in Europe is expected to be largest in terms of value followed by Asia Pacific and North America. Increasing government support and subsidies related to improved agricultural practices and crop yield methods. Asia Pacific is further anticipated to exhibit fastest CAGR during the forecast period, which is attributed to growing food and beverage industry in China and India leading towards demand for biostimulants coupled with climatic changes that have led to yield boost in China, easy availability growing awareness among farmers related to bistimulants usage.

Global biostimulants market is expected to be valued at US$ 1.7 Bn by the end of 2016 and is projected to expand at a CAGR 10.7% during the forecast period 2016-2023. The market is anticipated to witness two fold growth by 2023, as compared to the market estimation in 2016.

Biostimulants Market

Purpose of the Report

The purpose of this strategic research study titled “Global biostimulants market- Growth, Future Prospects, Competitive Analysis and Forecast, 2016 – 2023” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global biostimulants market.

Target Audience

  • Industry Investors
  • Research Professionals
  • Emerging Companies
  • biostimulants manufacturers
  • Oil & Gas exploration and production companies
  • Downstream & Midstream Companies
  • Research Institutes

USP and Key Offerings

The report titled “Global Biostimulants Market- Growth, Future Prospects, Competitive Analysis and Forecast, 2016 – 2023” offers strategic insights into the biostimulants market along with the market size and estimates for the duration 2013 to 2023. The said research study covers in-depth analysis of multiple market segments based on crop type, application, active ingredients and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading biostimulants manufacturers, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

  • Current and future market trends to validate the forthcoming attractive markets within chemicals and materials industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 3-Year market size data (2013 – 2015)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global biostimulants market growth, offering market size and estimates for the period from 2013 to 2023, keeping in mind the above mentioned factors.

On the basis of crop type, the biostimulants market is categorized into following types:

  • Fruits & Vegetables
  • Row Crops
  • Turf & Ornamentals
  • Other Crop Types

Rising demand for plentiful, affordable and healthy food products among consumers is leading to improvisation in supply chain right from sourcing to manufacturing among food product manufacturers. Since, crop yield is prime aspect in determining food quality, there have been continuous efforts from governments of various countries to enhance standards related to crop production along with meeting environmental standards. Of different crop types, row crops segment holds largest market share and is expected to maintain its dominance throughout the forecast period. Increasing world population drives the demand for food products subsequently. Thus, availability of efficient supply to mitigate the demand is a concern among food and beverage manufacturers, thereby leading to adoption of agricultural products such as biostimulants, resulting in better crop quality and yield.

Furthermore, increasing consumption of oilseeds including cottonseed, sunflower, soybeans, rapeseed and others; cereals including corn, wheat, rice, and barley is a key factor supporting the growth of row crops segment during the forecast period. Fruits and vegetables segment is expected to record highest growth, which is attributed to its increasing health conscious consumers, leading towards demand for organic food products, thereby fuelling biostimulants market growth across the globe. In addition, changing climatic conditions have led to fluctuating crop yields in few countries, resulting in adoption of biostimulants among growers to enhance the crop yield and quality simultaneously.

Biostimulants Market

On the basis of geography, the global biostimulants market is segmented as per following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

In 2015, Europe was the leading market followed by Asia Pacific. Both these regions together accounted for more than 65% share of the market in terms of value. However, growth is projected to be fastest from the Asia Pacific region during the forecast period 2016 to 2023. Robust growth in this region is attributed to growing demand for organic food products coupled with increasing awareness related to organic and sustainable farming especially in countries such as China and India. This is further expected to lead towards adoption of biostimulants, thus fuelling biostimulants market growth. Moreover, government focus on enhancing awareness among growers for adoption of technically advanced agricultural products and practices is stimulating the market growth. The market for biostimulants in Latin America is anticipated to record significant growth, followed by Middle East and Africa. The market for biostimulants in North America is projected to grow at a moderate rate during the forecast period.

Biostimulants Market

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Published Date:  Dec 2016
Category:  Food & Beverage
Report ID:   58271
Report Format:   PDF
Pages:   120
Rating:    4.2 (50)
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