Biostimulants Market Industry report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency.
Los Angeles, CA -- (SBWIRE) -- 12/04/2019 -- The global Biostimulants is expected to witness significant growth in the coming years owing to growing need to increase the overall agricultural yield. Biostimulants improve the uptake of nutrients, increase the yield of crops like wheat, barley, and rice, and develop tolerance to abiotic stresses. Moreover, they find application in broad-acre crops such as pulses, cereals, and fiber crops.
The Biostimulants market has been undergoing a number of product introductions since past few years. One such instance is Ergostim® launched by a key company called, Isagro S.p.A. It is an exclusive Biostimulant that improves stress tolerance and enhances crop growth as well as performance.
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Partnership to emerge as a key business strategy among the key players
Isagro S.p.A., BASF SE, Micromix Plant Health Ltd., Marrone Bio Innovation, Trade Corporation International (Part of Sapec Group), Plant Health Care PLC, Koppert B.V., Syngenta (Subsidiary of ChemChina), Monsanto Company (Part of Bayer), Andermatt Biocontrol AG, Novozymes, Inc., BioWorks, Inc., Italpollina S.p.A., Valagro SpA, Biostadt India Limited, Biolchim S.p.A., and Arysta Life Science Corporation are some of the key manufacturers operating in the global Biostimulants market.
Market Segmentation
By Active Ingredient
? Acid Based
? Extracts based
? Microbial Amendments
? Trace Minerals and Vitamins
? Others
By Formulation
? Liquid Formulation
? Dry Formulation
By Application
? Foliar Spray
? Soil Treatment
? Seed Treatment
Acid based ingredients, particularly amino acids, are popular in the Biostimulants market. Majority of the Biostimulants are available in the liquid formulation. Dry form of Biostimulants are expected to gain traction in the coming years on account of their easy handling and improved shelf life.
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Surge in the agricultural applications to drive the Biostimulants market
Growing applications of Biostimulants in the agricultural industry is a key factor supporting the = growth of the Biostimulants market. There is an increasing need to ensure food safety using sustainable farming techniques, which is, in turn, driving the demand for Biostimulants. Surge in the awareness among the end users regarding the nutritional benefits.
By Region
Strict EU regulations on environmental safety and support for organic farming is expected to offer growth opportunities for the Biostimulants market in Europe. Widespread usage of Biostimulants in Europe is also a key factor driving the Biostimulants market. Germany, Italy, and France are the key contributors to the regional market growth. Asia Pacific is expected to witness significant growth in the near future, the reason being increasing awareness among the farmers pertaining to the benefits of Biostimulants.