London, UK -- (SBWIRE) -- 03/25/2015 -- Biostimulant is a substance which is neither a plant nor a pesticide, but it has a significant impact on the plant health. It is an organic material which when applied in small quantities leads to plant growth such that the response cannot be endorsed to application of traditional plant nutrients. Biostimulants are mixture of microorganisms, plant hormones, enzymes, seawoods and trace elements. They are not fertilizers that are used for correcting any nutrient deficiency in plants but they enhance the water holding capacity, nutrient availability metabolism and increase chlorophyll production and antioxidants. They influence several metabolic processes which include photosynthesis, respiration, ion uptake and nucleic acid synthesis. They act in synergy with plant nutrients. Biostimulants have a variety of applications in the horticulture and agriculture. Due to its promising and emerging concepts they have attracted various segments in the agriculture and horticulture.
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The key drivers for the growth of biostimulants market include changing climatic conditions owing to global warming and to provide sustainable food to the ever growing population. Other factors includeits properties such as environmental friendliness and organic origin which add to the rise in productivity of crops.
The biostimulants market is segmented into two divisions that include the acid based biostimulants that include amino, humic and fulvic acids and extract based biostimulants which comprise seaweed extract-based biostimulants. Acid-based biostimulant is the largest segment in the market while the extract-based biostimulant is the fastest growing segment in the market. The application market is segmented based on crops such as ROW crops, vegetables, fruits, ornamental and turf among others.
The key regional segments for biostimulants market are North America, Europe, Asia Pacific and Rest of the World (RoW).Europe market was the largest market for Biostimulant due to the speedy development of innovative biostimulants owing to its higher productivity.Major demand in biostimulants products market is anticipated to come from economies such as India, Italy, U.S., Brazil,Spain, Australia, Germany, Canada, and UK among others. In most of the countriesbiostimulants are considered as standalone product. In France, biostimulants are known as additives, in Germany the product is sold as a plant growth enhancer or plant strengthener.
The biostimulantsmarket is may experience a decline in the growth due to slow technological advancements in the field. This factor may lead to sluggish growth of the biostimulant market. However, there are number of organizations that are now promoting for further research in biostimulants. The European Biostimulant Industry Council (EBIC) was founded in June 2011 and is into promotion of plant biostimulants to make sustainable agriculture. They help provide a platform for the biostimulants industry to communicate with the key stakeholder groups to find solutions to the concerns that arise regarding biostimulants.
Biostimulant manufacturers and green biotechnology companies that look forward to focus on emerging technologies, new markets and traditional agricultural products are among key players manufacturers that focus to expand with new product contributions, many multinationals that are engaged in providing traditional crop inputs are involved in the biostimulant industry. Biostimulant Coalition is a group formed of interested companies who cooperate to address legislative and regulatory issues that involve naturally and biologically derived additives. The coalition is a nonprofit association of interested parties or companies. Some of the key companies that are involved are BASF, Actagro, andArystaLifescience North America among others.
The key players in the lightweight materials market are:ArystaLifeScience Corporation, Agrinos AS, ArystaLifeScience, ILSA SPA, BioAtlantis Ltd, AtlanticaAgricola, BiostadtIndiaLimited, ItalpollinaSPA,NovozymesBioAg, Lallemand, Inc, Valagro Group, OmexAgrifluids Ltd.KoppertB.V, Taminco Corporation among others.
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