DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Asia Pacific Biostimulants Market - Forecasts from 2017 to 2022" report to their offering.
Asia Pacific is the fastest growing regional market for biostimulants and is projected to expand at a CAGR of 14.02% over the forecast period to reach US$741.095 million in 2022.
Major factor driving the increasing usage of biostimulants in the region are burgeoning need to enhance crop yield and quality owing to increasing demand for food products. Moreover, stress on sustainable agriculture and adoption of precision agriculture is also contributing to the market growth. Furthermore, growing health awareness is leading to the large-scale adoption of organic food products and thereby contributing to the surge in the demand for biostimulants over the forecast period in the region.
Geographically, Asia Pacific region is segmented into China, India, Japan, Australia, and others. The reason of high Biostimulants market growth in the region is the need to enhance the crop quality and yield of intensely grown food crops such as wheat, rice, soybean, and corn. Further, reduction in arable land owing to rapid industrialization and urbanization is augmenting the need for increasing per hectare crop yield, leading to higher use of biostimulants over the forecast period.
Key industry players profiled as part of this section are Isagro S.p.A, Taminco Corp., Valagro S.p.A, Italopolina S.p.A, Biostadt India Limited, and Koppert BV among others.
By Active Ingredients
- Acidic Biostimulants
- Extract Biostimulants
By Crop Type
- Row Crops
- Italpollina S.p.A.
- Arysta Life Sciences
- Trade Corporation International
- Biostadt India Limited
- Koppert B.V.
- Isagro S.p.A ,
- Taminco Corp.
- Valagro S.p.A
For more information about this report visit http://www.researchandmarkets.com/research/62zx9r/asia_pacific