DUBLIN--(BUSINESS WIRE)--The "Biostimulants Market by Active Ingredient (Acid Based, Extracts based), Application (Foliar Spray, Soil Treatment, Seed Treatment), Formulation (Liquid, Dry), and Crop Type (Row Crops, Fruits and Vegetables) - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global biostimulants market is expected to grow at a CAGR of 13.4% from 2019 to 2025 to reach $4.47 billion by 2025 whereas, in terms of volume, this market is expected to reach 4,46,651.3 metric ton by 2025, growing at a CAGR of 12.4% during the forecast period.
The growth of this market is mainly attributed to the growing need to increase crop yield and quality, growing organic farming and demand for organic food, wide range of benefits of biostimulants in crop production, and growing awareness about environmental safety with the use of biostimulants. However, lack of education and awareness among farmers and various challenges to new entrants and small companies hinders the growth of this market.
Based on active ingredients, acid based biostimulants segment is estimated to command the largest share of the overall biostimulants market in 2019.
The large share of this segment is mainly attributed to their wide range of benefits to the plant, higher efficiency, and easy availability. However, extract based biostimulants market is expected to witness the fastest growth during the forecast period.
Based on formulation, liquid formulation is estimated to command the largest share of the overall biostimulants market in 2019.
The large share of this form is mainly attributed to the liquid formulation's higher effective duration (up to 6 months) as compared to that of dry formulation (up to 3 months), as well as their better performance over dry formulation.
Geographically, the global biostimulants market is segmented into five major geographies, namely North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Asia pacific region is estimated to register the fastest growth during the forecast period, primarily due to the large area under agriculture cultivation, rising need to increase the crop yield and quality, increasing demand for organic food, and various government initiatives to develop and increase application of biologicals in the region.
Scope of the report
Biostimulants Market by Active Ingredient
- Humic Acid
- Fulvic Acid
- Amino Acids
- Extract Based
- Seaweed Extract
- Other Botanical Extracts
- Microbial Amendments
- Trace Minerals and Vitamins
Biostimulants Market by Mode of Application
- Foliar Spray
- Soil Treatment
- Seed Treatment
Biostimulants Market by Formulation
- Liquid Formulation
- Suspension Concentrate
- Soluble Liquid Concentrate
- Emulsifiable Concentrate
- Dry Formulation
- Dry Granules
- Wettable Powder
- Water Dispersible
Biostimulants Market by Crop Type
- Row Crops
- Fruits and Vegetables
- Turfs and Ornamentals
- Growing Need to Increase Crop Yield and Quality
- Growing Organic Farming and Demand for Organic Food
- Wide Range of Benefits of Biostimulants in Crop Production
- Increasing Awareness about the Environmental Safety with the Use of Biostimulants
- Lack of Education and Awareness Among Farmers
- Challenges to New Entrants and Small Companies
- No Standardized Regulatory Framework for Biostimulants
- Scientific and Technical Challenges for Development of Biostimulants
- BASF SE
- Valagro SpA
- Biolchim S.p.A.
- Marrone Bio Innovation
- Monsanto Company (Part of Bayer)
- Trade Corporation International (Part of Sapec Group)
- Plant Health Care PLC
- Syngenta (Subsidiary of ChemChina)
- Biostadt India Limited
- Andermatt Biocontrol AG
- Koppert B.V.
- Isagro S.p.A.
- Italpollina S.p.A.
- Micromix Plant Health Ltd.
- FMC Corporation
- BioAtlantis Ltd
- Omex Agrifluids Limited (Subsidiary of Omex Group)
- Agrinos AS
- Som Phytopharma India Limited
- EuroChem Group AG
- SICIT 2000 SpA
For more information about this report visit https://www.researchandmarkets.com/r/sztaf7