DUBLIN--(BUSINESS WIRE)--The "Biostimulants Market by Active Ingredient, Application Method, and Crop Type - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020-2028" report has been added to ResearchAndMarkets.com's offering.
The global biostimulants market accounted for USD 2.19 Billion in 2020 and is expected to reach USD 4.88 Billion by 2028, growing at a CAGR of 10.5% from 2021 to 2028.
Companies Mentioned
- BASF SE
- Bayer AG
- Italpollina S.p.A.
- Valagro
- Biovert SA
- Arysta LifeScience Limited
- Agrinos
- ILSA S.p.A.
- Biostadt India Limited
- Koppert B.V.
Biostimulants are products that are used to increase plant growth and also reduces the need for fertilizers. These substances when used in less concentrations are efficient and helps in plant's vital processes allowing more yields and good quality products. Furthermore, biostimulants also helps to enhance nutrition efficiency, abiotic stress tolerance and plant quality, regardless of its nutrient contents. The raw materials that are being used in biostimulant compositions consists of humic acids, hormones, and algae extracts, among others. The market is primarily driven by increasing increase in need for sustainable agriculture. The technological advancements like identifying gene expression or changes using molecular microarray analysis to determine biostimulant mode of action is expected to augment the growth of the market in the years to come.
COVID-19 Impact Analysis
The outbreak of COVID-19 pandemic has impacted almost every industry including the global biostimulants market that has witnessed a decline in the revenue share during the first half of pandemic due to the strict lockdown and other restrictions enforced by governments in order to contain the spread of the corona virus. As a result, supply and demand chain was disrupted in turn reducing the demand for market goods. Most of the of biostimulant producers were allowed to operate since they were considered necessary to the environment. However, the world markets are slowly opening to their full potential and is expected to augment the demand of biostimulants market.
Growth Factors
The growing adoption of biostimulants due to the nutritional benefits they offer and their use on crops has supported the growth of the market during the forecast period. The growing organic food industry at a phenomenal rate, is contributing to the growth of biostimulant market. The application of biostimulants has advanced immensely that includes high crops such as fruits & vegetables to broad-acre crops like cereals, pulses, and fiber crops. Biostimulants also enhances the uptake of nutrients, develop tolerance to abiotic stresses, and increases the yield with quality crops. The immense possibility in the application of biostimulants for these broad-acre crops can lead to the significant growth of this market. Furthermore, easier availability of seaweeds as raw materials and strong market demand from high-value crops is anticipated to augment the growth of the market in the upcoming years.
Key Topics Covered:
Chapter No. 1: Introduction
Chapter No. 2: Executive Summary
Chapter No. 3: COVID 19 Impact Analysis
Chapter No. 4: Biostimulants Market - Active Ingredient Segment Analysis
Chapter No. 5: Biostimulants Market - Application Method Segment Analysis
Chapter No. 6: Biostimulants Market - Crop type Segment Analysis
Chapter No. 7: Biostimulants Market - Regional Analysis
Chapter No. 8: Biostimulants Market - Industry Analysis
8.1. Introduction
8.2. Market Drivers
8.2.1. Driving Factor 1 Analysis
8.2.2. Driving Factor 2 Analysis
8.3. Market Restraints
8.3.1. Restraining Factor Analysis
8.4. Market Opportunities
8.4.1. Market Opportunity Analysis
8.5. Porter's Five Forces Analysis
8.6. PEST Analysis
8.7. Regulatory Landscape
8.8. Active Ingredient Landscape
8.9. Regional Market Trends
8.9.1. North America
8.9.2. Europe
8.9.3. Asia-Pacific
8.9.4. Latin America
8.9.5. The Middle-East & Africa
8.10. Pricing Analysis
8.11. Value Chain Analysis
8.12. Downstream Buyers
8.13. Distributors/Traders List
Chapter No. 9: Competitive Landscape
9.1. Company Market Share Analysis - 2020
9.1.1. Global Biostimulants Market: Company Market Share, 2020
9.1.2. Global Biostimulants Market, Company Market Revenue, 2017-2020 (USD Billion)
9.1.3. Global Biostimulants Market, Company Y-o-Y Growth, 2017-2020(%)
9.1.4. Global Biostimulants Market: Radar Determinant Chart, 2020
9.2. Strategic Developments
9.2.1. Acquisitions & Mergers
9.2.2. New Product Launch
9.2.3. Regional Expansion
9.3. Company Strategic Developments - Heat Map Analysis
Chapter No. 10: Company Profiles
Chapter No. 11: Marketing Strategy Analysis
Chapter No. 12: Research Methodology
For more information about this report visit https://www.researchandmarkets.com/r/5q1dp2
