The global biostimulants market size reached USD 3.28 Billion in 2021 and is expected to register a revenue CAGR of 12.1% during the forecast period, according to latest analysis by Emergen Research. Technological advancements in biostimulant production are an important factor driving market revenue growth. Manufacturers have the chance to develop innovative brands within biostimulant categories because of technological advancements in the industry. The use of biostimulants as stimulators of plant growth is gaining momentum in the agricultural sector. Initially, only high-value crops like ornamentals and plantation crops were treated with biostimulants, in addition to vegetable and fruit crops. As a complement to fertilizers, they are now deployed to stimulate the absorption of nutrients by conventional food crops including maize, wheat, and rice, where they play an important role in the production of food. Climate change’s consequences are felt owing to an increase in the frequency of tropical cyclones, an uneven distribution of rainfall that causes brief dry conditions, and higher temperatures. It is getting harder to provide food security as the population grows owing to the significant impact of climate change on agricultural productivity.
The current COVID-19 pandemic is expected to have an effect on the growth of the biostimulants industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns. The COVID-19 pandemic has affected several sectors of the global market, and the biostimulants sector is expected to feel the impact of the pandemic. The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall biostimulants industry. The subject matter experts conducting the study offer a deep understanding of how prominent leaders have managed to navigate the potential buyers and competitive dynamics influencing their brand positioning in the industry The Biostimulants market analysis provides everything a business owner needs in order to succeed.
Click To get SAMPLE PDF (Including Full TOC, Graphs & Charts, Table & Figures) @https://www.emergenresearch.com/request-sample/1285
Some Key Highlights From the Report
- Liquid segment accounted for the largest revenue share in 2021. To facilitate simpler application and transportation, biostimulants are typically offered in liquid form. Liquid form enhances nutrient intake, speeds up leaf nutrition absorption, and improves cellular activity which is driving segment revenue growth.
- The soil treatment segment accounted for a moderate revenue share in 2021. Biostimulants increases plant growth, vigor, yield, and output while also enhancing soil health and nutrient usage. Nutrient availability is increased and root development is favored as a result of biostimulant substances capacity to cause nutrient buildup in the soil. Plowing and other conventional agricultural methods like leaving soils exposed have often harmed the soil and depleted its vital organic matter reserves. Biostimulants are useful in this situation since they increase soil biological activity which are key factors driving revenue growth of the segment.
- Market in North America accounted for a moderate revenue share in 2021. Increasing research & development and innovation in this region are driving the market revenue growth. For instance, on 10 November 2021, Corteva Agriscience launched its first nutrient efficiency biostimulant, Utrisha N, giving Canadian farmers a naturally derived biological tool to effectively manage their nitrogen investment, and reduce their carbon footprint and provide crops access to nitrogen all season long. A naturally occurring bacteria called Utrisha N works by absorbing nitrogen from the air and transforming it into a form that plants can use. This improves plant growth and resistance by giving crops a steady source of nitrogen throughout their whole life cycle.
Major Players/Manufacturers profiled in the report are:
BASF SE, UPL, Valagro, The Gowan Group, FMC Corporation, ILSA S.p.A. Via Quinta Strada, Rallis India Limited, Haifa Negev technologies, ADAMA Ltd, and EBIC.
Request a discount on the report @https://www.emergenresearch.com/request-discount/1285
For better understanding, the report further divides the market into key segments such as product types and application spectrum. The report also offers estimates about the segment and sub-segment expected to grow at a rapid pace and the key factors expected to drive revenue growth of the segments during the forecast timeline of 2022-2022.
Emergen Research has segmented global Biostimulants market on the basis of active ingredient, form, mode of application, and region:
- Active ingredients (Revenue, USD Billion; 2019–2030)
- Humic substances
- Humic acid
- Fulvic acid
- Seaweed extracts
- Microbial amendments
- Amino acids
- Other active ingredients (include vitamins, trace minerals, and polysaccharides)
- Form Outlook (Revenue, USD Billion; 2019–2030)
- Liquid
- Dry
- Mode of Application Outlook (Revenue, USD Billion; 2019–2030)
- Foliar
- Soil Treatment
- Seed treatment
Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Request customization of the report @https://www.emergenresearch.com/request-for-customization/1285
The report offers insightful information about the market dynamics of the Biostimulants market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Biostimulants market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Biostimulants market.
Key Benefits of the Report:
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8 year analysis of the Global Biostimulants Market
- Critical assessment of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the market
Click here to Buy Now @https://www.emergenresearch.com/select-license/1285
Thank you for reading our report. To inquire about customization or any query about the report, please get in touch with us. Our team will make sure the report is best suited to your needs. Emergen Research also offers a country-wise customized report as per clients’ needs.
Read similar reports by Emergen Research:
Hematologic Malignancies Testing Market
Robotics Surgical Simulation Systems Market
Recurrent Atrial Fibrillation Market
Spinal Fusion Devices Market
RFID in Healthcare Market
Nanopharmaceutical Drugs Market
Bioanalytical Testing Services Market
Transcatheter Mitral Valve Implantation Market
In-Vitro Fertilization Market
Electronic Skin Patches Market
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: [email protected]
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services