Large Population to Drive Massive Growth in Asia Pacific Market
Based on geography, Europe is expected to lead the global biostimulants market. Europe held the largest market share in 2016, nearly 40.0% of the total. Em
Agricultural biostimulants are a wide range of diverse micro-organisms, compounds, and substances which are used in agriculture to improve crop yield, vigor, quality, and resistance to abiotic factors. Rapidly growing urbanization, rising population, and decreasing quality of fertile soils are driving the growth of the biostimulants market at a robust pace. Moreover, many of these biostimulants have been in use for a while. Hence, the end-use industries like food & beverage industry are familiar with their use and their potential for growth.
The global biostimulants market is set to expand at a CAGR of 12.8% from 2017 to 2025. It is expected to reach US$5.93 bn by 2025 from US$20.05 bn in 2016, according to a report by Transparency Market Research. Low ecological footprints and non-toxicity are two key advantages driving the growth of the biostimulants market. Apart from food being a necessity, the economic dependence on agriculture to produce various products makes its supply essential for a wide range of industries. However, increasing use of chemical pesticides, along with fertilizers, has led to environmental damage and direct harm to human beings in many ways. Hence, biostimulants market present a new horizon for growth as well as long term-sustainability.
The Fruits and Vegetables Segment Expected to Bag Largest Share of the Total Revenue
On the basis of application, the main segments of the global biostimulants market are cereals and grains, fruits and vegetables, and oilseeds and pulses, and a category of others that include nursery and turf. The fruits and vegetables segment currently bags the largest share of the total market revenue. In 2016, it earned more than 35.0% of the total market revenue share in the biostimulants market. Growing demand for foods and vegetables, their fragile nature, and growing importance as commercial products are expected to drive the biostimulants market.
The global biostimulants market is divided on the basis of product types into fulvic acids, humic acids, microbial stimulant, amino acids, vitamins, seaweed, and biorationals. Among these, seaweed brings in maximum revenue for the biostimulants market. The seaweed segment is driven by rising demand for seaweed extracts in healthcare products. The appeal of biostimulants as nature-friendly also drives its demand to replace chemical fertilizers.
ergence of effective biostimulants and large investments in agriculture by key economies like Germany, France, UK, and Spain are expected to drive the growth of the biostimulants market. By registering a CAGR of 12.9%, the Europe biostimulants market will gross a total revenue of US$2.63 bn by 2025 end. The biostimulants market in North America is expected to expand at a CAGR of 12.3% and reach US$1.23 bn by 2025.
The biostimulants market in Asia Pacific is predicted to emerge as the fastest growing market globally. It is expected to grow at a 13.9% CAGR between 2017 and 2025. Major cultivation of like crops, soybeans, corn, and rice will receive a major boost due to biostimulants. The biostimulants market can offer better much-needed higher crop yield in this region as well as superior quality.
The biostimulants market features a competitive landscape marked by the presence of several large and small firms. The key players in the global biostimulants market are Biolchim S.p.A., Agrinos, Syngenta, Valagr, Agriculture Solutions Inc., Novozyme, Kelpgrow, Agricen, Koppert Biological Systems, Premier Tech Ltd.
Global Biostimulants Market: Overview?
This report analyzes and forecasts the market for biostimulants at the global and regional level. The market has been forecast based on revenue (US$ Mn) and volume (Kilo Tons) from 2017 to 2025. The study includes drivers and restraints of the global biostimulants market. It also covers the impact of these drivers and restraints on demand for biostimulants during the forecast period. The report also highlights opportunities in the biostimulants market at the global and regional level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global biostimulants market. Porter’s Five Forces model for the biostimulants market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides the estimated market size of biostimulants for 2016 and forecast for the next nine years. The global market size of biostimulants has been provided in terms of revenue and volume. Market numbers have been estimated based on key product, application, and regional segments of biostimulants market. Market size and forecast for each major product and application have been provided in terms of global and regional/country markets.
Global Biostimulants Market: Segmentation
The study provides a decisive view of the global biostimulants market by segmenting it in terms of product, application, and region. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for biostimulants in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual application segments in all the regions.
Global Biostimulants Market: Competitive Analysis
The study includes profiles of major companies operating in the global biostimulants market. Key players in the biostimulants market include Agrinos, Biolchim S.p.A., Valagro, Syngenta, Novozyme, Kelpgrow, Agriculture Solutions Inc., Premier Tech Ltd., Agricen, Koppert Biological Systems, Italpollina spa, and others. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, recent developments, and SWOT analysis.
Global Biostimulants Market: Growth Drivers
The market for biostimulants is primarily driven by rising demand for eco-friendly agro products. Industrialization has led to urbanization, which has resulted in migration to cities. This has significantly changed the present urban landscape and which has led to lack of cultivable land. Moreover, demand for food is increasing day-by-day, and the yield and production of crops is declining. Consequently, crop producers, to increase the per hectare crop yield and to meet the food demand of the rising population, are more dependent on chemical pesticides, which in the long run have significant negative effects on the environment and living beings including humans. An eco-friendly crop production is essentially required in the present scenario. Biostimulants are non-toxic and eco-friendly and offer a powerful tool in the creation of sustainable agricultural products.
Global Biostimulants Market: Research Methodology
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, National government documents, statistical databases, and market reports, European Biostimulant Industry Council (EBIC), Association of American Plant Food Control Officials (AAPFCO), Biostimulant Coalition, Factiva, etc.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
The biostimulants market has been segmented as follows:
Global Biostimulants Market: By Product
- Humic Acid
- Fulvic Acid
- Amino acids
- Microbial stimulant
- Biorationals (Minerals, etc.)?
Global Biostimulants Market: By Application
- Oilseeds & Pulses
- Cereals & grains
- Fruits & vegetables
- Others (Nursery, Turf etc.)
Global Biostimulants Market: By Region/Country/Sub-region
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America