The global biostimulants market was valued at $1404.0 million in 2014 and is likely to reach $4874.5 million in 2025, growing at a CAGR of 12.45% during the forecast period, 2018-2025 according to progressive Markets’ report, “Biostimulants Market – Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025”
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The study offers an in-depth analysis of the biostimulants market for the historic period, 2014-2017 and the forecast period, 2018-2025. It encompasses the market size, market share analysis, market drivers and restraints, Porter’s analysis, key industry segments, market trends, and company profiles. The data in the report is a result of an extensive market research with valuable opinions from industry experts. The report is a useful tool for market players, investors, and new entrants as it helps them strengthen their position in the international market and devise strategies to survive and grow.
The report provides an executive summary of the global biostimulants industry to help market players, new entrants, and investors gain an understanding of the overall market conditions and determine strategies for growth and sustaining their businesses. Key findings are outlined in the study to assist market players to determine investment feasibility. Market attractiveness and trends analysis are also included in the report. The competitive landscape is provided to help industry players determine the level of competition prevailing in the industry and take decisions to gain a competitive edge.
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The market landscape of the global biostimulants industry is offered based on the growth drivers, restraints and challenges, Porter’s analysis, and market share analysis. The drivers and restraints determine the rise and fall of the market. Factors such as enhanced stress response in crops with the use of biostimulants during adverse conditions, easy availability of biostimulants across the world, and the improvement in crop yields and land fertility due to biostimulants are resulting in a growing adoption of biostimulants. However, the lack of awareness about biostimulants among farmers in the emerging economies is impeding the growth of the industry. Porter’s Five Forces model is provided in the study to determine the level of competition in the market across the globe. The analysis is offered based on the bargaining power of buyers, bargaining power of suppliers, the threat of new entrants, the threat from substitutes, and industrial rivalry.
The report offers a detailed segmentation of the global biostimulants market based on the active ingredients, application, crop type, and geography. By active ingredients, the market is classified as humic substances, seaweed extracts, microbial amendments, trace minerals, vitamins & amino acids, and other ingredients & additives. The extract based segment is likely to grow at a CAGR of 13.13% and the acid based segment is likely to grow at a CAGR of 12.03% during the forecast period. By application, the industry is divided into foliar, soil, and seed. The seed segment is expected to grow at a CAGR of 14.26% during the forecast period. By crop type, the biostimulants industry is bifurcated into row crops, fruits & vegetables, turfs & ornamentals, and other crops. The turfs & ornamentals segment is likely to grow at the highest CAGR of 13.75% while the fruits and vegetables segment is expected to grow at a CAGR of 12.70% during the forecast period. Based on geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In North America, the biostimulants market analysis covers the U.S., Canada, and Mexico. In Europe, the study covers UK, Germany, France, Spain, Italy, and the rest of Europe. The market study in the Asia-Pacific region covers China, Japan, India, Australia, South Korea, and the rest of Asia-Pacific. In LAMEA, the study covers Brazil, Saudi Arabia, South Africa, and the other parts of LAMEA.
The top vendors operating in the global biostimulants market are:
- BASF SE
- Novozymes A/S
- Isagro SAP
- Sapec Group
- Platform Specialty Products Corporation
- Biolchim S.P.A
- Valagro SAP
- Koppert B.V.
- Biostadt India Limited
- Italpollina SAP.
The report provides a detailed analysis of key market players operating in the global biostimulants market. An overview of each player is offered in the market study to help market players and investors gain a thorough understanding of the prevailing market competition and determine investment suitability. Furthermore, financial and business segments of each player are provided. Recent developments by them are also discussed in the report.
A more detailed analysis is available in the Progressive Markets report titled, ‘Biostimulants Market – 2014-2025’. Progressive Markets also customizes reports by other regions and specific segments upon request.
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