Reports and Data estimates the global Biostimulants competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Biostimulants during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include BASF (Germany), Isagro Group (Italy), Valagro (Italy), Bayer (Germany), Italpollina (Italy), Koppert Biological Systems (Netherlands), Sapec Group, Valagro Group, Novozymes A/S Acadian Seaplants (Canada), UPL (India), and Biolchim (Italy)
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Biostimulants Overview :-
The global biostimulants market size was USD 2.89 billion in 2020 and is expected to register a CAGR of 11.3% during the forecast period. Key factors, such as increasing concerns about environmental impact of chemical products and rising need to develop and use eco-friendly products, are boosting global market revenue growth. Biostimulants reduce the need to add fertilizers to enhance growth and productivity of crops and plants. They increase nutrient uptake of plants, antioxidant activity, and stress tolerance of plants to drought, floods, extreme temperatures, and salinity and are an effective alternative for chemical-based products as they are environment-friendly, cost-effective, and give better crop yield. Biostimulants are used for various plants including cereals & pulses, fruits & vegetables, turfs & ornamentals, and oilseeds & pulses.
Biostimulants have become popular due to their important role in sustainable agricultural practices. Growing awareness about advantages of biostimulants utilization and adoption of eco-friendly products globally are fueling growth of the biostimulants market. High demand for high-value crops and scarcity of arable land for cultivation are some key factors boosting the demand for biostimulants.
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For the purpose of this report Reports and Data has segmented global Biostimulants market on the basis of type, application, and region:
By Based On Crop Type
· Cereals & Grains
· Fruits & Vegetables
· Turf & Ornamentals
· Oilseeds & Pulses
· Others
By Based On Application Method
· Foliar Treatment
· Soil Treatment
· Seed Treatment
By Based On Form
· Dry
· Liquid
Sales Channel Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2020-2028)
· Online Retailing
· Offline Retailing
Processing Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2020-2028)
· Acetylation & Hydrolysis
· Dry Spinning Method
End-Use Verticals Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2020-2028)
· Cigarette Filters
· Textile & Apparel
· Membrane Filters
· Pigment & Dye
· Others
Key Regional Markets Covered in the Report:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
· What is the expected year-on-year growth of the Biostimulants during the forecast period?
· What key trends are expected influence revenue growth of the market going ahead?
· Which region is expected to account for largest revenue share over the forecast period?
· Which key companies are profiled in the report?
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About Reports and Data
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