Scope of the Study
Bio stimulants are materials, other than fertilizers, that promote plant growth when applied in low quantities. It is made up of a variety of biological substances, microorganisms, and compounds that can be applied directly to plants, seeds, or soil to improve a plantís vigor, increase crop yields, and relieve plant stress. Moreover, bio stimulants are an effective substitute to chemical-based agro products and are replacing these at a higher rate due to their environment-friendly nature and performance efficiency
The market study is being classified by Type (Acid based, Seaweed extract, Microbial and Others), by Application (Foliar Treatment, Soil Treatment and Seed Treatment) and major geographies with country level break-up.
BASF SE (Germany), Biolchim S.p.A. (Italy), Isagro S.p.A. (Italy), Koppert B.V. (Netherlands), Biostadt India Limited (India), Italpollina S.p.A. (Italy), Novozymes A/S (Denmark), Platform Specialty Product Corporation (U.S), Sapec Group (Belgium) and Valagro S.p.A. (Italy) are some of the key players profiled in the study.
Research Analyst at AMA predicts that Italian Vendors will contribute to the maximum growth of Global Bio Stimulants market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Bio Stimulants market by Type, Application and Region. On the basis of Type, Acid based are dominating the market in the year 2018 where as Seaweed extract stood as second largest market share.
On the basis of application, Foliar Treatment segment is dominating the market in the year 2018 where as Soil Treatment segment stood as second largest market.
On the basis of geography, the market of Bio Stimulants has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Crop, the sub-segment i.e. Crops and Cereals will boost the Bio Stimulants market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Dry will boost the Bio Stimulants market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growth in the organic food industry worldwide
- Easier availability of raw material and limited investments
- Growing popularity of precision farming
- Less innovation in product development
- Indistinct legislatory standardization of bio stimulants
- Strong market potential in developing economies
- Lack of awareness regarding bio stimulants
The European Biostimulant Industry Coalition (EBIC) provides guidance on regulatory issues to producers, stakeholders, public policy makers, and the general public and The European Biostimulant Industry Council (EBIC) promotes the contribution of plant biostimulants to make agriculture more sustainable and resilient and in doing so promotes the growth and development of the European Biostimulant Industry
Key Target AudienceManufacturers of Bio stimulant, Seaweed harvesters, Manufacturers of crop protection product, Traders/distributors/suppliers of humic acids and seaweed, Bio stimulant importers/exporters, Bio stimulant industry bodies, Suppliers of Bio stimulant raw material, Government and research organizations and Agricultural institutes and universities
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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