Biostimulant Market - Global Market Analysis, Forecasts and Trends (2017 - 2022)
|出版商||Mordor Intelligence LLP||商品編碼||543510|
|出版日期||內容資訊||英文 149 Pages
|生物刺激素的全球市場:分析、預測、趨勢 Biostimulant Market - Global Market Analysis, Forecasts and Trends (2017 - 2022)|
|出版日期: 2017年02月08日||內容資訊: 英文 149 Pages||
The biostimulants market is in its introductory stage, and the market was valued at USD 1,220.73 million in 2013. The market is projected to register a CAGR of 13.58% during the forecast period, 2017-2022, and is estimated to reach USD 3688.75 million by 2022. Europe is the largest market accounting for around 42% of the total market share. Growth in the consumption of organic food is driving the market in this region. The North American biostimulants industry accounts for around quarter of the market. Investments in R&D by the governments and major players are expected to boost growth in the market during the forecast period.
Asia-Pacific is estimated to be the fastest-growing region, due to the push from the regional governments for sustainable farming and the availability of products at cheaper costs. India, China, and Australia are the major markets in Asia-Pacific. The vast untapped markets in these countries are the target areas of the major global players, leading to increased emphasis on sustainable farming approaches, globally.
The factors that are driving a rapid growth in the biostimulants market are expansion of the organic food industry, which is growing at a healthy rate, higher benefits associated with enhanced agricultural yield and productivity. The major constraints that are inhibiting the growth in the biostimulants market include lower awareness rate among the farmers in developing countries and high R&D cost. An increase in the government support, in the form of subsidies, is one of the major opportunities for further growth of the biostimulant market.
The global biostimulants market is segmented, based on active ingredients, into humic acid, fulvic acid, amino acid and protein hydrolysates, seaweed extracts and pothers. Acid-based biostimulants, including humic acids, fulvic acids and amino acids, is a major market segment, accounting for a share of around 50%. The seaweed extracts segment, with 37% of the market share, is expected to witness the fastest-growth during the forecast period. The seaweed extracts market is growing due to the increased demand from the North American and European countries. Biostimulants are most widely used in cereals, and fruits & vegetables. Together, both the segments account for XX% of the market share. Natural biostimulants occupy the largest market share in the segmentation, by type. The foliar method of application is the most preferred for biostimulant supply (it provides ingredients directly to the plant), followed by soil and seed. The seed application of biostimulants is expected to witness the fastest-growth during the forecast period.
Europe is the largest biostimulants market accounting for around 34% of the market share. The European Union's stringent regulations on environmental safety and support for organic farming pave the way for a flourishing biostimulants market in European countries, such as Germany, Italy, and France. Asia-Pacific is estimated to be the fastest-growing market, owing to a push from the governments in the region for sustainable farming and availability of products at lower costs. India, China, and Australia are the major markets in the region. Demand from the North American market is driving the turf and ornamental biostimulants markets.
The global plant biostimulant market is highly fragmented, consisting of various small, as well as, medium-sized companies and few big players, who face stiff competition in the market, due to the development of regional markets and local players in different parts of the world. North America and Europe are the two regions showing maximum development.
Major Companies in the Sector Include:
Arysta Lifescience Corporation
Lallemand Plant Care
Recent Industry Insights
The key players in the market are focused on new product launches to cater to a wider consumer base and expand the market share. Investment in R&D of cheap & effective products is another strategy adopted by market leaders. Manufacturers are also investing in production process to reduce the cost of production. The major players in the market are Arysta LifeScience Corporation, Lallemand Plant Care, Isagro S.P.A, etc. Valagro S.p.A, which is the global leader in the production and commercialization of biostimulants and specialty nutrients, has acquired a majority stake in the Indian biopesticide company Sri Biotech Laboratories India Limited, to develop eco-friendly solutions for the farmers. Arysta LifeScience, in order to reaffirm its position as a global leader in biostimulants, has signed an agreement with Beem Biologics, Inc. With this agreement, Arysta LifeScience will license a new, novel, plant extract-derived biostimulant technology from Beem Biologics.
Key Deliverables in the Study
Market analysis for the global plant biostimulants market, with region-specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global plant biostimulants market on both, global and regional, scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped.
The report holds importance for the following stakeholders:
Producers and manufacturers.
Enterprises operating in the industry.
Traders and stakeholders operating in the sector.
Investors/research institutions interested in the market.
Supply chain analysis