Selbyville, Delaware, December 22, 2020 (GLOBE NEWSWIRE) –
The biostimulants market value it is expected to exceed USD 5 billion by 2026, according to a new study report by Global Market Insights, Inc. Increased adoption of organic farming and changing consumer lifestyles coupled with the need for high quality food products is likely to increase market share.
An increase in disposable income coupled with rapid urbanization and uptake of organic food products among consumers should encourage product demand. Also an increase in, agricultural facilities, expansion of the food sector is another reason to drive product demand among consumers. Also, raising environmental concerns is one of the main factors driving the biostimulants industry.
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Key findings of the biostimulants market report include:
- Demand for biostimulants is rapidly increasing due to benefits such as revitalization of plant development, nutrition for strong plant growth and increased stress that is likely to contribute to market trends.
- Biostimulants promote nitrogen metabolism in crops, soil-related nutrients and reduce plant weight this will increase market demand.
- Segment-based biostimulants are likely to record more than 9.5% CAGR between 2020 and 2026, due to the growing demand for plant-derived natural biostimulants for plant growth, yield, and quality post-harvest horticultural produce.
- Business players are rapidly investing in R&D, increasing biostimulant manufacturing capacity, enhancing brand image, and recognizing marketing in the competitive market segment.
- Emerging innovations in plant biostimulants, which target specific agronomic needs, are attracting new customers in Europe who are likely to stimulate market outlook.
- Market demand of biostimulants from seed treatment demand is likely to exceed 480 million USD by 2026. Seed treatment protects the seed from attracting insects during cultivation because biostimulants are a chemical barrier for the seeds that are germinating. It protects seeds from attracting harmful insects as a result of this, seed treatment sector is likely to increase the market statistics.
- Key industry players include BASF, Biolchim, Biover, Arysta LifeScience, Bayer, Italpollina, ILSA, Lallemand, Koppert., Agricultural Sciences, Agrinos, Micromix, Biostadt, Valagro, Mahafeed Specialty Fertilizers, and Artal Agronutrientes.
Take a look at the key industry insights spread over 325 pages with 345 market data tables and 22 figures & tables from the report, “Market Analysis Biostimulants With Active Ingredients (Humic Acid, Fulvic Acid, Amino Acids, Protein Hydrolysates, Seaweed Extracts), Crops (Top Row, Turf & Ornamentals, Fruit & Vegetable), Application (Foliar Treatment, Soil Treatment, Seed Treatment) , By Form (Tioram, Liquid), Business Forecast Report, Regional Analysis, Demand Capacity, Price Rates, Share & Competitive Market Forecast, 2020 – 2026”Detailed with the table of contents:
https://www.gminsights.com/industry-analysis/biostimulants-market
The Asia Pacific biostimulants market is expected to record more than 11.5% CAGR in the forecast period. The applications for the biostimulant offer benefits such as high crop productivity, soil fertility and plant growth. For example, Nutrien Ltd, In April 2018, Nutrien Ltd launched a digital platform for better time management of irrigation practices, fertilizer use and biostimulants. The launch has allowed the company to compete with global chemical companies and increase its market share in the agricultural biotechnology products sector.
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Browse related report:
Organic seed market by Crops (Vegetables, Crops, Fruits & Nuts, Oils & Other Vegetables), Distribution Channel (Wholesale, Retailers, Cooperatives), Business Analysis Report, Regional Outlook, Potential for Growth, Price Trend, Competitive Market Share & Forecast, 2016 – 2024
https://www.gminsights.com/industry-analysis/organic-seed-market
About global market ideas
Global Market Insights, Inc., headquartered in Delaware, USA, is a global review and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business research and industry research reports offer customers insight and action market data specifically designed and presented to aid strategic decisions. These comprehensive reports are designed through a property research approach and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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