Biostimulants Market worth $2,524.02 Million by 2019, According to a New Study on ASDReports

Thursday 27 November 2014, Amsterdam

The report, now available on ASDReports, “Biostimulants Market by Active Ingredient (Acid-Based & Extract Based), by Application Type (Foliar, Soil, & Seed), by Crop Type (Row Crops, Fruits & Vegetables, and Turf & Ornamentals) & by Region - Global Trends & Forecasts to 2019”, defines and segments the biostimulants market with analyses and projections of the size of the market. It also identifies the driving and restraining factors of the market with analyses of trends, opportunities, burning issues, and challenges.

The market is segmented and the value is projected on the basis of regions such as North America, Europe, Asia-Pacific, Latin America, and Rest of the World. The key countries such as the U.S., Spain, Italy, India, and China are covered and their market is projected. The market size is projected on the basis of application type, crop type, active ingredient, and region. The market for biostimulants has a significant impact on not only human health, but also on the environment. Biostimulants are broadly categorized in acid-based and extract-based, on the basis of active ingredients.

The value of the biostimulants market is projected to increase to $2,524.02 million, at a CAGR of 12.5%, by 2019. In this report, the biostimulants market is segmented and analyzed in terms of value ($million) and area (‘000 hectares) as well.


Acid-based biostimulants: Largest market segment

Acid-based biostimulants accounted for the largest share and, was followed by extract-based biostimulants in 2013. Acid-based biostimulants are found to be more efficient than extract-based biostimulants. In 2013, Europe accounted for the largest share of the global biostimulants market. In the same year, North America contributed the second largest share.


Biostimulants market, by crop type

The biostimulants market consists of four crop types; they are row crops, fruits & vegetables, turf & ornamental crops and other crops. The demand for biostimulants for row crops accounted for the largest share in 2013, at $777.04 million, and it is projected to reach $1604.09 million by 2019. Europe was the largest consumer of row crops in 2013, followed by the Asia-Pacific region.

The demand for the new and various products that result in higher productivity of crops is increasing in the market. Leading brands are engaging in the production of biostimulants on a global scale, because it is considered to be growing market. The existing companies are actively introducing new products with different ingredients in order to satisfy the nutrient requirement of various crops. Companies such as Valagro S.p.A (Italy), Arysta LifeScience Corporation (Japan), Biostadt India Limited (India), and Koppert B.V. (The Netherlands) are key players in this market.