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Biostimulants Market to be Propelled by Escalating Demand for Food

Blog Description

Biostimulants, unlike biofertilizers and biopesticides, are crop enhancers and have a significant impact on plant growth as well as overall crop yield if used in appropriate quantities. These nutrient-deficiency correctors are a mixture of plant hormones, microorganisms, sea woods, enzymes, and trace elements. They increase the nutrient availability in plants, enhance their water-holding capacity, and increase the level of antioxidants and chlorophyll production in plants.

Constant Rise in Global Demand for Food Driving Biostimulants Market

The global population has been consistently rising, resulting in the steady, if not rapid, demand for food. Biostimulants have a significant impact on crop yield, thereby helping nations cater to the surging demand for food. Keeping this in mind, the global rise in population is one of the foremost factors driving the biostimulants market.

Browse the full Report of Global Biostimulants Market

Other factors contributing toward the expansion of the biostimulants market are:

  • The urgent need to increase the crop yield per hectare
  • The rising use of biostimulants to minimize the abiotic stress in plants
  • The beneficial properties of biostimulants over pesticides and fertilizers
  • The increase in government grants and funding to encourage the use of biostimulant products
  • The growing concerns regarding sustainable agriculture
  • The rising awareness regarding the use and benefits of biostimulants
  • The growing popularity of natural and organic ingredient-based agriculture
  • Effort on the part of the market players to develop cost-effective products

Western Europe Emerges as Largest Biostimulants Market

The global biostimulants market is geographically divided into Latin America, North America, Western Europe, Eastern Europe, Japan, Asia Pacific excluding Japan, and the Middle East and Africa. At present, Western Europe accounts for the largest share in the biostimulants market and is projected to retain its lead through 2025. In 2013, the region held a share of over 30% in terms of revenue.

Browse the full Press Release of Global Biostimulants Market

Here’s how other regions fare in the current scenario:

  • North America is the second largest market for biostimulants after Western Europe, driven by higher spending by the government and availability of advanced technologies
  • Asia Pacific excluding Japan is anticipated to register a 13.50% CAGR from 2015 to 2025, emerging as one of the most rapidly expanding regional biostimulants markets
  • The Latin America market is also a lucrative destination for biostimulants, driven by the rising awareness about organic products
  • The Asia Pacific and Latin America markets have been attracting new and existing players thanks to the favorable conditions in these regions
  • The Middle East and Africa market for biostimulants is forecast to exhibit the strongest CAGR from 2015 to 2025

Benefiting from the rapidly expanding biostimulants market are its leading vendors: Italpollina Spa, Isagro S.P.A, Acadian Seaplants Limited, Bio Atlantis Ltd., Novozymes A/S, Biostadt India Limited, Koppert B.V., BASF SE, Valagro Spa, Dow Chemical Company, Micromix Plant Health Limited, Agrinos A/S, Omex Agrifluids Ltd., Platform Specialty Products Corporation, and Trade Corporation International.