Global Bio Stimulants Market, By Active Ingredients (Humic Substances, Seaweed Extracts, Microbial Amendments, Amino Acids), Mode of Application (Folier, Soil Treatment, Seed Treatment), By Crop type (Cereals & grains, Oilseeds & pulses, Fruits & vegetables, Turfs & ornamentals, and Others) and opportunities and forecast 2020-2027
Bio Stimulants Market Overview
Bio stimulants has rich demand in horticulture and agriculture. At this critical point, when the world is faced with problems of food scarcity, shortage of agricultural products and some high risk diseased to plants, Bio stimulants market has to play a fundamental role. Bio stimulants can resolve the global insecurity related to food by providing shield against stress and thereby encouraging the growth of plant. According to recent survey about agriculture and organic industry held in the U.S, in the U.S only plantation of cotton reduced more than seven percent.
It has been observed acre production decreased from 16,050 acres in 2019 to 14,787 in 2020. The driving force behind this decrease was the unavailability of seeds. Therefore, it is the biostimulant market that has done a great job to curb the growing shortage. The demand for Biostimulants has also been rapidly exaggerating in developing countries like India, Pakistan, Bangladesh, China, and others. It has also been observed after carrying out a wide study on the use of Biostimulants that enhancement in the use of social media and other awareness tools has compelled the market towards Biostimulants.
The covid-19 Impact on Bio Stimulants Market:
|Market size available for years
|Base year considered
||Value (USD Million)
||By Active Ingredients, by Mode of Application, By Crop type.
||North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA)
||Germany’s BASF SE, American Gowan Group, Italian ILSA, Lallemand Inc., Atl intica Agricola SA, Brandt Consolidated Inc., Italpollina SpA, Koppert Biological Systems, Micromix Plant Health Ltd, Omex Agrifluids Ltd., Tradecorp International, and Agroenzymas Group.
Like several different industries, COVID-19 badly knocked down the electronic and semiconductor trade. This new event has compacted nearly 230 countries in exactly a couple of weeks, leading to the forced conclusion of producing and transportation activities at intervals and across the countries. This has directly affected the expansion of the sector. It's calculable that COVID-19 to depart over USD thirty billion impacts on the physics and semiconductor trade. The arena is majorly affected thanks to transport restrictions on major physics and semiconductor staple suppliers. However, the rising want for semiconductors in many industries can supply fast market recovery over the longer-term amount. Bio Stimulants Market Segment Overview
By active ingredients type, In 2021 and during the coming decade, Amino acid will be the dominant and the largest market shareholder in the Bio Stimulants market. One of the main reasons behind this is the high price of Amino acids in the market.
Based on Mode of Application, the market is segmented into Folier, Soil Treatment, Seed Treatment, and others. Among these Soil, Treatment segment accounted for the largest share of the Bio Stimulants market in 2020.
By Crop type, the market is segmented into Cereals & grains, Oilseeds & pulses, Fruits & vegetables, turf & ornamentals, and Others. Among these Fruits & vegetables accounted for the largest share of the Bio Stimulants market.
Market Analysis, Insights, and Forecast – By Active ingredients
· Humic substances
· Humic acid
· Fulvic acid
· Amino acid
Market Analysis, Insights and Forecast- By Application
· Soil Treatment
· Seed treatment
Market Analysis, Insights, and Forecast - By Crop type
· Cereals & grains
· Oilseeds & pulses
· Fruits & vegetables
· Turfs & ornamentals
· Others (forage and plantation crops)Bio Stimulants Market Regional Overview
The European region possesses a major awareness level about global Biostimulants. It has been observed that the European countries have been focusing on the production of some innovative tools so that these can curb their agro-based needs. The countries like Spain, France, and Italy have been the key hub of the Bio stimulant market. In near future, regions like Asia and America can see an increase in biostimulant values.
Bio Stimulants Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA) Bio Stimulants Market Competitor overview
The global Biostimulants market is focused on increasing its presence through agreements and collaborations. The main players which are working in it are Germany’s BASF SE, American Gowan Group, Italian ILSA.
· BASF SE (Germany): In the March of 2020, BASF’s made a breakthrough by starting research and development projects related to seeds and the production of the crop. This agreement will allow the company to go worldwide by using the cloud and by vesting the information field studies. Bio Stimulants market, Key Players
· Germany’s BASF SE
· American Gowan Group
· Italian ILSA
· Lallemand Inc.
· Atl intica Agricola SA
· Brandt Consolidated Inc.
· Italpollina SpA
· Koppert Biological Systems
· Micromix Plant Health Ltd
· Omex Agrifluids Ltd
· Tradecorp International
· Agroenzymas Group
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the Bio Stimulants market during the forecast period?
A. Bio Stimulants market is expected to record a CAGR of ~ xx% during the forecast period
Q2. Which segment is projected to hold the largest share in the Bio Stimulants Market?
A. amino acids sub-segment is projected to hold the largest share in the Bio Stimulants Market.
Q3. What are the driving factors for the Bio Stimulants market?
A. Increase in need for sustainable agriculture is key factors that boost the growth of the Bio Stimulants market progressively
Q4. Which Segments are covered in the Bio Stimulants market report?
A. By Active Ingredients, by Mode of Application, By Crop type these segments are covered in the Bio Stimulants market report.
Q5. Which are the prominent players offering Bio Stimulants?
A. The main players which are working in it are Germany’s BASF SE, American Gowan Group, Italian ILSA