NEW YORK, Nov. 9, 2016 /PRNewswire/ -- The Southeast Asian & Australasian biostimulants market was valued at USD 233.8 million in 2015, and is projected to reach USD 451.8 million by 2021
The Southeast Asian biostimulants market is projected to continue its growth in the next five years. Factors such as toxicity of agrochemicals, need for environment-friendly & innovative production methods, advent of agricultural modernization, and better value for crops have turned the agricultural community's attention towards biostimulants. The positive growth rate of the market is induced by the discovery and development of natural active ingredients. The use of biostimulants in row crops is projected to fuel market growth. However, there is a rise in the trend of use in high-value industrial crops such as corn, cotton, spices, and oilseeds such as rapeseed, soybean, and sunflower. The key players in this market include The Leili Group (China), Biostadt India Limited (India), Brandt Consolidated, Inc. (U.S.) Sapec Group (Belgium, through Tradecorp International), Platform Specialty Products Company (U.S.), Valagro SpA (Italy), Omina Holdings Limited (South Africa), and Biolchim SpA (Italy).
OBJECTIVES OF THE STUDY
-To define, segment, and measure the Southeast Asian & Australasian biostimulants market with respect to the different types of active ingredients, crop type applications, and mode of application
-To provide detailed information regarding the crucial factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
-To strategically analyze the micromarkets1 with respect to individual growth trends, future prospects, and contribution to the total market
-To project the market size
-To identify and analyze the effect/impact of changes in regulations/legislations and safety aspects on the biostimulants market
-To strategically profile the key players and comprehensively analyze their market reach and core competencies2
-To analyze the opportunities in the biostimulants market for stakeholders and study the details of the competitive regional landscape for key market players
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