The Plant Biostimulant Industry is Expected to Reach USD 2883.867 Million by 2021; Arysta Lifescience Corporation and Lallemand Plant Care to Remain Industry Leaders

Sep 26, 2016, 09:30 ET from Mordor Intelligence

HYDERABAD, India, September 26, 2016 /PRNewswire/ --

Mordor Intelligence announces the publication of their research report on the plant biostimulant market. The report titled, "Global Plant Biostimulant Market - By Active Ingredients, Application, Crop Type and Geography - Trends and Forecasts," discusses the current landscape and outlook of the said market.

The global plant biostimulant industry was worth USD 1445.5 million in 2015. The market is projected to grow at CAGR of 12% during the forecast period and is expected reach to the value of USD 2883.8 million by 2021.

Our report is segmented as follows:

  • By Active Ingredients
    • Humic Acid
    • Fulvic Acid
    • Amino Acid
    • Protein Hydrolysates
    • Seaweed Extracts
    • Others
  • By Type
    • Natural Biostimulants
    • Biosynthetic Biostimulants
  • By Application
    • Foliar
    • Soil
    • Seed
  • By Crop Type
    • Cereals
    • Oilseeds
    • Fruits & Vegetables
    • Turfs & Ornaments
    • Others
  • By Geography
    • North America
    • South America
    • Europe
    • Asia-Pacific
    • Africa

Some major drivers of the global plant biostimulant industry identified in this report are expansion of organic food industry, higher benefits with enhanced yield and productivity and, increased emphasis on sustainable farming.

Acid based biostimulants hold the largest market share accounting for around 30%. Seaweed extracts, b-vitamins are expected to project the fastest growth rate; this growth rate can be credited to an increased demand from the North American and European regions. Bio-synthetic biostimulants hold the majority of the market share.

Some of the major players profiled in the report include: Arysta Lifescience Corporation, Lallemand Plant Care, Isagro S.P.A. and Valagro SPA.

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SOURCE Mordor Intelligence