Biostimulants Market Worth $2,524.02 Million by 2019

Jul 09, 2015, 11:00 ET from MarketsandMarkets

DALLAS, July 9, 2015 /PRNewswire/ --

The report, "Biostimulants Market by Active Ingredient (Acid-Based & Extract Based), Application Type (Foliar, Soil, & Seed), Crop Type (Row Crops, Fruits & Vegetables, and Turf & Ornamentals), & by Region - Global Trends & Forecasts to 2019", published by MarketsandMarkets, The Biostimulants Market is projected to reach $2,524.02 million by 2019, at a CAGR of 12.5%, as studied from 2014.

Browse 85 market data Tables and 74 Figures spread through 190 Pages and in-depth TOC on "Biostimulants Market".

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The market report 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.

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Biostimulants are natural or organic compounds that are used to improve crop yield and quality. Inbuilt physiological processes such as cell elongation and division are stimulated by these biostimulants. The Biostimulants Market is growing due to the rise in demand for organic food products and increasing area of degraded soils. The Biostimulants Market is projected to reach $2,524.02 million by 2019, at a CAGR of 12.5%, as studied from 2014.

The global Biostimulants Market was led by Europe, having accounted for around 41.6% in 2013. The European Biostimulants Market was valued at $517.64 million in 2013. North America is the second-largest region with regard to the consumption of biostimulants. The U.S. was the leading country in the North American region, having accounted for 78.1% market share in 2013. The Asia-Pacific Biostimulants Market was led by India, China, and Australia in 2013.

Valagro S.p.A (Italy), Arysta LifeScience Corporation (Japan), Biostadt India Limited (India), and Koppert B.V. (The Netherlands) are the key players of the Biostimulants Market. By adopting various development strategies, the companies are competing with each other, increasing their revenues and market presence.

Through growth strategies such as collaborations, new product developments, and expansions, the companies are expanding their global presence and boosting their technological and operational capabilities in the market. Agreements, collaborations, and partnerships formed the prime strategy adopted by the key industry players to achieve growth in this market. Between January 2010 and September 2014, this strategy accounted for around 37% of all the growth strategies adopted by the players.

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