CHICAGO, October 24, 2016 /PRNewswire/ --
According to the new market research report, "Biostimulants Market, by Active Ingredients (Humic Substances, Microbial Amendments, Seaweed Extracts, Trace Minerals, Vitamins, and Amino Acids), Crop Types (Fruits & Vegetables, Row crops, Turf & Ornamentals), Application Method (Foliar, Seed, Soil) - Global Revenue, Trends, Growth, Share, Size and Forecast to 2022", published by Scalar Market Research, the global biostimulants market is expected to grow from USD 1.69 billion in 2016 and reach USD 3.08 billion by 2022, growing at a CAGR of 10.50%, during the forecast period.
The global biostimulants market report offers in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key players, premium trends and forecast to 2022. It also focuses on the key drivers and opportunities in this market.
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Key findings of the report:
- The strong rise in demand for the organic food products and the growth in the sustainable farming practices are some of the major driving factors for the biostimulants market, during the forecast period.
- The increasing customer awareness about organic foods and rising governmental support are also some of the major driving factors for the strong growth of the biostimulants market during the forecast period.
- Rising demand from the emerging markets and the technological advancements are also highlighted as some of the major growth drivers for the biostimulants market in the near future.
Humic substances anticipated to lead the active ingredients market segment
According to the report, the humic substances are expected to lead the active ingredients segment of the global biostimulants market. The growing demand from around the world as the environment friendly ingredients is one of the major growth drivers for this segment in the global market, in the near future.
Europe is expected to dominate the biostimulants market
Europe is expected to dominate the global biostimulants market, during the forecast period. The growth factors attributed to this dominance of the region include the increasing demand for the organic products, demand for sustainable agriculture practices, and the rising government support.
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The key players highlighted in the biostimulants market report include:
- BASF SE
- Biolchim S.p.A.
- Biostadt India Limited
- Isagro SAP
- Italpollina SAP
- Koppert B.V.
- Novozymes A/S
- Platform Specialty Products Corporation
- Sapec Group (Trade Corporation International)
- Valagro SAP
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SOURCE Scalar Market Research