Get Ready to Grow Your Business by Tapping into the US$3.8 Billion Opportunity for Plant Biostimulants
The global market for Plant Biostimulants is projected to reach US$3.8 billion by 2025, driven by the growing focus of governments worldwide to reduce agriculture`s growing carbon footprint and make it more sustainable.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Plant Biostimulants market. Report segmentation includes Active Ingredient (Amino Acid, Humic Acid, Fulvic Acid, Seaweed Extracts, Protein Hydrolysates, and Other Active Ingredients); Type (Biosynthetic Biostimulants, and Natural Biostimulants); and Application (Foliar, Soil, and Seed).
10 June 9:31 A.M., California/Marketwire/ - According to the new market research report, the global market for Plant Biostimulants is projected to reach US$3.8 billion by 2025, driven by the growing focus of governments worldwide to reduce agriculture`s growing carbon footprint and make it more sustainable. The global Plant Biostimulants market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned.
Plant biostimulants offer a green way forward in this direction by promising to reduce and eventually eliminate dependence on toxic and environmentally polluting chemical fertilizers. Benefits offered by plant biostimulants include enhanced plant tolerance to abiotic stresses; natural enhancement of a plant`s metabolism for better quality yield; more efficient nutrient assimilation, absorption, translocation and use; and enhanced soil fertility. A majority of biostimulants available today are biosynthetic as they are extracted from plant and animal sources and processed in a laboratory with engineered biosynthetic production methods that mimics pathways/processes modeled after chemicals reactions in living organisms. Continuous research in the area of soil based organisms is enabling greater understanding of the complex world of bacteria leading to the development of new categories of microbiome ecosystem. A major factor influencing growth in the market is the projected increase in demand for organic foods and a parallel rise in organic farming area. The proposed imposition of agriculture carbon tax in several developed countries worldwide is additionally encouraging robust penetration of environmentally friendly farming practices in world`s farms. All of these factors combine to provide robust growth opportunities for plant biostimulants. Interestingly, growth in hydroponics is driving increased demand for seaweed extracts. The growing trend towards greenhouse horticulture as an intensive farming method to grow crops with less water, artificially managed temperature and protected from natural climatic and environmental conditions will also spur growth of biostimulants such as protein hydrolysates, humic and fulvic acids.
Key Competitors Covered in the Report
Acadian Seaplants Limited
Bayer CropScience AG
Koppert Biological Systems
Trade Corporation International S.A.
Yara International ASA
Geographies Analyzed in the Report
Europe (France, Germany, Italy, UK, Spain and Rest of Europe)
Rest of World
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 494. Among this pool, 99 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 22 unique participations, a total of 11 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.