AgroPages-North America Bio Stimulants Market worth $0.49 Billion by 2018-Agricultural news

The U.S. is the market leader of bio-stimulants in North America with revenue of $193.4 million in 2012. Mexico is the fastest-growing nation in this region, at a CAGR of 12.6% during the period 2013 to 2018.

Bio stimulants is segmented into acids, extracts and others comprising of 54.2%, 40.7% and 5.1% respectively, of the North American Bio stimulants market. Applications of Bio Stimulants-North America are Foliar, Soil and Seed.

The major crops in North America consist of grains, legumes, fruits, and vegetables. Agriculture in this region has become mechanized. The population of Mexico still follows the traditional agriculture practices. There is a shift towards the organic agriculture practices, which has increased the demand for organic inputs in farms. The increase in demand for agriculture quality products, organic produces, and the rising need for high productivity and yield, is expected to increase the bio-stimulants consumption in North America, especially in the U.S. and Canada.

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North America Bio Stimulants Market worth $0.49 Billion by 2018

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