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The global biostimulants market to grow at a CAGR of 13.12% during 2014-2019
Nov. 4, 2015
Technavio
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United Kingdom
Biostimulants include diverse formulations of compounds, substances and microorganisms that are applied to plants, seeds and soil to improve crop vigour, yield, quality and tolerance of abiotic stress. Biostimulants application has increased from 15% to 20% between 2011 and 2014 owing to increasing production of biostimulant products in the recent past.
Increasing awareness regarding biostimulants and their benefits is resulting in increased uptake of these products, especially for use in organic and natural ingredient-based agriculture. Due to these factors, demand for biostimulants is expected to increase significantly in the near future.
Acid-based biostimulants is the dominating segment of this market, as raw materials for these biostimulants are easily available and more efficient when compared to extract-based biostimulants.
Major players are Acadian Seaplants Limited, Biostadt India Limited, Omex Agrifluids Ltd., Italpollina Spa, Koppert B.V., BioAtlantis Ltd., Micromix Plant Health Limited, Trade Corporation International, Valagro S.p.A, Isagro S.p.A., Platform Specialty Products Corporation, BASF SE, Novozymes A/S, Agrinos A/S and The Dow Chemical Company.
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