North America biostimulants market to reach $605.1 million by 2019

Date:04-22-2015

The North American biostimulants market was valued at $313.0 million in 2014 and is projected to reach $605.1 million by 2019, at a CAGR of 14.1% from 2014 to 2019. The market, by active ingredients, was led by the acid-based biostimulants segment in 2014, with a share of 54.4% in 2014. 

The growth of the biostimulants market in North America has been driven by the strong initiatives to support organic farming and enhanced product vitality through innovative production technologies. The North American biostimulants market is projected to continue its steady growth in the coming years. Factors such as toxicity of agrochemicals increase the need for environment-friendly and innovative production methods; moreover, the advent of agriculture modernization has turned the market’s attention towards biostimulants. The positive growth rate of the market is induced by the discovery and development of natural active ingredients.

The major players include Taminco Corp. (Brazil), Isagro S.p.A (Italy), Valagro S.p.A (Italy), Koppert NV (Netherlands), and Biostadt India Ltd. (India). These companies have adopted the strategies of mergers & acquisitions, partnerships, and collaborations to strengthen and sustain their positions in the North American biostimulants market.

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