Market - - Nov 09,2017
In the present time, increasing focus to boost crop productivity as well as quality pushes the demand for biostimulant products across the globe.
Biostimulants are known as biologically produced fertilizers which are utilized to stimulate plant development as well as productivity. The major advantage of using biostimulants is to enhance nutrient availability, water holding capability and metabolism in plants. It also works to increase the production of chlorophyll and antioxidants.
In the present time, biostimulants are used for ornamental crops, fruits, vegetables, row crops, and turf. It has been observed that augmenting land fertility while driving crop yield makes biostimulants a superior choice over its synthetic counterparts. Reports suggest that the global biostimulants market is likely to expand at a strong CAGR of 12.8% from 2017 to 2025. This growth can be credited to the rising necessity for enhancing yield per hectare along with growing food demand in the coming years.
Currently, the necessity to improve yield per hectare and rising food demand will also drive biostimulants market growth in the coming years. Furthermore, eco-friendly crop production is quite vital in the present scenario. Hence, biostimulants can prove as an eco-friendly option due to their non-toxic nature which can serve as a powerful tool in the development of sustainable agricultural products.
Geographically, the global biostimulants market is active across North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. Among these, Europe dominates the market with the acquisition of maximum share. Presently, the key players from the market include Agrinos, Biolchim S.p.A., Agriculture Solutions Inc., Novozyme, Premier Tech Ltd., Kelpgrow, Agricen, Valagro, Syngenta, Italpollina spa, Koppert Biological Systems and others.
For more information on this report visit- https://www.marketresearchhub.com/report/biostimulants-market-global-industry-analysis-size-share-growth-trends-and-forecast-2017-2025-report.html