Key Players in the market are Arysta LifeScience (Japan), BioAtlantis Ltd (Ireland), ILSA SPA (Italy), and Agrinos AS (Norway)
(PRWEB) June 20, 2014
The report "Biostimulants Market by Active Ingredients (Humic acid, Fulvic acid, Amino Acid, Seaweed extracts), Applications (Foliar, soil, & seed), Crop types (Row crops, fruit & vegetable, turf & ornamental) & Geography—Global Trends & Forecasts To 2018" defines and segments the global biostimulants market with analysis and forecasting of the global revenue and market area for biostimulants. It also identifies driving and restraining factors for the global biostimulants market with analysis of trends, opportunities, burning issues, winning imperatives, and challenges. The market is segmented and revenue is forecasted on the basis of major regions such as North America, Europe, APAC, Latin America, and Rest of the World (ROW).
Browse 101 market data tables with 18 figures spread through 212 pages and in-depth TOC on "Biostimulants market — Global Trends & Forecasts To 2018".
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Global Biostimulant market stands at $ 1131.8 MN in 2012, with an estimated market size of $ 1245 MN in 2013, which is projected to grow at 12.5% CAGR over 2013-2018 and Stand at $2241 MN by 2018.
With a 12.5% Growth rate, Biostimulants are a major area of interest to multinationals and entrepreneurs alike.
While a growing trend of ban on use of toxic chemicals is fueling growth from the supply side, an increasing health consciousness is pulling the growth trends from the demand side of Biostimulants which are completely Organic and Ecofriendly.
Europe is the most dominating geography in the Biostimulant market, with a 41% share of the global revenues for Biostimulants in 2012 and is expected to grow at 12.2% till 2018. Second in the list is the Asia-Pacific region, with a 20% share of the Global revenues.
Extract based Biostimulants are the fastest growing active ingredient segment and Acid based Biostimulant is the dominant segment, expected to have 51% market share of the total Biostimulant market.
With an expected market size of $1388.7 MN, Row crops are expected to be the major crop types using the Biostimulants. This hints both the companies and producers to understand the demands and plan the distribution channels to maximize the returns on their investments.
Delving down to the country level data, our research says Brazil is going to be the fastest growing market, closely followed by Argentina. Now what does this hint? For companies to open production centers in South America? Or form Joint ventures with local players or see them as export markets?. India and china area also equally attractive markets.
Foliar application mode is the most preferred mode of application, with a share of 73%, whereas the rest is suitable to be applied through soil and seed.
Interestingly lot of activity is seen among the relatively smaller players than Agrochemical giants. Considering the activities such as M&As, expansions, collaborations, joint ventures and new product developments, Norwegian company Agrinos tops the list with an estimated activity index share of 21%, followed by the Italian player Valagro, with 17% share of activities.
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