San Jose, CA (PRWEB) January 20, 2014
Follow us on LinkedIn – Biostimulants are plant growth regulators which positively influence a plant’s metabolic processes by increasing its water-retention capacity, enhancing nutrient availability, increasing chlorophyll production and improving metabolism. These naturally-derived chemicals are also known to enhance quality characteristics of crops, including color, sugar content and fruit seeding. Rapidly changing climatic conditions on account of global warming and the pressing need to provide sustainably grown food to the burgeoning world population are key growth drivers in the market. Toxicity of other agricultural inputs is also expected to prove favorable for the market. Other major growth driving factors include innovative production practices and modernization of agriculture.
Conventional use of biostimulants has been in orchard crops, the turf industry (garden turf, sports turf) and in ornamental plant production. Currently growing use of biostimulants in row crops such as cereals, grains, oilseeds and pulses will drive future growth in the market. Since biostimulants are organic crop inputs, the market is expected to receive a major boost from growing global demand for organic food.
As stated by the new market research report on Biostimulants, Europe represents the largest market worldwide. Key factors driving growth in the region include rapid development of innovative biostimulants by European companies to address specific agricultural demands and extended use of biostimulants from high-value crops to conventional crops. Segment-wise, acid-based biostimulants comprising humic, amino and fulvic acids, constitutes the largest product segment in the global biostimulants market. Extract based biostimulants represents the fastest growing market segment. Usage of seaweed extract-based biostimulants is all set to grow in hydroponics, given its ability to promote plant growth as it contains several biologically active compounds.
Biostimulant industry mainly involves the participation of exclusive biostimulant manufacturers, traditional agri- products manufacturers looking to diversify with new product offerings, and green biotechnology companies with focus on new markets or emerging technologies. Enthused by the robust market opportunities in store, several multinationals engaged in offering traditional crop inputs are making efforts to venture into the biostimulants market. The industry is likely to witness entry of several new players offering competition to incumbent companies.
Key players covered in the report include Agrinos AS, Arysta LifeScience Corporation, Atlántica Agrícola S.A., BioAtlantis Ltd., Ilsa SPA, Laboratoires Goëmar S.A.S., Lallemand Inc., Micromix Plant Health Limited, Novozymes BioAg, Omex Agrifluids Ltd., and Valagro Group among others.
The research report titled “Biostimulants: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers and issues. The report provides market estimates and projections in US dollars for all major geographic markets including the US, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World. Product types analyzed include Acid-based Biostimulants (Humic, Amino and Fulvic) and Extract-based Biostimulants.
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Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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