Biostimulants Market Worth USD 3.1 Billion by 2022 - Scalar Market Research

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Chicago, IL -- (SBWire) -- 09/29/2016 --According to the report, "Biostimulants Market, By Active Ingredients (Humic Substances, Microbial Amendments, Seaweed Extracts, Trace Minerals, Vitamins and Amino Acids), Crop Types (Fruits and Vegetables, Row Crops, Turf and Ornamentals), Application Methods (Foliar, Seed, Soil), and Regions (Asia-Pacific, Europe, North America, Rest of the World) - Global Market Size and Forecast, 2014 - 2022", the market for biostimulants is expected to reach USD 3.1 billion by 2022.

The Biostimulants market report focuses on the major drivers and restraints for the key players. It also provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.

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According to the biostimulants market report, the global market is expected to grow from USD 1.7 billion in 2016 and reach USD 3.1 billion by 2022. Factors such as the strong rise in demand for the organic food products and growth in sustainable farming practices are some of the major driving factors for this market. According to the report, increasing customer awareness about organic foods and sustainable farming are also some of the major driving factors for the strong growth of this market. Rising demand from the emerging markets is also suggested as one of the major driving factors for the market. However, the report suggests that lack of evidence-based product trials, the non-uniform regulatory environment, and the high costs of the commercial products are going to be some of the strong restraining factors for the market.

The biostimulants market report segments the global market by crop types, active ingredients, application methods, and geographic regions. The crop types segment is further divided into row crops, fruits and vegetables, turf and ornamentals, and other types of crops. The major active ingredients covered in this report include seaweed extract, microbial amendments, amino acids, vitamins, trace minerals, humic substances, and such other ingredients. The major application segments include soil, foliar, and seed. The report segments this market by the major geographic regions, which include North America, Asia-Pacific, Europe, and the rest of the world. According to the biostimulants market share analysis, the Asia-Pacific region is expected to become the fastest growing geographic segment.

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The key players highlighted in the biostimulants market report include BASF SE, Biolchim S.p.A., Biostadt India Limited, Isagro SAP, Italpollina SAP, Koppert B.V., Novozymes A/S, Platform Specialty Products Corporation, Sapec Group (Trade Corporation International), Valagro SAP, and such others.

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