Biostimulants Market: Market Size, Driving Players and Industry Analysis Report 2016 by Credence Research

the global biostimulants market was valued at US$ 1.7 Bn in 2015, and is expected to each US$ 3.8 Bn by 2023, expanding at a CAGR of 10.7% from 2016 to 2023.

The latest market report published by Credence Research, Inc. “Biostimulants Market, By Crop Type, Application and Active Ingredients - Growth, Future Prospects and Competitive Analysis, 2016 - 2023,” the global biostimulants market was valued at US$ 1.7 Bn in 2015, and is expected to each US$ 3.8 Bn by 2023, expanding at a CAGR of 10.7% from 2016 to 2023.
Browse the full Biostimulants Market - Growth, Future Prospects and Competitive Analysis, 2016 – 2023 report at http://www.credenceresearch.com/report/biostimulants-market
Market Insights:
There has been an upsurge in the demand for organic food products across the globe. This is fuelling the demand for efficient crops, furthermore to meet the demand for food in the growing world population. Agriculture is a key indicator having an impact on a particular country’s economy along with livelihoods of the individuals. Thus, presence of good quality arable land is gaining significant traction among agriculture product producers especially in countries such as Denmark, India, Poland and Germany. Since, these countries are among top 25 countries, when analyzed according to the arable land statistics in 2013. Also, arable land is expected to grow at a moderate growth in the near future, which is expected to spur the demand for agricultural products referred to as biostimulants. Definition of biostimulants varies according to particular region, for instance in Europe biostimulants definition as proposed by European Biostimulant Industry Consortium (EBIC) is “Plant biostimulants contain substance(s) and/or micro-organisms whose function when applied to plants or the rhizosphere is to stimulate natural processes to enhance/benefit nutrient uptake, nutrient efficiency, tolerance to abiotic stress, and crop quality.”
Of different crop types, fruits and vegetables segment is expected to record highest growth in the forthcoming years. However, row crops segment holds largest market share throughout the forecast period. There is an increased consumption of row crops such as pulses, oilseeds and cereals and cultivation of row crops accounts for significant share in the total cultivated land. This is further intended to increase adoption of biostimulants among growers, thus fuelling the biostimulants market growth.
Among different regions, Europe is anticipated to dominate the market in terms of revenue share contribution, followed by Asia Pacific and North America. Asia Pacific is expected to record highest CAGR during the forecast period. Improving supply chain in countries such as China and India, technological advancements, and growing awareness among growers regarding usage of biostimulants are some of the key factors bolstering the biostimulants market growth in the region.
Competitive Insights:
Some of the prominent players identified in the biostimulants market include Biovert S.A., Micromix Plant Health Limited, Acadian Seaplants Limited, Bio Atlantis Ltd., Italpollina spa, BASF SE, Dow Chemical Company, Agrinos, ILSA spa, Bayer AG, Koppert B.V., Valagro Spa, Biostadt India Limited, Arysta LifeScience Limited, Novozymes A/S, Biostadt India Limited, Omex Agrifluids Ltd., Platform Specialty Products Corporation, Agrinos A/S and Trade Corporation International.
Key Trends:
• Asia Pacific serves as potential market for biostimulants due to government support for sustainable agriculture industry
• Increasing awareness among growers related to improved crop quality and yield
• Mitigation of territorial and social cohesion through economy development, owing to agriculture being an important indicator in overall economy especially in Europe and Asia Pacific
Browse the full Biostimulants Market - Growth, Future Prospects and Competitive Analysis, 2016 – 2023 report at http://www.credenceresearch.com/report/biostimulants-market
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Biostimulants involves the modification of the environment to stimulate existing bacteria capable of bioremediation. This can be done by addition of various forms of rate limiting nutrients and electron acceptors, such as phosphorus, nitrogen, oxygen, or carbon (e.g. in the form of molasses). Alternatively, remediation of halogenated contaminants in anaerobic environments may be stimulated by adding electron donors (organic substrates), thus allowing indigenous microorganisms to use the halogenated contaminants as electron acceptors.EPA Anaerobic Bioremediation Technologies Additives are usually added to the subsurface through injection wells, although injection well technology for Biostimulants purposes is still emerging. Removal of the contaminated material is also an option, albeit an expensive one. Biostimulants can be enhanced by bioaugmentation. This process, overall, is referred to as bioremediation and is an EPA-approved method for reversing the presence of oil or gas spills. While Biostimulants is usually associated with remediation of hydrocarbon or high production volume chemical spills, it is also potentially useful for treatment of less frequently encountered contaminant spills, such as pesticides, particularly herbicides.
Source : Wikipedia
What are biostimulants?
Biotstimulants foster plant development in a number of demonstrated ways throughout the crop lifecycle, from seed germination to plant maturity. They can be applied to plant, seed, soil or other growing media that may enhance the plant’s ability to assimilate nutrients and properly develop.
By fostering complementary soil microbes and improving metabolic efficiency, root development and nutrient delivery, biostimulants can:
Increase yield in terms of weight, seed and fruit set.
Enhance quality, affecting sugar content, color and shelf life.
Improve the efficiency of water usage.
Strengthen stress tolerance and recovery.
Currently, humic and fulvic acids constitute more than half of the biostimulant market, with seaweed extracts being secondary. Microbial extracts, plant extracts, vitamin B, chitin and chitosan round out the market offerings, according to the 2nd World Congress on the use of Biostimulants in Agriculture in November 2015.
Other names for biostimulants include plant strengtheners and conditioners, phytostimulants, bioactivators and soil, yield, crop and plant growth enhancers. Despite their increasing use, at this point, no country in the world has a regulatory framework that defines specifically what is a biostimulant.
[Ref: ag.alltech.com]
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by Chris Smith (few months ago!)

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