Insights on the Global Biostimulants Market 2020-2024 | COVID-19 Analysis, Drivers, Restraints, Opportunities and Threats | Technavio

The global biostimulants market size is expected to grow by USD 2 billion during 2020-2024, progressing at a CAGR of over 12% during the forecast period. Download Free Sample Report

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Technavio has announced its latest market research report titled Global Biostimulants Market 2020-2024 (Graphic: Business Wire)

Demand for organic food is one of the major factors propelling the market growth.

There is a high preference for organic foods across the globe as they are safer, nutritious, and rich in antioxidants. The increased consumer interest in organic food products is encouraging farmers to adopt organic farming practices that rely on natural agricultural methods, such as crop rotations, animal manure, and green manure. This has led to an increase in the usage of biostimulants in the form of vermicompost, composted urban waste, protein hydrolysate, and chitin derivatives for the cultivation of organic plants and crops. To benefit from the changing consumer demand for organic products, food and beverage manufacturers are also focusing on including ingredients sourced from organic farms. This will significantly influence the growth of the biostimulants market size over the forecast period.

More details: www.technavio.com/report/biostimulants-market-industry-analysis

Global Biostimulants Market: Application Landscape

Biostimulants help in improving the metabolic efficiency of plants, facilitate nutrient translocation and assimilation, increase tolerance to abiotic stresses, and enhance quality attributes in plants. Therefore, in the foliar application, biostimulants are sprayed to shoots to promote growth. Moreover, biostimulants are widely used during the cultivation of cut flowers as their chemical concentration is lower than conventional fertilizers. The increasing demand for cut flowers will contribute to the preference of biostimulants in foliar applications. However, market growth in this segment will be slower than the growth of the market in the soil and seed segment.

Global Biostimulants Market: Geographic Landscape

Europe was the largest market for biostimulants in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing agricultural activities, the rising demand for pastureland, and the growing need for fruits and vegetables in the region will significantly influence the growth of biostimulants market. Hungary, Greece, and the Czech Republic are the critical markets for biostimulants in Europe. Market growth in this region will be slower than the growth of the market in other geographies.

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Companies Covered

• ADAMA Ltd.
• BASF SE
• Bayer AG
• Evonik Industries AG
• FMC Corp.
• ISAGRO Spa
• Italpollina Spa
• Syngenta Crop Protection AG
• UPL Ltd.
• VALAGRO Spa

What our reports offer:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers market data for 2019, 2020, till 2024
• Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Biostimulants Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist biostimulants market growth during the next five years
• Estimation of the biostimulants market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the biostimulants market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of biostimulants market vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Value chain analysis
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2019
• Market outlook
• Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

• Market segmentation by product
• Comparison by product
• Acid-based - Market size and forecast 2019-2024
• Extract-based - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY APPLICATION

• Market segmentation by application
• Comparison by application
• Foliar - Market size and forecast 2019-2024
• Soil - Market size and forecast 2019-2024
• Seed - Market size and forecast 2019-2024
• Market opportunity by application

PART 09: GEOGRAPHIC LANDSCAPE

• Geographic segmentation
• Geographic comparison
• Europe - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity

PART 10: MARKET SEGMENTATION BY CROP TYPE

• Market segmentation by crop type
• Comparison by crop type
• Row crops and cereals - Market size and forecast 2019-2024
• Fruits and vegetables - Market size and forecast 2019-2024
• Turfs and ornaments - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by crop type

PART 11: DECISION FRAMEWORK

PART 12: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 13: MARKET TRENDS

• Reduction in arable land
• Upcoming regulation on biostimulants
• Global initiatives to improve agricultural output

PART 14: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 15: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• ADAMA Ltd.
• BASF SE
• Bayer AG
• Evonik Industries AG
• FMC Corp.
• ISAGRO Spa
• Italpollina Spa
• Syngenta Crop Protection AG
• UPL Ltd.
• VALAGRO Spa

PART 16: APPENDIX

• Research methodology
• List of abbreviations
• Definition of market positioning of vendors

PART 17: EXPLORE TECHNAVIO

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View source version on businesswire.com: https://www.businesswire.com/news/home/20201123005796/en/