May 4, 2021   SOURCE: BusinessWire

Worldwide Biostimulants Industry to 2026 - Players Include BASF, Bayer and UPI Among Others - ResearchAndMarkets.com

The "Global Biostimulants Market (2021-2026) by Active Ingredient, Application Method, Crop Type, Form, Geography and the Impact of COVID-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The global biostimulants Market is estimated to be $3 billion in 2021 and is expected to reach $5.1 billion by 2026 growing at a CAGR of 11%.

Bio-stimulants are substances used in agriculture to promote plant growth without the use of any fertilizers. They are available in many formulations of compounds, substances, and micro-organisms to ensure a good crop vigor.

Certain factors like a rise in the demand for sustainable agricultural practices coupled with a strong demand for quality yields has led to a rise in the market for bio-stimulants. On the contrary, factors affecting this growth is the lack of awareness amongst the farmers about the benefits of bio-stimulants.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Biostimulants Market.
  • The report includes in-depth qualitative analysis, verifiable data from authentic sources and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys and observation of renowned personnel in the industry.
  • The report includes in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
  • The report also contains the competitive analysis using Competitive Quadrant, the analyst's proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market

Market Dynamics

Drivers

  • Increase in Need for Sustainable Agriculture
  • Limited Entry Barriers Resulted in the Entry of Players of Different Tiers
  • Easier Availability of Seaweeds as Raw Materials
  • Strong Market Demand from High-Value Crops

Restraints

  • Commercialization of Low-Quality Bio-stimulant Products
  • Low awareness about the advantages of bio-stimulants
  • The derailed supply chain of bio-stimulants due to the global pandemic

Opportunities

  • Strengthening Product Portfolio for Broad-Acre Crops
  • Rising awareness about the benefits of bio-stimulants
  • Technological Advancements for Bio-stimulant Production

Trends

  • Products receiving high acceptance from the different stakeholders
  • Adoption of bio-based agricultural produce

Companies Mentioned

  • BASF
  • Valagro
  • Bayer
  • UPI
  • Biolchim
  • Isagro
  • Italpollina
  • Syngenta
  • FMC Corporation
  • Adama
  • Koppert Biological Systems
  • Acadian Seaplants Limited
  • Biovert-Manvert
  • Haifa Group
  • SAPEC
  • Novozymes A/S
  • Platform Specialty Products Corporation
  • Biostadt India Limited

For more information about this report visit https://www.researchandmarkets.com/r/341p2p