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(MoneyNewsWire.Net, October 25, 2017 ) The Middle East and Africa Biostimulants Market was worth $0.07 billion in 2016 and estimated to be growing at a CAGR of 9.27%, to reach $0.12 billion by 2021. With scarcity of land and water, amplified importance is being put on the support of advanced tools that can help improve crop harvest. Biostimulant Industry is an organic substance that considerably impacts plant health. It is used in small amounts in order to encourage plant growth, thereby enhancing crop return and quality. Plant hormones, microorganisms, trace elements, and enzymes are combined in specific amounts to make biostimulants.
Hence, biostimulants cannot be characterized as fertilizers that are used to provide nutrients to plants with nutritional deficiencies. They increase nutrient availability, metabolism, and boost the production of chlorophyll and antioxidants. The growth of the Middle East and Africa Biostimulants market is majorly driven by factors such as rising population, easy availability, and eco-friendly nature of biostimulants. Another key factor driving the market is climate change.
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Regular deviations in climate due to global warming have resulted in instability in yields of several food and cash crops. This has led to a growing predilection towards the utilization of biostimulants by farmers. However, issues such as lack of awareness among the farmers and high R&D costs involved in this field are hindering the growth of the market in this region.
The Middle East and Africa Biostimulants market is segmented based on Active Ingredients, Application, and Crop Type. The market for Biostimulants, on the basis of Active Ingredients, is classified into Fulvic Acid, Protein Hydrolysates, Seaweed Extracts, Amino Acid, Humic Acid, and Others. In this segment, humic acids and fulvic acids lead the market for Biostimulants, accounting for more than 30% of the market. On the basis of Application, the Biostimulants market is segmented into Seed, Foliar, and Soil.
The foliar technique of application is the most favoured for biostimulant supply, as it delivers ingredients in a much more direct manner when compared to the others. On the basis of Crop Type, the Biostimulants market is segmented into Fruits & Vegetables, Cereals & Oilseeds, Turfs & Ornaments, and Others. Cereals & Oilseeds lead the market on the basis of Crop Type and this trend is expected to remain the same during the forecast period.
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The market has been geographically segmented into Middle East and Africa. South Africa is projected to offer huge prospects for the growth of the biostimulants market due to a rising preference towards the usage of bio-based agricultural stimulants in this region. Important strategies such as product expansions and investments have been implemented by the key players in the biostimulants industry.
These companies are improving their capabilities by diversifying their commercial operations across the high-growth markets with efficient distribution systems. The major companies dominating the Biostimulants market in this region are BASF SE, Biostadt India Limited, Valagro SpA, Novozymes A/S, Biolchim SpA, Isagro SpA, and Koppert B.V.
Market Segmentation
1) By Active Ingredients
Fulvic Acid
Protein Hydrolysates
Seaweed Extracts
Amino Acid
Humic Acid
Others
2) By Application
Seed
Foliar
Soil
3) By Crop Type
Fruits & Vegetables
Cereals & Oilseeds
Turfs & Ornaments
Others
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Reasons to buy Middle East and Africa Biostimulants Market Research Report:
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of By Active Ingredients, By Application, and Crop Type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the Middle East and Africa market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analyzing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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