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(MoneyNewsWire.Net, November 28, 2017 ) According to the report Biostimulants Market, published by Market Data Forecast, the Global market was worth USD 0.58 billion in 2017 and estimated to be growing at a CAGR of 10.45%, to reach USD 0.96 billion by 2022.
Biostimulants market growth are biologically derived microorganisms or biological formulations that are added to the fertilizers in order to improve the growth and productivity of crop. They are directly applied to the roots in order to enhance the crops quality, yield, tolerance to foreign threats and water retention capacity.
Get a comprehensive overview of the Biostimulants Market: http://www.marketdataforecast.com/market-reports/north-america-biostimulants-market-1371/
Biostimulants Market: Drivers & Restraints
Factors such as the rapid population growth and decreasing agricultural land coupled with the need to increase the crop production are the main driver of the North America bio stimulants market. These are the major factors driving the growth of biostimulants market. Moreover, growing environmental concerns are forcing the companies to look for a more efficient and ecofriendly solution. The aforementioned factor coupled with increase in the prices of chemical fertilizers and stimulants and growing demand for organic food products are further expected to propel the market growth. Be that as it may, lack of proper regulatory guidelines coupled with lack of awareness among farmers regarding biostimulants in developing economies are expected to have a negative impact on the market growth.
Get accurate market forecast and analysis on the Biostimulants Market. Request a sample to stay up-to-date on the main trends affecting this market: http://www.marketdataforecast.com/market-reports/north-america-biostimulants-market-1371/request-sample
Biostimulants Market: Segmentation
By Active Ingredients
• Fulvic Acid
• Protein Hydrolysates
• Seaweed Extracts
• Amino Acid
• Humic Acid
• Others
By Application
• Seed
• Foliar
• Soil
By Crop Type
• Fruits & Vegetables
• Cereals & Oilseeds
• Turfs & Ornaments
• Others
By Geography
• North America
o United States
o Canada
From simple data collation through secondary and primary research to ad-hoc research requests relating to specific information, we provide our services via customization. Get customization at: http://www.marketdataforecast.com/market-reports/north-america-biostimulants-market-1371/customize-report/
Biostimulants Market: Overview
In 2017, fulvic acid held the largest market share of the active ingredients segment due to the fact that fulvic acid contains several nutrients which are beneficial for plant health and it is also one of the most chemically active compounds in the soil. Humic acid is also similar to the fulvic acid and also contribute significantly to the biostimulants market. Seaweed extract is anticipated to witness the fastest growth in the active ingredients marketing market segment due to its high demand in developed countries of North America.
As of 2017, North America held the second largest share of the the biostimulants market due to the availability of innovative products and high research and development investments in this region.
Biostimulants Market: Key Players
Some of the major players competing in the Biostimulants market are BASF SE, Biostadt India Limited, Novozymes A/S, Valagro SpA, Isagro SpA, Biolchim SpA, and Koppert B.V.
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