- Incorporation of humic acid and fulvic acid in biostimulant compositions help manufacturers tap into vast avenues; adoption of products to improve yield of fruits and vegetables generate substantial revenue streams in biostimulants market
- R&D in mechanisms of novel raw materials to open up new application areas, particularly in seaweed extracts
WILMINGTON, Del., Aug. 18, 2022 /PRNewswire/ -- A detailed demand analysis of biostimulants market underscores the trend that efforts of industry players in raising the awareness about appropriate usage of products for variety of crops and plant types have translated into sizable revenues. Initiatives undertaken to make agriculture more resilient has spurred the application of products in improving the yield, especially for oilseeds and pulses, cereals and grains, and fruits and vegetables. The biostimulants market is projected to advance at a CAGR of 9.6% during 2021-2031.
Continuous advancements in functional characteristics of biostimulants have paved way to new opportunities for agrochemical companies. Growers are likely to benefit from next-gen products in the biostimulants market in that their applications will improve nutrient use efficiency and tolerance to abiotic stresses. Stridently, massive commercialization of new biostimulants formulations containing humic acid and fulvic acid has propelled sales of sales of biostimulants market.
Contemporary breeding programs for improving seed and grain yield and quality are leaning on reducing the need of fertilizers and adopting biostimulants for agriculture production. Extensive R&D in recent years have increasingly expanded understanding of the mode of action of biostimulants based on seaweed extracts and plant hormones. Of note, macroalgae seaweeds extracts have evoked interest among industry players, as emerging trends of the biostimulants market indicate.
Request a Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11099
Key Findings of Biostimulants Market Study
- Raising Awareness About Appropriate Usage in Different Crops Enriching Prospects: Industry players are keen on creating awareness of the appropriate usage of biostimulants, since the mode of action varies for different crops and plants. This will help growers improve the yield of their plants in suboptimal conditions. In particular, the need for natural alternatives for fertilizers for boosting yield of crops has nudged manufacturers and distributors to raise awareness, such as through workshops.
- Abundant Demand for Humic Acid and Fulvic Acid-Based Biostimulants Underpins Lucrative Opportunities: Massive demand for biostimulants products based on humic acid and fulvic acid has created an enormous revenue potential. The products are gaining rapid adoption in the agriculture industry, notably for fruits and vegetables. The segment held a major share of the biostimulants market in 2020.
- Firms Keen on Unveiling Next-Gen Products to Enhance Crop Quality Traits to Capture Value: The past few years have witnessed extensive R&D on exploring and incorporating novel raw materials in the formulations. Of note, organic non-microbial biostimulants have witnessed substantial research in recent times. In this regard, seaweed extracts have evoked massive interest. Growing understanding of the targets of seaweed extracts-based biostimulants for various crops will expand the commercialization of next-gen products in biostimulants market.
Make an Enquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=11099
Biostimulants Market: Key Drivers
- Technological advancements around the world in boosting the sustainability of agricultural production systems are reinforcing the market prospects of biostimulants. Their commercialization hinges on the rising adoption of these in the agriculture industry in improving plant development in various plant growth conditions.
- Advancements in agriculture practices have led stakeholders to reduce the consumption or use of fertilizers and pesticides, and shift their attention to natural biostimulants. The initiatives pivot from growing understanding of mechanism of their action, introduction of cutting-edge processes for their extraction, and better purification techniques.
Biostimulants Market: Key Players
Agrochemical companies in the market are gearing toward entering into collaborations, making strategic moves for mergers, and leaning on joint ventures to strengthen their positions or shares. Some of the key players in the biostimulants market are Haifa Group, Agricen, Agriculture Solutions Inc., Biolchim SPA, Italpollina S.p.A., Premier Tech Ltd., Agrinos, Isagro S.p.A., AGC Chemicals, Valagro SpA, and Syngenta.
Ask References: https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=11099
Biostimulants Market Segmentation
- Product
- Humic Acid & Fulvic Acid
- Amino Acids
- Microbial Stimulants
- Seaweed
- Vitamins
- Biorationals (including Minerals)
- Application
- Oilseeds & Pulses
- Cereals & Grains
- Fruits & Vegetables
- Turf
- Landscape
- Ornamental Flowers
Regions
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Countries
- U.S.
- Canada
- Germany
- U.K.
- France
- Italy
- Russia
- Japan
- China
- India
- ASEAN
- Brazil
- Mexico
- GCC Countries
- South Africa
Browse More Chemicals & Materials Market Reports by TMR:
Aroma Chemicals Market - Aroma Chemicals Market to Register CAGR of 6.2% from 2022 to 2031
Polyurethane (PU) Dispersions (Aqueous and Solvent) Market - Polyurethane (PU) Dispersions (Aqueous and Solvent) Market is likely to register a CAGR of 5.5% during the forecast period and is anticipated to reach a polyurethane (pu) dispersions (aqueous and solvent) market share of 779.3 Kilo Tons by 2031
EVA Resins & Films Market - EVA Resins & Films Market is likely to register a CAGR of 5% during the forecast period and is anticipated to reach a EVA resins & films market share of US$ 7.4 Bn by 2031
Butyric Acid Derivatives Market - Butyric Acid Derivatives Market is likely to register a CAGR of 7.2% during the forecast period and is anticipated to reach a butyric acid derivatives market share of US$ 1.4 Bn by 2031
Naphthenic Base Oil Market - Naphthenic Base Oil Market is likely to register a CAGR of 3.9% during the forecast period and is anticipated to reach a naphthenic base oil market share of US$ 3.6 Bn by 2031
Silicone Rubber Market - Silicone Rubber Market is likely to register a CAGR of 5.52% during the forecast period and is anticipated to reach a silicone rubber market share of US$ 2.6 Bn by 2031
Soft Magnetic Composite Market - Soft Magnetic Composite Market is likely to register a CAGR of 7.2% during the forecast period and is anticipated to reach a soft magnetic composite market share of US$ 9.8 Bn by 2031
Glass Reinforced Epoxy (GRE) Pipes Market - Glass Reinforced Epoxy (GRE) Pipes Market is likely to register a CAGR of 4.8% during the forecast period and is anticipated to reach a glass reinforced epoxy (GRE) pipes market share of US$ 2.9 Bn by 2031
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
For More Research Insights on Leading Industries, Visit our YouTube channel - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ
Contact Us:
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
Logo: https://mma.prnewswire.com/media/1682871/TMR_Logo_Logo.jpg
