According to a market report by Lucintel, the future of the biostimulant by active ingredient market looks promising with opportunities in various segments. The global biostimulant by active ingredient market is expected to grow with a CAGR of 10% from 2019 to 2024. The major growth drivers for this market are increasing need for sustainable agriculture approach, limited investments, and easier raw material availability.
In this market, humic substances (humic acid and fulvic acid), seaweed extracts, microbial amendments, trace minerals, vitamins & amino acids, and other ingredients & additives (polysaccharides, enzymes, soil conditioners, wetting agents, and antioxidants) are the major active ingredient type. Amino acid is the largest segment.
Europe will remain the largest market over the forecast period due to the adoption of modern agricultural technology such as precision farming and plant biotechnology, and organic-based active ingredients.
BASF, Isagro, Valagro, Bayer, Italpollina, Koppert Biological Systems, Acadian Seaplants, UPL, and Biolchim are among the major manufacturers of biostimulant by active ingredient.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global biostimulant by active ingredient market by active ingredient, form, crop type, application method, and region. Lucintel has prepared a comprehensive research report entitled "Global Biostimulant Market by Active Ingredient 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global biostimulant by active ingredient market by active ingredient type, form, crop type, application method, and region as follows:
By Active Ingredient Type[$M shipment analysis for 2013 – 2024]:
Humic substances (humic acid and fulvic acid)
Seaweed Extracts
Microbial Amendments
Trace Minerals
Vitamins & Amino Acids
Other Ingredients & Additives (polysaccharides, enzymes, soil conditioners, wetting agents, and antioxidants)
By Form [$M shipment analysis for 2013 – 2024]:
By Crop Type [$M shipment analysis for 2013 – 2024]:
Row Crops (cereals, oilseeds, and pulses)
Fruits & Vegetables
Turfs & Ornamentals
Other Crops (fiber crops, plantation crops, hydroponics, and forage grasses)
By Application Method [$M shipment analysis for 2013 – 2024]:
Foliar treatment
Soil treatment
Seed treatment
By region [$M shipment analysis for 2013 – 2024]:
North America
Europe
Germany
France
U.K.
Italy
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Indonesia
Rest of Asia Pacific
ROW
Brazil
Argentina
Saudi Arabia
Others
More than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link …helpdesk@Lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.