Agricoltura
Biostimulants Market is Expected to Reach $4.9 Billion by 2025 - Exclusive Report by MarketsandMarkets™
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Extracts from marine algae, known as seaweed extracts, are marketed to be used in the agriculture industry. Intensive research on biostimulants and plant nutritional products has increased the awareness pertaining to the benefits of seaweed extracts in agriculture. Application of seaweed extracts in agriculture not only reduces the side effects of harmful agrochemicals but also helps in protecting the environment. High marine culture and seaweed production in the Asian countries is projected to drive the seaweed extracts segment in this region, wherein low-value production of seaweed extracts by the Indian and Chinese domestic players can be observed.
Foliar spray application is one of the most widely used methods of using biostimulants, to maximize product efficiency. The direct application on leaves through the foliar application method is considered the most effective way of supplying nutrients to plants, resulting in the rapid absorption and enhancement of micronutrient intake in each part of the shoots and roots. Moreover, the foliar application method is found to be a highly effective way of utilizing biostimulants for fruit & vegetable crops.
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The biostimulants market in Europe is driven by the adoption of modern agricultural technology such as precision farming, plant biotechnology, and organic-based active ingredients. The increasing awareness of consumers about the benefits of biostimulants is expected to contribute to market growth. Moreover, the European legislation is in the process of recognizing biostimulants as important plant nutrition and have paved the way toward a regulated environment for these products. Moreover, biostimulants products were initially applied only on high-value crops such as fruits and vegetables in
Europe . However, the industrial importance has transformed some broad-acre crops such as corn and wheat into high-value crops, resulting in the increased use of biostimulants for these crops.
This report includes a study of the development strategies of leading companies. The scope of this report includes a detailed study of biostimulants manufacturers such as BASF ( Germany ), Isagro ( Italy ), Valagro ( Italy ), Bayer ( Germany ), Italpollina ( Italy ), and UPL ( India ).
The report covers detailed information about the major factors such as , , , and that influence the growth of the . A detailed analysis of the key industry players has been done to provide insights into their business overviews, products offered, key strategies, product developments, mergers, partnerships, agreements, and collaborations, as well as the recent developments associated with the biostimulants market.
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