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The Global Biostimulants Market is likely to expand in the coming years due to product innovations in the market. According to a report by Fortune Business Insights, titled “Biostimulants Market Size, Share and Global Trend By Type (Humic and Fulvic Acid, Seaweed Extracts, Microbial Amendments, Trace Minerals, Vitamins and Amino Acids), Application Method (Soil Treatment, Foliar Spray, Seed Treatment), Formulation (Powder/Dry, Liquid), Crop Type (Cereals, Oilseeds, Fruits and Vegetables, Turf and Ornamentals) and Geography Forecast till 2026.”
The Global Biostimulants Market is likely to gain impetus from a rise in the demand for high-value crops. According to a report published by Fortune Business Insights, titled, “Biostimulants: Global Market Analysis, Insights and Forecast, 2019-2026,” the global Biostimulants market is projected to reach US$ 5.68 Bn by the end of 2026. It will exhibit a CAGR of 12.4% during the forecast period (2019-2026). The global Biostimulants Market was valued at US$ 2.24 Bn in 2018.
The Biostimulants market is likely to gain traction in the coming years due to the increasing demand for environment-friendly and organic products in farming.
The report further states that the governments of numerous countries have begun focusing on the usage of natural or biological origin agricultural inputs in crop production for increased yield and better quality. It is one of the major factors that is anticipated to boost the global biostimulants market growth during the forecast period. Moreover, renowned enterprises operating in the global market are focusing on launching technologically advanced and novel products. This is another factor that will increase the sales of biostimulants market in the coming years.
Key Segmentation of Biostimulants Market
By Active Ingredients
Futureco Bioscience, Italpollina, and Other Key Market Players Launch Innovative Products to Gain Competitive Edge
Futureco Bioscience, an agrobiotechnology company, involved in the research, development, and worldwide commercialization of products for the protection of crops, based in Spain, announced in that it has launched ‘Radisan’ May 2019. It is a new biostimulant that can be used in the development of roots. It can also improve the structure of a plant and strengthens its general state. Radisan can be applied to a variety of crops during their vegetative growth as it has several benefits.
Italpollina, a provider of biotechnological and certified solutions for modern agriculture, based in Italy, launched Tandem, an innovative biostimulant product in February 2019. It consists of a strain of beneficial microorganism infused with LRPP. The product will aid in promoting the development of roots. Tandem also contains vegetal peptides that improve plant resistance to harsh climatic conditions, namely, excess heat, cold, drought, or even lack of nutrients in the soil.
Fortune Business Insights has profiled some of the prominent companies operating in the global biostimulants market. They are Isagro S.p.A, Acadian Seaplants Ltd., Bayer CropScience, Biostadt India Limited, Lallemand Plant Care, Valagro S.p.A, Koppert Biological Systems, BASF SE, UPL, Biolchim S.p.A, Syngenta AG, Agrinos AS, and other key market players.
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To view the original version on The Express Wire visit Biostimulants Market 2019: Industry Analysis by Active Ingredients, by Source, by Application, by Crop, by Geography upto 2026