Biostimulants Market by Active Ingredient (Humic acids, Fulvic Acids, Seaweed, Microbials, Trace Minerals, Vitamins, and Amino acids), Application Method (Foliar, Soil, and Seed), Crop Type, & by Region - Global Trends & Forecasts to 2021
Report Summary : The biostimulants market is projected to reach USD 2.91 billion by 2021. This market has been gaining prominence among broad-acre crops to improve the crop productivity against different stress conditions such as intense heat, drought, salinity, or floods. Factors such as raw material availability and widening applications in row crops such as cereals and oilseeds for its efficient stress response mechanism are projected to drive the biostimulants market. Among the key ingredients considered, seaweed extracts and microbial amendments are projected to be the fastest-growing segments. Seaweed extracts provide larger benefits in terms of improving soil structure and aeration, increasing biotic and abiotic stress tolerance, enhancing seed germination, and stimulating root growth, flower set, and fruit production. Key market players such as BASF SE (Germany), Novozymes A/S (Denmark), Isagro SpA (Italy), Platform Specialty Products Company (U.S.), Valag...