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Insights on the Global Biostimulants Market 2020-2024 | COVID-19 Analysis, Drivers, Restraints, Opportunities and Threats | Technavio


The global biostimulants market size is expected to grow by USD 2 billion during 2020-2024, progressing at a CAGR of over 12% during the forecast period. Download Free Sample Report

Demand for organic food is one of the major factors propelling the market growth.

There is a high preference for organic foods across the globe as they are safer, nutritious, and rich in antioxidants. The increased consumer interest in organic food products is encouraging farmers to adopt organic farming practices that rely on natural agricultural methods, such as crop rotations, animal manure, and green manure. This has led to an increase in the usage of biostimulants in the form of vermicompost, composted urban waste, protein hydrolysate, and chitin derivatives for the cultivation of organic plants and crops. To benefit from the changing consumer demand for organic products, food and beverage manufacturers are also focusing on including ingredients sourced from organic farms. This will significantly influence the growth of the biostimulants market size over the forecast period.

More details: www.technavio.com/report/biostimulants-market-industry-analysis

Global Biostimulants Market: Application Landscape

Biostimulants help in improving the metabolic efficiency of plants, facilitate nutrient translocation and assimilation, increase tolerance to abiotic stresses, and enhance quality attributes in plants. Therefore, in the foliar application, biostimulants are sprayed to shoots to promote growth. Moreover, biostimulants are widely used during the cultivation of cut flowers as their chemical concentration is lower than conventional fertilizers. The increasing demand for cut flowers will contribute to the preference of biostimulants in foliar applications. However, market growth in this segment will be slower than the growth of the market in the soil and seed segment.

Global Biostimulants Market: Geographic Landscape

Europe was the largest market for biostimulants in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing agricultural activities, the rising demand for pastureland, and the growing need for fruits and vegetables in the region will significantly influence the growth of biostimulants market. Hungary, Greece, and the Czech Republic are the critical markets for biostimulants in Europe. Market growth in this region will be slower than the growth of the market in other geographies.

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Biostimulants Market 2020-2024: Key Highlights

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

PART 04: MARKET SIZING

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY PRODUCT

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY APPLICATION

PART 09: GEOGRAPHIC LANDSCAPE

PART 10: MARKET SEGMENTATION BY CROP TYPE

PART 11: DECISION FRAMEWORK

PART 12: DRIVERS AND CHALLENGES

PART 13: MARKET TRENDS

PART 14: VENDOR LANDSCAPE

PART 15: VENDOR ANALYSIS

PART 16: APPENDIX

PART 17: EXPLORE TECHNAVIO

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