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Global Biostimulants Market 2018-2022 to Post 11% CAGR| Technavio

August 3, 2018

Technavio has published a new market research report on the global biostimulants market from 2018-2022. (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--Aug 3, 2018--The global biostimulants market is expected to post a CAGR of over 11% during the period 2018-2022, according to the latest market research report by .

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Technavio has published a new market research report on the global biostimulants market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the growth in the organic food industry. During the forecast period, the global organic food industry will post a CAGR of over 14%. The growing focus on health and the environment is increasing the consumption of organic varieties of fruits, vegetables, and grains. Several governments across the world encourage the adoption of organic foods, and the organic food market will register remarkable growth in the coming years. The use of natural fertilizers for enhancing yield, quality, and immunity will drive the growth of the global biostimulants market. Biostimulants help in reducing the use of chemicals in crops and soil and are extensively used in seed treatment.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the growing popularity of precision farming as one of the key emerging trends in the global biostimulants market:

Global biostimulants market: Growing popularity of precision farming

Precision farming is growing in popularity owing to the limited availability of land and enhanced farming practices. In 2016, the global precision farming market is valued at more than USD 3.5 billion and will register significant growth during the forecast period. This method of farming uses biostimulants for increasing yield and productivity. In developed countries such as the US, Germany, the UK, and France, the increasing demand for precision farming will contribute significantly to the global biostimulants market.

“Precision farming is a farming management technique that uses few resources and reduces the production cost. It used smart sensors, satellites, high-precision positioning systems, and a range of IT applications for agricultural production. The technique provides insights on crop protection to farmers based on the soil fertility, moisture content, and chemistry,” says a senior analyst at Technavio for research on bio-chemicals and bio-materials.

Global biostimulants market: Segmentation analysis

This market research report segments the global biostimulants market by product (acid-based and extract-based), application (foliar, soil, and seed), and geographical regions (APAC, EMEA, and the Americas).

The foliar segment held the largest market share in 2017, accounting for nearly 75% of the market. This application segment is expected to dominate the global market throughout the forecast period.

EMEA led the market in 2017 with a market share of nearly 45%. The market share occupied by this region is anticipated to decrease by nearly 2% during 2018-2022.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market sizing Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20180803005300/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS NATURAL RESOURCES AGRICULTURE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 08/03/2018 09:31 AM/DISC: 08/03/2018 09:31 AM

http://www.businesswire.com/news/home/20180803005300/en

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