Global Biostimulants Market to Grow at 10.43% CAGR through 2022, Forecasts M&M in Its In-Demand Report Recently Added at MarketPublishers.com21 Nov 2017 • by Natalie Aster
LONDON – In 2017, the worldwide biostimulants market value has reached USD 2 billion. This market is projected to rise at a 10.43% CAGR over 2017-2022 to amount to USD 3.29 billion. Some of the main growth drivers include wide raw material availability and increasing number of applications, to name a few. Meantime, the key challenges of the biostimulants market growth comprise uncertain climatic conditions, fluctuating crop prices, different regulatory structures, amid others.
At present, the row crops sector grabs the biggest share of the overall biostimulants market (basing on crop types). Vast cultivated areas under row crops (corn, cotton, rice, sugarcane, etc.) in such emerging regions as South America and APAC are likely to spur the adoption of biostimulants in the row crop sector for sustainable agriculture approach.
The biostimulants market in the APAC region is forecast to expand at the fastest pace during 2017-2022. The Asia-Pacific biostimulants market has seen high demand owing to the strong need to undertake efforts to ensure export quality to their European and North American neighbours, which had a considerable impact on the regional economy, thus fueling the region’s biostimulants market growth.
The in-demand research report “Biostimulants Market by Active Ingredient, Crop Type, Formulation, Application Method, and Region - Global Forecast to 2022” prepared by MarketsandMarkets (M&M) provides a comprehensive analysis of the current scenario, dynamics and top trends in the world’s market for biostimulants. This study includes vital information on the key market growth influencing forces, discusses the major growth challenges and opportunities, canvasses prevailing trends. Moreover, this report sheds light on the competitive scene and offers info on the top players. Besides, it touches upon the regulative framework, reviews the most recent industry developments, includes a detailed market segmentation analysis and describes the present situation across the key regional markets. Additionally, a future outlook for the global biostimulants is at hand.
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