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 & Fulvic Acid, Seaweed Extracts, Microbial Amendments, Trace Minerals, Vitamins & Amino Acids), Application Method (Soil Treatment, Foliar Spray, Seed Treatment), Formulation (Powder/Dry, Liquid), Crop Type (Cereals, Oilseeds, Fruits & Vegetables, Turf & Ornamentals) & Geography Forecast till 2026,” the market is likely to gain traction in the coming years due to the increasing demand for environment friendly and organic products in farming.
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As biostimulants are a combination of compounds, micro-organisms, and other substances, they are an excellent source of nutrients and proteins. As a result, there is a demand from farmers as well as other crop producers. Biostimulants enhance the plant growth and development right from the initial days of plant germination to the time where plants are fully matured. The advantages of biostimulants from conventional crop fertilizers have led to their rising uptake and an environment-friendly nature is what differentiates them from the other fertilizers.
‘YieldOn’ by Valagro, Among The Several Product Launches Favoring Market Growth
The global biostimulants market is witnessing opportunities for growth from recent trends in products innovations. Many big-name companies are focusing on research and development of biostimulant ingredients to launch their own patented products. The ‘YieldOn’ by Valagro was among the many new products that have been introduced in the market in recent times.
In 2017, Valagro made ‘YieldOn’ available to the commercial market, stating that the product was a response to the huge demand for ‘sustainable crop productivity’ from end users around the world. The exceptional properties of YieldOn will lead to a rising uptake, which in turn is likely to favor the growth of the global biostimulants market in the forthcoming years.
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Biostimulants Market in India Holds Huge Potential
The biostimulants market in India is in the developing stage. Several new concepts have been introduced and people have only begun to explore the untapped potential in recent times. Owing to the high population in India, there is a soaring demand for sustainable agricultural products. Although a small percentage of the population is aware of the advantages of biostimulants, this factor has created growth opportunities for market entrants.
Agriculture plays a massive role in the Indian economy and subsequently, the growing adoption of biostimulants in India will have a positive impact on the global market. In response to the massive potential in India, companies such as Syngenta are adopting attractive business strategies, with an inclination towards introducing low-cost products. The global biostimulants market is likely to grow in the coming years with an impetus from the growth of regional markets of the Asia Pacific and North America.
In this report, Fortune Business Insights has profiled some of the companies that have active participation in the global market, in the form of product innovations, mergers and acquisitions, and company agreements. Recent trends such as investing in climate-specific markets are influencing growth in a positive manner.
In May 2019, AgMa Energy announced that it plans to launch India-specific agricultural products to suit domestic crops and climatic conditions. Fortune Business Insights provides a detailed analysis of company activities, similar to AgMa’s latest strategy. Besides, AgMa, some of the leading companies that are operating in the global biostimulants market are Koppert, Valagro, BASF, Syngenta, Monsanto Bioag Alliance, Arysta Lifescience, and Isagro.
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