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Asia-Pacific Biostimulants Market By Active Ingredients (Fulvic Acid, Protein Hydrolysates, Seaweed Extracts, Amino Acid, Humic Acid, And Others), By Application (Seed, Foliar, Soil), By Crop Type (Fruits & Vegetables, Cereals & Oilseeds, Turfs & Ornaments, And Others) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecast 2022 to 2027.

Published: January, 2022
ID: 1297
Pages: 145
Formats: report pdf report excel report power bi report ppt

Asia-Pacific Biostimulants Market Size & Growth 2026:

Asia-Pacific Biostimulants Market was worth USD 502.35 million in 2021 and estimated to be growing at a CAGR of 13.14%, to reach USD 800.17 million by 2026. Biostimulants promote plant development in a number of established ways throughout the crop lifespan, from seed sprouting to crop maturity. They enhance the plant’s capability to integrate nutrients and properly grow.

Biostimulants improve soil quality and enhance product quality, thereby generating better profits for crop cultivators and providing healthier foods for customers. Healthy soil grasps water more effectively and is more resilient to erosion. Biostimulants also help in tackling some of the most important challenges that world agriculture currently faces.

Market Drivers:

The growth of the Asia-Pacific Biostimulants market is majorly due to factors such as growing awareness among farmers, mounting food demand due to an increasing population, and government subsidies. Biostimulants are gaining increasing importance in the agriculture sector due to their environmental-friendly and organic character. However, factors such as volatile economies and high R&D costs involved in this field are impeding the growth of the market in this region.

ASIA PACIFIC BIOSTIMULANTS MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2020

Forecast Period

2022 - 2027

CAGR

13.14%

Segments Covered

  • By Active Ingredients

  • By Application

  • By Crop Type

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

  • China
  • India
  • Japan
  • South Korea
  • Australia

Market Leaders Profiled

BASF SE, Biostadt India Limited, Valagro SpA, Novozymes A/S, Biolchim SpA, Isagro SpA, and Koppert B.V.

Market Segmentation:

Asia-Pacific Biostimulants Market – By Active Ingredients:

  • Fulvic Acid

  • Protein Hydrolysates
  • Seaweed Extracts
  • Amino Acid
  • Humic Acid
  • Others

In this segment, humic acids and fulvic acids lead the market for Biostimulants, accounting for more than 30% of the market.

Asia-Pacific Biostimulants Market – By Application:

  • Seed
  • Foliar
  • Soil

The foliar technique of application is the most favored for biostimulant supply, as it delivers ingredients in a much more direct manner when compared to the others.

Asia-Pacific Biostimulants Market – By Crop Type:

  • Fruits & Vegetables
  • Cereals & Oilseeds
  • Turfs & Ornaments
  • Others

Cereals & Oilseeds lead the market on the basis of Crop Type and this trend is expected to remain the same during the forecast period.

Geographical Analysis:

The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. The growth of the market in this region is reinforced by the increasing demand to step up the output of intensely promoted food crops such as soybeans, rice, corn, and wheat. Biostimulants not only boost crop growth during severe conditions in these regions but also increase the crop return and quality. Farmers in this region prefer biostimulants instead of synthetic stimulants, as the former not only enhances crop yield but also improves land fertility, while the latter may damage land fertility at the price of enhancing crop yield.

Important strategies such as product expansions and investments have been implemented by the key players in the biostimulants industry. These companies are improving their capabilities by diversifying their commercial operations across high-growth markets with efficient distribution systems.

Key Players:

The major companies dominating the Biostimulants market in this region are

  • BASF SE
  • Biostadt India Limited
  • Valagro SpA
  • Novozymes A/S
  • Biolchim SpA
  • Isagro SpA
  • and Koppert B.V

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