Recent Developments

BASF SE is German chemical company and one of the largest chemical producer companies. BASF and VanderSat collaborate to provide farmers with high-precision, field-specific crop optimization. BASF starts production of its fungicide innovation Revysol. BASF introduces innovative Cavipor insulation material for existing buildings. The company expands its production network for certified palm products. BASF for the first time makes products with chemically recycled plastics. Planet collaborates with BASF to provide daily monitoring for farmers in Europe

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Market Segmentation:

Biostimulants Market was worth USD 2009.06 million in 2020 and estimated to be growing at a CAGR of 11.92%, to reach USD 3528.02 million by 2025.

Report is segmented by

Active Ingredients

Fulvic Acid

Protein Hydrolysates

Seaweed Extracts

Amino Acid

Humic Acid

Others

Application

Seed

Foliar

Soil

In this segment, humic acids and fulvic acids lead the global market for Biostimulants, accounting for more than 30% of the global market. However, seaweed extract is projected to be the fastest-growing segment due to the increasing demand from North American and European countries. 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. 

Geographical Segmentation:

The market has also been geographically segmented into North America, Europe, Asia-Pacific and the Rest of the World. Europe has been leading the global Biostimulants market followed by North America on account of rapid development of innovative biostimulants and huge investments in R&D. The Asia Pacific market is anticipated to be the fastest growing regional market due to rising awareness and preferences for biostimulants. Growing demand for biostimulants in countries such as Brazil and Mexico is anticipated to offer huge growth prospect for the market in the Latin America region.

Key market players in the market are -

BASF SE

Biostadt

Valagro

Novozymes

Isagro

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Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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