Europe Biostimulants Market is forecasted to grow at 12.5% CAGR with factors such as rising demand for sustainable agriculture.
The Europe biostimulants market has shown an exceptional penetration in Europe due to the increasing demand for sustainable agriculture. Lack of regulations associated with product commercialization may hamper the market's demand.
Europe Biostimulants Market Scenario
According to Data Bridge Market Research, the market for biostimulants in Spain has the highest market share, followed by Italy and the U.K. The market leader is ADAMA Ltd, Inc., which accounts for an estimated market share of approximately 22.12% in the Europe biostimulants market.
Biostimulants comprise many biological materials, microorganisms, and compounds that are specifically added to crops, seeds, or soil to improve plant energy, increase crop yields, and minimize plant pressure. These are nutrient additives to enhance plant growth and production. Biostimulants can even be utilized as a substitute for insecticides and pesticides to boost agricultural products' nutritional value and others. Increasing demand for sustainable agriculture and biostimulants to improve soil nutrients has shown significant growth in the Europe market for biostimulants. Companies are involved in different strategic decisions such as mergers and acquisitions, partnerships, and others.
For instance,
- In January 2019, ADAMA Ltd. signed a non-binding memorandum of understanding (MOU) with Jiangsu Huifeng Bio Agriculture Co., Ltd. With this acquisition, ADAMA Ltd. has enhanced its business both in China and worldwide in the crop protection field
Trends Impacting the Market
Now the question is which other regions ADAMA Ltd., Syngenta, and Novozymes are targeting? Data Bridge Market Research has forecasted a large growth in the Europe biostimulants market and the market leaders targeting Spain and Italy to be their next revenue pockets for 2022.
The Europe biostimulants market is becoming more competitive every year with companies such as ADAMA Ltd., Syngenta, and Novozymes as they are the market leaders for biostimulants. The data bridge market research new reports highlight the major growth factors and opportunities in the Europe Biostimulants Market.
For more analysis on the Europe Biostimulants Market: https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=europe-biostimulants-market
Europe Biostimulants Market Developments
- In September 2018, LALLEMAND INC. acquired Biomin's fermentation plant in Piracicaba, Brazil. With this acquisition, the company will expand its business in Brazil and has helped them with the additional 70 employees in their plant care team
- In July 2019, Valagro SpA collaborated with Marrone Bio Innovations for research and development activities. In this partnership, Valagro has combined Marrone Bio's microorganisms and biopesticides in PBS and plant nutrition, strengthening the company's position by providing new product in the market that has provided growers with a better bottom line
Scope of the Europe Biostimulants Market
The Europe biostimulants market is segmented into seven notable segments based on active ingredients, crop type, application method, form, origin, end user, and distribution channel.
- On the basis of active ingredients, the Europe biostimulants market is segmented into acid based, extract based, microbial amendments, protein hydrolysates, B-vitamins, chitin, chitosan, and others. On the basis of crop type, the Europe biostimulants market is segmented into fruits & vegetables, cereals & grains, turf & ornamentals, oilseeds & pulses, and other crops. On the basis of application method, the Europe biostimulants market is segmented into foliar treatment, soil treatment, and seed treatment. On the basis of form, the Europe biostimulants market is segmented into liquid and dry. On the basis of origin, the Europe biostimulants market is segmented into natural biostimulants and synthetic biostimulants. On the basis of end user, the Europe biostimulants market is segmented into farmers, related industries, and research institutes. On the basis of distribution channel, the Europe biostimulants market is segmented into direct and indirect.
To know more about the study: https://www.databridgemarketresearch.com/reports/europe-biostimulants-market
Key Pointers Covered in Europe Biostimulants Market Industry Trends and Forecast to 2029
- Market Size
- Market Standards and Changes
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different regions
- Sales Data for Market Competitors
- Key Vendors and Disruptors Study
- Supply Chain Competitiveness
Key Market Competitors Covered in the Report
- Valagro SpA
- Biolchim SPA
- Isagro
- Italpollina S.p.A.
- ADAMA Ltd.
- KOPPERT BIOLOGICAL SYSTEMS
- Haifa Group
- Novozymes
- ACADIAN SEAPLANTS LIMITED
- ATLÁNTICA AGRICOLA
- Trade Corporation International
- MICROMIX
- Syngenta
- Bayer AG
- UPL
- Eastman Chemical Company
- OMEX
- LALLEMAND Inc.
- Agrinos
- Brandt Consolidated, Inc.
- FMC Corporation
Above are the key players covered in the report, to know about more and exhaustive list of biostimulants companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=europe-biostimulants-market
Research Methodology: Europe Biostimulants Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market timeline analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis, and vendor share analysis. To know more about the research methodology, drop an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Farmers, Research Institutes, Agro-processing Companies
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers, among others.
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