Global Microbial Biostimulants Market, By Crop Type (Fruits and Vegetables, Cereals and Grains, Oilseeds and Pulses, Turf and Ornamentals, Other Crops), Application Method (Foliar Treatment, Soil Treatment, Seed Treatment), Form (Liquid, Dry), End User (Farmers, Research Organizations, Others), Origin (Natural Biostimulants, Synthetic Biostimulants), Distribution Channel (Direct, Indirect), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029
Market Analysis and Insights Global Microbial Biostimulants Market
Data Bridge Market Research analyses that the microbial biostimulants market will project a compound annual growth rate (CAGR) of 10.80% during the forecast period of 2022-2029.
A microbial biostimulant is a microorganism (or a combination of microorganisms) that stimulates natural processes in plants, seeds, or the rhizosphere to improve nutrient uptake, abiotic stress tolerance, nutrient efficiency, production and crop quality. Microbial biostimulants are the newest type of agricultural input, yet they are also the least well-known among farmers.
The rising demand of sustainable agriculture will influence the revenue growth of microbial biostimulants market. The upsurge in the demand of organic farming will accelerate the market's growth. Rapid urbanization and increasing level of disposable income of people are the significant market drivers that will further flourish the growth rate. Furthermore, rising preference towards high value crops will bolster the growth rate of the microbial biostimulants market. Other factors such as easy availability of seaweed as raw material and less restriction on the entry of new players will positively impact the growth rate of the microbial biostimulants market. Another significant factor includes an upsurge in the demand for high-value crops will act as a key trend that will further cushion the market's growth rate.
Moreover, rapid development of technology for biostimulants products and the emerging new markets will further create lucrative and remunerative growth opportunities for the microbial biostimulants market during the forecast period 2022-2029. Additionally, the rising prevalence of strengthen product portfolio will further propel the new growth opportunities in the future year.
However, high cost involved with high-end research and development and availability of low-quality component will derail the microbial biostimulants market's growth rate. Also, increasing demand for synthetic fertilizers will pose a significant challenge to the market's growth. The negative impact of COVID-19 on supply chain, and the dearth of awareness among farmers will act as major market restrain and further hinder the growth rate of microbial biostimulants market.
This microbial biostimulants market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on microbial biostimulants market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Microbial Biostimulants Market Scope and Market Size
The microbial biostimulants market is segmented on the basis of crop type, application method, form, end-user, origin and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of crop type, the microbial biostimulants market is segmented into fruits and vegetables, cereals and grains, oilseeds and pulses, turf and ornamentals, and other crops.
- Based on application method, the microbial biostimulants market is segmented into foliar treatment, soil treatment, and seed treatment.
- Based on the form, the microbial biostimulants market is segmented into dry and liquid.
- On the basis of end-user, the microbial biostimulants market is segmented into farmers, research organizations, and others.
- Based on origin, the microbial biostimulants market is segmented into natural biostimulants, and synthetic biostimulants.
- The microbial biostimulants market is also segmented on the basis of distribution channel. The distribution channel is segmented into direct, and indirect.
Microbial Biostimulants Market Country Level Analysis
The global microbial biostimulants market is analyses and market size, volume information is provided by country, crop type, application method, form, end-user, origin and distribution channel as referenced above.
The countries covered in the microbial biostimulants market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Europe dominates the microbial biostimulants market and will continue to flourish its trend of dominance during the forecast period due to favorable regulations to improve organic food production and the rising prevalence of bio fertilizers in this region. Asia-Pacific is expected to grow during the forecast period of 2022-2029 due to changing food consumption habits in this region. Additionally, rising disposable income and growth of agriculture sector will further propel the market's growth rate in this region.
The country section of the microbial biostimulants market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Microbial Biostimulants Market Share Analysis
The microbial biostimulants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to microbial biostimulants market.
Some of the major players operating in the microbial biostimulants market are BASF SE, VALAGRO S.P.A,, Bayer AG, Biolchim SPA, Isagro, Italpollina S.p.A., Syngenta Crop Protection AG, ADAMA, Koppert, ASL, EBIC, Haifa Negev technologies LTD, Atlántica Agrícola, Biostadt India Limited., Eastman Chemical Company, LALLEMAND Inc., Gowan Company, Rallis India Limited, Novozymes A/S, Brandt, Inc., and OMEX., among others.
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