Latin America Biostimulants Market Key Growth Factors and Industry Analysis
Latin America Biostimulants Market By Active Ingredients (Fulvic Acid, Protein Hydrolysates, Seaweed Extracts, Amino Acid, Humic Acid, And Others)
(EMAILWIRE.COM, February 14, 2018 ) The Latin America Biostimulants Market was worth $0.18 billion in 2016 and estimated to be growing at a CAGR of 9.94%, to reach $0.28 billion by 2021. With scarcity of land and water, amplified importance is being put on the support of advanced tools that can help improve crop harvest. Biostimulant is an organic substance that considerably impacts plant health. It is used in small amounts in order to encourage plant growth, thereby enhancing crop return and quality.
Plant hormones, microorganisms, trace elements, and enzymes are combined in specific amounts to make biostimulants. Hence, biostimulants cannot be characterized as fertilizers that are used to provide nutrients to plants with nutritional deficiencies. They increase nutrient availability, metabolism, and boost the production of chlorophyll and antioxidants.
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The growth of the Latin America Biostimulants market is majorly driven by factors such as rising population, easy availability, and eco-friendly nature of biostimulants. Another key factor driving the market is climate change. Regular deviations in climate due to global warming have resulted in instability in yields of several food and cash crops. This has led to a growing predilection towards the utilization of biostimulants by farmers. However, issues such as lack of awareness among the farmers and high R&D costs involved in this field are hindering the growth of the market in this region.
The Latin America Biostimulants market is segmented based on Active Ingredients, Application, and Crop Type. The market for Biostimulants, on the basis of Active Ingredients, is classified into Fulvic Acid, Protein Hydrolysates, Seaweed Extracts, Amino Acid, Humic Acid, and Others. In this segment, humic acids and fulvic acids lead the market for Biostimulants, accounting for more than 30% of the market. On the basis of Application, the Biostimulants market is segmented into Seed, Foliar, and Soil. The foliar technique of application is the most favoured for biostimulant supply, as it delivers ingredients in a much more direct manner when compared to the others. On the basis of Crop Type, the Biostimulants market is segmented into Fruits & Vegetables, Cereals & Oilseeds, Turfs & Ornaments, and 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.
Latin America market region includes countries such as Brazil, Argentina, Mexico and remaining countries of South America. The biostimulants market in Latin America is anticipated to be driven by agriculture based economies such as Brazil and Argentina, owing to the growing predilections towards bio-based agricultural stimulants in these countries. Elevated production of sugarcane and corn in these countries is another key factor propelling the growth of the market in the region.
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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 the high-growth markets with efficient distribution systems. 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.
Market Segmentation
1) By Active Ingredients
• Fulvic Acid
• Protein Hydrolysates
• Seaweed Extracts
• Amino Acid
• Humic Acid
• Others
2) By Application
• Seed
• Foliar
• Soil
3) By Crop Type
• Fruits & Vegetables
• Cereals & Oilseeds
• Turfs & Ornaments
• Others
Inquire before Buying at http://www.marketdataforecast.com/market-reports/latin-america-biostimulants-market-1374/inquire
About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialties with competitive pricing options.
For more information, kindly visit, www.marketdataforecast.com
Plant hormones, microorganisms, trace elements, and enzymes are combined in specific amounts to make biostimulants. Hence, biostimulants cannot be characterized as fertilizers that are used to provide nutrients to plants with nutritional deficiencies. They increase nutrient availability, metabolism, and boost the production of chlorophyll and antioxidants.
View Full Report @ http://www.marketdataforecast.com/market-reports/latin-america-biostimulants-market-1374/
The growth of the Latin America Biostimulants market is majorly driven by factors such as rising population, easy availability, and eco-friendly nature of biostimulants. Another key factor driving the market is climate change. Regular deviations in climate due to global warming have resulted in instability in yields of several food and cash crops. This has led to a growing predilection towards the utilization of biostimulants by farmers. However, issues such as lack of awareness among the farmers and high R&D costs involved in this field are hindering the growth of the market in this region.
The Latin America Biostimulants market is segmented based on Active Ingredients, Application, and Crop Type. The market for Biostimulants, on the basis of Active Ingredients, is classified into Fulvic Acid, Protein Hydrolysates, Seaweed Extracts, Amino Acid, Humic Acid, and Others. In this segment, humic acids and fulvic acids lead the market for Biostimulants, accounting for more than 30% of the market. On the basis of Application, the Biostimulants market is segmented into Seed, Foliar, and Soil. The foliar technique of application is the most favoured for biostimulant supply, as it delivers ingredients in a much more direct manner when compared to the others. On the basis of Crop Type, the Biostimulants market is segmented into Fruits & Vegetables, Cereals & Oilseeds, Turfs & Ornaments, and 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.
Latin America market region includes countries such as Brazil, Argentina, Mexico and remaining countries of South America. The biostimulants market in Latin America is anticipated to be driven by agriculture based economies such as Brazil and Argentina, owing to the growing predilections towards bio-based agricultural stimulants in these countries. Elevated production of sugarcane and corn in these countries is another key factor propelling the growth of the market in the region.
Free sample of the report is available @ http://www.marketdataforecast.com/market-reports/latin-america-biostimulants-market-1374/request-sample
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 the high-growth markets with efficient distribution systems. 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.
Market Segmentation
1) By Active Ingredients
• Fulvic Acid
• Protein Hydrolysates
• Seaweed Extracts
• Amino Acid
• Humic Acid
• Others
2) By Application
• Seed
• Foliar
• Soil
3) By Crop Type
• Fruits & Vegetables
• Cereals & Oilseeds
• Turfs & Ornaments
• Others
Inquire before Buying at http://www.marketdataforecast.com/market-reports/latin-america-biostimulants-market-1374/inquire
About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialties with competitive pricing options.
For more information, kindly visit, www.marketdataforecast.com
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Market Data Forecast
Abhishek
Tel: +1-888-702-9626
Email us
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Market Data Forecast
Abhishek
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results