Marketresearchdata.net has added a new report on Latin America Biostimulants Market. The market research report is a comprehensive presentation of analysis of the industry trends, industry analysis, and study of sub-segments in Latin America Biostimulants Market Market. Moreover, the report measures the market size of Latin America Biostimulants Market Market and its sub-segments for the historic years and forecasts for the coming years.
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Industry Trends, opportunities and Threats:
1) Get exclusive insights on the current and future industry trends in Latin America Biostimulants Market Market.
2) Get a glimpse of the opportunities presented by the changed in the Latin America Biostimulants Market Market.
3) Get insights on the threats in the market and be prepared with strategies to get rid of threats.
4) Investment analysis of the leading companies and their recent developments.
latin america biostimulants market
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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.
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.
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.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Active Ingredients
5.1.1 Fulvic Acid
5.1.2 Protein Hydrolysates
5.1.3 Seaweed Extracts
5.1.4 Amino Acid
5.1.5 Humic Acid
5.2 By Application
5.3 By Crop Type
5.3.1 Fruits & Vegetables
5.3.2 Cereals & Oilseeds
5.3.3 Turfs & Ornaments
6. Geographical Analysis
6.5 Rest of Latin America
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porters Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 BASF SE
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Biostadt India Limited
8.3 Valagro SpA
8.4 Novozymes A/S
8.5 Biolchim SpA
8.6 Isagro SpA
8.7 Koppert B.V
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook & Investment Opportunities
a) List of Tables
b) List of Figures