(MENAFNEditorial)
Fast Market Research announces the availability of Technavio's new report "Global Biostimulants Market 2015-2019" on their comprehensive research portal.
Biostimulants are a mixture of compounds micro-organisms and substances that are applied to a plant’s aerial components and roots to enhance yield. Biostimulants are mixed with fertilizers to amplify nutrient uptake and improve soil structure and fertility. Based on active ingredient they can be classified as acid-based and extract-based. Based on crop type they can be classified as row crops fruits and vegetables and turfs and ornaments.
Technavio's analysts forecast the global biostimulants market to grow at a CAGR of 13.12% over the period 2014-2019.
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Commenting on the report an analyst from Technavio’s team said: “The most widely used method for testing the effectiveness of biostimulants the bioassay faces a few challenges. For instance it does not consider many of the factors that affect biostimulant efficiency such as climatic conditions processing and timing of extraction. In order to deal with this problem the global biostimulants market is moving toward the adoption of high throughput image analysis. This technology helps to examine the effect of biostimulants on the roots and areal component of plants. Hence traditional bioassays can be associated with high throughput analysis this collaborative approach will help in mapping the gap faced with bioassays.”
According to the report precision farming is a site-specific crop management concept that helps farmers to optimize results from inputs. The aim of precision farming is to manage measure and respond to field variability in crops by using data analysis. It helps in the judicious use of biostimulants while minimizing the use of chemical fertilizers. It ensures sustainable production of crops with minimum wastage and harm to the environment. Precision farming is heavily practiced in North America and Latin America especially in the US Canada and Brazil. Hence precision farming is driving the growth of the global biostimulants market.
Further the report states that managing the variability of the efficiency of biostimulants under different conditions is a challenge hindering the growth of the global biostimulants market.
The key players in the Global Biostimulants Market are Agrinos Arysta LifeScience Biostadt Koppert and Valagro while other prominent vendors include Goemar Micromix Plant Health Omex Agrifluids and Taminco Crop Protection
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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