Description:-
Micro-organisms and/or formulations that are applied to the soil or plants to enhance the quality, yield and tolerance of the plants towards abiotic stresses are referred to as biostimulants. Biostimulants facilitate healthy plant metabolism including growth and development. Increasing investments in agricultural R&D sector has resulted in increased production of biostimulants in Latin and Central America. Technological stride is also identified as one of the major reasons for the increasing market share of biostimulants in the region.
Latin America is identified to have a significant resource of unexploited agricultural land (concentrated in Brazil and Argentina), which will play a vital role in global food production and exports in the future. Escalating population and economic development in the region has resulted in strong emphasis on the agricultural sector in the countries of Latin and Central America. This has further resulted in the immediate new inventions in the agricultural sector in the region.
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Regional Analysis
The Latin America & Central America Biostimulants market involves countries such as Brazil, Argentina, Mexico, and rest of Latin America. Brazil dominates the market and will continue to dominate during the forecast period 2017-2023. Mexico is estimated to have the highest CAGR during the forecast period. A rising demand for organic food ingredients and clean label food & beverages in recent years has been observed.
Segments
Biostimulants market, by type has been segmented into natural and synthetic. On the basis of crop type, the market is segmented into fruits & vegetables, row crops, turfs & ornaments and others. On the basis of application, the market is segmented as seed treatment, foliar treatment, soil treatment. On the basis of active ingredients, the market is segmented as acid based, extracts, and others. On the basis of acid based ingredients, the market is segmented as humic acid, fulvic acid, amino acid. On the basis of extract based ingredients, the market is segmented as microbial, plant, and seaweed.
Key Players
The leading market players in the Latin America& Central America Biostimulants market primarily are BASF SE (Germany), Sapec Group (Trade Corporation International) (Spain), Arysta Life Science Limited (Japan), Isagro S.P.A (Italy), Valagro S.P.A (Italy), Koppert B.V (Netherlands), and Italpollina (Italy)
Target Audience
Biostimulants manufacturers
Raw material suppliers
End-use
Retailers & Wholesalers
E-commerce companies
Traders, importers and exporters
Continued……
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Table Of Contents – Major Key Points
1 Report Prologue
2 Introduction
2.1 Definition
2.1.1 Biostimulants
2.2 Scope of the Study
2.2.1 Research Methodology
2.3 Assumptions
2.4 Limitations
2.5 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Forecast Model
4 Premium Insights
4.1 Latin American Biostimulants Market: Market Mapping & Research Methodology
4.2 Market Overview: Latin American Biostimulants Market
4.3 Industry Trends and Market Environment: Latin American Biostimulants Market
4.4 Brazil
4.5 Argentina
4.6 Mexico
5 Market Dynamics
5.1 Introduction
5.2 Drivers
5.2.1 Growing food demand due to rising global population
5.2.2 Climate Change and Need of Sustainable Agriculture
5.2.3 Easier Raw Material Availability and Efficiency in Production
5.2.4 Rising Demand of Organic Products and Horticulture Crops
5.2.5 Restore Soil Degradation and Improve Soil Quality
5.3 Restraints
5.3.1 Lack of Awareness Among Farmers
5.3.2 Rising Cost and High Cost of Production
5.4 Opportunity
5.4.1 Huge Investments in R&D and New Product Developments
5.4.2 Government Initiatives and Funding to Support the Farmers
5.4.3 Increasing demand of clean label products
5.5 Challenges
5.5.1 Unclear Legislations of Biostimulants
5.5.2 Increasing Number of Players with Similar Formulations
Continued……
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