Data Bridge Market Research analyses that the microbial Bio stimulants market will project a compound annual growth rate (CAGR) of 10.80% during the forecast period of 2022-2029.
A microbial bio stimulant 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 Bio stimulants are the newest type of agricultural input, yet they are also the least well-known among farmers.
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Some of the major players operating in the microbial Bio stimulants 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.
Global Microbial Bio Stimulants Market Scope and Market Size:
The microbial Bio stimulants 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 Bio stimulants 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 Bio stimulants market is segmented into foliar treatment, soil treatment, and seed treatment.
- Based on the form, the microbial Bio stimulants market is segmented into dry and liquid.
- On the basis of end-user, the microbial Bio stimulants market is segmented into farmers, research organizations, and others.
- Based on origin, the microbial Bio stimulants market is segmented into natural Bio stimulants, and synthetic Bio stimulants.
- The microbial Bio stimulants market is also segmented on the basis of distribution channel. The distribution channel is segmented into direct, and indirect.
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Microbial Bio stimulants Market Country Level Analysis:
The global microbial Bio stimulants 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 Bio stimulants 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 Bio stimulants market and will continue to flourish its trend of dominance during the forecast period due to favourable 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.
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