Global Biostimulants Market: Key Highlights
Global Biostimulants Market: Key Market Dynamics
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Global Biostimulants Market: Regional Overview
The biostimulants market in the Europe region is projected to witness high demand due to increased emphasis of government on adopting sustainable farming substances, methods, and tools coupled with the presence of several biostimulants promoting councils. For instance, the European Biostimulant Industry Council (EBIC), is one of the promoting council, promoting farmers with better techniques of farming. Additionally, growing demand for organic food & drinks owing to its benefits has expected to drive the demand for biostimulants market. For instance, according to Eurostats, in 2018 13.4 million hectors of agricultural land is under organic farming and the total area under organic farming continues is expected to increase.
Owing to effective transformation in various technological advancements has expected to surge the demand for agriculture in the region. Significant adoption of biostimulants can be witnessed in emerging economies such as China, Australia, India, Indonesia, and Japan. Moreover, market players such as Sea6 Energy (India) are exclusively offering seaweed-based biostimulants along with technological platforms such as TARMA and SPURT.
Global Biostimulants Market: Key Players Overview
UPL is engaged in the business of agrochemicals, industrial chemicals, chemical intermediates and specialty chemicals. The Company's segments include Agro activity and Non-agro activity. The Agro activity segment includes the manufacture and marketing of conventional agrochemical products, seeds and other agricultural-related products. The Non-agro activity segment includes the manufacture and marketing of industrial chemical and other non-agricultural related products. UPL ranked 5th amongst agrochemical companies present across the globe. In 2019, the company generated USD 3.14 billion, and has market access to 90% of world’s food basket. In Feb 2019, UPL acquired Arysta LifeScience Corporation (US), with an aim to widen its global footprint in the biological market, and increase its geographical reach.
Isagro SpA is an Italy-based company engaged in the agrochemicals sector. The company was incorporated in 1993, with its presence in more than 70 countries across the globe.
The Company is involved in the research, development, production, marketing and distribution of crop protection, both organic and inorganic and Biosolutions. Isagro SpA operates through 4 manufacturing plants with direct distribution in Brazil, Colombia, Italy, Spain and United States.
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