The Report “Southeast Asia & Australasia Biostimulants Market By Type (Humic Acids, Fulvic Acids, Seaweed, Microbials, Trace Minerals, Vitamins & Amino Acids), By Application Method, By Crop Type & By Region - Trends & Forecasts To 2021” is estimated to reach $451.8 million by 2021, at a CAGR of 11.3% from 2016 to 2021.
Browse 70 market data Tables and 58 Figures spread through 187 Pages of “Southeast Asia & Australasia Biostimulants Market” for an in-depth analysis of the industry trends and segments.
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“Row crops are projected to provide a strong platform for the biostimulants market by 2021”
Row crops such as cereals, oilseeds, and pulses account for a larger share in the global cropped land and thereby, these crop segments are projected to cover a large scale of acreage for the application of biostimulants. Cereals such as rice, corn, and millets as well as oilseeds such as soybeans, sesame, and rapeseed are projected to be strong factors in supporting the market demand for biostimulants. Crop growers of plantation crops and fiber crops have recognized the potential benefits of biostimulants in these parts of the world.
“Innovative product formulations from seaweed extracts and microbials are projected to boost the biostimulants market in Southeast Asian region”
Among the key ingredients considered, seaweed extracts and microbial amendments are projected to play an important role in biostimulant formulations. Earlier, European seaweed processors were important suppliers of seaweeds, which were naturally reared from coastlines at high value. Now, with the high growth of seaweed cultivation in the aquaculture farms of Southeast Asian nations such as Philippines, Thailand, and Indonesia, the concerns over raw material availability for seaweed extracts in manufacturing biostimulant formulations have been slowly diminishing and thereby, supporting the development of business units in these markets.
“Vietnam is projected to be the fastest-growing country in the Southeast Asian biostimulants market”
The growth in the Southeast Asian countries is supported by the increasing demand to step up the productivity of intensely cultivated food crops such as rice, cassava, soybeans, and corn. Vietnam is projected to be the fastest-growing market followed by Malaysia in Southeast Asia due to the increasing requirement of biostimulants for plantation crops such as coffee, bananas, and cotton. Government subsidies and awareness programs are also observed to support the establishment of these products for different crop types.
This report includes a study of marketing and development strategies, along with the product portfolio of key biostimulant manufacturers. It includes the profiles of leading companies such as Sapec Group (Belgium), Platform Specialty Products Company (U.S.), Valagro SpA (Italy), Biostadt India Limited (India), Leili Group (China), and Brandt Consolidated, Inc. (U.S.). Other players include Novozymes A/S (Denmark), Biolchim SpA (Italy), Isagro SpA (Italy), and Omnia Holdings Limited (South Africa).
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