Middle East & Africa Bio-Stimulants Market By Crop (Row Crops, Fruits & Vegetables, Turfs & Ornamental and Other Crop Types), Application (Foliar, Soil and Seed), Active Ingredients (Acid Based, Extract Based) & Region - Forecast 2022 - 2030
The Middle East and Africa Bio-Stimulants Market is anticipated to record an impressive CAGR of 7.8% during the forecast period, 2020-2030. The requirement for organic products and techniques is increasing in the MEA as nations in the region focus on enhancing agricultural yield. Consumers nowadays are gradually aware about several negative effects of utilizing chemically synthesized fertilizers and pesticides. This has been ensued in growing sales of organic stimulants.
The demand for organic products and methods is rising in the Middle East and Africa (MEA) as countries within the region focus on improving agricultural yield. This is in turn is driving the Middle East and Africa bio-stimulants market, finds Future Market Insights (FMI) in a new study. Customers nowadays are increasingly aware about various negative effects of using chemically synthesized pesticides and fertilizers. This has been resulting in surging sales of organic stimulants.
“The Bio-stimulants market will record surging demand for bio-stimulants mainly due to the promising initiatives implemented by governments. These campaigns are frequently aimed at boosting the implementation of bio-stimulants to counter the influence of diminishing arable land, growing population, and scarcity of water in the region.” says an FMI analyst.
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Key Highlights
Drivers
Restraints
Impact of COVID-19 on the Market
The COVID-19 outbreak triggered disruptions in various industries including the MEA bio-stimulants market. Lockdown implementation in several nations triggered a slowdown in manufacturing. With growing awareness in relation to safety and health, individuals are now inclined towards the usage of organic products. This boosted demand for sustainable and ecofriendly agricultural products, and assist in gaining the pre-crisis sales in the bio-stimulants market.
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Competitive Landscape
Market players are engaged in emerging bio-stimulants with enhanced safety and efficiency to boost their application. Players are further collaborating with several companies to generate better forms of biostimulants.
Prominent players in the MEA market are Platform Specialty Product Corp., Bayer CropScience, Biostadt India Ltd, Sapec Group, Koppert Biological Systems, Valagro S.p.A., Lallemand, Syngenta AG, Marrone Bio Innovations, Novozymes A/S, AlgaEnergy, Biochimica, Italpollina, BASF SE, UPL and Isagro.
Bio-Stimulants Market by Category
By Crop Type, the Bio-Stimulants Market is segmented as:
By Active Ingredients, the market of Bio-Stimulants is segmented as:
By Application, the Bio-Stimulants Market is segmented as:
By Region, the market of Bio-Stimulants is segmented as:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Middle East and Africa Bio-Stimulants Market , Middle East and Africa Bio-Stimulants , Bio-Stimulants Market
Aug 25, 2022