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The Middle East and Africa Biostimulants Market was worth $0.07 billion in 2016 and estimated to be growing at a CAGR of 9.27%, to reach $0.12 billion by 2021. With scarcity of land and water, amplified importance is being put on the support of advanced tools that can help improve crop harvest. Biostimulant is an organic substance that considerably impacts plant health. It is used in small amounts in order to encourage plant growth, thereby enhancing crop return and quality. Plant hormones, microorganisms, trace elements, and enzymes are combined in specific amounts to make biostimulants. Hence, biostimulants cannot be characterized as fertilizers that are used to provide nutrients to plants with nutritional deficiencies. They increase nutrient availability, metabolism, and boost the production of chlorophyll and antioxidants. The growth of the Middle East and Africa Biostimulants market is majorly driven by factors such as rising population, easy availability, and ecofriendly nature of biostimulants. Another key factor driving the market is climate change. Regular deviations in climate due to global warming have resulted in instability in yields of several food and cash crops. This has led to a growing predilection towards the utilization of biostimulants by farmers. However, issues such as lack of awareness among the farmers and high RD costs involved in this field are hindering the growth of the market in this region. The Middle East and Africa Biostimulants market is segmented based on Active Ingredients, Application, and Crop Type. The market for Biostimulants, on the basis of Active Ingredients, is classified into Fulvic Acid, Protein Hydrolysates, Seaweed Extracts, Amino Acid, Humic Acid, and Others. In this segment, humic acids and fulvic acids lead the market for Biostimulants, accounting for more than 30% of the market. On the basis of Application, the Biostimulants market is segmented into Seed, Foliar, and Soil. The foliar technique of application is the most favoured for biostimulant supply, as it delivers ingredients in a much more direct manner when compared to the others. On the basis of Crop Type, the Biostimulants market is segmented into Fruits Vegetables, Cereals Oilseeds, Turfs Ornaments, and Others. Cereals Oilseeds lead the market on the basis of Crop Type and this trend is expected to remain the same during the forecast period. The market has been geographically segmented into Middle East and Africa. South Africa is projected to offer huge prospects for the growth of the biostimulants market due to a rising preference towards the usage of biobased agricultural stimulants in this region. Important strategies such as product expansions and investments have been implemented by the key players in the biostimulants industry. These companies are improving their capabilities by diversifying their commercial operations across the highgrowth markets with efficient distribution systems. The major companies dominating the Biostimulants market in this region are BASF SE, Biostadt India Limited, Valagro SpA, Novozymes A/S, Biolchim SpA, Isagro SpA, and Koppert B.V.
Original Article: Middle east and Africa Biostimulants Market by Active Ingredients Fulvic Acid, Protein Hydrolysates, Seaweed Extracts, Amino Acid, Humic Acid, and Others, by Application Seed, Foliar, Soil, by Crop Type Fruits Vegetables, Cereals Oilseeds, Turfs OrnameNEXT ARTICLE
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