South-East Asia & ANZ Biostimulants Market
By Ingredient Type, By Crop Type,By Mode of Application and By Region
Report Insights Covered
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.
Fastest Growing Region
Largest Market Share
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A plant biostimulant is a substance applied to plants to enhance nutrition regardless of its nutrient content. These include various formulations of micro-nutrients to improve both plant and soil qualities.
The increasing need for more food in developing nations across South-East Asia is encouraging chemical fertilizers, which give a high yield in a short period.
Ease of access to raw materials and moderate initial capital requirements encourage companies to enter the biostimulant industry.
Expansion of the organic food industry and higher benefits associated with enhanced agricultural yield and productivity increase its compound annual growth rate (CAGR).
This, in turn, is attracting new companies to enter the industry. Moderate product differentiation will reduce the overall research and development costs involved, which will help the new entrants to the industry.
The growing demand for bio-stimulant products is mainly due to their exceptional performance and considerable investments. Companies invest their part of the sales revenue in developing new products, including new formulations, new active ingredient mixtures, and innovative delivery systems.
Companies such as Valagro, AXEB, Novozymes, and many more are continuously investing in R&D.
However, the lack of proper regulatory structure for bio-stimulants in many countries, low awareness among farmers, and substitutes hinder South-East Asia and ANZ biostimulants' growth during the forecast period.
Humic and fulvic acids account for a major share in the South-East Asia and ANZ bio-stimulants market, followed by seaweed extracts, microbes, and other ingredients.
Other ingredients such as B vitamins, inorganic salts, proteins, protein hydrolysates, nitrogenous compounds, phosphates, and beneficial elements such as Si, Na, Co, etc., are also used.
Bio-stimulants are applied to plants or crops through foliar, soil, or seeds to enhance plant metabolism's natural processes. Foliar application is the most popular and efficient way to treat plants due to its easy application and quick results.
Bio-stimulants for soil treatment are less popular, as they undergo a slow process for generating results. Bio-stimulants show improved nutrient uptakes such as Nitrogen, Phosphorus and other, plant functions such as improved photosynthesis, hormone effects, and anti-transpirant effects.
Bio-stimulants are increasingly using cereal crops such as rice, maize, wheat, barley, etc., as they are alternatives to conventional chemical fertilizers and pesticides.
Rising pressure on the agriculture sector to contribute to sustainable practices against climate change drives the demand for bio-stimulant products in South-East Asia and ANZ during the forecast period.
Consumers across the developing and developed countries in South-East Asia & ANZ are increasingly demanding food products produced with fewer chemicals with more natural compounds.
Unlike fertilizers, bio-stimulants are often applied in smaller quantities (just a few kilos or liters per hectare), which leads to farming with fewer chemicals.
Currently, these biostimulants are extensively applied for various agricultural products, including Cereals & grains, fruits & vegetables, oilseeds, and many others.
Bio-stimulants are also used as complementary for fertilizers to enhance the intake of nutrients and minerals.
Thus the increasing demand from consumers has led the farmers to opt for greener options such as bio-stimulants.
Properties such as increased yield, tolerance to abiotic stress, assimilating nutrients and enhanced crop quality and soil health drive bio-stimulants demand.
The amino acids segment in south-east Asia & ANZ value is estimated to reach USD XX Million by 2026 from the initial value of USD XX Million in 2018. The market is growing at a CAGR of XX% during the forecast period (2019-2026).
Amino acids based on peptides or protein hydrolysates are derived from chemical or enzymatic hydrolysis of animal, plant, or microbial protein.
Amino acids / hydrolyzed proteins are planted bio-stimulants that help in crop yield.
Amino acid protein sources may also derive from recycled waste materials such as agricultural crop residues or animal processing such as collagen, epithelial tissue, crustacean shells, and others.
Recycling waste substances also promotes environmental benefits for protein-based bio-stimulants. These also offer improved soil fertility, better health and vigor, better crop yields and quality, and improved stress tolerance.
Trade Corporation International has a range of bio-stimulant products using 100% vegetal amino acids, namely, Aton Range, Phylgreen Range, Boramin Ca, Ruter AA, and Delfan Range. Its products also include bio-stimulants based on GLT (Gentle & Low Temperature) extract of seaweed and/or L-α free amino acids enhanced with essential nutrients.
Fertenia’s STIMOLO MO is designed for FRESH-CUT crops that tend to accumulate nitrates. It is rich in amino acids with low molecular weight to which MOLYBDENUM and ZINC are added.
Humbert's AMINOFUL is a combination of fulvic and amino acid liquids, with a minimum of 5% fulvic acid. It is a soil conditioner that stimulates protein and cytokinin production in the roots, helping plant growth.
The Australia Biostimulants market was valued at USD XX million in 2018, which is around XX% of total center pivot irrigation systems market value and is expected to grow at a CAGR of XX% during the forecast period to reach a market value of USD XX million by 2026.
Australian farmers are at risk of missing out on a global boom in “crop probiotics” because lax regulations make it less likely the supplements they buy to boost their crops will work.
There is a lot of confusion in Australia about the word Biostimulant. The industry regulations in Australia are currently inadequate to ensure appropriate consumer protection.
To create and empower a suitable regulatory authority, there is not much done in Australia.
Currently, the Australian regulatory environment for biostimulants products is evolving to ensure that products are more rigorously tested in the Australian market and truly offer the benefits they claim.
Consequently, without a framework responsible for regulating scientific trials and testing, identifying and assessing risks, and the enforcement of responsible marketing, Australian primary producers and consumers, are at risk.
While crop probiotics offer an ecologically friendly option for farmers looking to improve and protect their harvests, the Australian market is far from reliable.
Australia contrasts with the European Union, which demands multi-step scientific testing of products.
What is the Projected CAGR value of the South-East Asia & ANZ Biostimulants Market?
South-East Asia & ANZ Biostimulants Market is expected to grow at a CAGR of 14% during the forecasting period 2022-2029.
Which region controlled the global market during 2022-2029?
North America region Controls theSouth-East Asia & ANZ Biostimulants Market during 2022-2029.
Which is the fastest growing region in theSouth-East Asia & ANZ Biostimulants Market?
Among all regions, Asia Pacific is the fastest growing market share during the forecast period.
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