The Global Biostimulants in Turf & Ornamentals Market is estimated to grow from $330.9 million in 2014 to $652.7 million by 2019, at a CAGR of 14.5% during the forecast period of 2014 to 2019.
Browse through the TOC of Global Biostimulants in Turf & Ornamentals Market for an analysis of industry trends and segments, with the help of various tables and figures.
Biostimulants are widely applied in turf & ornamentals, mainly for the enhancement of root growth. These also help turf & ornamentals in processes such as absorption of water, nutrient uptake, and increasing length of roots. Turf, ornamentals, and flowers appear healthy and strong as a result of the use of biostimulants. Therefore, the usage has increased globally in recent years.
The most dominating region in the biostimulants markets for turf & ornamentals is Europe, having accounted for a 44.6% share in 2014, and is estimated to grow at a CAGR of 14.1% during the forecast period of 2014 to 2019. Spain, Italy, France, Germany, the U.K., and Poland, are among the major contributors to the dominance of the European segment in the global biostimulants in turf & ornamentals market. The global biostimulants market for turf & ornamentals is projected to grow at a CAGR of 14.5% during the given forecast period. The fastest-growing market for biostimulants in turf & ornamentals is expected to be Latin America, projected to grow at a CAGR of 15.6% from 2014 to 2019. The high growth rate of the Latin American segment is the increasing demand from the fast-emerging economies of Brazil and Argentina.
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North America, Latin America, Europe, and Asia-Pacific are the primary regions considered for the market analysis. In addition, the report has analyzed the global market in terms of end-use applications, such as foliar, soil, and seeds. Agrinos AS (Norway) and BASF SE (Germany) are among the key players in the global agricultural biostimulants in turfs & ornamentals market, gradually improving their expanse across the globe through strategies of acquisitions and partnerships.
Europe Bio Stimulants
The bio stimulants market in Europe is the largest market comprising 41.7% of the global market, and was valued at $0.53 billion in 2013. This market is estimated to grow at a CAGR of 12.2% annually, to reach $0.94 billion by 2018. The bio stimulants market in Europe can be segmented by companies, end-users, applications, and macroindicators.
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