APAC Biostimulants Market, Forecast to 2025
Healthy Food Demand from India and China and Increasing Purchasing Power Among Indian Farmers are Growth-impelling Factors
24-Mar-2020
Asia Pacific
Market Research
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Crop quality and quantity are influenced by biotic and abiotic factors. Abiotic factors include soil composition, salinity, acidity, temperature, drought, pollution, humidity, rain, wind, and ultraviolet radiation. Stress caused by unfavorable conditions significantly reduces harvest yields, as plants respond to such conditions by using their energy reserves to fight stress instead of concentrating on yield. With synthetic fertilizers having a negative influence on plants and water bodies, biostimulants play a vital role in combating abiotic stress, thereby allowing plants to achieve maximum productivity.
This research service explores the growth opportunities in the APAC biostimulants market, with an emphasis on key growth factors across regional markets, prevalent trends and technologies, product innovations, and competitive landscape.
Healthy food demand from India and China and increasing purchasing power among Indian farmers are impelling factors. Biostimulants are not considered the same across all countries in the APAC region. Key factors that differentiate are mode of action, use methods, and ingredients. Biostimulants are a relatively new concept and they are categorized based on claims and the same is the case in other Southeast Asian countries. Biostimulants are treated as plant growth regulators (PGR) in countries such as Japan and South Korea.
Key questions this study will answer include:
• What is the future of the biostimulants market, and what are the key challenges that are likely to impact it?
• How do macroeconomic factors determine the necessity for product innovations, and how do they impact the final consumer?
• What are the most important product innovations across the product types of biostimulants that will record the highest growth, and how are these likely to evolve?
• What are the primary consumer factors that will contribute to the overall growth and growth mix in the biostimulants market across crop types?
Frost & Sullivan uses the EMUP™ model for both deriving modeled market sizes and forecasting growth. The EMUP™ model is based on a fundamental economic theory for calculating the size of market revenue and growth projections of sales, in terms of value and volume. EMUP is made up of the following variables:
• End Market Base and Growth (E): End market base is a proxy for the number of potential buyers of a given product or service.
• Market Penetration and Growth (M): Market penetration is the share/proportion of potential buyers (E) who chose to adopt and use the given product or service.
• Utilization and Change in Utilization (U): Utilization is merely the per capita consumption level of the given goods or services.
• Price and Change in Price (P): Price-related growth factors such as product value trends and inflationary price factors directly impact the expected price, and consequently, price growth.
Analyst: Arun Ramesh
APAC Biostimulants Market Forecast to 2025
- APAC Biostimulants Market Forecast to 2025
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Deliverable Type | Market Research |
---|---|
No Index | No |
Podcast | No |
Author | Arun Ramesh |
Industries | Agriculture and Nutrition |
WIP Number | 4L82-01-00-00-00 |
Is Prebook | No |
GPS Codes | 9100-A2,9104-A2,9938-A2,9986-A2,9595 |