Middle East And Africa Biostimulants Market Size, Share, Opportunities, And Trends By Active Ingredients (Acidic Biostimulants, Extract Biostimulants), By Crop Type (Fruits, Vegetables, Turfs, Ornamentals, Row Crops), By Application (Foliar, Soil, Seed), And By Country - Forecasts From 2019 To 2024

Middle East and Africa Biostimulants market is projected to grow at a CAGR of 10.71% over the forecast period to reach US$134.995 million in 2022. This region accounts for the smallest share in the global Biostimulants industry market. The major driving factor for the biostimulants market in the region is the need to increase per hectare crop yield to meet the food demand of the rising population. Furthermore, water and land scarcity in the region also augments the demand for biostimulants. Moreover, adverse climatic conditions of also negatively impact crop productivity and thereby subsequent usage of these solutions. Extensive production of more valued cash crops due to large-scale irrigation and mechanization in the region further urges the higher adoption of biostimulants in the region.

Market Dynamics

This section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of Biostimulants. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.

Segmentation

Middle East and Africa Biostimulants market has been segmented on the basis of active ingredients, crop type, application, and geography as follows:

By Active Ingredients

Acidic Biostimulants

Extract Biostimulants

By Crop Type

Fruits

Vegetables

Turfs

Ornamentals

Row Crops

By Application

Foliar

Soil

Seed

By Country

Egypt

Saudi Arabia

Israel

Others

Market Players

Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Isagro S.p.A, Taminco Corp., Valagro S.p.A, Italopolina S.p.A, Biostadt India Limited, and Koppert BV among others.