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 the smallest share in the global Biostimulants industry market. Major driving factor for biostimulants market in the region is the need to increase per hectare crop yield to meet the food demand of rising population. Furthermore, water and land scarcity in the region also augments the demand of biostimulants. Moreover, adverse climatic conditions of also negatively impact the 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.
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