Germany Biostimulants Market : Market Research By Knowledge Sourcing Intelligence

INTRODUCTION
The Germany biostimulants market is anticipated to grow at a CAGR of 9.69% during the forecast period to reach a market size of US$182.143 million by 2023, increasing from US$104.573 million in 2017. Shifting focus of the famers towards the organic farming is in turn boosting the demand for biostimulants to improve nutrient-use efficiency, enhance plants’ tolerability towards abiotic stresses and helping to improve the quality attributes such as nutritional content, appearance, and shelf-life in organic farming.
Rising adoption of the organic farming is, thus, the major driver for the biostimulants market in the country. Biostimulants enhance a plant’s ability to absorb nutrients and aid in their proper development throughout their lifecycle starting from seed germination to plant maturity. The adverse impact of synthetic agrochemicals on the quality of soil which is encouraging farmers to replace synthetic chemicals with biostimulants is another factor driving the Germany biostimulants market. Market Researchis done by knowledge sourcing industry due to huge scope with respective industry.

Germany biostimulants market


SAMPLE VIEW OF GERMANY BIOSTIMULANTS MARKET FORECAST, US$ MILLION, FROM 2017 TO 2023 
Germany Biostimulants Market by Crop Type

By crop type, the Germany biostimulants market is segmented as fruits, vegetables, turfs, ornamentals, and row crops. Row crops and fruits held a significant market share in 2017. They include potato, sunflower, corn, soybeans, cotton, and barley. These crops are grown widely across the country in large areas and offer lucrative growth opportunities for the industry in the coming years. Agricultural biostimulants are biologically derived fertilizer additives that are used in crop production to enhance plant growth, health, and productivity. Rising demand for organic products and increasing acceptance of sustainable farming to meet soaring food demand is expected to create massive growth opportunities for the market in the coming years.
Germany biostimulants market

GERMANY BIOSTIMULANTS MARKET SHARE, CROP TYPE, 2017 
The rising shift towards the organic farming to achieve a closed nutrient cycle on the farm, preserve and enhance soil fertility without using synthetically produced chemicals is driving the market for biostimulants in the region. Organic farming has established itself alongside conventional agriculture as an important pillar of the German agriculture and food industry. At the end of 2016, there were 27,132 organic-production holdings in Germany farming accounting for 9.9 % of all holdings, rising from 8.7% in 2015. Biostimulants are being increasingly adopted by as they provide essential elements to the crops that make them more resistant along with being an effective tool against abiotic stress, protecting and improving the health of the soil.
Also rising health concerns and rising awareness among the farmers regarding the environmental challenges as a result of the use of chemical pesticides and fertilizers is further shifting the focus of the farmers towards organic agriculture, which in turn is boosting the demand for biostimulants. Also, the German government’s focus on increasing the organic farming land to 20% in Germany will bolster the growth of the market during the given forecast period. Thus, rising use of biostimulants to improve nutrient-use efficiency, enhance plant tolerability towards abiotic stresses, and helping to improve quality attributes like nutritional content, appearance, and shelf-life in organic farming will augment the growth of the Germany biostimulants market over the forecast period.

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