Global Extract-based Biostimulant COVID-19 Impact Analysis
The sectors which have experienced COVID-19 impact on the agricultural level are agriculture, food supplies, and animal production sectors. Till April 2020, there was no medicine or vaccine available which has consequently resulted in lockdown and reduction in the production following social distancing measures. Under the agriculture sector, biostimulant which helps in the growth of the plants and is one of the booming products in the market which helps in increasing the crop and food productivity has experienced impact due to the current COVID-19 pandemic.
The biostimulant includes all components such as seaweeds, amino acids, and protein hydrolysates, among others. These components are prepared by using certain sources that do not contain chemicals. Due to which the food products which are produced in the agricultural field do not cause health issues after consumption. Due to these major benefits and changes in people’s lifestyle and an increase in health consciousness, it is becoming important in the fertilizer sector. This is found to be an alternative to chemical fertilizers and also farmers are now more inclined towards safe and harmless products. But recently, due to COVID-19 pandemic, supply and demand chain got hit badly and this has led into a reduction in demand for the particular products in the market.
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Leading players of the global Biostimulant market are analyzed taking into account their market share, recent developments, new product launches, partnerships, mergers or acquisitions, and markets served. We also provide an exhaustive analysis of their product portfolios to explore the products and applications they concentrate on when operating in the global Biostimulant market. Furthermore, the report offers two separate market forecasts – one for the production side and another for the consumption side of the global Biostimulant market. It also provides useful recommendations for new as well as established players of the global Biostimulant market.
Biostimulants manufacturers: perspective & initiatives
The outbreak of COVID-19 has brought world to a halt where each and every industry has got an impact of it. This crisis has brought to an unexpected situation through which everyone is going through. With such unscrupulous situation, everyone is trying to get over of it. In all, the product industry has fallen badly due to COVID-19 in start of 2020. But rising support from several companies as well as governments are helping the industry to rebuild the position again in market.
Various companies and brands have shown a significant growth in their first quarter revenue considering the COVID-19 as challenging and have stated that the second quarter of the company will be quite challenging in terms of organic growth of revenue and the factor influencing such as currency exchange rate uncertainty, shortage of raw material and their supply chain
The report on the Agricultural Biostimulants Market provides a bird’s eye view of the current proceeding within the Agricultural Biostimulants Market. Further, the report also takes into account the impact of the novel COVID-19 pandemic on the Agricultural Biostimulants Market and offers a clear assessment of the projected market fluctuations during the forecast period. The different factors that are likely to impact the overall dynamics of the Agricultural Biostimulants Market over the forecast period (2020-2026) including the current trends, growth opportunities, restraining factors, and more are discussed in detail in the market study.
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· To gain insightful analyses of the market and have a comprehensive understanding of the Global Biostimulant Market Industry Analysis and Forecast 2019-2025 and its commercial landscape
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· To understand the future outlook and prospects for Biostimulant Market industry analysis and forecast 2019–2025.
· Biostimulants Market Country Level Analysis
· Biostimulants market is segmented into seven notable segments which are based on active ingredients, crop type, application method, form, origin, end user and distribution channel.
The countries covered in biostimulant market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific in the Asia-Pacific, Saudi Arabia, U.A.E, Egypt, Israel, South Africa, Rest of Middle East and Africa as a part of Middle East and Africa, Brazil, Argentina and Rest of South America as part of South America.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Regional Analysis For Biostimulant Market
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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·GLOBAL BIOSTIMULANTS MARKET IS EXPECTED TO GROW AT 12.5% CAGR IN THE FORECAST PERIOD OF 2020 TO 2027