Biostimulants Market in Turf and Ornamentals is Expected to Reach $ 3.8 Billion by 2018 – New Report by MicroMarket Monitor
The growing demand for agricultural products, with increasing population and decreasing land availability, is driving the global demand for bio-stimulants for turf & ornamentals and fruits & vegetables. http://www.micromarketmonitor.com/reports/bio-stimulants-in-turf-and-ornamentals-8084979273.html
(PRWEB) July 11, 2014
Biostimulants are widely applied in turf and ornamentals. They enhance root growth in turf and ornamentals. These also help turf and ornamentals in absorption of water, nutrient uptake, and improve length of roots. Turf, ornamentals, and flowers appear healthy and strong as a result of using biostimulants. Therefore, this usage has increased from the last few years. The most dominating region in biostimulants markets for turf and ornamentals is Europe, with around 40% share in 2013, and is estimated to grow at a CAGR of 13.8% by 2018. The global biostimulants market for turf and ornamentals is also expected to grow at a CAGR of 13.8%, during 2013-2018.The fastest growing market for use of biostimulants in turf and ornamentals is Latin America, projected to grow at a CAGR of 14.7%, during the forecast period.
Browse through the market data tables, figures and detailed ToC on the “Global Biostimulants Market for Turf and Ornamentals”
Biostimulants Market for Fruits and Vegetables
Biostimulants were initially used in high value fruits& vegetables.Here, fruits such as grapes, citrus, stone fruit, apples & pears, and vegetablessuch as tomatoes, broccoli, cabbage, carrots, cauliflower, cucumber, eggplant & garlic, are the high value fruits and vegetables. The use of biostimulants in fruits has marked its development, high crop yield, and better quality with respect to size, color, and sugar content, prevents fruit drop and helps in ripening. The use of biostimulants in vegetable has increased from the last few years. Applications of biostimulants in vegetable resulted in high yield, increase in fruit size, early growth, better shelf life, and less infestation of diseases and pest. Biostimulants also improves the antioxidant activity in many vegetables. The Europeanmarket leads the biostimulants market in fruits& vegetables applications, with around 36.0% shareas of 2013, followed by Asia-pacific with a share of over 28.0%, in the same year. The global biostimulants market for fruits & vegetables is projected to grow at a CAGR of 13.3%, during 2013 to 2018. The fastest growing market for the use of biostimulants in fruits and vegetables is Latin America, expected to grow at a CAGR of 14.5%, during the forecast period.
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