Key Findings
The United States biostimulants market is anticipated to register a CAGR of 12.24% in terms of revenue, and 11.96% in terms of volume, during the forecast years. The adoption of natural and organic farming methods, the well-established agricultural division, and the problems linked with chemical inputs are set to fuel the country’s market growth. The base year considered for the market study is 2020, and the forecast period is from 2021 to 2025.
Market Insights
The United States, with its well-evolved agricultural sector, has considerably adopted natural and organic ways of farming. As a result, the country observes an increased consumption of biostimulants. The issues related to chemical inputs and their adverse impact on soil mass and the environment predominantly fuel the United States’ market growth. Besides, the growing awareness regarding balanced plant nutrition plays a crucial role in fueling the country’s demand for biostimulants, as well.
In the United States, fertilizers are not registered at a federal level, since every state has a fertilizer policy. Consequently, there exist numerous varying and conflicting standards for fertilizer and biostimulants’ management. However, the lack of single body registration makes it difficult for companies to register them. The regulatory issue, if addressed soon, is expected to considerably aid the country’s market growth. Moreover, the United States is also adapting to biostimulants’ use, especially in terms of seed treatments to strengthen crop vigor and productivity at an early stage. Therefore, these factors are predicted to fuel the country’s market growth over the forecast period.
Competitive Insights
Some of the key companies operating in the market are, Eastman Chemical Company, Microbial Discovery Group, Verdesian Life Sciences, Agrinos AS, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments