South America Biostimulants Market 2022 | Present
Scenario and Growth Prospects 2029

South
America Biostimulants Market is expected to gain market growth in the
forecast period of 2022 to 2029. Data Bridge Market Research analyses that the
market is growing with the CAGR of 13.8% in the forecast period of 2022 to 2029
and expected to reach 1,447.76 million by 2029.  

Biostimulants are developed to help farmers in order to meet
increased agricultural demand on a sustainable basis. Biostimulants
boost crop yield and its value, which positively affects the farm productivity.
Agricultural biostimulant is comprised of multiple amalgamations of chemicals,
substances, and micro-organisms that are added to the plants or soils to boost
crop vigor, production, sensitivity to abiotic pressure, and quality.

This biostimulants market report provides details of market
share, new developments, and product pipeline analysis, impact of domestic and
localised market players, analyses opportunities in terms of emerging revenue
pockets, changes in market regulations, product approvals, strategic decisions,
product launches, geographic expansions, and technological innovations in the
market. To understand the analysis and the market scenario contact us for an
Analyst Brief, our team will help you create a revenue impact solution to
achieve your desired goal.

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South America Biostimulants Market Scope and Market Size

Biostimulants market is segmented on the basis of active
ingredients, crop type, application method, form, origin, end user and
distribution channel. The growth among segments helps you analyse niche pockets
of growth and strategies to approach the market and determine your core
application areas and the difference in your target markets.

• On
  the basis of active ingredients, the South America biostimulants market is
  segmented into acid based, extract based, microbial amendments, protein
  hydrolysates, B-vitamins, chitin, chitosan, and others. In 2022, Acid
  based segment is expected to dominate the market as it has important
  components, such as humic acid, fulvic acid, and it increases productivity
  and growth of the plant. Along with these, it enhances fertility of soil
  and shows less harmful effect on ecosystem. Humic acid helps plants by
  maintaining nutrient availability, gas exchange between soil and
  atmosphere and it also improves fertility of soil.

South America Biostimulants Market Country Level Analysis

South America biostimulants market is analysed and market
size information is provided by country, active ingredients, crop type,
application method, form, origin, end user and distribution channel.

The countries covered in South America biostimulants market
report are Brazil, Argentina, Colombia, Peru, Chile, Ecuador, Uruguay, Paraguay
and Rest of South America.

Brazil accounted for maximum share in the biostimulants
market due to presence of large number of local players in the region.
Argentina accounts for second largest market due to increasing growth in
farming technologies in the region. Colombia has witnessed high growth in
biostimulants due to large number of farmers in the region.

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Competitive Landscape and Biostimulants Market Share
Analysis

Some of the major players operating in the South America
biostimulants market are UPL, Lallemand Inc., Agrinos, Koppert Biological
Systems, Syngenta, SICIT Group S.p.A, Isagro S.p.A., ILSA S.p.A., OMEX, Trade
Corporation International, Bayer AG, Marrone Bio Innovations, Inc., SEIPASA,
S.A., Innovak Global, SA de CV, Stoller Group, Yara, BASF SE, Novozymes,
Atlantica Agricola, Italpollina Spa, SummitAgro,  and others.

For instance,

• In
  March 2020, SICIT Group S.p.A. and Syngenta announced collaboration to
  promote sustainable agriculture by signing of a supply contract for
  ISABION and HICURE biostimulants. The agreement also emphasized on the
  development of collagen-based biostimulants in the near future. This
  enabled the company to increase access for farmers to innovative solutions
  for sustainable farming.

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