Latin American Biostimulants Market is Dominated by Brazil

Date: 2015-08-13

“The Latin America Biostimulants market is estimated to grow at a CAGR of 17.5% from 2014 to 2019. The biostimulants market in Latin America is projected to grow at the fastest CAGR during the given forecast period, as compared to the other major regions. The increasing demand for organic products; the environmental hazards caused due to agrochemicals; and the rising need to increase the agriculture production to meet the requirements of the ever-growing population are among the key factors driving the biostimulants market in this region.

In this report, the Latin American biostimulants market has been broadly segmented and analyzed on the basis of end-user, mode of application, active ingredients, and geography. The turf and ornamentals segment is estimated to grow at the fastest CAGR from 2014 to 2019, among all the end-user segments.  Further, an in-depth analysis of the biostimulants market, by active ingredients such as acids and extracts, has been provided in the report. 

The Latin American biostimulants market is dominated by Brazil, followed by Argentina. In Brazil, the adoption of sustainable farming practices and organic ingredients, to improve the quality of the produce, has driven the market in this country and resulted in a high market value. The market in Brazil constituted 42.0% of the Latin American market in 2014.

The Latin American biostimulants market is a competitive market; some of the major players in this market include Taminco Corp. (Belgium), Isagro S.p.A (Italy), Valagro S.p.A (Italy), Koppert B.V. (Netherlands), and Italpollina S.p.A (Italy), among others, who are adopting different strategies to expand their market shares in the Latin American region. To gain a large market share and to sustain their positions in the market, these companies are adopting innovative product developments, partnerships, mergers & acquisitions, and expansion of existing facilities. 

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