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Agricultural Biostimulants in Turf & Ornamentals Market by Active Ingredients (Acid-based, Extract-based, and Other Biostimulants) by Application (Foliar, Seed, and Soil) - Global Forecasts to 2019


In 2014, the Global Agricultural Biostimulants in Turf & Ornamentals market was dominated by a very large number of small players. Agrinos AG (Norway) is one of the fastest-emerging players in the market. BASF SE (Germany) is, however, leading the global market with a share of 7.00% as of 2014. BASF’s crop protection division, under the agriculture solution segment, is engaged in research, development, production, and selling of crop protection products for the improvement of crop health and yield. The company provides agricultural biological products such as biostimulants and biopesticides products through its crop protection division. The company’s subsidiary, Becker Underwood, has a diversified portfolio of biopesticides and biostimulants products, which offers the company a strategic leverage in the global market.

These companies are devising various strategies to acquire significant positions in the global biostimulants for turfs & ornamentals market, including agreements, partnerships, and collaborations. For instance, Agrinos AS (Norway); along with its wholly-owned North American subsidiary, Agrinos Inc.; Windcrofte Holdings, LLC (U.S.); and its partner, Ameropa North America (U.S.); have entered into a multi-year research agreement for the development of next-generation yield enhancement technologies based on the Agrinos and Windcrofte Holdings product development platforms.

Besides Agrinos AG (Norway) and BASF SE (Germany), Agrium Inc. (Canada) is another major player in the global biostimulants market. The company entered into an agreement with Koch Agronomic Services, LLC (U.S.), which is an affiliate of Koch Fertilizer, LLC (U.S.) to sell its turf and ornamental business for approximately $85 million, including working capital.

Furthermore, the major players are investing heavily in the global biostimulants market. The companies such as Taminco (U.S.) have focused on expanding their business through expansion across the globe, so that they can enhance their presence in the growing biostimulants for turfs & ornamentals market.

 

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