Growing Brazilian Market for Biocontrol and Biostimulants@weight>
Brazilian Market for Biocontrol and Biostimulants Crop 2021/2022 report prospectus
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The market of Biostmulants and Biocontrol products has been growing double digits rates over the past five year according IHS Markit data. The Brazilian Biologicals Market increased 35%, with Biostmulants and Biocontrol segments overcome US$ 825 million in 2020. This growth is attributed to the search for sustainable agriculture. Farmers have been searching alternatives to control pest and diseases for reduce resistance and products which help crops manage the climate stress and improve crop performance and better productivity.
In 2020 the Biocontrol Brazilian market value was around US$ 280 million and 70% of this revenue coming from soybean, sugarcane, cotton and coffee crops. New product developing technologies has boosted the demand of biocontrol products by the farmers.
The Biostmulant Brazilian market value was around US$ 545 million in 2020. The soybean crop represents 40% of this market in volume. The climate changes have been one of the most important factors for this growth, because biostmulants products helps minimize productivity losses.
The trend of both markets is growth, the Biological Study conducted by IHS Markit for harvest 2021-22 will shows the farmer consumption behavior and estimate growths rate for these markets on the next few years.
The Study will bring results from research carried out a sample of 1.780 biocontrol farmers users and 1.520 biostmulant farmers users on soybean, corn, sugarcane, coffee, cotton, beans and tomato crops.
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