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DUBLIN, IRELAND --(Marketwired - February 15, 2016) - Research and Markets has announced the addition of the "Global Biostimulants Market 2015-2019" report to their offering.
The global biostimulants market is expected to grow at a CAGR of 13.12% over the period 2015-2019.
The most widely used method for testing the effectiveness of biostimulants, the bioassay, faces a few challenges. For instance, it does not consider many of the factors that affect biostimulant efficiency such as climatic conditions, processing, and timing of extraction.
In order to deal with this problem, the global biostimulants market is moving toward the adoption of high throughput image analysis. This technology helps to examine the effect of biostimulants on the roots and areal component of plants. Hence, traditional bioassays can be associated with high throughput analysis, this collaborative approach will help in mapping the gap faced with bioassays.
According to the report, precision farming is a site-specific crop management concept that helps farmers to optimize results from inputs. The aim of precision farming is to manage, measure, and respond to field variability in crops by using data analysis.
It helps in the judicious use of biostimulants while minimizing the use of chemical fertilizers. It ensures sustainable production of crops with minimum wastage and harm to the environment. Precision farming is heavily practiced in North America and Latin America, especially in the US, Canada, and Brazil. Hence, precision farming is driving the growth of the global biostimulants market.
Further, the report states that managing the variability of the efficiency of biostimulants under different conditions is a challenge hindering the growth of the global biostimulants market.
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