Yield Booster Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth And Forecast 2021 - 2026

Yield Booster Market size is forecast to reach $XX Billion by 2025, after growing at a CAGR of 9.56% during 2020-2025. Increasing population leading to need for higher agriculture output. Reduction in arable land due to increasing urbanization. Food security is a key focus area for all countries. With construction increasing on agricultural lands, the area under crop cultivation is declining. The decrease in arable land is expected to be met by increasing crop yield and production. To satisfy the food needs of the growing population, farmers are using more crop protection chemicals, to increase corresponding crop yields per hectare. These factors will positively influence the Yield Booster Market over the forecast timeframe.

Report Coverage

The Report “Yield Booster Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Yield Booster Industry. 

By Type: Powder, Liquid.

By Application: Cereals and grains, Vegetable, Fruit, Gardening, Others.

By Geography: North America, South America, Europe, APAC, Middle East and Africa.

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Key Takeaways

Farmers are using increased levels of pesticides to produce more crops and boost their incomes. This is fueling growth of the market for Yield Booster.

Growing food supply has been one of the biggest macro variables driving the demand for insecticides, due to rising worldwide population.

The importance of Yield Booster chemicals has increased significantly over the last few decades, catalyzed by the need to enhance agricultural output and ensure adequate food availability for the growing population.

The global COVID-19 pandemic resulted in a sudden halt to manufacturing operations worldwide which affected the demand for, and development of chemical products are the most significantly impacted end usage categories of the agricultural market.

Type - Segment Analysis

Liquid segment holds the largest share in Yield Booster Market in 2019. Due to the user-friendliness and simple implementation of liquid chemical is mainly used compared to powder form.

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Application - Segment Analysis

Cereals and grains sector hold the largest share in Yield Booster Market in 2019, by growing at a CAGR of 7.38% during forecast period 2020-2025. Various agencies have launched programs to educate farmers on the usage of pesticide in cereal cultivation. For instance, in Lesotho, United Nations launched ‘Strengthening the capacity of smallholder farmers, extension staff and agro-dealers on judicious use of herbicides’, to increase farmers’ knowledge on safe use of herbicides and other pesticides, and protect the health of communities and prevent damage to the environment. Further, the growth of cereal trade has also played a key role in supporting farmer’s ability to invest in active ingredients for crop protection chemicals for increasing cereal yields. In 2018, ITC reported a 6.1% y-o-y growth in cereal export value. The growing cereal exports supported by initiatives launched by government agencies to promote the usage of chemicals to improve Yield Booster.

Geography - Segment Analysis

APAC dominated the Yield Booster share with more than 42.36% in 2019, followed by North America and Europe. The effects of climate change, a growing population with increasing food demands and the farming practices like hybrid genetics, standard deviation, center pivot irrigation in APAC could be designed to simultaneously improve yields and reduce environmental damages substantially. In APAC, Incremental improvements of the current method, aimed at boosting crop growth and improving environmental quality. A yield-maximizing approach with no regard to either financial or environmental cost. The integrated soil-crop system approach aims to tailor decisions like crop selection, planting, sowing and nutrient management to each field's conditions in order both to enhance yields and to minimize environmental damage. Nitrogen fertilizer is used extensively in modern agriculture – and nowhere more than in China. Overall, Chinese farmers overuse fertilizer, with much of it ultimately polluting the air and water and contributing to hundreds of thousands of premature deaths each year. The production and transport of fertilizer also contributes significantly to agriculture's share of greenhouse gas emissions that fuel climate change.

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Drivers – Yield Booster Market

Rising demand for bio-based chemical products

Bio-pesticides are new-age crop protection products made from crops, livestock, bacteria and certain minerals. They are eco-friendly, simple to use and offer the same benefits as synthetic pesticide, even with a lesser dosage. With public assistance and increased awareness regarding the use of non-toxic, environment-friendly pesticides, the bio-pesticides industry will grow briskly. Governments in several nations have initiated projects to promote creation and use of bio-pesticides due to factors such as their low toxicity levels, as well as for the increased safety and efficiency they provide in pest control. 

Increasing regulations to ban use of harmful synthetic chemicals for crop protection

Regulatory organizations such as the World Health Organization (WHO) and the U.S. Environment Protection Agency (EPA) have implemented stringent regulations to reduce the use of pesticides, in a bid to alleviate environmental harm. These organizations also work towards increasing customer awareness of the use of synthetic pesticides.

Challenges – Yield Booster Market

Need for proper knowledge of agricultural techniques and practices

Most of the agricultural practice take place in rural areas, where even the wealthier farmers lack the knowledge required for implementing complex biological practices and also lack the government support and infrastructure necessary for such practices; most of them have no or poor agricultural education and thereby simply follow traditional methods or mimic those followed in developed countries without knowing the impact of the practices on the environment.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Yield Booster Market. In 2019, the market of Yield Booster has been consolidated by the top ten seven players accounting for XX% of the share. Major players in the Yield Booster Market are Dumax Agro Industries, Saanvi Organics, BigYield, Biostadt India Limited, Aquarius Agro Chemicals, Super Bio Tech Marketing Company, Mohit Agro Industries, Biolaxi Corporation, Swetha Agrotech, Mercatum Technology and among other.

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