Yield boosters are chemical compound that enhances product quality and marketability. It is designed & manufactured with the help of knowledge from Ayurveda and with base of plant extracts. It is very effective for the growth of healthy crops for better produce & increased yield. It is compatible with insecticide, chemical fertilizer and fungicide & herbicide. Some ingredients of yield booster including Nishottar (Turpeth root), Plant Alkaides and Sea Weed Extract. The key benefit is included increases root respiration and stimulates evolution of desirable microorganism in soil and helps in resisting drought.
According to study, “Global Yield Booster Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global yield booster market are Dumax Agro Industries, Biostadt India Limited, Saanvi Organics, Super Bio Tech Marketing Company, BigYield, Biolaxi Corporation, Aquarius Agro Chemicals, Swetha Agrotech, Mohit Agro Industries, Mercatum Technology, Yara International, Nutrien Limited, K+S AG, The Mosaic Company, Groupe OCP, CF Industries, Sociedad Química Minera (SQM), Israel Chemicals Ltd., Saudi Basic Industries Corporation (SABIC), Haifa Group, Indian Farmers Fertiliser Co-operative Limited (IFFCO), Uralkali PJSC, Henan XinlianXin Chemicals Group Company Limited, Hubei Xinyangfeng Fertilizer Co. Ltd., Laizhou Guangcheng Chemical Co. Ltd. The key players are investing in research & development (R&D) activities to develop advanced products to provide the requirements of the market.
Based on type, yield booster market is segmented into liquid yield booster and powder yield booster. Liquid yield booster segment includes phosphorous, nitrogen, micronutrients and potash. Based on production process, market is segmented into synthetic process and organic process. Based on application, market is segmented into vegetable, gardening, crop, fruit and others. Crop segment is further sub-segmented into oilseeds & pulses, fruits & vegetables, cereals & grains, and others (cash & plantation crops). Oilseeds & pulses include soybean, cotton seed, sunflower and others. Cereals & grains segment include rice, wheat, corn and others. The oilseeds & pulses segment is expected to exhibit substantial growth rate owing to increase in demand in the production of edible oil during the forecast period. The cereal & grains segment dominates the market due to rise in demand from food and animal feed industries. In addition, based on mode of application, market is segmented into foliar, soil, fertigation and others (aerial and starter soluions).
The yield booster market is driven by increase in need for agricultural output, followed by rise in adoption of precision farming, growth in population, rise in consumer shift toward organic foods, increase in awareness about soil profile & nutritional balance and rise in demand for food. However, lack of awareness regarding benefits of these products and high production cost may impact the market. Moreover, rise in investment in agricultural activities in developing countries is a key opportunity for market.
Based on geography, the Asian-pacific region holds major share in yield booster market owing to growth in advancements in farming methods and presence of huge agricultural lands in the region. Whereas, the North-American and European regions are estimated to witness considerable growth rate due to huge variety of crops grown across different countries over the forecast period.
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Ankur Gupta, Head Marketing & Communications
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