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The West Africa biostimulants market is expected to exhibit robust growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Biostimulants comprise plant hormones, trace elements, microorganisms, enzymes, and seaweed extracts. They enhance crop productivity by minimizing the need for fertilizers. They also promote sustainable development and maintain the ecological balance of nature. As they increase the antioxidant activity and stimulate root development among plants, their utilization is increasing in the West African region.
The primary factor driving the market of biostimulants is the increasing significance of organic farming, along with the flourishing agriculture industry, in the West African region. Moreover, rising concerns about agricultural sustainability, soil health and environmental safety, and the growing consumer awareness about the adverse impact of chemically synthesized pesticides and fertilizers among individuals are strengthening the market growth in the region. Apart from this, the surging demand for food due to the rapidly increasing population, coupled with the limited availability of cultivable land, is positively influencing the market. Furthermore, biostimulants offer high yields, increase abiotic stress tolerance, improve plant development, and generate good quality products, which is impelling the market growth in the region. Besides this, numerous manufacturers are focusing on investing in efficient and high-quality products to drive overall sales. However, the sudden outbreak of coronavirus disease (COVID-19) pandemic and lockdown restrictions imposed by government authorities in different parts of the region has disrupted the supply chain, thereby adversely impacting the market growth. The market will witness growth once lockdown relaxations are introduced.
IMARC Group provides an analysis of the key trends in each sub-segment of the West Africa biostimulants market, along with forecasts at the regional and country level from 2021-2026. Our report has categorized the market based on product type, crop type, form, origin, distribution channel, application and end-user.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2020|
|Segment Coverage||Product Type, Crop Type, Form, Origin, Distribution Channel, Application, End-user, Country|
|Countries Covered||Nigeria, Cote d’Ivoire, Ghana, Burkina Faso, Republic of Benin, Senegal, Others|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option|
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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