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.
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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