Biostimulant Market Overview Presented by Jon Leman Italpollina USA, Inc.
Presentation Outline • The “BIG” Challenge • Current Market • Terms and Definitions • Key Factors for Growth • The “little” challenge • Summary
Today’s Challenge – Tomorrow’s Opportunity
Today’s Challenge – Tomorrow’s Opportunity The 9.8 Billion People Question? United Nations Special Report , July 2017
Today’s Challenge – Tomorrow’s Opportunity 38% Amount of planet earth’s land that currently farmed! 82% Amount of planet earth’s land that would be needed if we were at 1961 production rates farmed! Source: EBIC
Today’s Challenge – Tomorrow’s Opportunity ENERGY FOOD WATER 50% 50% 30% Increase Increase Increase Sources: FAO, IEA, IFPRI
Current Market
Terms and Definitions • BIOPESTICIDE • Biorational • Biostimulant • Biologicals • Bioscience • Bio_________________
Terms and Definitions • Bioyield, BioGem, BioStim, Biosimulater, Bioact, BioAG, • Biogenesis, Biobest, Bioagro, Biobug………………
Terms and Definitions • FARM Bill may address the definition issue by establishing a definition of a biostimulant!! • That would be progress!!
Major Market Trends Driving BIO. • Global move to sustainability in agriculture • A call for less field residues of applied materials • Demand for labor and harvest flexibility • Environmental and Worker safety • Growing demand for “organic” production
Key Factors Driving Growth • Population growth • Decreasing agricultural land • Increasing input costs & limited availability • Fertilizers • Water • Sustainability • Climate change impacts & increased abiotic stress Source Dunham Trimmer
The “little” Challenge Better science that significantly reduces the variability in results at the field level. • – Biggest competitor is non use We must deliver and consistent acceptable ROI to the grower. • – Profitability/sustainability of the growers. Develop the science to better understand the how the technologies are • impacting and working inside the plant. Plant nutrition or advanced plant health must keep pace with plant genetics. • (cover the gap) (542.7 – 176.2 = 366.5 bushels per acre)
Summary • Biostimulants are growing in the impact on agricultural production around the world, with a tremendous opportunity for continued growth. • We need to continue to work toward consistent terms and regulatory standards to support the industry. • Industry must rise to the occasion to deliver better science with greater profitability for the grows. • Because we will soon have 9 Billion mouths to feed
Questions?
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