According to Goldstein Research, Brazil ICS market is expected to reach USD 1.9 billion by 2025, growing at a CAGR of 8.93% over the forecast period 2017-2025. The factors such as automated industrial environment and use of advanced technologies such as robotics are increasing the demand for efficient and secure industrial solutions and thus driving the growth of industrial control system market in Brazil. Brazil ICS market segmentation has been carried out on the basis of the control system, applications, end users, and geography. The multiple processes in the manufacturing industry which require effective monitoring and automation of the processes. Thus the Manufacturing industry segment of the end users accounts for a market share of 25.68% in 2017. Brazil ICS market has immense growth opportunities owing to the fact that Brazil is a developing country and thus it facilitates developmental activities in the power and energy and transportation industry. Moreover, the growing
Governments
across different geographies are implementing impactful regulations by
prohibiting usage of synthetic fertilizers which are harmful for the
environment as well as for the humans. Regional governments are also
encouraging farmers and growers for the adoption of biostimulants which are
cost effective and environment friendly. For instance, U.S fertilizers have
become more stringent, particularly with regard to nutrient loading into water
bodies and harmful fertilizers; demand for biostimulant products has grown.
Additionally, United States Department of Agriculture (USDA) has introduced
voluntary programs that offer financial incentives to the farmers or producers
who use technologies that reduce the environmental impact of farming, leading
many producers to seek out biostimulants products. These trends are certain and
expected to result in an expanded biostimulant
market.
Geographically,
Asia Pacific and Europe region is expected to project strong growth in the
upcoming future, owing to the emerging agro industry in the region. According
to our market study on Biostimulants market, the Global biostimulants market is
anticipated to reach USD 4.2 Billion by the end of 2024. Impact of
biostimulants on agro industry has been taken into account, increasing demand
of biostimulants to increase the production is driving the growth of Global
Biostimulant market.
Rising global population along with limited
availability of land has significantly raised the concerns to meet future
demand for food supply, which is shifting the agriculture industry towards
precision farming, thus opening vast avenues for biostimulants
market growth. Additionally, global warming has a severe impact on climatic
conditions which is resulting in yield instability of several crops. Shifting
climatic conditions has considerably raised the demand
for biostimulants in order to improve the crop quality.
Browse full biostimulant market report : https://www.goldsteinresearch.com/report/biostimulants-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024
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