Biostimulants Market Size is Estimated to grow at a CAGR of 11.5% during the forecast period

 

The global biostimulants market is estimated to witness growth at a compounded annual growth rate (CAGR) of 11.5% during the forecast period of 2022 to 2030.

Natural microbe-based agricultural chemicals or substances known as "biostimulants" are applied to oilseeds, soil, grains, fruits, vegetables, and other plantation crops in order to improve the plant's capacity to hold water, increase its ability to withstand environmental stresses such as disease or drought, increase the availability of nutrients, and produce more chlorophyll. These biologically produced fertilizers also boost antioxidant activity and encourage the growth of roots and cells in plants.

 

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GROWTH DRIVERS:

The global biostimulants market is growing due to a number of factors, including the increasing adoption of these products due to growing awareness of their many benefits worldwide; the growing need to improve crop yield and quality; the rapid degradation of soil around the world; growing concern about environmental safety; growing emphasis on productivity improvement; the need to restore degraded soil and improve soil health; the ever-expanding agriculture industry; and the limited amount of cultivable land available worldwide.

Furthermore, there is an enormous increase in the desire for wholesome, premium food that is free of chemical residues. As a result, organic agricultural methods are becoming more and more popular. For crop protection and nourishment, biostimulants are crucial in organic gardening and farming. Within the context of this, regional government support for the promotion of bio-agri products has also expanded. Therefore, the need for biostimulants in organic farming is expected to rise along with the growing popularity of organic farming. Over the course of the forecast period, this factor combined with the government's increasing support is anticipated to contribute to the growth of the worldwide biostimulants market.

Additionally, a number of other factors, including the growing number of market players offering customized product solutions specific to crop type and soil and the proliferation of innovative bio-based product introductions; the rising disposable incomes and spending of people; and the expansion of farmer education and training programs are anticipated to create ample growth opportunities for the global biostimulants market over the course of the forecast period.

BIOSTIMULANTS MARKET SEGMENTATION:

By Active Ingredients: 

·         Acid-based

o   Humic Acid

o   Fulvic Acid

o   Amino Acids

·         Extract-based

o   Seaweed extracts

o   Other Botanical Extracts

·         Microbial Amendments

·         Others

o   Vitamins

o   Trace Minerals

o   Polysaccharides

 

By Application:

·         Soil Treatment

·         Seed Treatment

·         Foliar Spray

 

By Form: 

·         Liquid

·         Dry

 

By Crop Type:

·         Cereals & Grains

·         Oilseeds & Pulses

·         Fruits & Vegetables

·         Turfs & Ornamentals

·         Others

o   Forage

o   Plantation Crops

 

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

KEY COMPANIES IN BIOSTIMULANTS MARKET:

·         Bayer AG

·         Syngenta AG

·         BioAtlantis Ltd.

·         Agrinos Inc.

·         Andermatt Biocontrol AG

·         Som Phytopharma India Limited

·         Novozymes A/S

·         BASF SE

·         Valagro S.p.A

·         FMC Corporation

·         Rallis India Limited

·         Haifa Group

·         Marrone Bio Innovations Inc.

·         Biolchim SpA

·         Italpollina SpA

·         Biostadt India Limited

·         Olmix S.A.

·         Plant Health Care plc

·         EuroChem Group AG

·         Other Players

 

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

                                   

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