Global Biostimulants Market was valued at USD 3.15 Billion in 2021 and is projected to reach USD 6.75 billion by 2028, growing at a CAGR of 11.50% from 2022 to 2028.
Biostimulants are synthetic or natural compounds that can be added to soil, plants, and seeds to promote plant development while reducing the need for fertilizers. These goods can withstand abiotic stressors and water. Furthermore, biostimulants are applied to plants in order to increase their nutrient levels, abiotic stress tolerance, and nutrition efficiency. Many active components, including vitamins, humic acid, seaweed extract, and others, are employed in the formulation of biostimulants. Furthermore, biostimulants contribute to improved agricultural life cycle and plant growth from seed germination to plant maturity. Additionally, by promoting the growth of interdependent soil microbes, these biostimulants enhance soil fertility and aid in the transfer and absorption of nutrients.
Top Key Players Covered In Biostimulants Market Are
BASF SE (Germany), Syngenta (Switzerland), UPL (India), Bayer CropScience's (Germany), Valagro (Italy), Italpollina SAP, Platform Product Specialty Corporation (US), Sapec Group (Belgium), Biostadt India Ltd. (India), Koppert B.V. (Netherlands), Novozymes A/S. (Denmark), Lallemand (Canada), AlgaEnergy (Spain) and other major players.
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Introspective Market Research specializes in delivering comprehensive market research studies that offer valuable insights and strategic guidance to businesses worldwide. With a focus on reliability and accuracy, our reports empower informed decision-making.
An in-depth examination of the overall Biostimulants industry is done to provide this market report encompassing all essential market fundamentals. Our findings are built upon a solid foundation, drawing from a wide range of primary and secondary sources. To further enhance the comprehensiveness of our evaluation, we employ industry-standard tools such as Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis.
Segmentation Analysis of Biostimulants Market
By Active Ingredients
- Humic Substances
- Vitamins
- Amino Acids
- Seaweed Extract
- Microbial Soil Amendments
- Others
By Source
- Microbial
- Non-Microbial
By Crop Type
- Fruits and Vegetables
- Cereals and Grains
- Turf and Ornamentals
- Oilseeds and Pulses
- Others
By Application
- Foliar Spray
- Soil Treatment
- Seed Treatment
By Form
- Dry
- Liquid
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Regional Analysis Of Biostimulants Market
During the estimated period, the biostimulants market is likely to have the greatest market share in the Asia Pacific region. Growing land cultivation, plant biotechnology, precision farming, and the use of organic-based active ingredients are driving up the market for biostimulants in Asian nations like China and India. The government of the Asia Pacific region also prioritizes food security and sustainability in food production, which also helps to expand the market in the anticipated time, in addition to the growing use of high-quality agricultural products by Asian countries and the expansion of sustainable agriculture practices. The agricultural sectors in Asia Pacific are contributing to the market's expansion through increasing the output of organic products, advancing technology, and raising consumer awareness of the use of biostimulants.
By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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