Future Market Insights has forecasted the global bio-stimulants market to reach a valuation of US$ 9.6 billion in 2033. Owing to its emergence as a sustainable solution that could improve agricultural sustainability and enhance crop yields.

The bio-stimulants are anticipated to showcase absolute dollar opportunities in the global market with a current valuation of around US$ 3.4 billion in 2023 and are anticipated to reach US$ 9.6 billion by 2033. The global business is estimated to witness a considerable CAGR of 10.8% during the period between 2022 and 2029.

A half-yearly comparison has been presented by FMI, analyzing its key insights into the growth outlook of the bio-stimulant market. The market is predominately influenced by certain demographic factors, macroeconomic and innovation factors including, population growth, agricultural production outlook, increasing yield and productivity of crops and others.

Competitive Landscape

BASF SE, Isagro S.p.A., Novozyme A/S, UPL Corporation Limited, FMC Corporation, Acadian Seaplants Limited, Agrinos AS, BioAtlantis Ltd., Biostadt India Ltd., Koppert B.V., Italpollina Spa, Micromix, Syngenta AG, Trade Corporation International, Agricen, Omex Agrifluids Ltd., Valagro SpA, Oxon Italia S.p.A. are some of the key companies profiled in the full version of the report.

Through numerous mergers and acquisitions, major firms are working on growing their global influence. Over the next few years, this tendency is projected to continue. Many market players have been able to expand their separate operations in numerous geographies as a result of the increasing number of strategic partnerships in the bio-stimulants sector.

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Key segments

By Active Ingredient:

  • Acid-Based
  • Extract-Based
  • Others (including Microbial Amendment, Trace Minerals, etc.)

By Crop Type:

  • Row Crops
  • Fruits & Vegetables
  • Turfs & Ornamentals
  • Other Crop Types

By Application:

  • Foliar
  • Soil
  • Seed

More Insights into the Bio-stimulants Market

The United States is likely to dominate the bio-stimulants market in the global sphere throughout the forecast period of 2022-2029. The United States is expected to lead the North American market with a substantial value share in terms of consumption.

Owing to the rapid expansion of the organic food business is one of the primary drivers of the bio-stimulants market’s outreach. The market is expected to outgrow further as farmers adopt sustainable farming practices. The lawn and ornamental segment of the region drives demand in the North American region.

Implementation of favorable rules for regional product adoption should be boosted along with an emphasis on organic farming and yield enhancement. This booming region also gives new industry participants an opportunity to enter the market for agricultural investment. The United States’ major focus is on organic farming which is helping to boost regional market share.

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