Biostimulant Market is projected to rise at a moderate CAGR during the forecast period from 2021 to 2027. Increasing demand for agro products, increasing consumer preference for organic compounds, and governmental initiatives and campaigns to improve the organic food production are the major factors driving the growth of the biostimulant market during the forecast period. Biostimulants are enhanced fertilizers used in crop production to improve growths and productivity of plants. These fertilizers support the plants to tolerate different stresses including heat, cold, and droughts that enhances the nutritive contents and appearance of the plant. Biostimulants have emerged as an effective substitute for chemical based agro products, which is nature-friendly and show efficient productivity. The biostimulant market is estimated to expand during the forecast period owing to the growing demand for high-value crops and the increasing need to promote the growth of the crop.
Europe is expected to have considerable market value in global the biostimulant market due to increased demand for agro products and increased consumer preference for organic compounds within the region. Moreover, Asia-Pacific is projected to witness considerable growth due to the increasing awareness and utilization of biostimulants in emerging economies. In addition, Asia-Pacific countries such as India, China, and Australia follow different cuisines that require a constant supply of food materials which results in a growing demand for bio-based products. The companies operating in the biostimulants market include BASF SE, Syngenta Crop Protection AG, Bayer SPA, UPL, Ltd., Acadian Seaplants, Ltd., SICIT 2000 S.p.A., Italpollina SPA, and Valagro SpA.
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A full report of Global Biostimulant Market is available at: https://www.orionmarketreports.com/biostimulants-market/58682/
The following Segmentation are covered in this report:
By Active Ingredients
· Humic and Fulvic Acids
· Protein Hydrolysates
· Seaweed Extracts
· Microbial Elements
· Others (Biopolymers and Inorganic Compounds)
By Application Method
· Foliar Treatment
· Soil Treatment
· Seed Treatment
By Region
North America:
· US
· Canada
Europe:
· France
· Italy
· Germany
· UK
· Rest of Europe
Asia Pacific:
· India
· China
· Japan
· Australia
· Rest of APAC
The report covers the following objectives:
- Proliferation and maturation of trade in the global Biostimulant Market.
- The market share of the global Biostimulant Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Biostimulant Market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Biostimulant Market.
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
