Biostimulants Market 2024 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2033

Spread the love

Overview and Scope
Biostimulants are substances or microorganisms that enhance plant growth when applied in small amounts by increasing the nutrient absorbency rate of plants without any adverse effect on the plants. It improves plant tolerance to biotic stress while also increasing crop productivity.

Sizing and Forecast
The biostimulants market size has grown rapidly in recent years. It will grow from $3.14 billion in 2023 to $3.47 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to increase in need for sustainable agriculture, the increasing demand for organic products, advancements in research and government initiatives and regulatory support.

The biostimulants market size is expected to see rapid growth in the next few years. It will grow to $5.25 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to climate-adaptive agriculture, the consumer shift to healthier and sustainable foods & beverages, the growing demand for high-value crops and escalating global food needs. Major trends in the forecast period include focus on customized crop solutions, should launch synergistic combinations to optimize crop productivity, focus on nanotechnology for enhanced biostimulant compounds, offer sustainable crop yield enhancement and should focus on cross-sector collaborations.

Order your report now for swift delivery, visit the link:
https://www.thebusinessresearchcompany.com/report/biostimulants-global-market-report

The biostimulants market covered in this report is segmented –

1) By Chemical Origin: Natural Biostimulants: Biosynthetic Biostimulants
2) By Active Ingredient: Humic Acid, Fulvic Acid, Amino Acids, Protein Hydrolysates, Seaweed Extracts, Other Active Ingredients
3) By Category: Application: Foliar, Soil, Seed

Asia-Pacific was the largest region in the biostimulants market in 2023. North America was the second-largest region in the global biostimulants market. The regions covered in the biostimulants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Intrigued to explore the contents? Secure your hands-on a free sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2516&type=smp

Major Driver Impacting Market Growth
The growth of sustainable agriculture is expected to drive the growth of the biostimulant market. There is an increased focus on sustainable agriculture due to deteriorating factors such as soil degradation, water scarcity, climate change, and also the burden of producing high crop yields to meet the demand. In sustainable agriculture, the use of artificial products like fertilizers and pesticides is prohibited since it degrades soil and harms the environment. Biostimulants, on the other hand, increase the simulation power of the plants to absorb nutrients and help in handling biotic stress. For instance, the United Nations’ sustainable development goals for 2030 have a special focus on sustainable agriculture. The use of biostimulants to grow crops free of pesticides and fertilizers also helps in growing crops under unusual conditions. The use of biostimulants helps grow various crops under stress conditions, supporting sustainable agriculture and thereby driving the biostimulant market.

Key Industry Players
Major companies operating in the biostimulants market report are Bayer AG, UPL, Adama Ltd, Syngenta, Novozymes A/S, Haifa Group, American Vanguard Corporation, Lallemand, Inc, FMC Corporation, BioAg Pty Ltd., Nutri-Tech Solutions, EcoCatalysts, T.Stanes & Company Limited, Qingdao Seawin Biotech Group Co., Ltd., Evergreen Biotech Inc., Jiangsu Baoze Agrochemical Co., Ltd, Beijing Multigrass Formulation Co., Ltd, AminoA Biostimulants, Valagro, Sapec Agro Business, Levington Agriculture, Plantworks Ltd., Koppert Biological Systems Inc., COMPO Expert GmbH, Agricol, Schelkovo Agrohim, BioWorks Inc, MicroSintesis, BioFert Manufacturing Inc., Plant Products, Acadian Seaplants, Valent BioSciences Corporation, Advanced Biological Marketing (ABM), Verdesian Life Sciences, Sound Agriculture, Agroenzymas, Stoller, BioCeres, Aminoagro, Microquimica, Ecolibrium Biologicals, Solum Brasil, Emirates Biotech Pharmaceutical Factory LLC, Agri Life Gulf, Bioriginal Africa, Omnia Group.

The biostimulants market report table of contents includes:

1. Executive Summary

2. Biostimulants Market Characteristics

3. Biostimulants Market Trends And Strategies

4. Biostimulants Market – Macro Economic Scenario

5. Global Biostimulants Market Size and Growth
…………

32. Global Biostimulants Market Competitive Benchmarking

33. Global Biostimulants Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Biostimulants Market

35. Biostimulants Market Future Outlook and Potential Analysis

36. Appendix

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email[email protected]

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model


Spread the love

About Top PR News

TopPRnews Leads Drives Search Engine Visibility For Your Press Release Content. Our Global Network Reaches Important Contacts, Media Partners And Websites And Journalists. Happy Postings! If You Have Any Queries Please Contact Official Mail At [[email protected]}

View all posts by Top PR News →