Authored By: Sarah
17 Nov 2023

Biostimulants Market anticipates revenue growth by USD 1.51 Bn through 2023-2027  

The increasing demand for biostimulants in the agricultural industry, the rising demand for organic food, and the easy availability of raw materials are catalyzing the growth of the Biostimulants Market. Estimates indicate that the biostimulants market will grow at a compound annual growth rate (CAGR) of 10.68%, adding USD 1.51 billion between 2022 and 2027.

"Biostimulants are formulations used in agriculture to enhance crop vigor, yield, quality, and stress tolerance. "

When it comes to the market segmentation of the Biostimulant market it can be categorized by The market is segmented by Product (Acid-based, Extract-based, and Others), Application (Foliar, Soil, and Seed), Type (Row crops and cereals, Fruits and vegetables, Turfs and ornaments, and Others), and Geography (Europe, APAC, North America, South America, and Middle East and Africa. 

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Snapshot of Biostimulants Market 

Navigating through the growth drivers it has been observed that the determinants of this market growth comprise factors such as 

  • Biostimulants are formulations used in agriculture to enhance crop vigor, yield, quality, and stress tolerance; also contribute to soil fertility and the development of beneficial microorganisms.
  • Biostimulants also offer benefits, that include improving plant metabolism, increasing stress tolerance, enhancing nutrient assimilation, and water use efficiency improvement.

"As per our market research China, India, the US, and Brazil are prominent players in the global agriculture market, producing major crops therefore use of biostimulants is expected to grow in China and India owing to the food demands of their large populations."

  •  Biostimulant demand shall continue to rise as arable land continues to shrink.

Get a comprehensive report summary describing the market landscape in our data-backed report that captures the growth trajectory of the market along with a detailed analysis of the growth drivers, trends, and challenges followed by the fastest-growing segment and region.

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