Biostimulants Market size was valued at US$ 2.77 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 10.65% through 2021 to 2027, reaching nearly US$ 5.63 Bn.
A biostimulant is a naturally generated additive or microbe used to improve nutrient efficiency, abiotic stress tolerance, and crop quality in crops. Biostimulants are used to treat plants such as fruits and vegetables, oilseeds and pulses, cereals and grains, and turfs and ornamentals. Plants can be treated with biostimulants in a number of ways, including foliar treatment, soil therapy, and seed treatment.
Introduction of Biostimulants market:
Each and every insight presented in the report was published by an expert group of Stellar Market Research, which is derived from primary interviews with top officials from leading companies in the domain concerned. The report’s secondary data research methodology includes deep online and offline research and discussion with expert professionals and analysts in the Biostimulants industry. In the report, Biostimulants market reports, industry trends have been explained on the macro level, which is expected to help to find an outline market landscape and probable future issues.
Biostimulants Market Overview:
The SMR Biostimulants Market report examines the upstream, midstream, and downstream industries' historical and projected growth. The market study goes into detail about the overall market size, overall revenue, and market segmentation. The SMR research thoroughly considers a variety of factors, including current market competition, potential growth barriers, and profiles of key manufacturers, as well as production and consumption by relevant areas.
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Biostimulants Market Key players:
BASF SE (Germany)
UPL (India)
Valagro S.p.A (Italy)
Gowan Group (US)
FMC Corporation (US)
ILSA S.p.A (Italy)
Rallis India Limited (India)
Haifa Group (Israel)
Adama Ltd. (Israel)
Biovert S.L (Spain)
C-Combinator (US)
AlgaEnergy (Spain)
NovoZymes (Denmark)
Plant Impact (UK)
Acadian Seaplants (Canada)
Verdesian Life Sciences (US)
Biostimulants Market Drivers:
The Biostimulants Market is primarily driven by strong global market demand for high-value crops, as well as the growing need to sustain agricultural growth in the face of abiotic stress caused by changing climatic conditions. Furthermore, technological advancements by major corporations have resulted in a significant demand for biostimulant goods in the majority of countries. The market is expected to be driven by a growing emphasis on increasing productivity, as well as rapid soil degradation, during the forecast period.
Biostimulants Market Segmentation:
The higher price of amino acids explains this dominance. Biostimulants were previously created with a single active component that was specialised to a purpose. Manufacturers have been designing formulations with a blend of numerous active components to cater to multifunctionality, as awareness of sustainability has grown and research activities have increased.
Prime Reasons to purchase a Biostimulants Market report:
The goal of the Biostimulants market report is to help consumers to gain more information and a clearer understanding of the industry. The Biostimulants market growth analysis includes development trends, competitive landscape analysis, investment plan, business strategy, opportunity, and key regions development status for international markets.
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Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business.
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Mar 03, 2023
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