Global Biostimulants Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

The global biostimulants market report Overview:

“The global biostimulants Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

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The global biostimulants market report offers in-depth insights, revenue details, and other vital information regarding the global biostimulants market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027.

The report offers insightful and detailed information regarding the various key players operating in the global biostimulants market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global biostimulants market report has been segmented on the basis of active ingredient, form, crop type, application method, and region.

Biostimulant is a substance that is neither a plant nutrient nor pesticide, however, it has positive impact on plant health. It is an organic material that, when applied in small amount, improves plant growth and development such that the response cannot be attributed to the application of traditional plant nutrients.

Biostimulants are a mixture of microorganisms, enzymes, seaweed extracts, plant hormones, and trace elements. They may increase water-holding capacity, increase antioxidants, nutrient availability, enhance metabolism, and increase chlorophyll production of the plants.

Increasing focus on improving crop productivity and rapid changes in climate due to global warming affecting crop yield are key factors boosting the growth of the global biostimulants market. In addition, the eco-friendly nature of biostimulants, easy availability, and government subsidies on biological agrochemicals are major factors expected to drive the growth of the global biostimulants market over the forecast period.

However, lack of awareness about benefits of biostimulants is a key factor restraining the growth of the global biostimulants market. Additionally, high cost involved in R&D activities for biostimulants is a major factor hampering the growth of the global biostimulants market over the forecast period.

Europe is a dominant player in the global biostimulants market followed by North America and accounts for highest market share as compared to that of markets in other regions. This can be attributed to strict government regulations regarding food safety and high investment in R&D activities by prominent manufacturers in the region.

The market in Asia Pacific is projected to expand with the highest CAGR of X.X%, owing to increasing government support for sustainable farming and availability of products at lower costs in the region. Moreover, rising demand for biostimulants in countries such as Mexico and Brazil is expected to offer better growth prospect for markets in Latin America and the Middle East and Africa region over the forecast period.

Global Biostimulants Market Segmentation:

Global biostimulants market segmentation by active ingredient:

• Humic substances (humic acid and fulvic acid)
• Seaweed extracts
• Microbial amendments
• Trace minerals
• Vitamins & amino acids
• Others

Global biostimulants market segmentation by form:

• Dry
• Liquid

Global biostimulants market segmentation by crop type:

• Raw crops and cereals
• Fruits and vegetables
• Turf and ornamentals
• Others

Global biostimulants market segmentation by application method:

• Foliar treatment
• Soil treatment
• Seed treatment

Global biostimulants market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa