Global Biostimulants Market report from Global Insight Services is the single authoritative source of intelligence on Biostimulants Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A biostimulant is a natural or synthetic substance that, when applied to seeds, plants, or soils, stimulates biological processes to enhance plant growth and development. Biostimulants are designed to improve plant health and productivity by stimulating plant growth and development processes such as photosynthesis, nutrient uptake, and water use efficiency. Biostimulants can be applied to seeds, leaves, or roots, and are typically used in conjunction with other agricultural inputs such as fertilizers and pesticides.
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Key Trends
There are a few key trends in the Biostimulants technology. The first is the trend toward using natural products as biostimulants. This is because natural products are generally safer and more effective than synthetic chemicals. Additionally, natural products are often more sustainable and environmentally friendly.
Key Drivers
The global biostimulants market is expected to grow at a CAGR of 6.8% during the forecast period (2019-2024).
1. Increasing demand for organic food: The global demand for organic food is increasing at a rapid pace. This is due to the growing awareness among consumers about the health benefits of organic food.
2. Stringent government regulations: The government regulations regarding the use of biostimulants are getting stricter. This is because of the growing concerns about the impact of biostimulants on the environment.
Market Segments:
The Biostimulants Market is segmented by product type, crop type, application and region. By product type the market is divided into acid-based, extract-based and others. Based on crop type it is segmented into row crops and cereals, fruits and vegetables, turf and ornamentals and other crops. On the basis of application it is bifurcated into foliar spray, soil and seed. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Market Players:
The Biostimulants Market includes players such as BASF SE, Biolchim S.p.A. , Biostadt india limited, Biovert S.L. , Hello Nature, Isagro S.p.A. , Koppert B.V. , Lallemand, Inc. , Novozymes A/S, and Valagro.
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