IMARC Group, a leading market research company, has recently releases report titled “Biostimulants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global biostimulants market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the biostimulants market?
The global biostimulants market size reached US$ 2.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.0 Billion by 2028, exhibiting a growth rate (CAGR) of 10.5% during 2023-2028.
What are biostimulants?
Biostimulants refer to a range of substances and microorganisms used to enhance plant growth, resilience, and overall crop health. These products are essential in modern agriculture, known for their ability to stimulate nutrient uptake, improve soil health, and support sustainable farming practices. Key features of biostimulants may include their compatibility with various crops, ecological benefits, alignment with organic farming principles, and adaptability to different climatic conditions. The specific nature of biostimulants and their crucial role in agriculture underscore their importance in contemporary farming and the global food supply chain.
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What are the growth prospects and trends in the biostimulants industry?
The escalating demand for sustainable agriculture, the rise in global food requirements, and the growing awareness of environmental conservation are central factors contributing to the growth of the biostimulants market globally. In conjunction with this agricultural trend, biostimulants are appreciated for their potential to enhance crop yield, improve soil fertility, and reduce dependency on chemical fertilizers, thus significantly shaping market dynamics. Additionally, innovations in biological research, focus on agronomic practices, and the development of customized biostimulant formulations catering to specific crop needs have fostered a versatile and innovative biostimulants landscape, thereby driving market growth. Moreover, the increasing collaboration between farmers, agronomists, research institutions, and governmental bodies is expanding the market’s reach. Compliance with agricultural regulations, ethical farming standards, and transparent certification processes also guide the market trajectory. Other contributing factors, such as investments in research for developing eco-friendly solutions, the presence of companies specializing in agri-tech solutions, and the integration of biostimulants into comprehensive farming strategies, are further boosting market growth across the agriculture sector, emphasizing the biostimulants market’s essential role in modern agronomy, environmental stewardship, and global food security.
Competitive Landscape With Key Players:
The competitive landscape of the biostimulants market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Agrinos AS
- Adama LTD.
- BASF SE
- Bayer
- Biolchim SpA.
- Biostadt India Ltd.
- Isagro
- Italpollina SpA
- Koppert B.V.
- Novozymes
- Syngenta
- Valagro SpA
Key Market Segmentation:
The report has segmented the global biostimulants market based on product type, crop type, form, origin, distribution channel, application, end user and region.
Breakup by Product Type:
- Acid-based
- Humic Acid
- Fulvic Acid
- Amino Acid
- Extract-based
- Seaweed Extract
- Other Plant Extracts
- Others
- Microbial Soil Amendments
- Chitin & Chitosan
- Others
Breakup by Crop Type:
- Cereals and Grains
- Fruits and Vegetables
- Turf and Ornamentals
- Oilseeds and Pulses
- Others
Breakup by Form:
- Dry
- Liquid
Breakup by Origin:
- Natural
- Synthetic
Breakup by Distribution Channel:
- Direct
- Indirect
Breakup by Application:
- Foliar Treatment
- Soil Treatment
- Seed Treatment
Breakup by End-User:
- Farmers
- Research Organizations
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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