Biostimulants Market – Increase in Preference towards Natural Crop Protection & Nutrition Products is Expected to Lead the Market Growth – Growing at a Compound Annual Growth Rate (CAGR) 11.9% from 2022 to 2028

Biostimulants
  • Biostimulants Market

As stated in our extensive report; the Global Biostimulants Market accounted for USD 3.0 Billion in 2021.

Biostimulants promote optimal plant development and growth. They improve the plant's ability to use nutrients, its metabolism, its ability to retain water, and its production of chlorophyll. Increased nutrition consciousness among farmers is one factor fueling the expansion of the Global Biostimulants Market, which in turn is drawing the attention of more and more planters to the benefits of incorporating protein-rich regulators into standard agricultural operations.

Biostimulants possess various active ingredients, including Microbial Inoculants, Amino Acids, Fulvic Acids, Seaweed Extracts, Humic Acids, Minerals, Vitamins, Polysaccharides, and others.

Let’s discuss the key reasons influencing the global market share of Biostimulants.

Factors Influencing Worldwide Biostimulants Market Growth

The growth of the Biostimulants global market can be attributable to the following:-

1. The increase in the need to enhance crop yield and quality, the wide range of advantages of Biostimulants in the production of crops, and the need for organic food driving organic farming are significant factors propelling the Biostimulants Market expansion.

2. The growth in awareness regarding harmful, long-term effects of artificial chemicals used for plant development and environmental safety with the use of Biostimulants will drive market growth as a result of the increase of plant's natural tolerance to stressors such as pests & disease and rapid recovery from stressful events like poor weather.

3. Furthermore, the technological innovations taking place in the Biostimulants sector will provide beneficial prospects for manufacturers to produce new products in the Biostimulants industry. Besides, Biostimulants are also gaining pace in the agricultural market with their escalating use as plant growth promotors.However, the scientific and technical difficulties in developing Biostimulants might create a challenge for the Biostimulants Market growth.

Europe Leads the Global Market

Europe held the largest market share in 2021 and is anticipated to continue this trend during the forecast period. This is due to the increasing consumption of organic foods and the rising preference of manufacturers for sustainable and eco-friendly production alternatives.
Furthermore, there is increased government prominence on adopting sustainable farming substances, tools, and other methods in this region. In addition, the increase in Research and Development (R&D) activities relating to Biostimulants and the presence of more Biostimulants providers in this region will support the regional market growth.

Conclusion
As per Vantage Market Research, the rising demand from the organic food industry and the strong participation of top market players have blown the global Biostimulants market.
Some of the prominent players in the Global Biostimulants Market include- BASF SE, UPL, Valagro S.P.A, Gowan Company, FMC Corporation, ILSA S.P.A., Rallis India Limited, Haifa Group, ADAMA LTD, Biovert S.L., Koppert Biological Systems, Tradecorp International, Agritecno, Axeb Biotech SL, Mafa Bioscience, Lawrieco, Devi Crop Science, Bioflora Agricen, Bonumose Inc. and others.