Biostimulants Market - Trends Forecast Till 2028

Market Overview

The global Biostimulants Market size is projected to reach a CAGR of 13.9% from 2021-2028.

Biostimulants are emerging as an essential component in sustainable agricultural practices. Instances of environmental hazards and soil contamination from injudicious and excessive application of chemical-based products on crops have been a key issue for the industry in recent times. Biostimulants are an effective substitute for chemical-based agro products and are replacing these at a higher rate on account of their environment-friendly nature and performance efficiency.

Rising focus on enhancing productivity coupled with rapid soil degradation is the major factor that has supported long-term expansion for Biostimulants Market.

Regional Analysis

The North American market accounted for the largest share of the global Biostimulants Market, fuelled by the changing preferences of consumers. In the region, consumers are shifting from sugared gums to sugar-free gums due to the rising concerns of sugar intake and its harmful effects.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• BASF SE
• Isagro Group
• Sapec Group
• Biolchim S.P.A
• Novozymes A/S
• Platform Specialty Products Corporation
• Valagro Group
• Koppert B.V.
• Italpollina SAP
• Biostadt India Limited.

Recent Developments

• In 2022 February, UPL AgroSolutions Canada announces that its first biosolutions product in Canada, OHM Biostimulant, has received registration from the Canadian Food Inspection Agency. OHM is a highly advanced and highly concentrated liquid form of Ascophyllum nodosumseaweed extract that optimizes nutrient use efficiency for enhanced plant growth and development.
• In 2022 June, UPL Australia has launched a new range of Biostimulant products based on GoActiv Technology, designed to address specific crop physiological or abiotic stresses in fruits, vegetables, vines and tree crops. GoActiv Technology is based on a 100 percent pure extract from the Ascophyllum nodosum seaweed species.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Biostimulants Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope