Biostimulant Market size to be worth $8,004.10 million by 2031, at a 10% CAGR | Growth and Demand

The global biostimulant market was valued at $2,572.60 million in 2020, and is projected to reach $8,004.10 million by 2031, growing at a CAGR of 10% from 2022 to 2031.

Biostimulants are biologically produced fertilizers that are used to stimulate plant development and productivity, in addition to the nourishment of agrarian products. A biostimulant boosts plant development and growth throughout the crop life cycle, i.e., from seed germination to plant maturity. These fertilizers further help in facilitating nutrient translocation, assimilation, and use; and enhance soil fertility mainly by stimulating the development of interdependent soil microorganisms.

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The biostimulant market is segmented on the basis of product type, crop type, application, and region. On the basis of product type, the market is classified into acid-based, extract-based, and others. By crop type, the market is divided into row crops & cereals, fruits & vegetables, turfs & ornamentals, and others. On the basis of application, the market is categorized into foliar spray, soil, and seed. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy,Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Turkey, South Africa, and rest of LAMEA).

The players operating in the global biostimulant market have adopted various developmental strategies to expand their biostimulant market share to increase profitability, and remain competitive in the market. The key players profiled in this report include BASF SE, BiolchimS.p.A., Biostadt India Limited, Biovert S.L., Hello Nature, IsagroS.p.A., Koppert B.V., Lallemand, Inc., Novozymes A/S, and Valagro.

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Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the biostimulant market analysis from 2020 to 2031 to identify the prevailing biostimulant market opportunity.

The market research is offered along with information related to key drivers, restraints, and opportunities.

Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.

In-depth analysis of the biostimulant market segmentation assists to determine the prevailing market opportunities.

Major countries in each region are mapped according to their revenue contribution to the global market.

Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

The report includes the analysis of the regional as well as global biostimulant market trends, key players, market segments, application areas, and market growth strategies.

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