Biostimulants Market Report, Global Share, Size, Growth Analysis and Forecast 2023-2028

The latest report published by IMARC Group, titled "Biostimulants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary 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.

Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/biostimulants-market/requestsample

Biostimulants Market Trends:

The global biostimulants market is experiencing remarkable growth, driven by a convergence of factors that promise to reshape modern agriculture. One of the primary drivers of this growth is the increasing global awareness of the need for sustainable farming practices. With concerns about environmental impact and food security on the rise, farmers are turning to biostimulants as a key solution. These natural substances, derived from plant extracts, seaweeds, and microorganisms, help enhance crop yields while reducing the need for chemical fertilizers and pesticides. As governments and consumers alike push for more eco-friendly farming methods, biostimulants offer an attractive pathway towards achieving these goals.

Furthermore, advancements in agricultural research and technology are accelerating the adoption of biostimulants. Agronomists and farmers now have access to a wealth of data and scientific studies that showcase the efficacy of biostimulant products. This knowledge empowers them to make informed decisions about incorporating biostimulants into their crop management strategies. Additionally, the growing emphasis on precision agriculture, driven by the Internet of Things (IoT) and data analytics, is allowing farmers to fine-tune the application of biostimulants, further maximizing their benefits. With these drivers in play, the biostimulants market is poised for robust expansion in the coming years, heralding a more sustainable and productive future for agriculture.

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:
o Humic Acid
o Fulvic Acid
o Amino Acid

• Extract-Based:
o Seaweed Extract
o Other Plant Extracts

• Others:
o Microbial Soil Amendments
o Chitin & Chitosan
o 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

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

Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=1960&flag=C

Key Highlights of the Report:

• Market Performance (2016-2022)
• 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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This release was published on openPR.