The Global Biostimulants Market is likely to gain impetus from a rise in the demand for high-value crops. According to a report published by Fortune Business Insights, titled, “Biostimulants: Global Market Analysis, Insights and Forecast, 2019-2026,” the global market is projected to reach US$ 5.68 Bn by the end of 2026. It will exhibit a CAGR of 12.4% during the forecast period (2019-2026). The global market was valued at US$ 2.24 Bn in 2018.

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Some of the Main Key Players Covered in the Report

  • Syngenta
  • BASF
  • BioAg Pty Ltd
  • Monsanto Company
  • Arysta Lifescience
  • Koppert Biological Systems
  • Valagro Pacific
  • Isagro

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The report further states that the governments of numerous countries have begun focusing on the usage of natural or biological origin agricultural inputs in crop production for increased yield and better quality. It is one of the major factors that is anticipated to boost the global biostimulants market growth during the forecast period. Moreover, renowned enterprises operating in the global market are focusing on launching technologically advanced and novel products. This is another factor that will increase the sales of biostimulants in the coming years.

Key Segmentation:

By Type

  • Seaweed Extracts
  • Humic Substances
  • Vitamins & Amino Acids
  • Microbial Amendments

By Application Method

  • Foliar Spray
  • Soil Treatment
  • Seed Treatment

By Formulation

  • Powder/Dry
  • Liquid

By Crop Type

  • Cereals
  • Oilseeds
  • Fruits & vegetables
  • Turf & ornamentals

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Increasing Launch of Awareness Programs to Promote the Adoption of Sustainable Farming Products and Practices to Favor Growth in Europe

The global biostimulants market is geographically divided into the Middle East and Africa, Europe, Asia Pacific, Latin America, and North America. Amongst these regions, Europe and North America have acquired the largest global biostimulants market share generating approximately 50% revenue altogether.

The market in Europe is anticipated to grow rapidly during the forecast period owing to the rising number of governmental awareness programs that are encouraging the populace in adopting sustainable farming methods, tools, and substances. Several biostimulant promoting councils are also present in this region. One of them is the European Biostimulant Industry Council (EBIC), which is considered to be the most prominent when it comes to promoting the usage of biostimulants among the European farmers.

North America, on the other hand, is already witnessing notable growth and Fortune Business Insights predicts that the region will exhibit a high CAGR in the coming years. This growth is attributed to the increasing demand for organic products and the presence of U.S. fertilizer regulations that must be strictly followed.

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