According to SPER Market Research, the Biostimulants Market is added to soil, seeds, or plants to encourage the growth of natural processes that increase nutrient uptake and abiotic stress resistance. Using biostimulants offers several benefits, such as improving crop yields by enhancing biological efficiencies, reducing agricultural stress, and producing higher-quality crops. It is crucial to choose biostimulants from a reputable source with real-world field tests and research data. These products, like soil conditioners, have the potential to increase crop production and meet future food requirements while helping the farming community achieve food production goals, mitigate unfavorable weather effects, and increase profits through higher-quality produce. Furthermore, biostimulants can significantly reduce the need for chemical pesticides and fertilizers, providing farmers with a sustainable alternative that does not harm the ecosystem.Biostimulants are made up of natural substances such as bacteria, yeast, fermented metabolites, algae or plant extracts, amino acids, humus substances, biomolecules, fungi, and others. Depending on the intended use and farm requirements, they may come in different shapes, including micro granules, powders, and liquid mixtures, and can be applied to both leaves and stems.
Biostimulants Market Overview:
- Forecast CAGR (2022-2032): 12.02%
- Forecast Market Size (2032): 10.89 billion
Biostimulants, like soil conditioners, have all the properties to increase crop production, supporting and meeting the future’s food requirements. Additionally, it can assist the farming community in achieving food production goals, mitigating the impacts of unfavorable weather, and increasing profits through higher-quality produce. Biostimulants can also significantly reduce the need for chemical pesticides and fertilizers, giving farmers a sustainable alternative without harming the ecosystem.
Impact of COVID-19 on the Global Biostimulants Market
The Covid-19 outbreak had varying degrees of effect on almost every industry, including agriculture. Several nations implemented full or partial lockdowns to stop the disease’s spread, which originally slowed production and disrupted the product’s supply chain. Biostimulants are made from a variety of basic materials, including protein hydrolysates, amino acids, and others. Transporting these raw materials was challenging due to the stringent travel limits put in place during the early stages of the pandemic outbreak.Additionally, the demand for the product is anticipated to increase at a reasonable rate due to the rising demand for bio-based, secure, and sustainable agri-inputs. Moreover, it is expected that this market will stabilize and prosper in the upcoming months thanks to ongoing efforts of major players in it, including Syngenta and Novozymes, to maintain operations while implementing safety measures.
Biostimulants Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Valagro SpA, Sapec Agro S.A., Platform Specialty Products Corp., Novozymes A/S, Koppert B.V., Italpollina SAP, Isagro Group, Biostadt India Ltd., Biolchim SpA, BASF SE, Hello Nature, Lallemand, Agriculture Solutions Inc.
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Biostimulants Market Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
Global Biostimulants Market Segmentation:
By Active Ingredient: Based on the Active Ingredient, Global Biostimulants Market is segmented as; Amino Acid, Humic Substances, Microbial Amendments, Seaweed Extracts, Others
By Application: Based on the Application, Global Biostimulants Market is segmented as; Foliar treatment, Seed treatment, Soil treatment, Others
By Crop Type: Based on the Crop Type, Global Biostimulants Market is segmented as; Cereals & Grains, Fruits & Vegetables, Oil Seeds & Pulses, Others
By Formulation: Based on the Formulation, Global Biostimulants Market is segmented as; Dry, Liquid
By Region: The Global Biostimulants Market Report covers Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom, and the United States. In previous year, Europe ruled the globe due to the government’s increased focus on using sustainable farming products, tools, and techniques as well as a number of biostimulants promotion councils in the region, the market in Europe is growing significantly.
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