Biostimulants Market to be Worth $6.79 Billion by 2030 - Grand View Research, Inc.

Get more Insights from full market research report, "Biostimulants Market Size, Share & Trends Analysis Report By Active Ingredients (Acid-based, Microbials), By Application (Soil, Seed Treatments), By Crop Type (Row Crops & Cereals, Fruits & Vegetables), By Region And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Biostimulants Market Growth & Trends

It helps in the production of high-quality crops and thus is widely used in contemporary agricultural practices for a good and profitable yield. They also supplement the growth of plants. They are used as an additive to the plants and are different from fertilizers. Biostimulants incorporate a varied range of active ingredients, which comprise amino acids, fulvic acids, seaweed extracts, and microbes among others. In 2021, the leading active ingredient segment was acid-based biostimulants. The acid-based segment includes products based on fulvic, humic, and amino acids. Amino acids are among the key instigators of phytohormones aiding seed germination and stimulating the metabolic processes in plants.

Row crops & cereals were the largest crop type segment in 2021. Government support for the use of eco-friendly products and increasing production output of row crops & cereals are expected to boost the growth of this segment over the forecast period. Europe was the dominant regional market in 221, in terms of revenue, followed by North America. Asia Pacific has the highest growth potential due to the presence of emerging economies, such as India and China. The presence of stringent rules against the usage of artificial chemicals, which degrade the soil quality, has also been supplementing the growth of the market.

Biostimulants Market Segmentation

Grand View Research has segmented the global biostimulants market report based on active ingredients, crop type, application, and region:

Biostimulants Market - Active Ingredients - Outlook (Volume, Million Hectare; Revenue, USD Million, 2018 - 2030)

Biostimulants Market - Crop Type Outlook (Volume, Million Hectare; Revenue, USD Million, 2018 - 2030)

Biostimulants Market - Application Outlook (Volume, Million Hectare; Revenue, USD Million, 2018 - 2030)

Biostimulants Market - Regional Outlook (Volume, Million Hectare; Revenue, USD Million, 2018 - 2030)

List of Key Players in Biostimulants Market

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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