Biostimulants Market Size to Grow USD 203 Million by 2028 at a CAGR of 5.5% | Valuates Reports

Major Factors Driving the Growth of the the Biostimulants Market Report:

The Biostimulants market is growing due to the increase in demand for the product from many end-use industries, including seed, soil, and foliar treatment. Organic fertilizers called biostimulants are used to nourish agricultural products and to encourage plant growth and production. The substance encourages plant growth and development from seed germination to plant maturity. These fertilizers increase soil fertility by promoting the development of interdependent soil microorganisms that help with the nutrient transfer, assimilation, and utilization.

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TRENDS INFLUENCING THE GROWTH OF BIOSTIMULANTS MARKET 

The government has increased agricultural production of superior goods with little to no pollution due to rising agricultural emissions. Governments all around the world are beginning initiatives to inform farmers about the many advantages of bio-based agricultural solutions. In the upcoming years, market growth is expected to be greatly aided by these governmental initiatives. Additionally, a number of regulatory bodies and councils have been established to promote and aid in a favorable business environment for the sector. Around the world, there are more associations emerging to regulate this unique product, which is expected to be good for the Biostimulants market expansion.

Food security and public health are inextricably intertwined, and efforts have been made to ensure sustainable food production by all parties involved in the agri-food sector. The biggest phytopharmaceutical firms in the Asia Pacific and Europe have increased their efforts in natural product R&D and production. In order to increase the vigor of the plants, improve their ability to withstand harsh climatic conditions, and increase their resilience, gardeners are increasingly moving their preferences toward plant growth promoters. Thus, crop protection goods and yield boosters derived from natural sources are emerging as the foundation of agriculture, enabling the availability and market access to biostimulants and boosting the market for these products as a whole. This factor is expected to drive the growth of the Biostimulants market

Plant growth and health can be enhanced by enhancing metabolism and encouraging growth. Additionally, supplying a catalyst at particular developmental stages might enhance crop quality overall while increasing yield and uniformity. Generally speaking, biostimulants work through different processes than conventional fertilizers and offer vital nutrients for plant metabolism that promote plant growth. These metabolic pathways stimulate the expression of genes that can affect cell size and division, root and shoot development, and the timing of reproduction. This factor is expected to drive the growth of the Biostimulants market.

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BIOSTIMULANTS MARKET SHARE

Biostimulants are a fragmented market with several companies in the APAC region. Leading companies in the APAC region include Angel Yeast, Biostadt, Fengdan Baili, Leili, and Biotech International, with a combined sales market share of around 40% in 2019.

Other significant players from China and India are IPL Biologicals, Humikey, Kanbiosys, Guangzhou Sgy Agricultural Science, and Dhanuka.

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-  Agricultural Machinery market size is projected to reach USD 213610 Million by 2026, from USD 152660 Million in 2019, at a CAGR of 4.9% during 2021-2026.

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