Agricultural Bio-stimulants Market By Ingredients, By Type, By Geography – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2019 – 2026

The Global Agricultural Biostimulants Market was valued at USD 3.2 billion in 2018, and is projected to exhibit healthy CAGR of 12.0% during 2020-2026. The factors driving the market growth include increasing adoption of organic farming, awareness towards benefits associated with biostimulants and diseases associated with pesticides and rising demand for nutritional food.

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Plant biostimulants are classified in accordance with herbicides, insecticides and fungicides. This is a relatively novel technique to supplement the plant growth and enhance the quality and crop yield particularly under unfavorable environment and growth conditions. Therefore, the role of biostimulants is to strengthen the plant’s life processes and augment the resistance to stress. Technically, biostimulants are seen as contributors to seed germination and stimulating plant’s biological activity. These products are considered safe from environment perspective and also helps in sustaining a high-output crop production. Hence, the use of biostimulants helps in minimizing the proportion of chemicals used in plant protection.

Some of the market trends for Agricultural biostimulants market are analysed as advancements in the manufacture process, extensive use in the Agricultural as well as food industry and high end research and development activities. The global market for biostimulants is expected to rise resulting out of R&D activities. Therefore, target markets in the near future are likely to be based upon imbalances in the global nutrient products.

Agricultural Biostimulants Market Trends, Drivers and Opportunities:

The market is significantly driven by technological advancements by key players and increasing need for biostimulants in the near future. In addition, the market is subject to witness a huge growth in terms of demand for natural fertilizers that enhances crop growth and results in a high yield per hectare. Government norms and regulations for use of Agricultural commodities is helping the market gain a traction in terms of regulatory approvals on periodical basis. However, stringent norms and regulations in several countries are confining the market growth.