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Biostimulants Market 2022 Analysis Of Key Trends, Industry Dynamics And Future Growth 2030 With Top Countries Data

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Biostimulants, which are administered to plants to improve their traits and increase yield, might be chemicals or microorganisms. Due to rising knowledge of the negative, long-term effects of synthetic chemicals used for plant development, demand for the product is expanding along with the population. As a result, the market expansion, particularly in APAC, is being positively impacted by the rising demand for organic and natural goods.

Biostimulants market is presently worth USD 3.08 billion and is poised to amplify at a CAGR of 10.4% over 2022-2030, thereby amassing a valuation of USD 6.79 billion by end of the forecast period.

Market overview:

The immediate or short-term goal of producers in the biostimulants market is to manage stocks and flows with a high degree of flexibility to strengthen resilience against the pandemic's obstacles. They are concentrating on critical uses such producing agricultural biostimulants to grow fruits, vegetables, cereals, and grains, among others, as well as oilseeds and pulses. To respond to probable future developments, businesses are developing mid- and long-term company strategies.

The use of biostimulants to promote plant growth is becoming more popular. Since agricultural biostimulants aid in amplifying root biomass, nutrient uptake, and enzymatic activities, businesses in the biostimulants market are expanding their production capacities. Biostimulants that are abundant in minerals, plant hormones, amino acids, and similar substances are becoming more widely available thanks to manufacturers.

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Biostimulants Market: Segmental Assessment

By Active Ingredient:

  • Acid Based
  • Extract Based
  • Others

By Application:

  • Foliar Treatment
  • Soil Treatment
  • Seed Treatment

By Crop:

  • Row Crops
  • Turf & Ornamentals
  • Fruit & Vegetables
  • Others

By Form:

  • Dry
  • Liquid

Prominent Key Players:

Biolchim S.p.A, Biovert SL, BASF SE, Bayer S.p.A., Arysta LifeScience Corporation, ILSA S.p.A., Italpollina S.p.A., Koppert B.V., Lallemand, Trade Corporation International, Valagro, Desarrollo Agrícola y Minero, S.A., Artal Agronutrientes, Mahafeed Specialty Fertilizers Pvt. Ltd., Agrinos, Micromix, Biostadt India Limited, AGRICHEM, S.A., Agricultural Sciences, Inc., Produquimica (Compass Minerals), , Stoller, BioAg, General Hydroponics Inc., Ag Concepts, Nutrien, and Nutri-Tech Solutions Pty Ltd.

COVID-19 Impact:

The present COVID-19 epidemic had an impact on the agriculture sector's use of biostimulants, which aid in plant growth and are one of the market's hottest goods that boost crop and food production. Additionally, the COVID-19 led to production facilities closing, a decrease in farmer demand, and limits on workers' freedom of movement. The industry also experienced acute labour shortages as a result of frequent lockdowns that disrupted trade and output. The profitability of biostimulant manufacturers and vendors was under pressure in the first few months of 2020 due to a fall in sales and decreased demand from a few key regions.

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