Learn about the global biostimulants market through The Business Research Company, which provides information on biostimulants market size, biostimulants market drivers and restraints, biostimulants market players, the COVID-19 impact on the biostimulants market, and more.

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The global biostimulants market is expected grow from $2.36 billion in 2020 to $2.88 billion in 2021 at a compound annual growth rate (CAGR) of 22%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $4.82 billion in 2025 at a CAGR of 14%.

The growth of sustainable agriculture is expected to drive innovation in biostimulants manufacturing, thus driving the market during the forecast period.

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The biostimulants market consists of the sale of biostimulants and related services. Biostimulants are substances or microorganisms which enhance the plant growth when applied in small amounts by increasing the nutrient absorbency rate of the plants without any adverse effect on the plants. It helps the plant to tolerate abiotic stress and also increases crop productivity.

Global Biostimulants Market Segments Include:

By Chemical Origin: Natural, Biosynthetic Biostimulants

By Active Ingredient: Humic Acid, Fulvic Acid, Amino Acids, Protein Hydrolysates, Seaweed Extracts, Others

By Application: Foliar, Soil, Seed, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Companies in the biostimulants market are coming up with innovative products to meet the demand and requirement of the customers and have an edge over the competitors. Mainly, start-ups are entering the market with new products.

TBRC’s biostimulants market report covers:

Major Market Players: BASF, Bayer CropScience, Novozymes A/S, Koppert Biological Systems, Verdesian Life Sciences, Lallemand Plant Care, Valagro, Syngenta, Novozymes A/S, Valagro SpA, Isagro S.p.A., Agrinos, Biolchim SPA, Premier Tech Ltd., Agriculture Solutions Inc., West Coast Marine Bio-Processing, Corp., Italpollina S.p.A, Agricen, UPL, Koppert Biological Systems, Kelp Products International, Haifa Group.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Biostimulants Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides biostimulants market overviews, analyses and forecasts market size, share, biostimulants market players, biostimulants market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s biostimulants market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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