The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

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

The global biostimulants market is expected to grow from $2.79 billion in 2022 to $3.01 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The global biostimulants market size is expected to grow from $4.09 billion in 2027 at a CAGR of 8.0%.

Get A Free Sample On The Global Biostimulants Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2516&type=smp

Global Biostimulants Market Segments Include:

• By Chemical Origin: Natural, Biosynthetic Biostimulants
• By Active Ingredient: Humic Acid, Fulvic Acid, Amino Acids, Protein Hydrolysates, Seaweed Extracts, Other Active Ingredients
• By Application: Foliar, Soil, Seed, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global biostimulants market in 2021.

Major Market Players in the biostimulants market include BASF, Bayer CropScience, Novozymes A/S, Koppert Biological Systems, Verdesian Life Sciences, Lallemand Plant Care.

Companies in the biostimulant market are coming up with innovative products to meet the demand and requirements of the customers and have an edge over their competitors. Mostly, start-ups are entering the market with new products. For example, in June 2022, a Spanish provider of biostimulation and sustainable crop nutrition introduced Biimore, an innovative biostimulant globally. It is made from specific and sustainable plant fermentation process from a combination of L-a amino acids, vitamins, sugars and traces of other natural compounds that are not found in any other biostimulant on the market. It improves yield and harvest quality parameters at ultra-low doses. In addition, in September 2022, Evonik Industries, a German specialty chemicals company commenced the development of an innovative biostimulant that reduces fertilizer use by half and keeps 93% of the yields. This is expected to be launched during 2025-2027.

The Biostimulants Global Market Report 2023 provides a biostimulants market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The biostimulants market forecast analyzes biostimulants market size, biostimulants market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Biostimulants are substances or microorganisms that enhance plant growth when applied in small amounts by increasing the nutrient absorbency rate of plants without any adverse effect on the plants. It improves plant tolerance to biotic stress while also increasing crop productivity.

Explore Similar Reports From The Business Research Company:

Biofertilizers Global Market Report 2022

Humic Based Biostimulants Global Market Report 2022

AgroScience Global Market Report 2022

Learn More About The Business Research Company

The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 8897263534

Americas: +1 315 623 0293

Email: info@tbrc.info

Follow us on LinkedIn:  https://in.linkedin.com/company/the-business-research-company

Follow us on Twitter:  https://twitter.com/tbrc_info

Check out our Global Market Model:  https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: