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The biostimulants market has experienced rapid growth, with its size expanding from $3.14 billion in 2023 to $3.47 billion in 2024, demonstrating a compound annual growth rate (CAGR) of 10.4%. The historic period’s growth is attributed to the escalating need for sustainable agriculture, a growing demand for organic products, advancements in research, and government initiatives providing regulatory support. The market is poised for continued expansion, with a projected size of $5.25 billion in 2028 and a CAGR of 10.9%. Factors driving this growth in the forecast period include climate-adaptive agriculture, a consumer shift towards healthier and sustainable food and beverages, increasing demand for high-value crops, and the global need for elevated food production. Key trends involve a focus on customized crop solutions, launching synergistic combinations for optimized crop productivity, leveraging nanotechnology for enhanced biostimulant compounds, offering sustainable crop yield enhancement, and emphasizing cross-sector collaborations.

The growth of sustainable agriculture is anticipated to be a key driver for the biostimulant market. As concerns over factors like soil degradation, water scarcity, and climate change rise, there is a heightened focus on sustainable agriculture practices. In sustainable agriculture, the use of artificial products like fertilizers and pesticides is restricted due to their adverse effects on soil and the environment. Biostimulants enhance the plants’ ability to absorb nutrients and cope with biotic stress. The United Nations’ sustainable development goals for 2030 emphasize sustainable agriculture. Biostimulants play a crucial role in growing crops free of pesticides and fertilizers, especially under challenging conditions, supporting sustainable agriculture and propelling the biostimulant market.

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What Are The Key Trends That Influence Biostimulants Market Share Analysis?

The biostimulant market is experiencing innovation as companies seek to meet customer demands and outperform competitors. Start-ups are particularly active in introducing new products. For example, in June 2022, a Spanish provider introduced Biimore, a novel biostimulant made from a unique plant fermentation process involving L-α amino acids, vitamins, sugars, and other natural compounds. This biostimulant enhances yield and harvest quality at ultra-low doses. Additionally, in September 2022, Evonik Industries, a German specialty chemicals company, began developing a biostimulant that reduces fertilizer use by half while maintaining 93% of the yields, with a planned launch between 2025 and 2027.

Which Market Players Are Driving Growth In The Biostimulants Market?

Major companies operating in the biostimulants market report are Bayer AG, UPL, Adama Ltd, Syngenta, Novozymes A/S, Haifa Group, American Vanguard Corporation, Lallemand, Inc, FMC Corporation, BioAg Pty Ltd., Nutri-Tech Solutions, EcoCatalysts, T.Stanes & Company Limited, Qingdao Seawin Biotech Group Co., Ltd., Evergreen Biotech Inc., Jiangsu Baoze Agrochemical Co., Ltd, Beijing Multigrass Formulation Co., Ltd, AminoA Biostimulants, Valagro, Sapec Agro Business, Levington Agriculture, Plantworks Ltd., Koppert Biological Systems Inc., COMPO Expert GmbH, Agricol, Schelkovo Agrohim, BioWorks Inc, MicroSintesis, BioFert Manufacturing Inc., Plant Products, Acadian Seaplants, Valent BioSciences Corporation, Advanced Biological Marketing (ABM), Verdesian Life Sciences, Sound Agriculture, Agroenzymas, Stoller, BioCeres, Aminoagro, Microquimica, Ecolibrium Biologicals, Solum Brasil, Emirates Biotech Pharmaceutical Factory LLC, Agri Life Gulf, Bioriginal Africa, Omnia Group.

How Is The Global Biostimulants Market Segmented?

The biostimulants market covered in this report is segmented –

1) By Chemical Origin: Natural Biostimulants: Biosynthetic Biostimulants
2) By Active Ingredient: Humic Acid, Fulvic Acid, Amino Acids, Protein Hydrolysates, Seaweed Extracts, Other Active Ingredients
3) By Category: Application: Foliar, Soil, Seed

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The Biostimulants Global Market Report 2024 provides an overview of the biostimulantsmarket 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 and their market positions.

The Table Of Content For The Biostimulants Market Include

1. Biostimulants Market Executive Summary
2. Biostimulants Market Segments
3. Biostimulants Market Size And Template Market Growth Rate
4.  Key Biostimulants Market Trends
5. Major Biostimulants Market Drivers
……
25. Key Mergers And Acquisitions In The Biostimulants Market
26. Top Biostimulants Companies
27. Biostimulants Market Opportunities And Strategies
28. Biostimulants Market, Conclusions And Recommendations
29. Appendix

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