Press release
Biostimulants Market reach USD 3.08 billion in 2022, growing at a CAGR of 10.50% during the forecast period.
Our industry experts anticipate that within the biostimulants market, the humic substances is expected to be the largest active ingredients segment, growing at a CAGR ranging from 10% to 15% during the forecast period. In addition, the turf and ornamentals is anticipated to be the fastest-growing segmented based on crop types, growing at a CAGR ranging from 10% to 15% during the forecast period. Geographically, Europe is expected to be the fastest-growing region in the market, growing at a CAGR ranging from 10% to 15% by 2022.
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KEY PREMIUM INDUSTRY INSIGHTS
Growth in the demand for organic food products and the rising customer awareness about sustainable farming practices are the most important growth drivers for the biostimulants market.
Biostimulants decrease the reliance on the chemical fertilizers and plant growth supplements. Anecdotal evidence also suggests an improved product quality and taste profile after the use of biostimulants.
However, lack of evidence-based product trials, the high costs of commercial products, and the non-uniform regulatory environment have restrained the growth of the biostimulants market.
KEY MARKET PLAYERS
Key players in the biostimulants market include:
1. Arysta LifeScience Limited
2. Biolchim S.p.A.
3. Biostadt India Limited
4. Isagro S.p.A.
5. Italpollina S.p.A.
6. Lida Plant Research S.L.
7. Monsanto Company
8. Novozymes A/S
9. Syngenta AG
10. Valagro S.p.A.
Browse Report: https://www.scalarmarketresearch.com/market-reports/biostimulants-market
About Scalar Market Research
Scalar Market Research Inc. aspires to assist organizations from around the world to achieve their business goal with premium market research reports and consulting services. Our real-time industry tracking with the help of advanced analytics offers a crystal clear view of all the activities in niche markets. Our team, with thorough global understanding, works relentlessly to gather the necessary market insights, including customer analysis, competitions and global forecast.
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