Biostimulants Market Size, What Everyone Must Know About in 2020? Recipe

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The global biostimulants market size is likely to reach USD 5.69 Billion by 2026, while exhibiting a promising CAGR of 12.4% between 2019 and 2026. This is ascribable to factors such as increasing demand for organic food products across the globe. Fortune Business Insights, in its latest report, titled “Biostimulants Market Size, Share and Industry Analysis By Source (Microbial and Non-microbial), By Active Ingredients (Seaweed Extracts, Humic Substances, Vitamins & Amino Acids, Microbial Amendments, and Others), By Application (Foliar Treatment, Soil Treatment, and Seed Treatment), By Crop (Row Crops, Fruits & Vegetables, Turf & Ornamentals), and Regional Forecast 2019-2026.”, further mentions that the market was worth USD 2.24 Billion in 2018.
Biostimulants are vital agricultural products that are used to enhance the quality of plants by promoting growth and nutrient content. They are extensively used to improve abiotic stress tolerance capacity among the plants that results in higher yields of better quality crops. In addition to this, there are organic biostimulants such as enzymes, plant hormones, sea kelp, sugars, vitamins, and fish emulsions, among others that help to stimulate growth and preferred by farmers across the globe. For instance, there are plant hormones such as gibbberellins and auxins that aid dense plant growth when applied to shrubs and trees.
Driver and Restraints:
Increasing Demand for Organic Food Products to Promote Growth
Increasing awareness among the population to consumers healthy and nutritious diet is propelling the demand for organic food products. Additionally, organic food products contain high nutritional value owing to the presence of high vitamin and minerals beneficial for healthy body. High demand for quality crops and increasing adoption of organic fertilizers is expected to drive the growth of the market during the projected horizon. Furthermore, favourable government policies and support to produce good quality agricultural products will positively affect the market growth in the forthcoming years. Moreover, organic products being safe and healthier, the extensive use of organic biostimulants to enhance plant growth will aid the market growth.
Regional Analysis:
Increasing Government Support in Europe to Drive the Market
Among the regions, Europe is anticipated to rise exponentially and hold largest global biostimulants market revenue during the forecast period. This is ascribable to growing government support to promote adoption of sustainable farming. Furthermore, presence of the European Biostimulant Industry Council (EBIC) that promotes adoption of biostimulants in Europe will favor market growth in the forthcoming years. North America, on the other hand, is expected to witness significant growth owing to stringent regulations regarding the adoption of fertilizers and high demand for organic food products among the population.
The market in Asia-Pacific is likely to gain momentum during the projected horizon. This is attributable to increasing adoption of sustainable farming in countries such as India, and China. Furthermore, rising impetus on producing quality crops in the region will bode well for the market growth between 2019 and 2026.

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  • The global biostimulants market size is likely to reach USD 5.69 Billion by 2026, while exhibiting a promising CAGR of 12.4% between 2019 and 2026. This is ascribable to factors such as increasing demand for organic food products across the globe. Fortune Business Insights, in its latest report, titled “Biostimulants Market Size, Share and Industry Analysis By Source (Microbial and Non-microbial), By Active Ingredients (Seaweed Extracts, Humic Substances, Vitamins & Amino Acids, Microbial Amendments, and Others), By Application (Foliar Treatment, Soil Treatment, and Seed Treatment), By Crop (Row Crops, Fruits & Vegetables, Turf & Ornamentals), and Regional Forecast 2019-2026.”, further mentions that the market was worth USD 2.24 Billion in 2018.
  • Biostimulants are vital agricultural products that are used to enhance the quality of plants by promoting growth and nutrient content. They are extensively used to improve abiotic stress tolerance capacity among the plants that results in higher yields of better quality crops. In addition to this, there are organic biostimulants such as enzymes, plant hormones, sea kelp, sugars, vitamins, and fish emulsions, among others that help to stimulate growth and preferred by farmers across the globe. For instance, there are plant hormones such as gibbberellins and auxins that aid dense plant growth when applied to shrubs and trees.
  • Driver and Restraints:
  • Increasing Demand for Organic Food Products to Promote Growth
  • Increasing awareness among the population to consumers healthy and nutritious diet is propelling the demand for organic food products. Additionally, organic food products contain high nutritional value owing to the presence of high vitamin and minerals beneficial for healthy body. High demand for quality crops and increasing adoption of organic fertilizers is expected to drive the growth of the market during the projected horizon. Furthermore, favourable government policies and support to produce good quality agricultural products will positively affect the market growth in the forthcoming years. Moreover, organic products being safe and healthier, the extensive use of organic biostimulants to enhance plant growth will aid the market growth.
  • Regional Analysis:
  • Increasing Government Support in Europe to Drive the Market
  • Among the regions, Europe is anticipated to rise exponentially and hold largest global biostimulants market revenue during the forecast period. This is ascribable to growing government support to promote adoption of sustainable farming. Furthermore, presence of the European Biostimulant Industry Council (EBIC) that promotes adoption of biostimulants in Europe will favor market growth in the forthcoming years. North America, on the other hand, is expected to witness significant growth owing to stringent regulations regarding the adoption of fertilizers and high demand for organic food products among the population.
  • The market in Asia-Pacific is likely to gain momentum during the projected horizon. This is attributable to increasing adoption of sustainable farming in countries such as India, and China. Furthermore, rising impetus on producing quality crops in the region will bode well for the market growth between 2019 and 2026.
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  1. The global biostimulants market size is likely to reach USD 5.69 Billion by 2026, while exhibiting a promising CAGR of 12.4% between 2019 and 2026. This is ascribable to factors such as increasing demand for organic food products across the globe. Fortune Business Insights, in its latest report, titled “Biostimulants Market Size, Share and Industry Analysis By Source (Microbial and Non-microbial), By Active Ingredients (Seaweed Extracts, Humic Substances, Vitamins & Amino Acids, Microbial Amendments, and Others), By Application (Foliar Treatment, Soil Treatment, and Seed Treatment), By Crop (Row Crops, Fruits & Vegetables, Turf & Ornamentals), and Regional Forecast 2019-2026.”, further mentions that the market was worth USD 2.24 Billion in 2018.

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