The global biostimulants market is estimated to be valued at USD 3.5 billion in 2022. It is projected to reach USD 6.2 billion by 2027, recording a CAGR of 11.8 %

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in the planned period. The biostimulants market is expected to grow at an exponential rate due to factors such as rising demand for sustainable farming practices, increasing world hunger, favorable government regulations, increasing demand for high-value crops, and rising number of plants. investments of the main players in this market.

New York, Jan. 13, 2023 (GLOBE NEWSWIRE) — “Biostimulants Market by Active Ingredient, Mode of Application, Form, Crop Type and Region – Global Forecast to 2027” by Reportlinker.com – https://www.reportlinker.com/p05773306 /?utm_source=GNW
Biostimulants can be applied in a number of ways, of which foliar spray is the most widely accepted form of application worldwide. However, the nanoencapsulation technology and application advantages associated with seed treatment are gaining importance in recent times for biostimulants worldwide.
Conventional agriculture has been widely criticized for the loss of biodiversity, increased soil erosion and water pollution, due to the rampant use of synthetic fertilizers and pesticides. Organic farming is a very sustainable alternative in terms of food production.

The absence of pesticides and a wider variety of plants improves biodiversity, improves soil quality, and reduces pollution from fertilizer or pesticide runoff. Some of the main recipients of organic farming are Australia, Argentina, China and Spain.

To produce organic food products, different methods of selection of pest-resistant varieties are adopted, proper rotation, green manure, balanced fertilization, use of humic biostimulants, early planting, mulching, cultural, mechanical and biological control measures and pest disturbance. life cycles form the basis of pest management programs used in organic farming. Biostimulants find important use in the organic farming revolution.

Key players in the biostimulants market are BASF SE (Germany), UPL (India), Valagro SpA (Italy), Gowan Group (USA), FMC Corporation (USA), ILSA SpA (Italy), Rallis India Limited (India), Haifa. Group (Israel), Adama Ltd. (Israel), Biovert-Manvert (Spain), Koppert (Netherlands), Trade Corporation International (Spain) and AgriTecno (Spain).

Europe is estimated to hold the largest share in 2021, with a CAGR of 11.5%.
According to the European Environment Agency, the agricultural sector occupies a large part of the land in Europe. Small farms characterize Europe with strengthened agricultural systems and various crops.

The region’s strong agricultural sector is one of the major consumers of biostimulants.

Major players in the European biostimulants market are BASF SE (Germany), Valagro SpA (Italy), Biovert SL (Spain), Koppert Biological Systems (Netherlands), Tradecorp International (Spain), and AgriTecno (Spain). European markets have a basic or minimal regulatory framework for biostimulant products. For this reason, many start-ups are emerging in the market, especially in Spain and Italy. However, according to a first view, the region will soon establish an appropriate regulatory framework to ensure that the best products are offered in the markets.

According to many industry experts, the uptake of biostimulants is quite high in Spain. As a result, the country dominates the European market for biostimulants.

The country also has many biostimulant manufacturers, including players based in Spain. For example, Atlantica, Biovert and Daymsa are based in Spain, and Isagro, Valagaro, Tradecorp and Koppert have a presence through their subsidiaries.

On the other hand, the German biostimulant market has great potential, as its government is focusing on increasing organic products in the country along with increasing the share of organic farming area in total agricultural land.

Asia Pacific is expected to grow by 12.5% ​​during the forecast period.
The agricultural industry in Asia, particularly in Southeast Asian countries, has undergone an effective transformation due to various technological advances. This has led to the adoption of intensive agricultural practices and reduced soil nutrient levels.

Agricultural authorities in several Asian countries have recommended the use of inoculants and biostimulants for soil revitalization. Biostimulants improve the physiological activities of the seed to achieve early emergence and optimal crop development under various climatic and agronomic conditions of the region.
In the coming years, farmers will face more difficulties in terms of environmental degradation and climate change if they are not aware of the importance of using these products that can significantly contribute to sustainable agricultural practices. Key countries analyzed in this region include Australia, China, Japan, Indonesia and India.

These countries use biostimulants for important agricultural products such as cotton, sugarcane, fruits and vegetables, and cereals.

Biostimulants are being used to improve the yield and quality of fruits and vegetables
The continuous growth in the production of fruits and vegetables is expected to strengthen the demand for biostimulants. In a COVID-19 situation, agricultural economies such as India, Bangladesh and Vietnam, where agriculture accounts for around 12-16% of GDP, have been the most affected.

The agricultural commodity market highlighted the lags between the trading and physical delivery prices of agricultural products. To mitigate agricultural risks, governments have launched relief plans and packages for the benefit of small farmers.

With many global markets reopening, the sector is quickly resuming production.

Primary Education distribution:
• According to the value chain: Demand – 41%, Supply – 59%
• By appointment: Directors – 24%, CXO – 31%, and Directors – 45.0%.
• By region: Europe – 29%, Asia Pacific – 32%, North America – 24%, Row – 15%

Key players profiled in this report:
• BASF SE (Germany)
• UPL (India)
• Valagro SpA (Italy)
• Gowan Group (USA)
• FMC Corporation (USA)
• ILSA SpA (Italy)
• Rallis India Limited (India)
• Haifa team (Israel)
• Adama Ltd. (Israel)
• Biovert SL (Spain)
• Koppert Biological Systems (Netherlands)
• Tradecorp International (Spain)
• AgriTecno (Spain)
• Axeb Biotech SL (Spain)
• MAFA Bioscience, SA (Spain)
• LawrieCo (Australia)
• Devi Cropscience (India)
• Bioflora (USA)
• AgriCen (USA)
• Omnia Specialties Pty (Australia)
• Kelp Products International (South Africa)
• Afrikelp (South Africa)
• AminoCore (Germany)
• Aphea.Bio (Belgium)
• South Agro (Italy)

Research Coverage:
The report segments the biostimulants market based on active ingredient application, formulation, crop type, and region. In terms of insights, this report has focused on different levels of analysis: competitive landscape, end-use analysis, and company profiles, which gather and discuss insights into the high-growth, high-growth segments of the biostimulants market. regions, countries, government initiatives, drivers, constraints, opportunities and challenges.

Reasons to buy this report:
• To get an overview of the Biostimulants market
• To gain comprehensive information about the key players in this industry, their product portfolios and the key strategies adopted by them.
• To gain insight into key countries/regions where the Biostimulants market is growing
Read the full report: https://www.reportlinker.com/p05773306/?utm_source=GNW

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