Biostimulants Market Size – Industry Share Report 2022

biostimulants market

The global biostimulants market was valued at $1,476.1 million in 2015, and it is expected to grow at a CAGR of 11.2% during 2016 - 2022. The major factors driving the growth of the market globally include growing population of middle-class consumers, growing interest in sustainability, ability of biostimulants to improve produce quality, new innovative products, improved knowledge of farmers; and increased promotion of biostimulants.

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Based on active ingredient, the global biostimulants market has been segmented into Humic, Fulvic, Seawood Extracts, Amino Acid, Vitamins, and Others. The seawood extracts segment accounted for the largest market share among the other active ingredients in the global biostimulants market in 2015.

The major factors driving the growth in consumption of the seawood extracts segments include demand for acid-based biostimulants, easy availability of raw materials and higher efficiency.
In 2015, Europe held the largest share in the global biostimulants market with 34.5% share in terms of area of application. The growing consumer’s interest towards usage of eco-friendly products and increasing food demand, putting pressure on land for enhancing the yield per hectare is promoting the growth of the biostimulants market in the region.

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Some of the major competitors in the global biostimulants market include Micromix Plant Health Limited, Acadian Seaplants Limited, Omex Agrifluids Ltd., Valagro S.p.A, The Dow Chemical Company, BASF SE, Trade Corporation International, Isagro S.p.A., Koppert B.V., Platform Specialty Products Corporation, and Others.

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