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Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Plant Biostimulants market. Market segmentation includes Active Ingredient (Amino Acid, Humic Acid, Fulvic Acid, Seaweed Extracts, Protein Hydrolysates and Other Active Ingredients) and Crop Type (Row Crops & Cereals, Turf & Ornamentals, Fruits & Vegetables and Other Crop Types and Application (Foliar, Soil and Seed)

Find Out More About Regions, Brands, Dominant, Active & Niche Companies Covered in the Report

24 November 5:55 a.m., Silicon Valley, California - According to the new market research report, the global market for Plant Biostimulants is projected to grow at a CAGR of 10.2% reach US$4.5 billion by 2027, driven by growing need to enhance crop yield, and increasing focus on sustainability in agriculture. The global plant biostimulants market continues to maintain its dynamism amid the COVID-19 pandemic as food remains a critical commodity for people. Like fertilizer providers, majority of biostimulant companies remain operational, even in regions with stringent restrictions, owing to essential nature of the business. Biostimulants market, though small, represents one of the rapidly growing market segments in the larger agro-chemical industry. The market growth is also attributed to growing interest in R&D of biostimulants, increasing realization about various advantages of microbial products, seaweed extracts and fulvic/humic acids. From horticulture that had traditionally been the pioneering application, biostimulants are now being increasingly used in agriculture crops. Besides, even conventional production methods are seeing the inclusion of biostimulants that were once largely restricted to organic production methods.
Plant biostimulants are gaining increasing acceptance among farmers globally due to their numerous benefits in terms of soil health and crop yield. These products are expected to play a pivotal role in making the agricultural value chain more profitable and efficient. However, the market is yet to attain its true potential owing to several challenges such as unclear definition, inadequate awareness and regulatory issues.

The global biostimulant market is led by the foliar application, accounting for a major share of the market. Regionally, Europe and the US represent the major and well-developed markets for biostimulants. Future growth of biostimulants market is anticipated to be further propelled by rising concerns over climate change, limited arable land and increasing population. Rapidly changing climatic conditions on account of global warming and the need to provide sustainably grown food to the growing world population are forecast to carve out a bright future for biostimulants across markets worldwide. Going forward, Biostimulants are expected to continue witnessing efficiency improvements, which coupled with their wider availability, are likely to contribute significantly to adoption of sustainable agricultural practices. A key factor that would support growth is the shifting focus of the agricultural industry towards enhancing crop production from crop protection. The growing emphasis on yield increase is driven by underlying need for feeding the growing world population. Growing demand for biofuels is also placing increased pressure on growers to apportion a sizeable share of the land in growing crops for the world's energy needs in addition to providing food. The market is expected to be significantly influenced by rising investment by manufacturers in product innovation. Companies are not only combining conventional nutrition products with biostimulants, but also offering technological services to deliver added value to growers.

Research Methodology
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. The views, opinions and findings presented are based on validated engagements from a total executive pool size of 494. Among this pool, 99 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 22 unique participations, a total of 11 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.

Key Competitors Covered in the Report -
BASF SE
Eastman Chemical Company
Novozymes A/S
Lallemand, Inc.
Yara International ASA
Borregaard Lignotech
Adama Agricultural Solutions Ltd.
Alltech, Inc.
BioWorks, Inc.
Isagro SpA
Verdesian Life Sciences
Plant Health Care, Inc.

Segments Covered in the Report -
Active Ingredient (Amino Acid, Humic Acid, Fulvic Acid, Seaweed Extracts, Protein Hydrolysates, Other Active Ingredients)
Crop Type (Row Crops & Cereals, Turf & Ornamentals, Fruits & Vegetables, Other Crop Types)
Application (Foliar, Soil, Seed)

Geographies Analyzed in the Report -
World
USA
Canada
Japan
China
Europe
France
Germany
Italy
UK
Spain
Rest of Europe
Asia-Pacific
Latin America
Argentina
Brazil
Colombia
Mexico
Rest of Latin America
Rest of World.

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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.

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