A rising focus on enhancing productivity, coupled with rapid soil degradation, is likely to drive the market over the forecast period. The market is primarily driven by the strong market demand for high-value crops across the globe and the increasing need to support crop growth due to abiotic stress, arising from changing climatic conditions. The Global Biostimulants Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
A biostimulant is a naturally generated additive or microbe that is administered to crops in order to improve nutrition efficiency, abiotic stress tolerance, and crop quality. Plants such as fruits and vegetables, oilseeds and pulses, cereals and grains, and turfs and ornamentals are all treated with biostimulants. Biostimulants can be applied to plants in a variety of ways, including foliar treatment, soil therapy, and seed treatment. Biostimulants are applied to visible above-ground sections of plants during foliar feeding and are regarded an important aspect of crop productivity, particularly for horticultural crops.
To improve the soil quality for agriculture, degraded soil is treated with biostimulants. Seed treatment tries to minimise disease growth caused by seed-borne fungus found within seeds while preserving the seed's viability and germination capabilities. Humic compounds, seaweed extracts, amino acids, microbial supplements, and other active components are employed in biostimulants. Biostimulants are a combination of plant hormones, microbes, trace elements, seaweed extracts, and enzymes that aid in crop productivity.
The market is largely driven by strong global market demand for high-value crops and the growing need to promote crop growth due to abiotic stress caused by changing climatic conditions. Furthermore, technological improvements by key companies in the majority of countries have resulted in a significant demand for biostimulant goods. A growing emphasis on increasing productivity, combined with rapid soil degradation, is expected to boost the market throughout the forecast period. The growing knowledge of the benefits of biostimulants, as well as their widespread application on many types of crops, has broadened the scope of growth in the biostimulant market.
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