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Biostimulant Market Size, Share | Industry Report

The global biostimulant market was valued at $2,572.60 million in 2020, and is projected to reach $8,004.10 million by 2031, growing at a CAGR of 10% from 2022 to 2031.

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Biostimulant Market Size, Share | Industry Report

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  1. Biostimulant Biostimulant Market Marketto Hit $8.0 to Hit $8.0 Billion by 2031 Billion by 2031 | | CAGR 10% CAGR 10% Global Opportunity Analysis and Industry Forecast, 2020-2031

  2. Biostimulant BiostimulantMarket Overview: Market Overview: • According to a new report published by Allied Market Research, titled, “Biostimulant Market," The biostimulant market was valued at $2,572.60 million in 2020, and is estimated to reach $8,004.10 million by 2031, growing at a CAGR of 10% from 2022 to 2031. • Biostimulants are naturally derived fertilizer additives used to enhance plant growth and productivity. These products also contribute toward the nutritional enhancement of agricultural products. Acid and extract-based biostimulants are the major types of biostimulants available in the market. Acid-based biostimulants include humic acid, fulvic acid, and amino acid, whereas seaweed extracts and other plant extracts are considered under plant extracts. Various regulations are imposed on the use of biostimulants by regulatory bodies.An increase in demand for high crop yields and quality, and a focus on sustainable agriculture to protect the environment drive the growth of biostimulant products. However, a lack of education and awareness among farmers about the benefits of using biostimulant in agricultural activities is expected to impede the biostimulant market growth shortly. • Request Sample Report:

  3. COVID COVID- -19 Impact 19 Impact The COVID-19 pandemic disrupted the food & beverage industry all across the globe. COVID-19 resulted in labor mobility restrictions, closure of production facilities, and a drop in the demand for the products has hindered the market growth. The sector also faced acute labor shortages as a result of recurrent lockdowns that disrupted manufacturing and trade operations. The decline in revenue in the first few months of 2020, along with decreased demand from a few important sectors, has put pressure on the profitability of biostimulant producers and suppliers. The vaccination drive and lockdown practices to limit the spread of the virus globally are likely to aid the biostimulant market growth

  4. BASF SE BiolchimS.p.A. Biostadt India Limited Biovert S.L. Hello Nature Key Players Key Players IsagroS.p.A. Koppert B.V. Lallemand, Inc. Novozymes A/S Valagro

  5. KEY FINDINGS OF THE STUDY KEY FINDINGS OF THE STUDY • On the basis of biostimulantmarket analysis for region, Europe accounted for the largest biostimulantmarket share, registering a significant CAGR from 2022 to 2031, followed by North America. • On the basis of biostimulantmarket trends in 2021, the row crops & cereals crop type segment accounted for approximately 65% share, in terms of value, and is expected to grow at the highest rate. • North America is anticipated to grow at the highest CAGR of 9.8% from 2022 to 2031 in the biostimulantmarket forecast period. • In 2021, the U.S. generated the highest revenue, accounting for approximately 20% share of the biostimulantindustry. • Brazil biostimulantmarket size is anticipated to grow at a significant CAGR of 10.2% during the forecast period.

  6. Biostimulant Market Report Highlights Biostimulant Market Report Highlights •Acid-Based •Extract-Based •Others By Product Type •Row Crops And Cereals •Fruits And Vegetables •Turf And Ornamentals •Other Crops By Crop Type •Foliar Spray •Soil •Seed By Application

  7. Asia-Pacific • China • Japan • India • South Korea • Australia • Rest Of Asia-Pacific North America • U.S. • Canada • Mexico By Region By Region Europe • UK • Italy • Germany • France • Spain • Rest Of Europe LAMEA • Brazil • Argentina • Turkey • South Africa • Rest of LAMEA

  8. Contact Us: • David Correa • 5933 NE Win Sivers Drive • #205, Portland, OR 97220 • United States • USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022 • UK: +44-845-528-1300 • Hong Kong: +852-301-84916 • India (Pune): +91-20-66346060 • Fax: +1(855)550-5975 • help@alliedmarketresearch.com • Web: https://www.alliedmarketresearch.com/reports-store/food-and-beverages • Follow Us on Blog: https://www.dailyreportsworld.com/

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