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Biostimulants Market Size
- Report ID: GMI1346
- Published Date: Mar 2023
- Report Format: PDF
Biostimulants Market Size
Biostimulants Market size was valued at USD 3 billion in 2022 and is projected to witness 10.5% CAGR from 2023 to 2032. Driven by strong dependency on the agricultural sector for food products.
The escalating necessity to improve the yield per hectare is primed to accelerate the market growth. Recent inclination towards healthy diets has boosted the uptake of plants and vegetables, which has favored product penetration in the agriculture sector. Moreover, the strong emphasis of companies on enhancing the performance of biostimulants to improve the shelf-life of food products has aided the expansion of the customer base
In addition, the soaring use of biostimulants to reduce abiotic stress is also fueling the biostimulants market demand. As external factors, including global warming, climatic scenarios, and land fertility, hinder the growth of plants, the demand for biostimulants has increased drastically.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Biostimulants Market Size in 2022: | 3 Billion (USD) |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 10.5% |
| 2032 Value Projection: | 9.5 Billion (USD) |
| Historical Data for: | 2018 to 2021 |
| No. of Pages: | 501 |
| Tables, Charts & Figures: | 480 |
| Segments covered: | Active Ingredients, Crop, Application and Form |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Biostimulants Market Scope
