Biostimulant is an organic material which, when applied in small amounts, enhances plant growth and development such that the response cannot be attributed to the application of traditional plant nutrients. Biostimulants are a mixture of seaweed extracts, microorganisms, trace elements, enzymes, and plant hormones. They may increase antioxidants, increase water-holding capacity, nutrient availability, enhance metabolism, and increase chlorophyll production of the plants.
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By geography, Asia Pacific is projected to hold the largest market share, due to the agriculture industry in Asia, particularly in the Southeast Asian countries, has witnessed effective transformation due to various technological advancements. The rise in the adoption of quality agriculture products by Asian producers is also expected to contribute to the biostimulants market growth.
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Some of the key players profiled in the Biostimulants Market include Valagro SpA, Syngenta, Novozymes, Koppert B.V., Italpollina SpA, Isagro, Biostadt India Ltd., Biolchim SpA., Bayer, BASF SE, Agrinos AS, and Adama LTD.
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