Navi Mumbai, India: With its recently published study “Biostimulants Market - Global Drivers, Restraints, Opportunities, Trends, and Forecast up to 2025”, Forecasts that the biostimulants market will continue to grow consistently henceforth, owing to the improved regulatory scenario, stabilized economic prospects, and increased demand from farmers. The farmers’ need for better yield in both quality and quantity will push the biostimulants market to a new high, especially with new clarity from regulatory. This growth pattern is expected to continue and increase the biostimulants market, pushing it to a value of $5.33 billion by 2025 at a CAGR of 11.6% during the forecast period 2019–2025.

The fruits & vegetables segment is expected to remain the leading crop segment utilizing biostimulants for better produce. High-performance requirements from fruits & vegetables are aptly served by the biostimulants, which are gaining the market grounds banking on increasing awareness among consumers. Further, increasing demand from other crop categories, including cereals & grains and pulses & oilseeds, is also expanding the usage of biostimulants across geographies. The consumer trend towards healthier produce has been one of the key factors driving the market for functionality improvement products of biostimulants.

The European region dominates the biostimulants market mostly due to better awareness among farmers, early support by local governments, and strong collaboration among suppliers and farmers. The regional market is expected to extend the lead with increased EU-wide regulation support for biostimulants, while Asia Pacific exceeds the US market to become the second-largest and fastest-growing market for biostimulants. The recognition of biostimulants in the US federal regulations has also been enabling the growth of the biostimulants industry in the region, while Canada and Mexico follow the trait.

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“The biostimulants market is still in its nascent stage and the coming 5–7 years will become the growth phase for the market. The segregated inclusion of biostimulants in fertilizers, excluding them from pesticides, will reduce the administrative expenses, while enabling companies to claim and publicize the apt benefits making these five years a golden period for the industry.”

Key Insights of the Report
The biostimulants market has been analyzed based on application mode
Foliar
Soil
Seeds

The biostimulants market has also been analyzed based on active ingredients
Amino Acid & Derivatives
Humic Acid & Fulvic Acid
Seaweed Extracts
Microbial Amendments
Others (such as Vitamins)

The biostimulants market has further been analyzed based on crops
Fruits & Vegetables
Cereals & Grains
Turf & Ornamental
Pulses & Oilseeds
Others
The biostimulants market has also been analyzed based on geography covering
Europe
North America
Asia Pacific
Latin America
Middle East & Africa

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