Global Biostimulants Market 2017-2022 - $3 Billion Opportunity Analysis and Industry Forecasts

The global biostimulants market will grow at a CAGR of 12.7% from 2017 to 2022 to reach USD 3,040.3 million by 2022, driven by the growing need to increase crop yield and quality, growing organic farming and demand for organic food, and wide range of benefits of biostimulants in crop production. Moreover, growing awareness about environmental safety with the use of biostimulants has further led the growth of biostimulants market globally. However, lack of education and awareness among farmers, and various challenges faced by new entrants and small players restraints the growth of biostimulants market. Also, unavailability of standardized regulatory framework for biostimulants and scientific & technical challenges for development of biostimulants challenges the growth of this market to some extent.

The global biostimulants market will grow at a CAGR of 12.7% from 2017 to 2022 to reach USD 3,040.3 million by 2022, driven by the growing need to increase crop yield and quality, growing organic farming and demand for organic food, and wide range of benefits of biostimulants in crop production.

Moreover, growing awareness about environmental safety with the use of biostimulants has further led the growth of biostimulants market globally. However, lack of education and awareness among farmers, and various challenges faced by new entrants and small players restraints the growth of biostimulants market. Also, unavailability of standardized regulatory framework for biostimulants and scientific & technical challenges for development of biostimulants challenges the growth of this market to some extent.

Europe holds the major share in the global biostimulants market, followed by North America, and Asia-Pacific region. The large share of this region is primarily attributed to the rising concern over harmful chemicals on environment, increasing demand for organic food, rapid development & innovation in biostimulants, and presence of large number of biostimulants providers.

However, Asia-Pacific region possesses lucrative growth potential for the biostimulants market and is expected to witness a fastest growth during the forecast period. This is mainly attributed to the large area under agriculture cultivation, rising need to increase the crop yield and quality, increasing demand for organic food, and various government initiatives to develop and increase application of biologicals in the region.

The leading companies have employed various strategies to expand their product offerings, global footprint, and augment their market share. The key strategies followed by most companies in the global biostimulants market were new product developments, acquisitions, and expansions.

Key questions answered in the report:

The key players in the global biostimulants market are

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