Biostimulants Market Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

 

Biostimulants Market
Biostimulants Market

A bio stimulant is a combination of plant hormones, microorganisms, trace elements, seaweed extracts, and enzymes that are applied to crops to promote plant growth and development. Growing cultivator interest in including protein-rich regulators in regular farming practises, as a result of increased nutrition consciousness among growers, will drive the biostimulants market share.

With a rapidly growing population and diminishing arable land, it is critical to maximise agricultural output to meet the needs of billions. Farmers rely on chemical pesticides and fertilisers to revolutionise the agricultural sector. They do, however, have negative effects on the environment and pose an indirect threat to human health. This has resulted in a shift away from synthetic stimulants and toward biostimulants. Furthermore, key industry participants' innovations and technological advancements to improve performance and product functionality will encourage farmers to choose safer organic and eco-friendly agricultural products.

Humic acids' benefits, such as regulating soil pH and improving and optimising nutrient and water uptake by plants, are expected to drive segment growth. The product improves water retention and soil texture properties while also encouraging microbial activity in the soil, making it more fertile and productive.

Favorable schemes and initiatives undertaken by governments, manufacturers, and suppliers from various countries around the world to encourage organic and advanced farming activities should increase the value of the biostimulants market. Humic acid-based ingredients stimulate plant metabolism and seed germination. It is widely used in irrigation systems and gardening. Humic acid concentrations in farm crops increase productivity and water retention.

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