The global is expected to reach USD 6.98 billion by 2026, according to a new report by Reports and Data. Growing shift towards adoption of organic farming is a major factor affecting market demand. Globally, countries have started realizing the need for a better plant nutrition and thus are shifting towards biostimulant for plant growth and nutrient absorption.
Government regulations to promote adoption of agricultural biostimulants are also a key factor influencing market demand. For instance: Recently, the Trump government passed the Farm Bill. Through the bill, the government has included plant biostimulant as an emerging technology for agriculture. The government promotes the adoption of biostimulant for enhancing nutrient uptake, nutrient efficiency, tolerance to abiotic stress, or crop quality and yield.
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Major Players Of This Market –
Agrinos AS, Italpollina SpA, Acadian Seaplants Ltd (ASL), Novozymes, Isagro S.p.A, Valagro, Syngenta, FMC Corporation, BASF, Monsanto Company and Arysta Life Science. BASF is a key player in the agricultural biostimulants market. With a global presence in America, Europe, MEA and Asia Pacific, the company offers a wide range of agricultural biostimulants such as AgCelence and Abate Larvicides among others..
Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented global agricultural biostimulants market on the basis of type, application and region:
Type Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Million; 2018-2026)
Application Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Million; 2018-2026)
Regional Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Million; 2018-2026)
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/agriculture-biostimulants-market
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