The Global Biostimulants Market is likely to expand in the coming years due to product innovations in the market. According to a report by Fortune Business Insights, titled “Biostimulants Market Size, Share and Global Trend By Type (Humic & Fulvic Acid, Seaweed Extracts, Microbial Amendments, Trace Minerals, Vitamins & Amino Acids), Application Method (Soil Treatment, Foliar Spray, Seed Treatment), Formulation (Powder/Dry, Liquid), Crop Type (Cereals, Oilseeds, Fruits & Vegetables, Turf & Ornamentals) & Geography Forecast till 2026.”
The market is likely to gain traction in the coming years due to the increasing demand for environment-friendly and organic products in farming.
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Some of the Main Key Players Covered in the Report
- BioAg Pty Ltd
- Monsanto Company
- Arysta Lifescience
- Koppert Biological Systems
- Valagro Pacific
Biostimulants Market in India Holds Huge Potential
The biostimulants market in India is in the developing stage. Several new concepts have been introduced and people have only begun to explore the untapped potential in recent times. Owing to the high population in India, there is a soaring demand for sustainable agricultural products. Although a small percentage of the population is aware of the advantages of biostimulants, this factor has created growth opportunities for market entrants.
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Agriculture plays a massive role in the Indian economy and subsequently, the growing adoption of biostimulants in India will have a positive impact on the global market. In response to the massive potential in India, companies such as Syngenta are adopting attractive business strategies, with an inclination towards introducing low-cost products. The global biostimulants market is likely to grow in the coming years with an impetus from the growth of regional markets of the Asia Pacific and North America.
- Seaweed Extracts
- Humic Substances
- Vitamins & Amino Acids
- Microbial Amendments
By Application Method
- Foliar Spray
- Soil Treatment
- Seed Treatment
By Crop Type
- Fruits & vegetables
- Turf & ornamentals
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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As biostimulants are a combination of compounds, micro-organisms, and other substances, they are an excellent source of nutrients and proteins. As a result, there is a demand from farmers as well as other crop producers. Biostimulants enhance the plant growth and development right from the initial days of plant germination to the time where plants are fully matured. The advantages of biostimulants from conventional crop fertilizers have led to their rising uptake and an environment-friendly nature is what differentiates them from the other fertilizers.
In May 2019, AgMa Energy announced that it plans to launch India-specific agricultural products to suit domestic crops and climatic conditions. Fortune Business Insights provides a detailed analysis of company activities, similar to AgMa’s latest strategy. Besides, AgMa, some of the leading companies that are operating in the global biostimulants market are Koppert, Valagro, BASF, Syngenta, Monsanto Bioag Alliance, Arysta Lifescience, and Isagro.
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