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Agricultural Biostimulants Market Size To Reach USD 6.98 Billion By 2026 – Reports And Data

The global Agricultural Biostimulants Market 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…

The post Agricultural Biostimulants Market Size To Reach USD 6.98 Billion By 2026 – Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.

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The global Agricultural Biostimulants Market 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.

Asia Pacific is expected to be a key revenue generating region in the forecast period. The market is projected to grow at a CAGR of 13.1% in the forecast period. Agricultural sector is the backbone of several countries in Asia Pacific region including China and India. Agriculture contributes to about 7.9 percent of GDP in China and almost 15.5 percent of GDP in India. However, over the years, stagnation of crop yield has emerged as one of the greatest challenges for these economies. Countries have been adopting strategies to boost their cereals production. Years of intensive farming has affected the total yield and soil quality of these regions. Adoption of biostimulant is expected to bring about a significant change in the agricultural sector of the region.

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Key participants include

  • Syngenta
  • FMC Corporation
  • BASF
  • Monsanto Company
  • Arysta Life Science.

Further key findings from the report suggest

  • Seed is projected to be the fastest growing application of the agricultural biostimulants. The segment is projected to grow at a CAGR of 15.7% in the forecast period. The role of biostimulant in the life processes of plants is to contribute to enhanced seed germination and accelerate biological activity of the crop. In agriculture, bio stimulants support in increased chlorophyll and carotenoids, enhancing root growth and boosting the antioxidant potential of plants.
  • Asia Pacific market is forecasted to grow at a CAGR of 13.1% in the coming years. Australia is projected to be a key revenue generating country for the biostimulants market. There has been a significant adoption of organic farming in Australia. The area of pastoral land under certified organic management has increased since 2016 and has reached about 27million hectares. The number of certified organic primary producers has also increased to 2075.

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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)

  • Acid-based
  • Extract-Based
  • Others

Application Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Million; 2018-2026)

  • Soil
  • Foliar
  • Seed
  • Others

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Regional Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Million; 2018-2026)

  • North America
    • U.S.
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • India
  • Latin America
    • Brazil
  • MEA

Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:

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Agricultural Biologicals Market Size, Share & Analysis, By Function (Biocontrol, Biofertilizers, Biostimulants), By Product Type (Microbials, Macrobials, Semiochemicals, Natural), By Mode of Application (Foliar Spray, Soil and Seed Treatment), By Crop Type (Cereals & Grains, Fruits & Vegetables, and Oilseeds & Pulses), and By Region Forecast To 2028

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

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The post Agricultural Biostimulants Market Size To Reach USD 6.98 Billion By 2026 – Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.

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