Global Biostimulants Market Share, Size, Trends, Growth, Analysis and Forecast
Biostimulants are emerging as a crucial constituent in sustainable agricultural practices. They are an effective alternative to chemical-based agro-products, which are replacing these at a higher rate on account of their eco-friendly nature and performance efficiency. Notably, the global biostimulants market is projected to grow at a CAGR of over 11% during the forecast period on account of a rising focus on enhancing productivity, coupled with rapid soil degradation. Important elements of the Global Biostimulants Market Based on Active Ingredient, the market is segmented into acid-based, seaweed extract, and microbial. Acid-based biostimulants occupy a major share of the active ingredient segment, which includes products based on humic, fulvic, and amino acids. Furthermore, seaweed extracts which are mainly used as biostimulants due to the presence of plant growth substances and metal elements are anticipated to register the fastest growth rate over the forecast pe...