Focus on Sustainable & Safe Agriculture, Increasing Demand for Organic Foods & Emphasis on Food Security to Drive the Global Biostimulants Market
The global Biostimulants market is projected to reach US$3.1 billion by 2024 , driven by growing need to enhance agricultural output to meet the needs of growing global population, as well as the trend of increasing consumption of organic foods across the world, and other factors such as rising concerns on environmental impact of agricultural practices, increasing awareness among growers and emergence of effective and research-based products. Biostimulants are substances of biological origin which when applied to the soil, seed, plant or any other growing media, enhances the plant’s nutrient-using capability. These are products meant for inclusion in regular fertilization practices, and are neither fertilizers nor pesticides but natural plant growth regulators capable of rendering a positive impact on overall health of the plant when applied in small quantities. While biostimulants have been in use for several decades, research work in the area and use of research based products ...