Biostimulants Market is estimated to be over US$ 2.5 Bn by 2019. The market is anticipated to grow at a CAGR of 11% from 2019 to 2030.
The continual growth of the biostimulants market can be attributed to several factors, which have led to the wide-scale adoption of these products. The growing trend of organic farming and favorable government regulations supporting the adoption of biostimulants are anticipated to further contribute to the substantial market growth between 2019 and 2030. However, the production of low-quality products due to the lack of transparency in patent protection laws across various countries may hamper the global biostimulants market to a certain extent.
Major Key Players of the Biostimulants Market are:
BASF SE, Valagro, Bayer AG, UPL, Biolchim SPA, Eastman Chemical Company or its subsidiaries, FMC Corporation, Acadian Seaplants, Biovert SL, and Koppert Biological Systems., among others.
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