In modern agriculture, the growth of the bio stimulants market is attributed to the expansion of the organic food and beverage industry owing to the growing demand for high-quality crops and agro foods. Bio stimulants reduce the dependency on chemical fertilizers and contribute to boosting the uptake of microbial inoculants composed of micro-organisms associated with plant yield. The trend that is flouring in the bio stimulants market is organic bio stimulants for processes such as seed germination and bioaugmentation. For the future of the agriculture industry, organic bio stimulants are significant for promoting organic farming practices. These bio stimulants inflate soil microflora that enhances the nutrients more efficiently. Organic bio stimulants such as humic acids boost the internal defenses against environmental and disease pressure and increase the antioxidant activity in plants. Additionally, the demand for organic bio stimulants is rising due to an increase in the production of organic food products without using any pesticide or fertilizer.As a consequence, the global bio stimulants market was valued at $2.5 billion in 2018 and the demand is poised to grow progressively at a CAGR of 11.5% during the forecast period 2019-2025.
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Novel Plant Bio Stimulants Helps Overcoming Arable Land and Growing Population Problem
The current world population is 7.6 billion, which is estimated to reach 9.8 billion in 2050 and 11.2 billion by 2100. The growing population is compelling modern agriculture to produce more crops and food in a more sustainable and eco-friendly way. However, as of 2016, only 37% of the world’s land was capable of being ploughed and used for growing fruits, vegetables, and crops.
Foliar Segment Leading Bio Stimulant Market through to 2025
Based on the segmentation, the foliar is the dominating segment in the bio stimulants market, growing at a notable CAGR 11.2% during the forecast period. The growing acceptance of foliar fertilizer treatment has enhanced the biological microbes and farming techniques which is driving the growth of the bio stimulants market.
The Major Players in the Market
Some of the key players operating in the bio stimulants market are Arysta LifeScience Corporation, BASF SE, Arysta LifeScience Corporation, Novozymes A/S, Italpollina spa, Isagro, Koppert B.V., Syngenta AG, Platform Specialty Products Corporation, Taminco BVBA, and Valagro SpA. Many companies are introducing new products in order to increase their market presence or entering into strategic mergers and acquisition, joint ventures, and partnerships.
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