Biostimulants Market Growth, Trends, and Forecast 2023-2030
The global biostimulants market was valued at USD 2.6 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.4% from 2023 to 2030. This growth can be attributed to the increasing demand for biostimulants across various agricultural applications, including seed, soil, and foliar treatments. Biostimulants are organic fertilizers designed to enhance plant growth and development. They are used throughout the plant’s life cycle—from seed germination to maturity—by promoting growth and improving productivity. Additionally, these fertilizers encourage the activity of beneficial soil microbes, which aid in nutrient transfer, assimilation, and usage, thereby improving soil fertility and plant health. As the global agricultural sector increasingly embraces more sustainable and eco-friendly practices, the demand for biostimulants, which are organic and promote healthier plant gr...