Biostimulants Market anticipated to grow at a CAGR of 10.4% from 2022 to 2030
Biostimulants Industry Overview The global biostimulants market size was valued at USD 2.79 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 10.4% from 2022 to 2030. This is attributed to increased instances of soil degradation, stringent regulations on the use of chemicals in the agriculture sector, and the need for sustainable & eco-friendly alternatives to boost the growth and productivity in the agriculture sector. Biostimulants can be substances or microorganisms, which are added to the plants to enhance their characteristics and increase the yield. As the population is growing, the demand for the product is also increasing due to the growing awareness about the harmful, long-term effects of artificial chemicals used for plant growth. Thus, the growing demand for organic and natural goods is positively impacting the market growth, especially in APAC. Gather more insights about the market drivers, restrains and...